Alisa Davidson
Published: September 10, 2024 at 6:44 am Updated: September 10, 2024 at 6:44 am
Edited and fact-checked:
September 10, 2024 at 6:44 am
In Brief
HTX initiated 52nd round of PrimePool, offering participants a chance to claim a portion of 7,858,399 OX prize pool by locking HTX and SUN.
Cryptocurrency exchange HTX announced the start of the 52nd round of PrimePool, offering participants an opportunity to claim a portion of a prize pool totaling 7,858,399 OX tokens by locking HTX and SUN. The mining period has begun and will continue until 12:00 UTC on September 20th.
The ten-day mining rewards for HTX account for 70% of the total rewards pool, with a minimum lock limit of 156,250,000 HTX. For SUN tokens, the ten-day mining incentives represent 30% of the pool, with an upper lock limit of 15,650 SUN tokens.
Snapshots of users’ locked assets, as well as the total locked assets of all users, will be taken hourly to determine the mining rewards. When the calculations are complete, the rewards will be distributed to users’ spot accounts in OX tokens.
OX token is the native currency of the gamified derivatives exchange, OX.FUN. It serves as both collateral and profit-and-loss (PNL) currency on the platform. The total supply of OX tokens is capped at 9.86 billion, with 3.5 billion currently in circulation.
OX.FUN operates as a new gamified perpetual swaps exchange. By using OX for profit, loss, and liquidation calculations instead of USD, it addresses many risks traditionally related to portfolio margin systems. This approach enables traders to use their portfolio for trading perpetual contracts, encompassing memecoins and other cryptocurrencies not available on other exchanges, with industry-leading collateral loan-to-value (LTV) ratios.
HTX Introduces P2P Trading On Telegram With New Mini App, Enhancing User Experience
This ecosystem offers a variety of blockchain-related services, such as digital asset trading, financial derivatives, wallet services, and more. The platform offers access to more than 700 virtual assets, processes a daily trading volume surpassing $4 billion, and boasts over 45 million users.
Recently, HTX launched its Telegram Mini App, enabling users to perform peer-to-peer (P2P) trades and access real-time trading data inside of the Telegram messaging application, eliminating the need to switch to the HTX application or website.
Disclaimer
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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, 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
For more trending news articles like this, visit DeFi Daily News
In conclusion, the world of cryptocurrency continues to evolve with exciting developments like the HTX PrimePool initiative. As digital finance enthusiasts explore new avenues for trading and investment, platforms like OX.FUN provide innovative solutions that offer enhanced user experiences and opportunities for growth. With the introduction of tools like the Telegram Mini App, accessing crypto trading has never been easier, providing convenience and efficiency for users worldwide. Stay informed with the latest news and updates in the DeFi space by checking out DeFi Daily News for more insightful articles and market trends.
