Huobi HTX has launched 5 new USDT perpetual contracts
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AT A GLANCE
Huobi HTX has launched 5 new USDT perpetual contracts and launched a trading competition with a total prize pool of 1000000000 tokens HTX.
Article
Huobi HTX has launched KIOXIA、MSTU、SECZ、MP、ACNSTOCK Perpetual contracts
PANews September 29 reported that, according to an official announcement, Huobi HTX has September 29 launched KIOXIA/USDT、MSTU/USDT、SECZ/USDT、MP/USDT、ACNSTOCK/USDT perpetual contracts, supporting 1-20 x long and short positions. At the same time, from now until October 8 15: 00（UTC+8), Huobi HTX has launched a new-contract trading competition. Users who register, trade the contracts of the participating tokens, and meet the specified threshold will have the opportunity to share 1000000000 tokens from the$HTX total prize pool.
PANews reported that Huobi HTX has, as of September 29 launched KIOXIA/USDT、MSTU/USDT、SECZ/USDT、MP/USDT、ACNSTOCK/USDT perpetual contracts.
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The relevant contracts support 1 to 20 x long and short positions.
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The activity runs from now until October 8 15: 00（UTC+8）。
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According to the original wording, users who register, trade the contracts of the participating tokens, and meet the specified threshold will have the opportunity to share 1000000000 tokens from the HTX total prize pool.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A perpetual contract is a contract trading product with no fixed expiration date. Going long means betting that the price will rise, while going short means betting that the price will fall; 1 to 20 x leverage will amplify both potential gains and losses. The news also includes a trading activity that requires registration and meeting a threshold.
Why it matters to readers
The addition of new contracts has expanded Huobi’s HTX range of tradable products, and the trading competition may also attract users to trade the relevant contracts; however, the original text does not provide actual trading volume, liquidity, open interest, or price performance.
Beginners should first understand the risks of leverage and forced liquidation, should not equate the size of the prize pool with the reward they may personally receive, and should not trade solely because of a launch or activity announcement.
Risks and unknowns
The original text only states that the news came from an official announcement, but does not include the announcement itself; the specific contract rules cannot yet be verified.
The specified trading threshold, reward allocation method, and other restrictions for the activity were not stated.
No liquidity, trading volume, open interest, or price data were provided for the relevant contracts.
The original text does not state the years to which September 29 and October 8 belong.
High leverage amplifies losses, but the original text does not provide specific risk parameters such as forced liquidation.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
