HTX launches flexible Crypto Loans and offers a prize pool of 2.7 billion in tokens

HTX has officially launched its flagship product Flexible Crypto Loans, designed to meet the growing demand for flexible financial solutions. The launch is followed by additional incentives with the initiative featuring a prize pool of 2.7 billion in HTX tokens. 

HTX launches Flexible Crypto Loans and offers prize pool of 2.7 billion in tokens

HTX has announced the launch of the flagship product Flexible Crypto Loans, to meet the growing demand for flexible financial solutions.

Along with the advantages of the product, HTX offers additional incentives with the “Borrow & Earn” initiative, with a prize pool of 2.7 billion in HTX tokens. 

“Debut of HTX flexible crypto loans! Lend now and secure your share of the $HTX 2,700,000,000 prize pool. ZERO FEES – Loans and repayments at any time!”

In practice, the users of the crypto-exchange can now access flexible loans in Tether (USDT), Bitcoin (BTC), and Ethereum (ETH), with accepted collateral assets that include the same cryptocurrencies. 

Among the advantages listed for the new Flexible Crypto Loans by HTX are dynamic interest rates, high loan-to-value (LTV) ratios, no loan limits, and zero fees. 

HTX and the Flexible Crypto Loans: the characteristics of the new product

Going into more detail, the new product by HTX aims to eliminate any concerns about crypto loans, offering flexibility along with efficiency. 

As previously mentioned, among the advantages of Flexible Crypto Loans are dynamic interest rates, which are rates adjusted in real-time based on market conditions. 

A kind of optimization compared to the traditional interest rates of crypto loans, as it helps users avoid the cost burdens of fixed rates, obtaining more favorable conditions for the entire duration of the loan. 

Another peculiarity of the new HTX product that makes it flexible is that users can borrow and repay at any time, according to their specific needs. 

The additional incentive of the “Borrow & Earn” initiative, which offers a prize pool of 2.7 billion HTX, will last from December 2 to 8. 

In practice, the user who borrows USDT through the Flexible Crypto Loans will share the prize pool of 2,700,000,000 HTX based on the proportion of their passive interest on the flexible USDT loans, compared to the total active interest of the platform from the same product.  At stake, then, HTX claims there will be a surprise bonus to make everything more exciting. 

The report on memecoin 

At the end of October, before the USA presidential elections, HTX Ventures, the investment division of the crypto-exchange, had published its report on memecoins.

Here, the general trend of the crypto sector has been analyzed as it has evolved over time, and how the category of memecoins has performed. 

In fact, the report states that memecoins have exploded since 2021 and continue to evolve despite their limited technical utility. This is despite the fact that Dogecoin (DOGE), the quintessential meme crypto, was created in 2013. 

Not only that, the report by HTX describes them as similar to infectious diseases, precisely because of how they spread so quickly within the community.