HT Operation Monthly Report (August 2020)

Dear users,

Hello everyone! Thank you all for your support and trust in HT all along.

HTX has always been committed to pursuing innovation and change in a steady manner. We’d like to present you with a detailed progress report on HT:

Ⅰ. The amount of HT Burnt in August has increased by 97% compared to July, and HTX has pioneered the launch of "DeFi Mining" and "Yield Farming" products.

1. HT data

The total number of burnt HT in August is 4.872 million (about 23.301 million USDT), which is 97% higher than that in July. The total number of burnt HT as of September 15, 2020 is 219.17 million.

Circulation deflation rate for the month is about 1.63% (Note: Circulation deflation rate = total quantity destroyed in this period: 4.872 million HT* (15%/20%) / previous period's total quantity in circulation: 223.592 million HT).

Total in circulation: 280,829,000 HT.
Total in circulation: 219,937,000 HT.
Number of HT users in possession: increased by 4.89% compared to July.

2. HT August Calendar

① As of September 15, HTX Website has launched the pioneering products "DeFi Mining" and “Yield Farming." HTX has launched 6 phases activities and the amount of locked HT has reached 33.3 million HT.

As of September 14, HTX DeFi mining and Yield Farming have distributed approximately 3 million USDT to event participants.

② HTX Website has completed the voting projects FastTrack Phase 12 and 13 - to burn all HT income from ANKR (Ankr), STPT (Standard Tokenization Protocol), DF (dForce), SAND, and others. (The Sandbox). The total burnt amount has reached 64,242.5 HT.

③ To promote a more prosperous overall decentralized market and to continue to provide quality assets to the DeFi market, HTX announced that it will continue to provide H-series assets to the ethereum ecosystem. HTX has already launched the HBTC as the staking asset for Bitcoin on the ethereum blockchain in February 2020, and the future assets to be released in the second batch include mainstream digital assets such as DOT, LTC, and BCH. HTX will continue to listen to community voices and provide more cross-chain assets for Ethereum in the future.

④ Tap Global, a European compliant encrypted payment platform, announced that its Tap MasterCard and Wallet app will accept HT as a payment option. This means that HT users can use their Tap MasterCard to pay at millions of merchants in over 210 countries and territories, and the Tap MasterCard & Wallet App will also support two-way exchange with HT for European users using fiat such as GBP and Euro.

3. Institutional Analysis

CryptoCompare: HTX has become the new king of the digital asset derivatives industry

In response to the changes in the derivatives market, CryptoCompare released a detailed review of the performance of major digital asset derivatives exchanges in Q2 in its Q2 Exchange Development Report in August. The comparison found that in Q2, HTX has been promoted to be the new king of the digital asset derivatives industry by virtue of its strong performance in delivery contracts and perpetual contracts, and HTX's leading position is expanding.

(Note: The above report is independently published by a third-party research institution, and only part of it is quoted by HTX Website, which does not fully endorse the view of the whole report.

Ⅱ. The total amount of spot transactions on HTX Station rose 105.9% from last month, and HTX has become the main trading market for several popular digital assets.

1. HTX Business Development

① In August 2020, the total spot trading volume, futures trading volume and perpetual trading volume of HTX have increased by 105.9%, 43.3% and 66.9% respectively from the previous month.

② In August, 19 DeFi and Boca ecological track assets such as NEST, JST, COMP, YFI, YFII and RING were launched on the HTX, 9 of which were world premieres. According to CoinMarketCap data, the HTX has become the main trading market for several popular digital assets. Market analysts believe that HTX's advantages in terms of overall volume, liquidity and security have made it not only the largest exchange for mainstream digital assets, but also the main market for most small and medium-sized digital asset tradings.

③ HTX perpetual swaps have covered a total of 49 mainstream digital assets, including 18 popular high-quality DeFi assets such as LINK, COMP, CRV, etc., and support users to operate on the Web terminal, API terminal and APP terminal, up to 125x multiples. Among them, BTC, ETH and LTC support real-time settlement function, and the part of profits (after deducting floating losses and occupied secured assets) can be withdrawn at any time.

