https://www.htx.com.fj/en/v/register/double-invite/web/?invitecode=ymcx6223&inviterid=11354800
On March 22, Huobi HTX officially released an announcement related to trading mining, increasing the Maker reward from 105% to 110% and the Taker reward from 102% to 105%, with the additional reward doubled.
The activity will end on April 14, and there are about 20 days left to double the opportunity!
How to maximize mining income
In order to attract more users to participate in the trading mining activity, the official has limited the reward cap for each account, so that market makers will not take away all the rewards at the beginning, and ordinary users also have the opportunity to participate.
Based on a daily reward cap of 5000U per person, assuming a spot trading fee of 1%, it would take approximately 4545U in fees to receive a 5000U reward. 4545U in fees would require a BTC trading volume of 454500U, approximately 6.5 BTC.
If you have 10,000U in assets, you would need to make 45 Maker trades or 90 Taker trades; if you have 50,000U in assets, you can receive all rewards in less than 20 trades.
With 50,000U in assets, earning a 500U reward with low risk would result in a daily return of 1%. Of course, the more assets you have, the fewer trades you need to make, and the fewer assets you have, the more trades you need to make, as shown in the table below.
Assuming daily participation without compounding, based on an investment of 50,000U, the return would be 30% in 30 days, far exceeding financial management; based on an investment of 10,000U, the daily return would be 5%, so starting now and participating for the remaining 20 days of the activity would result in doubling.
Therefore, participating in trading mining is actually very cost-effective, but it does require trading operations.
Even though there may be slippage losses during the trading process, as long as BTC and HTX do not experience a sharp decline, the profit can completely offset these losses. Moreover, where there are losses, there are also profits. If BTC and HTX prices rise, the profit will be even higher.
HTX repurchase volume far exceeds the amount destroyed
According to official data, on March 21 alone, the repurchase quantity was three times the new issuance of trading mining, equivalent to repurchasing 300 HTX for every 100 HTX mined. The circulation in the secondary market has already begun to decrease. Because the repurchase amount includes all BTC/USDT income, not just the trading mining income. Interested investors can also check the repurchase quantity through the official announcement on a daily basis.
So even after receiving HTX mining income, holding HTX instead of selling immediately also has great profit potential.
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