50 Million Worth of BTT Up for Grabs as KuCoin Launches a Trading Competition
In what’s probably in the same fashion as Binance’s January competition, traders using the platform have a reason to get excited. In what the first five winners will share about $11,500, KuCoin is rolling out an exciting rewards competition for its investors.
According to a Tweet, the cryptocurrency exchange in partnership with BitTorrent is debuting a trading competition. In it, over 200 traders stand a chance of walking away with lots of BTT!
KuCoin, a Singaporean crypto exchange, is giving away a whopping 50,000,000 BTT in the main prize money. The main prize is followed by 15,000,000 BTT to be shared by the first five winning investors. The next 200 winning traders will also get to share $37,000 in BTT among themselves.
Interestingly, sharing of the winnings will be based on a trader’s entire BTT volume traded on the platform. This means it will basically take into consideration amounts in both the ‘buy and sell orders’ of all BTT trading pairs recorded during the period of competition.
Criteria For Sharing The Winnings
The main prize is 50 Million BTT and it will be won by one investor. The next amount totaling 15,000,000 BTT will be shared by the next five winners. The amount a trader will get will be based on his/her overall trading volume. The rest will split a sum of 35,000,000 BTT based the criteria below.
- 6th to 10th – they share 3,500,000 BTT.
- 11th to 25th – share 5,250,000 BTT.
- 26th to 50th – share 7,000,000 BTT.
- 51st to 100th – share 8,750,000 BTT.
- 101st to 200th – share 10,500,000 BTT.
Wish To Participate?
You can sing up and be part of the fun. Already, the competition is ongoing and is slated to end on 19th April. Remember, BTT is currently doing well on the market with a market cap of $129.9 million.