The digital asset trading landscape continues to evolve as leading platforms expand their offerings to meet growing market demand. On January 7, 2025, HTX (formerly Huobi) officially launched the VIRTUAL/USDT perpetual contract, marking a significant milestone for traders interested in emerging digital assets. The new derivative product is now live, with trading commencing at 18:00 UTC+8 and offering up to 20x leverage for enhanced flexibility.
This launch aligns with HTX’s broader strategy to strengthen its derivatives ecosystem and attract both new and experienced traders. Accompanying the listing is a week-long VIRTUAL contract trading event—running from January 7 to January 14, 2025—featuring a total prize pool of 12,000 USDT in rewards. The campaign aims to boost engagement and onboard users into the fast-growing world of perpetual contracts.
Key Features of the VIRTUAL/USDT Perpetual Contract
The VIRTUAL/USDT perpetual contract allows traders to speculate on the price movements of the VIRTUAL token without an expiration date. With support for up to 20x leverage, users can amplify their positions and potentially increase returns, though risk management remains crucial due to the amplified volatility.
Perpetual contracts have become a cornerstone of modern crypto trading due to their flexibility, liquidity, and alignment with spot market trends. By introducing this instrument, HTX reinforces its position as a competitive player in the global derivatives market.
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VIRTUAL Contract Trading Event: How to Participate and Earn Rewards
HTX has structured the trading event into three distinct reward tiers, each designed to incentivize different user behaviors—from onboarding new traders to rewarding loyal community members.
1. New User Welcome Bonus
First-time contract traders who execute a minimum trade of 100 USDT in the VIRTUAL/USDT market will receive a 3 USDT equivalent in $HTX tokens. This incentive lowers the barrier to entry and encourages novice traders to explore futures trading in a supported environment.
2. Exclusive Benefits for Community Members
Active users and fans of the platform can claim additional rewards through two separate actions:
- Asset Transfer Reward: Users who transfer at least 100 USDT (net amount) into their contract account are eligible for 1–10 USDT worth of $HTX tokens.
- Trading Activity Bonus: Completing five or more open and close transactions in the VIRTUAL/USDT market unlocks another reward tier of 2–10 USDT in $HTX.
These layered incentives promote both capital commitment and active participation, fostering deeper engagement with the platform’s contract trading tools.
3. Main Trading Party Campaign
The centerpiece of the event invites all eligible users to compete for a share of the prize pool based on cumulative trading volume. Participants who achieve a total effective trading volume of at least 10,000 USDT in the VIRTUAL/USDT pair will be eligible for an airdrop of up to 200 USDT in $HTX tokens.
It's important to note that users must register for the event before becoming eligible for any rewards. This ensures transparency and allows HTX to verify participation accurately.
Why VIRTUAL Is Gaining Market Attention
VIRTUAL is increasingly recognized within the decentralized digital economy as a project focused on virtual world integration, digital identity, and immersive online experiences. As interest in metaverse-related assets grows, tokens like VIRTUAL are drawing attention from speculative traders and long-term investors alike.
The introduction of a perpetual contract on a major exchange like HTX enhances price discovery, improves market liquidity, and provides hedging opportunities for holders. It also signals growing institutional-grade infrastructure supporting niche but promising blockchain projects.
Tips for Safe and Effective Perpetual Contract Trading
While high-leverage trading offers profit potential, it also carries increased risk. Here are some best practices for traders engaging with perpetual contracts:
- Start small: Especially for beginners, using lower leverage helps manage downside exposure.
- Use stop-loss orders: Automating risk controls can prevent significant losses during sudden market swings.
- Monitor funding rates: Perpetual contracts include periodic payments between long and short positions; understanding these dynamics helps avoid unexpected costs.
- Stay informed: Follow project updates, market sentiment, and macroeconomic factors influencing crypto prices.
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Frequently Asked Questions (FAQ)
Q: What is a perpetual contract?
A: A perpetual contract is a type of futures contract that has no expiration date. Traders can hold positions indefinitely as long as margin requirements are met, making it ideal for both short-term speculation and longer-term directional bets.
Q: How do I qualify for the VIRTUAL trading event rewards?
A: To qualify, you must first register for the event on HTX. Then, complete the required actions—such as making your first contract trade, transferring funds, or reaching a minimum trading volume—to unlock corresponding rewards.
Q: When does the VIRTUAL/USDT perpetual contract start trading?
A: Trading began on January 7, 2025, at 18:00 UTC+8 on HTX.
Q: Is there a maximum reward I can earn?
A: Yes. The highest possible reward from the airdrop tier is equivalent to 200 USDT in $HTX tokens. Additional bonuses from other categories may stack depending on eligibility.
Q: Can I participate if I’m not a new user?
A: Absolutely. While there’s a special bonus for first-time contract traders, most event tiers—including asset transfers and volume-based rewards—are open to all registered users who meet the criteria.
Q: What is $HTX?
A: $HTX is HTX’s native utility token, used for fee discounts, governance rights, and participation in platform events. Earning $HTX through campaigns adds value beyond immediate cash rewards.
Final Thoughts
The launch of the VIRTUAL/USDT perpetual contract represents more than just a new trading pair—it reflects the ongoing maturation of crypto derivatives markets. With structured incentives, accessible entry points, and robust infrastructure, HTX is positioning itself as a go-to destination for innovative digital asset products.
As the line between virtual economies and traditional finance blurs, instruments like perpetual contracts will play a critical role in enabling efficient price discovery and risk management.
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