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Binance Announces Completion of TRX Trading Competition

The world’s largest cryptocurrency exchange by volume, Binance has today announced that their TRX trading competition has concluded. The competition consisted of a bounty to be won of up to 1 million Tronix (TRX). The competition was announced on June 28 and has concluded with the prize amount having been distributed to the winners’ accounts, according to Binance.

In an official press release, Binance announced of the closure of the competition. It said:

Fellow Binancians,

The TRX Competition has now concluded. All TRX prizes have now been distributed to the winners’ accounts.

You can confirm receipt via the “Distribution History” page in the User Center.

The announcement was also made on Twitter which also included a poll to ask traders and users to select which competition they would want next. Binance tweeted:

TRX trading competition

The competition had the following features and prize rewards set for winners.

Special Prize: 2,000,000 TRX

The top trader will be awarded 2,000,000 TRX!

Rank 1: 2,000,000 TRX to Win!

Top 2-11 traders: evenly split a pool of 2,000,000 TRX

Rank 2: 1,000,000 TRX to Win!

20 semi-randomly drawn traders* evenly split a pool of 1,000,000 TRX

Rank 3: 5,000,000 TRX to Win!

All traders with at least 65,000 TRX trading volume during the competition period evenly split a pool of 5,000,000 TRX. There was also a feature for Tron traders to use their BNB as trading fee to get a 50% discount. Users were able to compete as long as they had completed level 2 identity verification and achieved a trading volume of at least 300k TRX by the end of the competition.

TRON Events

Binance commenced the contest with the idea to stimulate the trading of this already popular cryptocurrency.

Tron is perhaps one of the cryptocurrencies with the most events planned to involve the community. The famous airdrops performed when Tron’s independence day was being promoted, turned Justin Sun into one of the most known personalities within the crypto-verse.

Also, on August 27 Mr. Sun announced a bounty hunt in which he was giving away 6666TRX to anyone who could get the private key of a puzzle. Three days after this announcement, the contest “Game of Tron,” held between Tron and Coindeal had a great promotion on social networks for its prize of 100000 TRX. There were also 50k TRX for second place and 30k for third place.

At press time, TRX is the 13th largest cryptocurrency in the world sitting at $0.02. It has market cap of a whopping 1.3 billion and daily trading volume of 101 million.

Razi Khan

Researcher, Electrical Engineer and a teacher, Razi is one who takes great intrigue in the prospects of blockchain and cryptocurrencies (BTC in particular) while contributing a critical approach over the subject regularly. Contact the editor at editor.news@blockpublisher.com

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