Trade.io is a cryptocurrency exchange that focuses on crypto-crypto exchange. The platform has been gaining popularity due to it's flexible interface, very fast execution speeds and low exchange fees. One of the features that makes trade.io unique is liquidity pool, You will get paid daily interest by holding 2,500 TIOs(the native token for the platform) or more.
Recently, Trade.io organized a trading competition, this competition has been running since 18th and it's closing tomorrow on 28th February. When trade.io added GRIN, NEO, EOS on it’s platform it decided to give back to crypto lovers through a trading contest.This is a free competition and anyone can participate, all one needs is to have a trade.io account with a minimum of 0.1BTC balance or it’s equivalent in any crypto.
50 winners are going to share a massive prize pool of 5 BTC, The top 20 winners will win according to their performance which will be determined by trading performance and the trading volume and the last 30 winners will be chosen randomly to share a 0.5 BTC prize pool.
How do I join?
· First of all you need to own a trade.io trading account, don’t have one? Sign up here.
· Your trade.io account should have at least 500 USD of balance in any cryptocurrency.
That’s all.
How do I win?
Trade.io has explained to it’s participants on how to maximize this opportunity to win the competition. Winners will be selected based on their overall score that will be calculated by multiplying the performance score and the volume score.
The performance score is literally the general performance of each trader which in this case is the percentage of return on your investment. This means participants who will make the most profits from their trades will rank best in this category.
Volume score on the other hand is the amount of money each participant is trading. The more the volume one trades, the higher the trading volume score.
Example:
1. Percentage Score
This is basically the total percentage of return on your initial investment. Having the highest returns will put you at top of all other contestants in this particular section. 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
Traders who trade the most volume will be top in this area and likewise traders who trade the least volume will rank lowest in this particular competition. Let's say 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.
3. Overall Score
The overall score is achieved by multiplying the scores in both of these competitions, The trader with the lowest overall score takes the number one spot.
Every participant will want to rank high in both these categories in order to win a prize.
Here is an example of how you would rank according to your performance relative to other participants.
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.
How are the prizes going to be distributed?
4.5 BTC will be distributed to the top 20 winners according to their performance and the rest will go through a random draw that will determine the 30 lucky winners to share 0.5 BTC.
Let’s see.
· First place: 1.5 BTC
· Second place: 0.7 BTC
· Third place: 0.3 BTC
· 4th to 9th: 0.15 BTC
· 10th to 20th 0.1 BTC
· 30 lucky participants will be randomly selected to share 0.5 BTC.
In total 5 BTC will be won by a total of 50 winners.
For more details go here
Join the competition and stand a chance to win up to 1.5 BTC.
Love Crypto
Good luck.
Disclaimer:This is not a 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.
Important links.
Trade.io Website: http://trade.io/en
Trading competition https://competitions.trade.io/love-crypto
Press Release: https://trade.io/en/news/tradeio-announces-token-buyback-program
Twitter: https://twitter.com/TradeToken