Trade.io is giving away a whopping 5 BTC to crypto traders in their latest competition dubbed love crypto.
The competition starts today Monday 18 and runs for ten days until the 28th of this month.
To show our undying love for you and crypto, we're giving away Bitcoin in another trade.io competition that's sure to sweep you off your feet.
The total prize fund is 5BTC which will be shared among 50 winners where the first prize is a whopping 1.5 BTC.
Source: Trade.io Twitter
What’s this competition about?
Trade.io has organized many crypto related competitions in the past and this one is purposely for crypto traders.
This competition is set up in celebration of Trade.io's addition of NEO and EOS blockchains to the exchange.
We've added NEO, EOS, and GRIN, and now we're giving you another reason to smile with the gift of Bitcoin. Trade ANY coin our exchange (not just NEO or EOS) for your chance to win BTC!
As stated above, you can trade any coin on the exchange as long as you meet the requirements for the competition.
How can I enter?
All crypto traders will be automatically entered into this competition once they complete these criteria below.
1.Have a Trade.io account
This competition is open to all existing and new Trade.io users. The existing users automatically qualify by signing in and the new users must sign up now which is very easy and quick.
2.Minimum starting balance of 0.1 BTC
The traders should ensure that they have a minimum starting balance of 0.1 BTC (or currency equivalent).
3.Minimum trading volume of 500 USD
There has to be a minimum volume of 500 USD (or currency equivalent) maintained by every trader who wants to win in this competition.
As you can see above, I already have an account and I just have to start trading and be eligible for the competition. If you do not have an account with Trade.io, then sign up now.
Rules of engagement
The contestants will need to crush the competition in two areas and that is performance score and volume score.
1.Percentage Score
The percentage score is easily explained in this next sentence below.
If you start with 1 BTC and end with 2 BTC, this will give you 100% return. If 100% is the highest percentage increase in asset balance of all contestants at the end of the competition, you will receive a performance score of #1.
2.Volume Score
Works the same as the performance score, but based on volume.
If you traded 10,000 USDT in volume and no one else traded more than this amount, you will receive a volume score of #1.
The overall store is then calculated by multiplying the two scores. The account with the lowest overall score wins!
Let me show some examples below of thow the winner will be selected as shown from the Trade.io Competition page.
Example #1
You scored #1 in performance and scored #1000 in volume. So 1x1,000 will give you an overall score of #1,000. If 1,000 is the lowest score, you will be ranked overall #1 and eligible 1.5 BTC.
Quoted from Tradeio website
Example #2
You scored #40 in performance, but scored #3 in volume. 40x3 will give you an overall score of #120. If #120 in the overall score is ranked #40 in the competition, you will not receive a guaranteed prize, however you will be entered into a random draw raffle where 30 lucky winners will split 0.5 BTC evenly.
Quoted from Tradeio website
Prizes Breakdown
Here below is an image that shows how the winners
source: Trade.io Medium
If you have not yet signed up for this competition please do it now to stand a chance to win 1.5 BTC or be among the top 50 winners.
You can check out these links below to find out more about this competition.
Love Crypto Competition: https://competitions.trade.io/love-crypto
Sign up on Trade.io: https://exchange.trade.io/auth/register
Trade.io Compensation Tweet:
https://twitter.com/TradeToken/status/1097410313526411264
- TradeToken
Trade.io Twitter Account: https://twitter.com/TradeToken
Love
Jarau Moses