Recently, the first phase of the TradFi contract mining activity by Huobi HTX has successfully concluded. This event, featuring "24/7 mining" and "up to 110% fee rebates," has successfully ignited the trading enthusiasm for traditional financial assets in the crypto market.

Official data shows that the first phase of the activity not only achieved a remarkable total trading volume of 63.37 million USDT but also produced a "super winner" who earned a reward of 5,206 USDT, fully demonstrating the significant effectiveness of the activity in enhancing trading experience and reducing trading costs.

In the current turbulent crypto market, the TradFi perpetual contracts launched by Huobi HTX provide users with excellent risk hedging and cross-border investment tools. Through the "trading mining" model, users can seamlessly capture macro dividends from the surge in US stocks and fluctuations in gold using familiar USDT principal without worrying about fee friction.

Negative fee trading, 24/7 continuous trading incentives

Official data shows that the cumulative trading scale of the first phase of the contract mining activity has strongly surpassed 63.37 million USDT. During this period, the platform distributed a total of 23,477 USDT in rewards to users, saving them a total of 22,238 USDT in fees (equivalent to a rebate of approximately 1.8 billion $HTX). This series of impressive data is attributed to Huobi HTX's "negative fee" trading mechanism and 24/7 incentive model.

During the event, users participating in designated TradFi perpetual contract trading could receive up to 110% $HTX rewards based on the actual fees incurred. This means that the platform's rebates not only cover all fee costs but also provide additional rewards to users, transforming trading costs from "expenditure" to "revenue," truly achieving "the more you trade, the more you earn." Additionally, the platform set up a daily reward pool of 6,000 USDT and continuously distributed rewards hourly, achieving uninterrupted incentives 24/7.

It is worth mentioning that the trading targets of this event widely cover core TradFi assets such as metals, commodities, indices, and stocks: from safe-haven and anti-inflation tools like gold (XAU) and crude oil (USOIL) to tech giants in the US stock market like the Nasdaq index (QQQ), Nvidia (NVDA), and Microsoft (MSFT). The rich variety of trading targets not only provides users with more diverse macro allocation, risk hedging, and cross-market trading opportunities but also further expands the application scenarios for the integration of Web3 and traditional financial markets.

Fee buyback and destruction of $HTX, building a positive cycle of trading and ecological value

In addition to trading rewards, another highlight of this event is the deep binding of user trading to the ecological value of $HTX.

During the event, all fee income generated from designated TradFi contracts will be used to buy back $HTX and will be uniformly executed according to the platform's quarterly destruction plan. This mechanism organically combines the platform's trading growth with the value construction of $HTX, continuously incentivizing users to participate in trading while reinforcing the token's deflationary attributes, promoting a positive cycle of "trading growth --- buyback and destruction --- value accumulation" within the platform's ecosystem.

With the successful conclusion of the first phase, the second phase of the TradFi contract mining activity by Huobi HTX is now in the preparation stage. The platform will continue to launch negative fee trading mechanisms and 24/7 trading incentives, further expanding popular TradFi asset trading scenarios, allowing users to seize global market opportunities while continuously enjoying the innovative experience of "trading equals revenue."

In the future, Huobi HTX will continue to promote the deep integration of Crypto and TradFi with more diverse products, more competitive incentive mechanisms, and more comprehensive ecological construction, creating a more professional and efficient digital asset trading platform for global users.

About Huobi HTX

Huobi HTX was established in 2013 and has developed over 13 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and safety compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.