The KTOS token has been officially listed on a Hong Kong-based cryptocurrency exchange Trade.io, and to kick off the first trade event of the year, the company has partnered with the trading giants to host a massive trade-and-win competition and airdrop giveaway on the Trade.io platform.
Trade.io's Chief Operations Officer, Roy Gutshall, is optimistic that the competition is timely and mutually beneficial to both KRATOS and Trade.io as it seeks to reward the existing community of traders on the exchange (as one of the strong values of Trade.io), and will bring more attention to the projects as they look to retain more users with their excellent services!
We’re thrilled to be launching the trading competition as it adds diversity to our already innovative portfolio of key services and brings value to our TIOnauts who have been eagerly anticipating our next move... It has been a pleasure to work with KRATOS during their ICO and we are excited to see the evolution of their project with the listing of KTOS on the trade.io Exchange. We believe this generous airdrop and attractive trading competition, will help further promote the adoption of both trade.io and KRATOS platforms. We thank KRATOS for their continued support and opportunity to share in their continued success. -- Roy Gutshall.
KTOS is the official ticker name for the utility token on KRATOS, a blockchain-based peer-to-peer trading platform for physical commodities. KRATOS seeks to utilize blockchain technology to ensure a high degree of transparency, efficiency and to significantly lower the costs and complexities involved in world trade of physical commodities.
According to the announcement tweet on Trade.io's official Twitter handle, 100 lucky traders will be awarded 1 Million KTOS tokens worth about $130,000. The rewards distributed to each trader will be based on the volume of trades achieved with any of the listed KTOS trade pairs on the Trade.io exchange.
The event started on the 22nd of January and will endure for a total of 10 days to b brought to an end on the 1st of February 2019. Already existing account holders on Trade.io were airdropped 75 KTOS tokens each to kickstart the competition.
How To Participate!
Users who wish to participate must sign up to the Trade.io Exchange by 22nd January to have been eligible for the 75 KTOS airdrop on each account on Wednesday 23rd January. If you missed that, you can still participate by signing up, depositing funds to buy some KTOS tokens to start trading.
● KTOS was listed on Trade.io on the same day (Wednesday 23rd January) and deposit and withdrawals was opened immediately to allow users to purchase more tokens to compete and increase their chances of winning. Note that Clients automatically opt-in to the Competition by trading the asset being offered.
● The competition will take place for a total of 10 days, from 22nd January – 1st February.
Below is a list of the awards for traders, ranked according to the volume of KTOS tokens traded in descending order.
| Final leaderboard position | Prizes |
|---|---|
| 1st position | 200,000 KTOS |
| 2nd and 3rd position | 70,000 KTOS |
| 4th to 10th position | 35,000 KTOS |
| 11th to 20th position | 20,000 KTOS |
| 21st to 50th position | 5,000 KTOS |
| 51st to 80th position | 1,500 KTOS |
| 81st to 100th position | 1,000 KTOS |
Traders will be able to monitor their position on the competition's leaderboard by checking this page on the Official Trade.io Website.
Terms and conditions
Trade.io reserves the right to cancel or amend the Competition or Competition Rules at our sole discretion.
Effective trading volume refers to total buys and sells (excluding wash trades).
Trade.io reserves the right to disqualify trades which are deemed to be wash trades or display attributes of market manipulation.
Rewards will be issued within 2 weeks after the competition ends. You will be able to login and see your reward in your trade.io exchange account.
For further information about the giveaway competition, please see the link to the official announcement on Trade.io's Website. Also, you can find more information in the links below.