TLDR
- HTX has launched a $100 million USDT airdrop campaign called “Sail Together” to support traders affected by the recent market crash.
- The initiative is open to global traders who suffered at least 100 USDT in losses between October 9 and October 11.
- Eligible users must register on HTX and complete Level 1 KYC verification before the campaign ends on November 15.
- HTX will distribute futures coupon packages ranging from 50 to 5,000 USDT based on verified trading losses.
- The airdrop aims to help traders recover from the $19 billion market liquidation triggered by geopolitical tensions.
HTX has launched a $100 million USDT airdrop to support traders affected by the $19 billion crypto market crash. The campaign, named “Sail Together,” will run until November 15 and targets users with verified losses. Traders must meet specific criteria, including minimum losses and KYC requirements, to qualify for the aid.
HTX Introduces “Sail Together” for Global Traders
HTX confirmed the airdrop on October 20, aiming to help traders recover from the October 11 crypto market liquidation. The market saw over $19 billion in leveraged positions wiped out within hours due to global financial tensions. HTX stated that the initiative is open to users across all platforms and regions.
To qualify, traders must have incurred at least 100 USDT in losses between October 9 and October 11. HTX will require participants to register for an account and complete Level 1 KYC verification. Only verified participants will be able to receive airdrop rewards.
HTX will distribute futures coupon packages ranging from 50 to 5,000 USDT, based on trading loss size. Traders must also submit screenshots to validate their losses during the eligibility window. The coupon value depends on the user’s post-registration activity on HTX’s futures platform.
On October 11, the crypto market experienced one of the largest liquidations in its history, severely impacting retail and institutional traders. Bitcoin, which had recently touched $124,000, sharply dropped to $104,000 during the crash. Market sentiment declined rapidly after geopolitical tensions spurred panic among investors.
HTX designed the “Sail Together” campaign to restore user confidence and offer tangible recovery tools to affected traders. According to HTX, “Through tangible incentives and genuine support, HTX aims to help users quickly recover from setbacks.” The exchange emphasized its commitment to long-term user support and industry stability.
HTX explained that the initiative also encourages collaboration across the sector to promote sustainable crypto growth. By offering targeted support, HTX hopes to reduce financial stress among impacted traders. The airdrop represents a strategic move to stabilize HTX’s community and improve engagement.
Binance Also Responds with Support for Impacted Users
Binance has launched a $400 million relief package, titled the “Together Initiative,” in response to the market crash. The program offers $300 million in token vouchers to retail traders whose losses exceeded $50, and 30% of their accounts. The remaining $100 million supports institutional clients with low-interest loans.
While HTX focuses on futures coupons, Binance’s aid combines retail and institutional benefits for broader market impact. Both initiatives demonstrate an industry-wide response to mitigate user losses from extreme volatility. HTX and Binance are now leading relief efforts in an attempt to strengthen the resilience of the crypto sector.
HTX’s $100 million USDT campaign remains a central focus as traders seek compensation for the unprecedented liquidation losses. The exchange has outlined transparent requirements and aims to deliver timely support. HTX continues urging industry peers to contribute to long-term market recovery and user protection.
