The cryptocurrency exchange HTX (formerly Huobi) has pioneered an innovative “negative fee” model for BTC trading, distributing daily rewards equivalent to 100,000 USDT until April 14. This trading mining initiative, launched on March 15, has rapidly gained market traction by combining user incentives with tokenomics optimization.
Key Achievements of HTX’s Trading Mining Program
- 10B USDT trading volume within first 3 days
- 179% month-over-month growth in platform activity
- 300K+ USDT distributed in user rewards
- 160K HTX tokens burned through fee repurchases
- BTC/USDT pair depth restored to Top 3 among exchanges
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How the Negative Fee Mechanism Works
HTX’s trading mining introduces a paradigm shift with its dual-benefit structure:
- Daily Reward Pool: Users trading BTC/USDT split 100K USDT worth of HTX daily
- Fee Recycling: 100% of net fees from mining pairs fund HTX buybacks and burns
This creates a virtuous cycle:
– Increased trading activity → More fee revenue → Larger token burns → Enhanced HTX scarcity
Participation Guidelines (Through April 14)
| Requirement | Detail |
|---|---|
| Eligibility | All users with >300 Rocket Score |
| Trading Pair | BTC/USDT spot market only |
| Daily Cycle | 20:00-19:59 (UTC+8) |
| Reward Distribution | Following day at 12:00 UTC+8 |
| Special Note | No referral commissions on mining rewards after March 20 update |
Strategic Benefits for the HTX Ecosystem
- Liquidity Enhancement: The program has significantly improved order book depth, particularly for BTC/USDT
- Token Value Support: Continuous burns reduce circulating supply, supporting HTX price stability
- User Acquisition: Novel reward structure attracts both retail and institutional participants
- DAO Synergies: Mining rewards complement existing HTX staking and liquidity programs
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Frequently Asked Questions
Q: How does HTX fund these daily rewards?
A: The platform allocates rewards from operational reserves, with additional support coming from unreferred trading fees that now fully contribute to buybacks.
Q: Can API traders participate?
A: Yes, the program supports both manual and algorithmic trading strategies.
Q: Why focus specifically on BTC/USDT?
A: As the market’s most liquid pair, it ensures fair reward distribution and measurable impact on platform liquidity.
Q: How does this differ from traditional fee discounts?
A: Unlike simple fee reductions, HTX’s model actually pays traders through token rewards while simultaneously improving the asset’s fundamentals.
Q: What happens to unclaimed rewards?
A: All undistributed HTX from the daily pool is burned, further tightening supply.
Q: Will this program extend beyond April 14?
A: While currently time-bound, HTX may introduce similar mechanisms for other trading pairs based on this initiative’s success.
The Future of Incentivized Trading
HTX’s negative fee experiment represents a bold evolution in exchange economics. By aligning short-term trader incentives with long-term token value, the platform demonstrates how innovative mechanisms can:
– Reduce effective trading costs
– Enhance market efficiency
– Create sustainable ecosystem growth
As the April 14 deadline approaches, market observers anticipate whether this model will establish a new standard for crypto exchange competition.
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