HTX, a prominent cryptocurrency exchange, has taken a major step to enhance its Liquid Restaking event by doubling the reward pool to $100 million and introducing innovative features to boost participants’ rewards. This move comes in response to the overwhelming interest in the event since its highly anticipated launch.
According to HTX’s announcement, the additional $50 million quota will be effective from March 25, 2024, at 09:00 (UTC). The total staking quota now includes 500 BTC, 5,000 ETH, 50,000,000 USDT, 50,000,000 TRX, and 3,000,000,000,000 HTX. Participants can enable their assets in Spot and Futures accounts on HTX to get snapshotted and receive initial airdrops daily from premium restaking projects.
One of the key highlights of the event update is the introduction of ‘Boosters,’ which allow participants to receive up to a 150% boost on their rewards. These boosters can be obtained through three methods: joining or creating a team, daily trading fees generated from spot, margin, and futures trading, and $HTX holdings in Spot and Earn accounts.
Participants can either join an existing team or create their own by teaming up with friends. A team’s boost level is determined by the total participating amount contributed by all team members, with higher levels granting higher boosts. Each team can have a maximum of 2,000 members, and the team leader receives an extra 20% boost. To join a team, users can scan the QR code or click the invitation link, visit the Liquid Restaking event page, and enter the team invitation code.
As the first cryptocurrency exchange to support Restaking with no entry requirements, HTX aims to provide secure, convenient trading services while driving innovation in the cryptocurrency industry. With this expansion of the Liquid Restaking event, HTX reinforces its position as a global gateway to Web3 and its commitment to offering comprehensive, safe, and reliable services to virtual currency enthusiasts worldwide.
This news story relied on a press release distributed by News Direct. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is HTX Boosts Liquid Restaking Rewards with $100M Pool and Boosters.