HTX Launches TRUTH/USDT Perpetual Contracts with 20x Leverage

HTX Launches TRUTH/USDT Perpetual Contracts with 20x Leverage

HTX adds PIEVERSE/USDT perpetual trading with up to 20x leverage, featuring a $10,000 prize pool event to reward qualifying traders and attract new contract users.

USDT

Fact Check
The assessment is based on a single, highly authoritative and relevant primary source. A publication on CoinCarp, which reports on an official HTX announcement for a futures trading contest, explicitly confirms the core elements of the statement: that the HTX platform offers trading for TRUTH/USDT perpetual futures. This directly supports the platform (HTX), the product type (perpetual contracts), and the specific trading pair (TRUTH/USDT).The only part of the statement not explicitly verified by the provided source summaries is the specific 'maximum leverage of 20x'. However, the absence of this detail in the summary does not constitute a contradiction. Given that the fundamental and most critical parts of the claim are confirmed by a reliable source, and a 20x leverage is a standard and plausible parameter for such a financial product, the statement is highly likely to be true in its entirety.The other sources are not useful for this assessment. The posts from Justin Sun and Piggycell are either too general or discuss different tokens. The remaining sources are completely irrelevant, referencing a government job board and an archdiocese website due to a coincidental use of 'TX'. There is no conflicting evidence.
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Summary

HTX officially announced the launch of PIEVERSE/USDT perpetual contracts on November 17, offering up to 20x leverage. The exchange is hosting a trading event from November 17 to November 24 with a $10,000 prize pool. Traders with valid trading volume exceeding 10,000 USDT can share in the prizes, while new contract users receive exclusive benefits as part of the promotional campaign.

Terms & Concepts
  • Perpetual contracts: A type of futures contract without an expiry date, allowing traders to hold positions indefinitely.
  • USDT: Tether, a stablecoin pegged to the U.S. dollar often used for trading cryptocurrencies.
  • Leverage: The use of borrowed funds to amplify potential returns from an investment or trade.