Dear HTX Users,

To appreciate your great support while facilitating the development of the Staking and Restaking ecosystems, HTX will launch the new feature of Liquid Restaking on February 29, 2024.

You can register for Liquid Restaking with your Spot account balance snapshotted to earn rewards including tokens and early airdrops of popular projects such as EigenLayer, Merlin Chain, etc.

Join now to share on-chain rewards for over $50 million staking quota (including 250 BTC, 2,500 ETH, 25,000,000 USDT, 25,000,000 TRX, and 1,500,000,000,000 HTX).

Rewards you can expect to receive:

- EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $7 billion)

- Puffer's initial airdrop (A trending Ethereum restaking project with TVL of nearly $1 billion)

- Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $1.5 billion)

- BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $0.45 billion)

- Crypto rewards, such as ETH, USDT, HTX, and TRX

* The distribution timing of the rewards depends on the projects' initial airdrop schedule, which may commence after April.

 

How to Participate:

- Applicable Cryptos: BTC, ETH, USDT, HTX, and TRX

- Rules: After registering for Liquid Restaking, a snapshot of participants' Spot account balances will be taken at a random time daily. The on-chain rewards per day will be distributed in the form of points after a 3-day period, based on the snapshot results. For instance, if User A registers on March 1, 2024, the first reward will be distributed to the user on March 4, 2024, based on the snapshot of their Spot account balance on March 1, 2024. If the registration time precedes the random snapshot time on the same day, the registration will take effect on that day; otherwise, it will take effect on the following day.

- Rewards: Participants will win Liquid Restaking (LRS-XXX) points, which can be redeemed for corresponding rewards.

 

 

- How to Redeem Points: The redemption of LRS-USDT, LRS-TRX, and LRS-HTX points will be available soon, while LRS-BTC and LRS-ETH points can be redeemed within 14 days after the start of the on-chain project airdrops, estimated between April and September, depending on the on-chain airdrop schedule. The rewards will be credited to participants' Spot accounts.

- Starting Time: 09:00 (UTC) on February 29, 2024

- How to Participate: Register for Liquid Restaking with the desired cryptos by navigating to your app > Assets > Spot > Liquid Restaking or Earn > Liquid Restaking.

* Rest assured that your assets on the HTX exchange will always be safeguarded regardless of any risks that may occur on the blockchain during the event, and the earnings will be distributed in the form of rewards.HTX will fully bear any potential losses that may occur, providing you with a worry-free participation experience.

* A booster will be introduced to enhance the rewards for $HTX holders. Please stay tuned for further announcements.

* More cryptocurrencies will gradually be available for Liquid Restaking.

* Assets held in accounts other than the Spot account will gradually be supported for Liquid Restaking.

About Restaking Ecosystem and Points:

Recently, the Restaking ecosystem has seen rapid development, with restaking projects like EigenLayer, Puffer, Merlin Chain, and BounceBit and Layer2 projects gradually launching and enabling on-chain staking to provide a new consensus basis for the ecosystem. The total value locked on EigenLayer once exceeded $7 billion. Restaking enables staked assets to be used for more protocols by sharing trust from the Ethereum Beacon staking layer. This not only allows users to earn more rewards but also lets other projects enjoy the same level of consensus and security as the ETH Beacon layer.

These projects adopt staking points to track participants' contributions. To incentivize early engagement, the projects may distribute their native tokens through initial airdrops based on the supporters' points after the projects' launch within the range from April to September this year.

Airdropping cryptocurrencies before their trading starts has garnered significant attention and popularity in the market.

 

Terms and Conditions:

1. HTX reserves the right to modify the terms of the feature and rewards. Please stay updated with the official announcements for any changes.

2. Participation in Liquid Restaking imposes no restrictions on operations of spot assets, including but not limited to trading, transfers, deposits, and withdrawals.

3. Participants who are found to be involved in any fraudulent behaviors, including but not limited to money laundering, manipulation of multiple accounts, and self-trading, will be disqualified. HTX reserves the right to freeze the cheating accounts, confiscate any gains from the fraudulent behaviors, and impose other penalties as necessary.

4. HTX reserves the right of final interpretation for this event and the right to amend, change or cancel this event at any time without further notice.

5. Due to local compliance requirements, users from some countries and regions are not eligible to participate in this event. Please refer to HTX User Agreement for details.

6. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX.

 

 

HTX Team

February 19, 2024

 

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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.