Introduction
Running a successful project in the crypto industry is extremely challenging, the competition is fierce, and the innovation never stops due to new projects constantly developing new ideas and all sorts of innovations.
When it comes to exchanges, attracting traders is the difference between the project being successful or not, this is the reason why a lot of exchanges are always figuring out which features to add in order to be as appealing as possible.
In the past, I wrote several articles about a particular exchange called Trade.io, that is always innovating with cool features such as a liquidity pool, and very recently, they decided to approve a buyback program that will allow them to purchase up to 2.5M TIOx tokens, which means they are completely confident regarding the future of their project.
Not only that, a few weeks ago they had a competition with a total prize of 130,000 USD that I wrote about here, and today, I am glad to announce they are hosting another competition!
Details about the latest competition of Trade.io
What is this competition all about?
It is basically a trading competition to encourage crypto traders and general crypto users to place orders in the Trade.io exchange platforms and experiment with it. Trading is a very valuable activity and those that can manage to master it can receive a lot of benefits if they make good trades.
The orders can be placed with any trading pairs available in Trade.io, which means there will be a lot of options because this project has a lot of different cryptocurrencies available for its users.
Who can participate?
Everyone with a Trade.io account can participate, even if the account is created after the competition started, so those that don’t have their own account, they can create it by clicking here and following that procedure.
What about the prizes?
This is one of the best parts of this competition, in total the prize that will be received by the winners is 5 BTC, distributed in the following way:
- First place: 1.5 BTC
- Second place: 0.7 BTC
- Third place: 0.3 BTC
- 4 to 9 places: 0.15 BTC
- 10 to 20 places: 0.1 BTC
- 30 lucky users will randomly receive 0.5 BTC each.
In total, the 5 BTC will be distributed between 50 lucky users!
How the winners are chosen?
There are 2 types of users that will receive a prize, those that earn their prize based on their trading skill, and the 30 lucky and randomly selected users that will receive 0.5 BTC each.
In the case of the 30 lucky randomly selected winners, there is a single condition that they will have to fulfill which is to trade at least 500 USD during the competition
The rest of the winners (those that earn a prize thanks to their trading skills) will have to compete with each other in achieving the maximum return in their trades, and in trading the highest volume of cryptocurrencies.
Both factors (returns and volume) are of equal importance in determining the final position of the participants and the corresponding prize.
What is Trade.io planning to achieve?
For me it is very clear they want crypto traders to check out Trade.io platforms so they can familiarize themselves with it, and hopefully adopted for their future trading activities, offering prizes to users for using the platform can end up paying in the long term if this results in an increase in the number of active users.
The competition will end on February 28, so there are still a few days to participate for those who are interested!
More information about this competition can be found on the official website: https://competitions.trade.io/love-crypto
DISCLAIMER
This is not a financial advice. Please do your own research before investing in cryptocurrencies or any digital asset. This blog post is done for entertainment and knowledge purpose only.