Huobi Exchange has revealed plans for the fifth phase of its HTX DAO airdrop, slated for July 30, 2024. This latest distribution will include holders of TRX, USDT, and the newly added WSTUSDT tokens. Here’s a breakdown of the eligibility criteria and distribution process.
Airdrop Overview and Eligibility
Scheduled for July 30, 2024, Huobi Exchange will conduct a snapshot of users’ spot account balances at 12:00 GMT+8. This snapshot will include balances of TRX, USDT, and WSTUSDT tokens. The inclusion of WSTUSDT in this round signifies an expansion in eligibility compared to previous airdrop phases.
This airdrop follows four prior rounds, which were exclusively for TRX and USDT holders. The new phase broadens the scope by including WSTUSDT, reflecting Huobi’s ongoing commitment to its decentralized autonomous organization (DAO) ecosystem.
Distribution Criteria
To qualify for the airdrop, users must hold their assets in spot accounts. Balances in sub-accounts will be consolidated into the primary account for the purpose of the snapshot. Huobi has established minimum thresholds for participation: 10 USDT, 90 TRX, or 10 WSTUSDT. Accounts with holdings below these amounts will be excluded from the airdrop.
Tokens will be distributed based on each user’s proportionate share relative to the total holdings of each asset on the platform. Huobi assures that the airdrop process will not disrupt regular trading operations or affect deposit and withdrawal services.
See also: BIS Backs Permissioned Stablecoins, Pressures USDT and USDC
HTX’s Global Standing
In related news, HTX Global has recently achieved a significant milestone in the cryptocurrency market. It now holds the second spot globally for spot trading volume, as reported by a recent ranking of top crypto exchanges by trust score. The exchange, which has achieved a perfect trust score of 10/10, reported a 24-hour trading volume of $2.7 billion, surpassing many competitors but trailing behind industry leader Binance. This advancement has been highlighted by Tron Network founder Justin Sun, underscoring the exchange’s growing prominence in the global market.
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