To celebrate the listing of TRX fiat trading pairs, Binance exchange and Tron have collaborated to launch a trading competition. For a limited time, users will have a chance to enter into a TRX trading pair competition to win a share of a 800,000 TRX prize pool (worth ~83,000 EUR).
Competition period: 2021-05-10 09:00 AM (UTC) to 2021-05-16 11:59 PM (UTC)
TRX Trading Competition On Binance – Tutorial As Below
Register Binance Exchange Account
Event 1: 315,000 TRX tokens in prize pool for users who deposit fiat or buy TRX with local currencies
200 users daily who complete either of the following tasks during the promotion period will receive 225 TRX tokens each (~22.50 EUR):
- Deposit at least 200 EUR or its equivalent in local currencies by selecting “Buy Crypto” > Bank Deposit and make a trade (Buy or Sell) of at least 100 EUR worth of TRX on eligible TRX fiat trading pairs
- Make a TRX purchase of at least 200 EUR via Buy Crypto > Credit/Debit Card
Depending on the transaction time when users successfully complete either of the tasks above, Binance will select a range of users to receive 225 TRX tokens each:
|Sequence of completing the given task each day||Total number of eligible users each day|
|1st – 50th||50|
|101th – 150th||50|
|501th – 550th||50|
|1,001th – 1,050th||50|
A total of 1,400 users over 7 days will be rewarded with 315,000 TRX tokens.
Event 2: TRX Trading Competition On Binance – Top traders to share a prize pool of 485,000 TRX tokens
All users who trade a total trading volume (Buy and Sell) of 500 EUR worth of TRX or more on eligible TRX fiat trading pairs during the competition period will qualify for a trading competition to win 485,000 TRX tokens in the prize pool.
The prize pool of 485,000 TRX tokens will be exclusive to the top 100 traders, ranked by total trading volume (Buy and Sell) on eligible TRX fiat trading pairs during the competition period.
The prize distribution will be as per the table below:
|User Rank||Rewards in TRX Tokens|
|1-10||293,000 *Split by volume|
The top 10 users ranked by effective trading volume will share a pool of 293,000 TRX tokens (~29,300 EUR). The rewards will be split based on each user’s total trading volume as a proportion of the top 10 users’ total effective trading volume during the competition period.
Reward Calculation: The reward for each user in top 10 = (Each user’s total effective trading volume / top 10 users’ total effective trading volume) * 293,000 TRX tokens
Terms & Conditions
- The promotion only applies to users from Europe, excluding users from the UK, France and Italy. Local currencies that are eligible for this promotion are EUR, TRY, AUD.
- Eligible TRX spot trading pairs: TRX/TRY, TRX/EUR, TRX/AUD.
- Binance will use the local currency to EUR foreign exchange rate at 2021-05-16 11:59 PM (UTC) for the calculation of the 100 EUR, 200 EUR and 500 EUR volume requirements.
- Total rewards across Event 1 and 2 are 800,000 TRX tokens for the entire campaign.
- The top 10 traders are ranked by trading volume (Buy and Sell) in TRX amount during the competition period and the trading volume only applies to TRX spot trades in eligible TRX trading pairs.
- The rewards will be allocated in TRX to winners’ Binance Wallets within 2 weeks after the competition ends. Users can see their rewards by selecting the Account Center > Wallet > Distribution History.
- Winners from Event 2 will not be eligible for winning rewards from Event 1.
You can go to this Binance page to learn more information
Binance is a blockchain ecosystem comprised of several arms to serve the greater mission of blockchain advancement and the freedom of money. Binance Exchange is the leading global cryptocurrency exchange by trading volume, with users from over 180 countries and regions. The Binance ecosystem is also comprised of Binance Labs (venture capital arm and incubator), Binance DEX (decentralized exchange feature developed on top of its native, community-driven Binance Chain blockchain), Binance Launchpad (token sale platform), Binance Academy (educational portal), Binance Research (market analysis), Binance Charity Foundation (blockchain-powered donation platform and non-profit for aiding in sustainability), Binance X (developer-focused initiative) and Trust Wallet (its official multi-coin wallet and dApps browser).
About TRON (TRX)
TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS.
This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018.
Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry.
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