Trade.io is still in the business of spreading love to crypto lovers in their latest competition. Precisely, this competition is held by Trade.io ONLY, without any partnership from other projects. However, the competition is frequented upon the addition of NEO and EOS blockchains ontrade.io's exchange.
Fifty lucky traders that have what it takes to outperform the requirements - via high volumes and returns will obtain their own share of 5 Bitcoins. Unfortunately, the newly listed coins won't be included upon increasing the trader's volume and returns. Rather, traders are free to trade on other coins available on the trade.io exchange.
The rules for this competition are fairly honest and straightforward. First off, all new and existing users are automatically eligible for this competition. Perhaps you don't have a trade.io account, you can legitimately sign up for one here
Thereafter, contestants should make sure they have a minimum starting balance of at least 0.1 Bitcoin, or any currency equivalent to this. Anything lower than 0.1 Bitcoin will not be accepted for this competition.
Also, contestants will need to trade with a minimum of 500 US dollars or any currency equivalent to this fixed amount.
The competition won't last forever, it was kicked off on February 18th, at exactly 8:00 AM GMT, and ends on 28th February (5 more days to go at the time of this writing). Nevertheless, there's still time for traders to jump on this competition as it will run till February 28th, at 0:01 AM GMT.
How To Be Eligible For This Competition
In order to be a part of this competition, crypto traders must complete the following requirements:
Firstly, this competition is available to all new and existing Trade.io users. This implies that anyone can be a part of this exercise as long as you have a Trade.io account. In case you don't have one, feel free to quickly get one here at 0 cost.
Secondly, contestants must ensure they have a minimum starting balance of 0.1BTC.
And lastly, contestants must trade a minimum volume of 500 USD respectively.
Calculating the performance score is relatively uncomplicated. If a trader begins to contest with 1 Bitcoin (or currency equivalent) and ends it with 2 Bitcoin (or currency equivalent), the trader will have a 100% return. Moreover, if 100% is the largest percentage increase in assets balance amongst all traders, this trader will receive a performance score of #18 source
Illustrations On How Traders Will Be Rewarded
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.
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.
Example #3:
You have a -235% return for your performance but no one else in the competition had a higher rate of return. Your score for performance is #1. Your volume traded was equivalent to USD 600 with a volume score of #726. Your overall ranking would then be equal to 1x726 = 726. If no one else in the trading competition had a ranking less than 726 you would be the winner of the 1.5 BTC.
Prizes
| Ranking | Prizes | |||
|---|---|---|---|---|
| 1 | 1.5 | |||
| 2 | 0.7 | |||
| 3 | 0.3 | |||
| 4-9 | 0.15 | |||
| 10-20 | 010 | |||
| 30 to random | 0.5 evenly split |
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Disclaimer:
This is not financial advice. Please do you own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.