Dear HTX Users,

HTX's 25th round of PrimePool is scheduled to commence on April 24, 2024 (UTC). Participants will have the chance to share in a generous prize pool of 62,500 MERL tokens by locking their $HTX.

App: Join now >>

Web: Join now >>

Event Period:

Warm-up Period: 07:00 (UTC) on April 24, 2024 - 12:00 (UTC) on April 24, 2024

Mining Period: 12:00 (UTC) on April 24, 2024 - 12:00 (UTC) on May 4, 2024

Event Rules:

Token	10-day Mining Reward	Minimum Lock Limit	Maximum Lock Limit	Term
$HTX	62,500 MERL	156,250,000 $HTX	No upper limit	Flexible

• Snapshots of your locked assets and the total locked assets of all participants will be taken once every hour to calculate the mining rewards. The rewards will be sent to your Spot account right after the calculation.
• During the event's warm-up period, you have the option to pre-lock your assets. If you enable pre-locking, you will get the reward for the first hour after locking your assets for an hour once the mining period starts. However, if you pre-lock your assets during the warm-up period but unlock them before the mining period starts, you will not be eligible to receive any rewards.
• One hour after the event's mining period starts, you will get the previous hour's reward in the next hour after locking your assets for an hour. If you unlock your assets prematurely during the event, you will not be eligible to receive any rewards for the hour when your assets are unlocked.

Here are two illustrations for your reference:

• The event starts at 20:00:00, and User A locks $HTX between 20:00:00 and 21:00:00. When the mining rewards are calculated at 21:00:00, User A will become eligible to receive their rewards.
• The event starts at 20:00:00. User B locks $HTX at 20:00:00 and unlocks it at 20:55:00. When the mining rewards are calculated at 21:00:00, User B will not receive any rewards due to locking the token for less than an hour.

Rewards:

• The rewards for the event are in MERL tokens. The amount of the hourly reward you receive is subject to the actual amount of $HTX you locked for an hour.
• Tier factors for calculating users' effective locked amount

$HTX Lock Amount	Tier Factor	Calculation of Effective Locked Amount
156,250,000 ≤ $HTX ≤ 15,625,000,000	1	Effective locked amount is 15,625,000,000 $HTX if you lock 15,625,000,000 $HTX
15,625,000,000 < $HTX ≤ 31,250,000,000	0.9	Effective locked amount is 29,687,500,000 $HTX if you lock 31,250,000,000 $HTX
31,250,000,000 < $HTX ≤ 78,125,000,000	0.7	Effective locked amount is 62,500,000,000 $HTX if you lock 78,125,000,000 $HTX
78,125,000,000 < $HTX ≤ 156,250,000,000	0.5	Effective locked amount is 101,562,000,000 $HTX if you lock 156,250,000,000 $HTX
$HTX > 156,250,000,000	0.3	Effective locked amount is 148,437,500,000 $HTX if you lock 312,500,000,000 $HTX

• Reward calculation:

If you mine with $HTX only, your hourly mining reward = your effective locked amount of $HTX / total effective locked amount of $HTX of all participants * （62,500/10/24) MERL.

• Example:

User A and User B joined the event within the first hour. User A locks 5,000,000,000 $HTX and user B locks 30,000,000,000 $HTX. The reward that user A will receive for the first hour is 5,000,000,000*1/{5,000,000,000*1 + [15,625,000,000*1+(30,000,000,000-15,625,000,000)*0.9]}*（62,500/10/24) MERL.

 

Terms & Conditions:

• Participants are required to complete the level 1 KYC verification.
• HTX reserves the right to the final decision on all aspects of the event and has the right to disqualify any participants who are found to be involved in any cheating behaviors.

 

HTX

April 23, 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.