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.
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