HTX Launches ALLO/USDT Perpetual Contract & $10K Trading Party
HTX has listed the ALLO/USDT perpetual futures contract with up to 20x leverage. To celebrate the launch, HTX is hosting an ALLO trading party from November 12 to November 19 (UTC+8) boasting a $10,000 prize pool. Traders who register and reach a cumulative trading volume of at least 10,000 USDT in the ALLO/USDT perpetual contract will share rewards based on their ranking. Additionally, new users engaging in ALLO/USDT perpetual trading will receive exclusive bonuses. This initiative aims to stimulate ALLO trading activity, attract leveraged traders, and enhance platform liquidity through targeted trading incentives and competitive rewards.
Bullish
Listing a new perpetual futures contract traditionally drives trading volume and platform engagement, reflecting bullish sentiment. The introduction of ALLO/USDT perpetual with up to 20x leverage provides traders with more speculative tools to capitalize on price movements. Coupled with a $10K prize pool and tiered incentive structure, this launch is expected to boost short-term trading activity, especially among high-frequency and leveraged traders. Historically, exchange promotions offering prize pools—such as Binance’s new pair campaigns—have led to spikes in both volume and token prices. Over the long term, consistent incentives and product diversification can enhance ALLO’s liquidity and adoption, potentially stabilizing trading interest. Overall, the move signals growing confidence in ALLO’s market potential and should support a bullish trading environment.