News Report Technology
December 14, 2023

Huobi HTX Teases Mysterious Token Airdrop, Snapshot Planned for December 31st

In Brief

Huobi HTX will launch a mystery token airdrop on December 31, with plans to distribute rewards in following 12 months.

Huobi HTX Launches Mysterious Token Airdrop, Takes First Snapshot on December 31

Cryptocurrency exchange Huobi HTX announced plans to initiate a billion-dollar mystery token airdrop as part of its year-end celebration.

On December 31, 2023, at 00:00, Huobi HTX will take a snapshot of users’ initial effective “Rocket” value and calculate it weighted based on the user’s historical behavior data to determine the total airdrop amount. The distribution of airdrop rewards is scheduled over the following 12 months.

Users with “Rockets” greater than 0 are eligible for the mystery token airdrop.

Commencing January 2024, Huobi HTX will conduct a monthly snapshot of the effective “Rocket” value on the final day of each month for 11 consecutive months. The maximum number of tokens that can be unlocked and claimed in the subsequent month will be determined based on the monthly snapshot.

The specific time for airdrop distribution is set before 23:59:59 on the final day of each month in 2024, repeating 12 times. The particulars of the airdrop ratio and project details will be disclosed prior to the airdrop.

Rocket value represents a user’s 30-day average asset balance on Huobi HTX, equivalent to the amount of USDT.

Launched in 2013, Huobi HTX stands as one of the globally recognized cryptocurrency exchanges, particularly influential in the Asian market. It offers a digital asset ecosystem encompassing spot trading, derivatives trading, staking, crypto loans, and crypto yield products.

Earlier this year, Huobi HTX became a member of the Hong Kong Virtual Assets Consortium (HKVAC). Simultaneously, it was among the pioneering organizations to launch retail cryptocurrency trading in Hong Kong with the introduction of its Huobi Hong Kong exchange.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Crypto Exchange Upbit To List BIGTIME And Akash Network’s AKT Tokens For Trading
Markets News Report Technology
Crypto Exchange Upbit To List BIGTIME And Akash Network’s AKT Tokens For Trading
April 23, 2024
Jakov Buratović Reveals Lido’s Protocol Upgrade Process. What’s coming next?
Interview Software Technology
Jakov Buratović Reveals Lido’s Protocol Upgrade Process. What’s coming next?
April 23, 2024
How EigenLayer’s Free-Market Governance Model Is Changing Ethereum’s Security Landscape
Software Stories and Reviews Technology
How EigenLayer’s Free-Market Governance Model Is Changing Ethereum’s Security Landscape
April 22, 2024
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
Business News Report Technology
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
April 22, 2024