–News Direct–

On April 28, HTX officially launches the brand-new "Trade to Earn" event. While trading BTC with negative fee rates, users can share a daily $HTX prize pool worth 200,000 USDT with non-stop rewards in 7*24 hours. This upgraded event marks a significant innovation in HTX's user participation mechanism. HTX aims to provide more users with diverse and fair participation opportunities and improve their trading experience.

HTX's Trade to Earn event includes spot trading and futures trading. Users can trade BTC/USDT in spot and BTCUSDT perpetual in futures to share respective daily $HTX prize pools worth 100,000 USDT. Participants must have a Rocket count of 300 and successfully register on the event page. After registration, you'll receive a random airdrop reward ranging from 1 to 88 USDT in futures trial bonuses.

In addition to concurrent spot and futures trading, HTX's Trade to Earn proposes an innovative 24/7 reward mechanism. The daily prize pool is divided into 24 portions, with a new portion released every hour to ensure that users have equal participation opportunities at different times. It should be noted that rewards in the hourly prize pool every day are given on a first-come, first-served basis, determined by the actual fee generation time of participants' trades.

According to the announcement, the event runs from 12:00:00 (UTC) on April 28, 2024, to 11:59:59 (UTC) on May 5, 2024. The "Trade to Earn" event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Eligible users can claim their rewards of $HTX after the time.

Furthermore, the reward ratio for Maker orders is 110%, while the reward ratio for Taker orders is 105%. The maximum daily reward per participant is 3,000 USDT for Spot "Trade to Earn" and 5,000 USDT for Futures "Trade to Earn".

Notably, all net fees generated from trading BTC/USDT in spot and BTCUSDT perpetual in futures during the event will be used for $HTX buybacks and burns to support the stable $HTX appreciation.

It is reported that since HTX launched the Spot "Trade to Earn" event, it has garnered broad user participation and received positive feedback. In the recent Futures "Trade to Earn" – Bitcoin Halving Special Edition, 100,000 USDT trading rewards were distributed within 10 minutes. In the future, as one of the world's leading crypto exchanges, HTX will consistently adhere to the principle of prioritizing users, providing users with richer and higher-quality trading services through continuous innovation and optimization, thereby propelling the sustainable development of the cryptocurrency industry.

About HTX Exchange

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. The platform's growth strategy – "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance", underpins its commitment to providing quality services and values to virtual asset enthusiasts worldwide.

About HTX

Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.

Contact Details

Michael Wang

[email protected]

Company Website

https://www.htx.com/

View source version on newsdirect.com: https://newsdirect.com/news/htx-launches-new-trade-to-earn-trade-btc-with-negative-fee-rates-and-share-200-000-usdt-daily-with-nonstop-rewards-in-7-24-hours-891177631

HTX

COMTEX_451555802/2655/2024-04-28T10:24:40

MACAU, CHINA / ACCESSWIRE / April 27, 2024 / On 22 April 2024, CertiK, a leading blockchain security audit firm, passed its audit of MicrovisionChain (MVC), marking a significant milestone as the first UTXO model-based solution to complete an audit in the industry. MVC, also known by its token symbol SPACE, features the same architecture and Proof of Work (PoW) consensus mechanism as Bitcoin. It expands Bitcoin’s functionality by incorporating Turing-complete smart contracts and enabling decentralized applications through the UTXO model. The successful audit by CertiK underscores MicrovisionChain’s dedication to upholding high standards of contract security and reliability, reinforcing its commitment to enhancing the Bitcoin ecosystem.

https://twitter.com/mvcglobal/status/1782299924488650785

Extensive MVC Audit: Security, Code Quality, Logic, Interactions, and Compliance

CertiK conducted a security assessment on the MVC project, which included the following key components

Token-core: The smart contracts related to the token economy, including the genesis contract for minting fungible tokens and the logic for additional mint features.

NFT-core: The smart contracts pertaining to non-fungible tokens (NFTs), including the structure for NFT unlocking scripts, NFT insurance, and NFT transfer mechanisms.

Mvcdao-core: The contracts associated with the MVC-DAO, which includes the main entry contract and operation contracts for the voting system, stake management, and other governance functionalities.

The audit covered a comprehensive examination using manual review and static analysis techniques, focusing on:

1.Testing smart contracts against common and uncommon attack vectors.

2.Assessing codebase compliance with best practices and industry standards.

3.Ensuring contract logic aligns with client specifications.

4.Cross-referencing contract structures against industry leaders’ smart contracts.

5.Thorough line-by-line manual review by industry experts.

Specific areas of focus within the audit included centralization risks, logical issues, denial of service vulnerabilities, design issues, and checksum calculations for the files in the codebase. The audit also provided recommendations for enhancing security and transparency, such as implementing timelocks, multi-signature wallets, and DAO governance structures.

Audit Approach: Static, Dynamic Analysis, and Beyond

CertiK’s audit of the MVC project involved a meticulous examination that integrated both manual review and static analysis techniques. The process included a line-by-line code inspection by industry experts, automated scanning for common vulnerabilities, testing against a spectrum of attack vectors, ensuring adherence to industry best practices, and verifying that contract logic conformed to the client’s specifications. The audit also entailed a comparison of the contract structures with those of industry leaders and provided detailed recommendations to address discovered issues. Special consideration was given to centralization risks, and the audit report included a thorough examination of the codebase with specific file checksums, identified commits, and a disclaimer about the report’s purpose and limitations. The goal was to enhance the security and quality of the MVC project, offering constructive feedback for continuous improvement.

Securing MVC’s Blockchain Project through CertiK Audit

MVC might choose to engage with CertiK for a variety of reasons, primarily focused on bolstering the security and integrity of their blockchain project. By undergoing a security audit and verification process provided by CertiK, MVC can ensure that their smart contracts are robust against vulnerabilities, thereby building trust and credibility with investors and users. This collaboration can also serve to mitigate risks, meet compliance standards, secure necessary insurance coverage, and differentiate MVC in a competitive market. Moreover, it can signify a commitment to continuous improvement, community engagement, and adherence to best practices within the blockchain industry.

MVC’s Big Picture: Launching the Proof of Build Program

Looking ahead, MicrovisionChain is set to launch its Proof of Build program, aiming to attract developers within the Bitcoin ecosystem to collaboratively expand and enhance the platform. This initiative will focus on fostering a community of developers committed to building and refining the capabilities of the Bitcoin sidechain.

MVC has recently launched an asset bridge that is interoperable with Bitcoin. This new feature can be accessed via the link provided: https://app.orders.exchange/bridge. The asset bridge addresses the issue of transaction congestion within the Bitcoin ecosystem, which includes BRC20 tokens, Runes, and other assets. Jason Kwok, co-founder and COO of MicrovisionChain, commented on their strategic plans: “We are actively planning to collaborate with renowned custodial institutions and execute strategic campaigns to achieve higher Total Value Locked (TVL) targets. These efforts are crucial as we aim to expand our reach and solidify our platform’s position in the digital asset ecosystem.”

In closing, it’s significant to observe the dramatic increase in SPACE’s address base, skyrocketing from 30,000 to 400,000 in just two months. This rapid growth not only reflects the escalating market interest but also positions MVC to become one of the most watched projects within the Bitcoin ecosystem, showcasing its potential to lead the way in innovation and security.

Contact Person: Jason Kwok

[email protected]

https://www.microvisionchain.com/

SOURCE: Microvision chain