Cryptocurrency exchange and payments platform Crypto.com has launched a competition where the users with the highest taker transaction volumes will get a chance to win up to $10,000 worth of CRO tokens. The Winners Take All competition began on Aug. 31 and will last until Sep. 30, with all registered Crypto.com users with a taker volume of at least $10,000 able to participate.
A new trading competition launched on Crypto.com
Crypto.com, a digital asset exchange and payments platform, has announced the launch of a new trading competition on its platform—Winners Take All. The move comes after several extremely successful endeavors the company launched in the past few months, which include the new Stake-to-Take feature and this summer’s 50 percent discounts on Bitcoin purchases.
According to the company’s website, the competition has a prize pool of $200,000, where the first 1,000 eligible participants will receive a reward of $100 worth of CRO tokens each.
Those with the highest taker transaction volume by the end of the campaign will be able to take home $10,000 worth of CRO tokens. The next nine users with the highest volumes will receive rewards of $2,000 worth of CRO, while users ranked between 11 and 1000 will receive $800 worth of CRO each.
🔈Calling all traders! Join ‘Winners Take All’ Competition in the https://t.co/vCNztABJoG Exchange🔥
— Crypto.com (@cryptocom) August 31, 2020
The campaign began on Monday, Aug. 31 at 09:00 AM UTC and will last until Wednesday, Sep. 30 at 09:00 AM UTC.
At least $10,000 of taker volume required to participate
When it comes to campaign eligibility, Crypto.com noted that at least $10,000 of taker volume, such as market orders, on any trading pair are required for users to participate in the campaign. Users also need to make at least 10 taker transactions on any pairs and stake at least 5,000 CRO on the Crypto.com exchange before the campaign ends on Sep. 30.
A weekly leaderboard will show the top eligible participants and their ranking by transaction volume on the Crypto.com website, while the final results will be published shortly after the campaign ends after being verified by the company. Prizes will be distributed within two weeks after the campaign ends to the users’ CRO wallets on the Crypto.com exchange.
The company noted that it will not count traders executed through what it deems are “bad trading practices,” which include wash trades, false trading, and self-dealing.