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Sun Wukong launches the first phase of the "Trading Mining" event: Participate to share a prize pool of 1.35 million USDT.
According to Deep Tide TechFlow news, on November 21, the decentralized futures trading platform Sun Wukong's first “trading mining” event will take place from 20:00 on November 21 to 20:00 on December 6 (UTC+8), with a total prize pool of up to 1.35 million USDT.
During the event, users participating in BTC/USDT, ETH/USDT, and SUN/USDT perpetual futures trading can receive additional $SUN token rewards on top of a full refund of transaction fees. Among them, Maker users can enjoy up to 108% fee refund, while Taker users can enjoy a 105% fee refund.
In addition, this event will deeply empower the $SUN token economic model. During the event, all fee income generated from users participating in the trading pairs will be used entirely to repurchase the $SUN token on the Huobi HTX platform, to support the stable growth of its value. The repurchased $SUN tokens will be fully burned, with the burning occurring at the end of each quarter (specific time to be notified separately), providing continuous deflationary effects to reward long-term supporters of the ecosystem.