Huobi HTX Launches 400,000 USDT Team Race for Spot and Derivatives
Huobi HTX has launched its HTX Team Race as part of the annual Summit Race, offering a 400,000 USDT prize pool split equally between spot and derivatives channels. Registration runs from November 11–26 (UTC+8), requiring teams of 5–100 members with at least 100 USDT per account. The trading phase lasts from November 26 to December 16 (UTC+8), during which the top 20 teams by total volume in each channel share a 200,000 USDT pool. Team captains receive 10% of their pool, and remaining rewards are allocated based on individual trading volumes. New users also benefit from welcome gifts, including fee cashback coupons, interest coupons, free contract positions and grid trading credits. The competition aims to boost global market engagement, reward strategic execution and amplify HTX token usage.
Bullish
The HTX Team Race is likely bullish for HTX token markets, as it drives higher trading volumes and encourages participants to hold or acquire HTX for fee payments and rewards. In the short term, increased activity and publicity can create positive price momentum. Over the longer term, sustained engagement and community growth may bolster token utility and liquidity, supporting upward price stability.