HTX Launches $100 Million USDT Airdrop After $19 Billion Liquidation Event
The move follows Binance’s $400 million package in a broader push by exchanges to stabilize users after the Oct. 11 wipeout.
Overview
- HTX opened its Sail Together campaign on Oct. 20 with claims accepted until Nov. 15.
- Eligibility targets traders who lost at least 100 USDT between Oct. 9 and Oct. 11, regardless of platform or region.
- Payouts come as futures coupons worth 50 to 5,000 USDT, calibrated to verified losses and subsequent HTX futures activity.
- Applicants must register for an HTX account, complete Level 1 KYC, and submit screenshots documenting losses to receive coupons.
- The industry response follows a market rout that erased over $19 billion in leveraged positions and includes Binance’s $400 million support split between retail vouchers and institutional loans.