- Huobi Exchange announces the fifth phase of its HTX DAO airdrop for TRX, USDT, and WSTUSDT holders, scheduled for July 30, 2024.
- This phase will also include holders of WSTUSDT, expanding the scope of participation.
- Eligible users will be determined based on a snapshot of their spot account balances taken at 12:00 (GMT+8) on July 30, 2024.
Get all the details on Huobi’s latest HTX DAO airdrop phase and find out if you meet the eligibility criteria for the upcoming token distribution.
Huobi Exchange Unveils Fifth HTX DAO Airdrop
In a significant move to bolster its decentralized autonomous organization (DAO) ecosystem, Huobi Exchange has announced the fifth phase of its HTX DAO airdrop. This new phase aims to reward holders of TRX, USDT, and, for the first time, WSTUSDT tokens. The airdrop is set to occur on July 30, 2024, and will follow several successful distributions aimed at nurturing the platform’s growing community.
Expanded Eligibility Criteria
The latest round marks an expansion of the eligibility requirements to include WSTUSDT holders, in addition to the previously eligible TRX and USDT holders. To determine who qualifies for this airdrop, Huobi will take a snapshot of users’ spot account balances at 12:00 (GMT+8) on the said date. Sub-account balances will be consolidated into the parent accounts, but minimum balance thresholds will apply—users must hold at least 10 USDT, 90 TRX, or 10 WSTUSDT to participate.
Distribution Mechanics and Proportions
Once the snapshot is taken, the tokens will be distributed to qualifying users based on their holdings relative to the total platform holdings for each asset type. This methodology aims to ensure a fair and proportional distribution, rewarding users based on their stake in the ecosystem. Huobi has reassured its user base that this airdrop procedure will not disrupt any ongoing trading, deposits, or withdrawals.
HTX’s Rising Influence in the Crypto Market
In addition to the airdrop announcement, Huobi’s influence in the cryptocurrency market continues to grow. Recent data shows that HTX Global has climbed to the second position in global spot trading rankings, as reported by the Trust Score index, which evaluates 219 cryptocurrency exchanges. This impressive ranking is bolstered by a perfect trust score of 10/10 and a 24-hour trading volume of $2.7 billion, a feat prominently acknowledged by Tron Network founder Justin Sun.
Conclusion
With the fifth phase of its HTX DAO airdrop, Huobi Exchange continues to significantly contribute to the cryptocurrency ecosystem by rewarding its active community. The inclusion of WSTUSDT in the eligibility criteria showcases the platform’s dedication to inclusivity and growth. As Huobi rises in the global ranks, it reaffirms its commitment to user engagement and transparent token distribution processes.
