Huobi Exchange has announced the next phase of its HTX DAO airdrop program. This latest initiative, scheduled for July 30, 2024, marks the fifth round of token distribution and continues to show that the exchange’s commitment to fostering its decentralized autonomous organization (DAO) ecosystem.

Huobi Exchange Announces Fifth HTX DAO Airdrop

Huobi exchange, has announced plans for the fifth round of its HTX DAO airdrop, targeting holders of TRX, USDT, and WSTUSDT tokens. This latest phase continues the exchange’s ongoing support for their DAO initiative.

According to the official announcement, they will conduct a snapshot of eligible users’ spot accounts on July 30, 2024, at 12:00 (GMT+8). The snapshot will capture balances of TRX, USDT, and WSTUSDT held in these accounts.

Following the snapshot, the tokens will be distributed to qualifying users in accordance with predetermined rules. This marks the fifth such airdrop, having already completed four previous rounds for TRX and USDT holders on the chain. The inclusion of WSTUSDT in this round suggests an expansion of the eligibility criteria compared to previous airdrops.

The airdrop is specifically designed for spot account holders, with sub-account balances being consolidated into the parent account for snapshot purposes. Huobi exchange has established minimum thresholds for participation, excluding holdings below 10 USDT, 90 TRX, or 10 WSTUSDT from the airdrop distribution.

The distribution of the tokens will be calculated based on the proportion of a user’s holdings relative to the platform’s total holdings for each asset type. They have assured users that the airdrop process will not interfere with regular trading activities or deposit and withdrawal services.

Also Read: BlackRock Ethereum ETF Wallet Receives 76,669 ETH From Coinbase

HTX’s Rising Global Position

The exchange has also achieved a notable milestone in the cryptocurrency market. Recent reports show that HTX Global has secured the second position globally in spot trading, according to a ranking of Top Crypto Exchanges by Trust Score.

The list, which includes 219 cryptocurrency exchanges, places them just behind industry leader Binance. They earned a perfect trust score of 10/10 and reported a 24-hour trading volume of $2.7 billion. This marks the first time the exchange has reached such a high rank, as acknowledged by Tron Network founder Justin Sun.

Also Read: Global Equity Sell-off Puts Strong Selling Pressure on Bitcoin, Ether

The post Huobi Exchange Schedules Next HTX DAO Airdrop Phase, Who is Eligible? appeared first on CoinGape.

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Filed under: News - @ July 25, 2024 8:19 am