Huobi Exchange announces the fifth wave of its HTX DAO airdrop for TRX, USDT, and WSTUSDT holders on July 30.
Huobi Exchange has disclosed the next chapter of its HTX DAO airdrop program.
This recent initiative, which is scheduled for July 30, 2024, represents the fifth round of token distribution and underscores the exchange’s commitment to the development of its decentralized autonomous organization (DAO) ecosystem.
Huobi Exchange Announces Fifth HTX DAO Airdrop
The fifth round of the HTX DAO airdrop has been announced by Huobi exchange, with a focus on holders of TRX, USDT, and WSTUSDT tokens.
Moreover, this new phase demonstrates the exchange’s continued support for their DAO initiative.
The official announcement states that a snapshot of eligible users’ spot accounts will be taken at 12:00 (GMT+8) on July 30, 2024.
However, the snapshot will include the holdings of TRX, USDT, and WSTUSDT in these accounts.
Following the snapshot, the tokens will be allocated to qualified users in accordance with predefined criteria.
This is the fifth such airdrop, following the completion of four previous cycles for TRX and USDT holders on the chain.
Meanwhile, the inclusion of WSTUSDT in this round implies that the eligibility criteria have been broadened in comparison to those of previous airdrops.
Spot account holders are the intended recipients of the airdrop, which consolidates sub-account balances into the parent account for snapshot purposes.
The Huobi exchange has established minimum thresholds for participation, which exclude holdings of less than 10 USDT, 90 TRX, or 10 WSTUSDT from the airdrop distribution.
Furthermore, the token distribution will be determined by the proportion of a user’s holdings, as opposed to the platform’s total holdings, for each asset type.
The airdrop process will not disrupt regular trading activities or deposit and withdrawal services, as they have assured users.
HTX’s Rising Global Position
The exchange has also hit a significant milestone in the cryptocurrency market.
According to recent reports of the Top Crypto Exchanges by Trust Score, HTX Global has achieved the second position globally in spot trading.
The list, which contains 219 cryptocurrency exchanges, positions them barely behind industry leader Binance.
They reported a 24-hour trading volume of $2.7 billion and achieved a perfect trust score of 10/10.
Tron Network founder Justin Sun confirmed that this is the first time the exchange has achieved such a high ranking.
