1. Time of the first snapshot: 00:00 (UTC+8) on December 31, 2023
2. Time of the first airdrop: January 31, 2024 (UTC+8)
3. Snapshot is based on Rockets
The airdrop will be distributed based on your Rockets, in line with market expectations. Rockets are the USDT equivalent of your average assets on HTX over the past 30 days. You will be familiar with it if you have participated in HTX’s PrimeVote.
To calculate your current Rockets, simply add up the asset balance for each of the past 30 days and divide the total by 30. One USDT equals one Rocket. The more assets you have on HTX, the higher your Rockets. Additionally, holding specific tokens can amplify your Rockets. For example, holding TRX and HT provides a 3x multiplier, while holding BTC and ETH provides a 1.2x multiplier. Therefore, holding TRX and HT will augment your Rocket most efficiently.
4. A lock-up period of 12 months
The airdrop is distributed on the last day of each month, with a lock-up period of 12 months. This is a standard and understandable practice. Notably, the unlocking rule is special – Rockets on subsequent snapshots cannot be lower than those on the first snapshot on December 31, 2023 (UTC+8). Otherwise, your airdrop rewards will decrease proportionally.
Suppose I have 1,000 Rockets on my first snapshot. If the ratio is 1:12, I can claim 12,000 airdrop rewards, with 1,000 each month. On January 31, 2024 (UTC+8), if my Rockets drop to 500, my unlocking rewards will be reduced to 500 accordingly, and the remaining will no longer be distributed. On the other hand, if my Rockets surpass 1,000, I will be able to unlock 1,000 airdrop tokens. On the last day of each month, a snapshot is taken, and rewards are distributed accordingly.
This rule is designed to prevent fraudulent behaviors. If users make substantial deposits to HTX before the snapshot and withdraw them later, it doesn’t provide much value to the platform, yet they receive the rewards for doing so. Unlocking based on monthly snapshots can ensure user assets remain on HTX for at least 12 months.
As long as your snapshot Rockets in the following 12 months are not lower than the initial value, you can claim your rewards in full amount. This means you will collaborate with HTX over the next year.
5. Airdrop projects and ratio yet to be revealed
The airdrop ratio (the number of tokens equivalent to one Rocket) and project details will be announced before the airdrop takes place.
6. Rockets boosters for loyal users
Loyal HTX users will receive boosters of 2%, 5%, or 10% for their Rockets, based on factors such as registration time, number of trading days, trading volume, Maker order trading volume, and the number of referrals. The booster percentage increases with a longer registration time, more trading days, larger trading volume, and more referrals. Simply put, the more contribution you make in 2023, the higher your booster percentage will be. See below for details.
New users also have the opportunity to receive airdrops, albeit without the booster tied to registration time compared to existing users. (It remains unclear whether new users will have exclusive benefits.) Boosters from trading days, trading volume, and referrals still can be accumulated in the two weeks before your initial snapshot. If you started participating when Justin announced the airdrop, your timing is perfect. Even after the airdrop rules are revealed, you still have two weeks to accumulate your Rockets. So act fast if you want to receive the airdrop rewards.
In conclusion, the rules for HTX’s epic airdrop are evidently designed to favor its loyal users. Since Justin joined HTX, users supporting HTX have been given the highest level of respect. This aligns with the approach of airdrops by all major projects, providing the most benefits to genuinely loyal users.