④ HTX Mining Pool has launched yield farming products and opened BTC and USDT stakings. Users can earn BTC and USDT by locking BTC and USDT, respectively. 200 BTC of BTC can be earned in 51 hours and 40 minutes.

2、HTX Events

① On Aug. 5, 2012, Zhu Jiawei, COO of HTX Group, attended the "2020 Cointelegraph Chinese Greater Bay Area - International Blockchain Week" and delivered a keynote speech on "DeFi vs CeFi: Who is the future credit bridge of the industry". The goal is the same as that of CeFi, but the path to achieve it is different.

② On August 3, HTX announced the establishment of DeFi Lab, which unites the global community to build DeFi ecology. On August 17, DeFi Labs announced the establishment of the Global DeFi Alliance to unite the global industry and promote the goal of making DeFi more inclusive and financial better; the "DeFi Prophet" activity was held from August 25 to August 31 on HTX, with a total of 80,000 people participating in the activity, and two of them were selected to participate. This is an event organized by HTX to accelerate the layout of DeFi, promote the connection of projects and users, improve service quality and enhance the interest of the market.

③ YFII and YFI were the first to list on the HTX Inno Hub on August 23rd. The Inno Hub is a special channel for high potential projects at the forefront of the blockchain industry, dedicated to exploring the next generation of blockchain potential applications and innovative projects that will reshape the global economy. It is dedicated to exploring the next generation of blockchain potential applications and innovative projects that will reshape the global economy. The HTX Inno Hub is open to accept diverse features in an eclectic and open manner, and encourages innovation and exploration through flexible and changing project online formats, promoting the stable construction of the entire blockchain ecosystem and the flourishing development of high potential projects in the blockchain industry.

④ RING was launched on the HTX Boca Ecological Board, which continuously explores high potential Boca ecological projects and provides users with the most comprehensive Boca ecological board investment services from spot, leverage to contract, becoming a one-stop trading platform for investing in Boca ecology.

⑤ HTX Sustainable Contract Master Contest officially started on August 18 and has lasted for 6 days, with more than 100,000 people competing. The final champion won the championship in this HTX Sustainable Contract Master Contest with the total income of 19,467.16% from sustainable contracts, took the Porsche Grand Prize, and finally chose to exchange for HT equivalent.

⑥ HTX Mining Pool was the first to connect to Medalla, an ethereum 2.0 end testing network, and said that as one of the ethereum verifiers, HTX Mining Pool will continue to follow its development and support ethereum ecology in the future.

⑦ Japan Security Token Offering Association (JSTO) is a financial product retrieval industry association recognized by Japan Financial Services Agency.

Ⅲ. Media Coverage

Cointelegraph

1. HTX Launches Global DeFi Alliance To Merge East and West

2. Following HBTC, HTX to launch the H-token series on Ethereum

3. HTX to sell world’s most popular IoT crypto miner MXC M2 Pro

4. HTX Announces Measures to Strengthen Its Presence in Russia

5. HTX Meets ‘Loud and Clear’ Demand for Crypto Savings Accounts

6. HTX Launches Global DeFi Alliance To Merge East and West

CoinDesk

1. HTX Launches Crypto Saving Products to Compete With DeFi Yield Farming

2. FATF Compliance Effort Adds HTX, Bitfinex and Tether to Governance Task Force

3. HTX Futures to Launch Options Trading This Week, Joining Throng Challenging Deribit

4. First Mover: HTX Takes on OKEx in Futures, Opening New Front in ‘Chinese’ Rivalry

5. HTX and OKEx Battle for Supremacy in China

6. HTX Launches Consortium of DeFi Providers and Platforms With MakerDAO, Compound

Thank you HTX Fellows, see you next month.

HTX
September 15, 2020