New BitTorrent Token (BTT) Trading Contest is Happening on Huobi Exchange
Huobi Exchange announced the addition of the Tron owned, Bit Torrent token (BTT) earlier in the month. The exchange has made a step further to promote trading of BTT by launching two competitions with a total of 100 million BTT up for grabs.
The official website blog of Huobi cryptocurrency exchange announced the launch of the “BTT is launched! Deposit and Trade to Win 100 Million BTT!” competition.
The week long competition runs from the 18th February to 25th of February 2019 and promises 100 million BTT tokens to deposits made to the Huobi wallet.
The BTT is launched! Deposit and Trade to Win 100 Million BTT Competition
The competition will be run in two separate promotions, the first will distribute 30 million BTT to BTT deposits made on the platform and 70 million BTT will be distributed according to trading volume.
The first promotion will distribute 30 million BTT to the top 100 verified users will share 20 million BTT in total proportionate to their BTT net deposit volume. The rest of the verified users will share the remaining 10 million BTT commensurate with their holdings. Only users eligible for over 0.0001 BTT will be awarded.
Announcing Huobi’s first #BTT Trading Competition! From today to February 25, we’ll be giving away 100 million worth of BTT Tokens! There are two ways to win. Full details here: https://t.co/sgrmrlrs6K @justinsuntron @BitTorrent pic.twitter.com/YhYRsMHGLP
— HuobiGlobal 🌏 (@HuobiGlobal) February 18, 2019
The second competition will award the top 50 in net trading volume with 45 million BTT which will be shared proportionately, with the remaining 25 million BTT to be released to the remaining traders proportionally to the trading volume.
Furthermore, the VIP users with Point Cards for trading fees discounts are eligible for the award while other discounts on fees are ineligible for the rewards.
The participants of the BTT competition will receive real time lists twice before 22:00 on February 20 and 22:00 on February 22 2019. Users will wait till the week is complete to receive the final listing of the winners after the competition ends. The Huobi development team further warned participants from cheating or scalping to avoid disqualification.
Bit Torrent token (BTT) is currently trading at $0.000938 USD, representing a slight 1.27% increase in the past 24 hours as the cryptocurrency markets continue to push up. The torrent token witnessed impressive daily market volumes on February 19, 2019 as shown on Coinmarketcap, $231,865,074 USD.