Huobi HTX’s inaugural TradFi Contract Mining Event Concludes: Trading Volume Exceeds 63.37 Million USDT, Top User Earns 5,206 USDT in Rewards

Recently, the first phase of Huobi HTX's TradFi Perpetual Contract Mining event concluded successfully. The event, featuring innovative mechanisms such as "7×24 Hour All-Weather Mining" and "Up to 110% Fee Rebates," successfully ignited the crypto market's trading enthusiasm for traditional financial assets.

Official data shows that the first phase not only achieved an impressive total trading volume of 63.37 million USDT but also produced a "super winner" who single-handedly claimed rewards worth 5,206 USDT. This fully demonstrates the event's significant effectiveness in enhancing the trading experience and reducing trading costs.

Against the backdrop of current turbulence in the crypto market, the TradFi Perpetual Contracts launched by Huobi HTX provide users with an excellent tool for risk hedging and cross-border investment. Through the "Trading Mining" model, users can seamlessly capture the macro dividends of surging US stocks and fluctuating gold prices using their familiar USDT principal, free from concerns over fee friction.

Negative Fee Trading, 7×24H Continuous Trading Incentives

According to official data, the cumulative trading volume of the first phase of the Contract Mining event strongly surpassed 63.37 million USDT. During the period, the platform distributed a total of 23,477 USDT in rewards to users, effectively saving them 22,238 USDT in trading fees (equivalent to a rebate of approximately 18 billion $HTX). This series of impressive figures was driven by Huobi HTX's "negative fee" trading mechanism and the all-weather incentive model.

During the event, users participating in designated TradFi Perpetual Contract trades could earn up to 110% in $HTX rewards based on the actual fees incurred. This means the platform not only covers all fee costs but also provides additional rewards to users, transforming trading costs from an "expense" into "income," truly embodying the principle of "the more you trade, the more you earn." Additionally, the platform established a daily reward pool of 6,000 USDT, distributing rewards on an hourly basis to ensure uninterrupted 7×24 hour incentives.

It is worth noting that the trading instruments covered in this event widely encompassed core TradFi assets, including metals, commodities, indices, and stocks. The selection ranged from safe-haven and inflation-hedging tools like Gold (XAU) and Crude Oil (USOIL) to tech giants listed on US stock exchanges such as the Nasdaq Index (QQQ), NVIDIA (NVDA), and Microsoft (MSFT). This rich variety of trading instruments not only provides users with more diverse opportunities for macro allocation, risk hedging, and cross-market trading but also further expands the application scenarios for the integrated development of Web3 and traditional financial markets.

Fee Buyback and Burn of $HTX, Building a Positive Cycle between Trading and Ecosystem Value

Beyond trading rewards, another major highlight of this event was the deep integration of user trading activities with the value of the $HTX ecosystem.

During the event, all fee income generated from designated TradFi Contracts was used to repurchase $HTX, which was subsequently burned according to the platform's quarterly burn plan. This mechanism organically combines platform trading growth with the value appreciation of $HTX. While continuously incentivizing user participation in trading, it constantly reinforces the token's deflationary properties, fostering a positive feedback loop within the platform ecosystem: "Trading Growth — Buyback and Burn — Value Accrual."

With the successful conclusion of the first phase, preparations for Huobi HTX's second phase of TradFi Contract Mining are already underway. The platform will continue to offer the negative fee trading mechanism and 7×24 hour trading incentives, while further expanding the trading scenarios for popular TradFi assets. This allows users to seize global market opportunities while continuously enjoying the innovative experience of "trading as earning."

Looking ahead, Huobi HTX will leverage more diverse products, more competitive incentive mechanisms, and a more robust ecosystem development to continuously drive the deep integration of Crypto and TradFi, creating a more professional and efficient digital asset trading platform for global users.

About Huobi HTX

Founded in 2013, Huobi HTX has evolved over 13 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, encompassing digital asset trading, financial derivatives, research, investment, incubation, and other operations.

As a leading global Web3 portal, Huobi HTX adheres to its development strategy of global expansion, ecosystem prosperity, wealth effect, and security compliance, providing comprehensive, secure, and reliable value and services to virtual currency enthusiasts worldwide.

For more information about Huobi HTX, please visit https://www.htx.com/ or HTX Square and follow X, Telegram, and Discord. For any further inquiries, please contact glo-media@htx-inc.com.