Huobi HTX launched BIRB/ USDT and SOMI/ USDT perpetual contracts on January 29th, with a maximum leverage of 20x, and also opened a contract trading competition with a total prize pool of 20,000 USDT.
The event will take place from 2:00 PM on January 29th to 2:00 PM on February 5th (Vietnam time). Registration is required, and participants must achieve a minimum valid volume to Chia rewards based on their ranking.
- Listed perpetual contracts BIRB/ USDT and SOMI/ USDT, with maximum leverage of 20x.
- The contract trading competition takes place from January 29th to February 5th (Vietnam time), with a total prize pool of 20,000 USDT.
- Conditions: registration, trading, accumulated valid volume ≥10,000 USDT; rewards are Chia according to ranking.
New products: BIRB/ USDT and SOMI/ USDT perpetual
Huobi HTX launched BIRB/ USDT and SOMI/ USDT perpetual contracts on January 29th, applying a maximum leverage of 20x for both.
The announcement stated that both contract pairs are perpetual contracts and use USDT as the pricing unit. The maximum leverage is 20x, suitable for traders who want to increase their position exposure, but also means higher volatility risk when using leverage.
Contract trading competition: time, conditions, prizes
The BIRB and SOMI contract trading contest will take place from 2:00 PM on January 29th to 2:00 PM on February 5th (Vietnam time), with a total prize pool of 20,000 USDT.
During the event, users need to complete registration and participate in trading BIRB/ USDT or SOMI/ USDT contracts. The minimum requirement to be eligible for the reward is a cumulative active volume of ≥10,000 USDT.
The prize money is Chia based on participants' volume rankings, according to a 20,000 USDT prize pool Chia mechanism. The announcement also stated that new contract users will receive exclusive benefits, but did not specify the level or form of the incentives.
