HTX has opened the second phase of its TradFi Trade to Earn campaign, offering up to $80,000 in $HTX token rewards for trading 28 perpetual futures contracts linked to equities, market indices, commodities and precious metals. The exchange said fees generated by the designated contracts during the campaign will also be directed to $HTX buybacks, with the repurchased tokens scheduled for destruction through the project’s quarterly burn process.
The campaign began on Aug. 5 and is scheduled to close at 11:59 UTC on Aug. 15, according to HTX. Users must register through the campaign page before their trades can qualify for rewards.
Rewards are tied to the trading fees paid on eligible contracts rather than to a fixed rebate for every participant. HTX said Maker orders will receive rewards equal to 110% of their actual fees, while Taker orders will receive 105%. Maker orders add liquidity to an order book, usually through limit orders that wait to be matched; Taker orders execute immediately against orders already available in the market.
That structure gives participants a slightly larger reward rate for placing liquidity-providing orders, while maintaining a reward above the fee amount for both order types. The exchange has set a daily limit of up to $8,000 worth of $HTX rewards across the campaign.
Perpetual contracts span metals, oil, indices and technology stocks
The 28 contracts combine crypto-native perpetual futures trading with reference prices associated with traditional financial markets. Perpetual futures do not have a fixed expiry date, unlike conventional futures contracts, and allow traders to take long or short positions with leverage where available.
The precious-metals selection includes contracts tied to gold, tokenized gold and silver: XAU, XAUT, XAG and PAXG. Commodity-linked contracts include USOIL and BRENTOIL, which track the oil market categories commonly associated with U.S. crude and Brent crude.
HTX also included index-related contracts such as SPX500, QQQ, SOXL and EWY. These products give users exposure to price movements connected to major U.S. equity benchmarks, a semiconductor-focused leveraged equity fund, and a South Korea-focused fund, without requiring a conventional securities brokerage account.
The stock-linked portion of the offering is weighted toward large U.S. technology and semiconductor names. HTX listed contracts associated with Alphabet, Apple, Advanced Micro Devices, Microsoft, Nvidia, Intel, Micron Technology and Marvell Technology, alongside contracts tied to Strategy, Circle, SanDisk, SK hynix, SpaceX-related exposure and Chinese artificial-intelligence company Zhipu.
The concentration in semiconductor and technology-related names reflects the areas of the equity market that have drawn substantial attention from crypto traders, particularly as AI infrastructure spending, chip demand and digital-asset treasury strategies have shaped trading in public markets. The inclusion of metals and oil adds contracts whose price drivers can differ substantially from technology shares, including inflation expectations, industrial demand and geopolitical supply risks.
Fee-funded token buybacks extend the reward mechanism
HTX said all fee revenue collected from the specified TradFi perpetual futures pairs during the event will be used to buy back $HTX. The tokens acquired through those purchases are intended to be burned in the project’s next quarterly burn.
A token burn removes tokens from circulation by sending them to an address from which they cannot be recovered. In this case, the mechanism links trading activity in the campaign’s TradFi contracts to demand for $HTX in the secondary market, while reducing the number of tokens outstanding after the buyback is completed.
The arrangement also means the campaign’s economics are not limited to the immediate reward pool. Eligible traders receive $HTX incentives based on fees, while the exchange plans to use fee revenue from the same product group for market purchases and a subsequent burn. The eventual scale of buybacks will depend on actual trading activity over the 10-day period.
HTX did not state that all trades would become cost-free. Participants remain subject to trading fees, and campaign rewards are calculated from those fees under the stated Maker and Taker ratios, subject to the daily reward limit and the campaign’s conditions.
First phase recorded $63 million in company-reported volume
HTX said the first TradFi Trade to Earn campaign, held in July, generated more than 63 million USDT in volume across selected contracts and distributed more than 23,000 USDT in rewards over 10 days.
The second phase raises the stated prize pool to $80,000 and broadens the contract lineup across several asset classes. Its results will offer a clearer indication of whether short-term fee incentives can sustain activity in perpetual contracts linked to non-crypto markets, particularly for products whose underlying markets trade on different schedules and respond to different news cycles.
For participants, the practical distinction between order types remains central to the campaign’s reward formula. Limit orders that qualify as Maker activity carry the 110% ratio, while marketable orders that remove liquidity receive the 105% Taker ratio. Neither approach removes the market risks of leveraged perpetual futures, where a contract’s price can move rapidly and funding costs or liquidation rules may affect a position.
The promotion places HTX’s $HTX token mechanics alongside a growing category of crypto-platform products that package exposure to stocks, indices and commodities in derivatives form. Its immediate outcome will be measured by trading volume, reward distribution and the amount of fee revenue ultimately converted into $HTX buybacks and burned under the quarterly schedule.
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