First i will explain the rules then i will explain how to enter with best possible outcome that i thought of for now.
So Binance the top1 exchange is making a competition that starts 2018/10/18 0:00 AM (so pretty soon) and ends 2018/11/1 0:00 AM.
The rules are simple and you earn rewards in BNB token which is now worth 10 USD.
Good Traders
- 1st: 8,000 BNB
- 2nd: 4,000 BNB
- 3rd: 2,000 BNB
- 4th-10th: spilt 6,000 BNB
- 11th-50th: spilt 7,000 BNB
So for top 50 traders theres some nice prizes to win with top1 at 80k USD.
Bad Traders
Well im kidding, dont have to be bad.. Just need some luck to be one of 200 that get 50 BNB each.
Some Base Rules and Ideas
Ive been to many competitions but not of this size and usualy that means - coins on the exchange will have big price gains and loses to make those %s. So you can make money by doing volume big enough for Bad Traders and from the moves on markets iself, even on other exchanges.
Since during a month you have to deposit and withdrawal money they made such equality to count stuff.
How to Enter Smart
- Make Binance Account - NO KYCN eeded, just email and you are good to go
- Deposit at least 0.1 BTC before competition starts,
- I suggest to deposit as many coins as you can there (remember, the moment exchange has coins, you may lose them!)
- Trade 1 BTC
Account is a must so if you have it login, if not - make it. I also suggest making accounts on KuCoin as it may be of use for trading NEO/GAS and some chinese ETH tokens for arbitrages.
If you wont have 0.1 BTC deposited before it starts - you wont be able to play the game.
1 BTC is needed for the 500USD draw so deposit all stuff you can and sell it at spikes, rebuy lower after dumps until you have 1 BTC of trades. You got whole month for that volume.
Markets
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Looks exciting! I wonder how many participants are going to enter??
This is a very innovative idea
I wonder how much they will generate in fees during the whole process...plus all the new users this will attract
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Winners will probably do a coin pump to achieve massive % gains on a smaller coin. Idea: buy the coins with lowest volume?
Thank you for sharing this awesome competition and will definitely check it out and give a try, so thanks for explaining everything so well.
cha ching
hope so for you guys (and myself!)
Thanks
Thanks
Marketing is the word here!!
They are already the best and bigger exchange platform, and they keep doing things like this, attracting more and more investors and also taking some advantage of the other exchange platforms that are sitting and waiting for crypto to explode so they can make huge money.
Is quite a Lovely post, It worth reading keep it up @kingscrown