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Binance Futures 1st Anniversary Trading Tournament Over $1.6M to be Won

[PRESS RELEASE – Please See Disclaimer] 7 September 2020, 8:00am UTC– Binance Futures is hosting its 1st Anniversary Trading Tournament with over $1,600,000 USD in BNB tokens to be won. The tournament follows Binance Futures’ 1st Anniversary Video Competition. Binance Futures has become the global leading crypto derivatives trading exchange in under a year, providing […]

The post Binance Futures 1st Anniversary Trading Tournament Over $1.6M to be Won appeared first on CryptoPotato.

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[PRESS RELEASE – Please See Disclaimer]

7 September 2020, 8:00am UTC– Binance Futures is hosting its 1st Anniversary Trading Tournament with over $1,600,000 USD in BNB tokens to be won. The tournament follows Binance Futures’ 1st Anniversary Video Competition.

Binance Futures has become the global leading crypto derivatives trading exchange in under a year, providing users with 60 futures contracts and 12 leveraged tokens, the most varied range of futures pairs in quantity and variety.

Binance’s market share in altcoin futures grew as high as 41% in August 2020, with one of its highest single-day altcoin futures volume with over $5.8 billion traded. Volume on Binance Futures also increased by 79% month-on-month to $195 billion, its highest monthly volume since inception.

The 1st Anniversary Trading Tournament will be hosted from 2020/09/07 0:00:00 AM (UTC) to 2020/10/06 0:00:00 AM (UTC), and prizes from the 30-day event include:

  • Team BTC Profit Rewards: prize pool of up to 1,350,000 USD in BNB
  • Team BTC Profit Comeback: prize pool of up to 150,000 USD in BNB
  • Daily Lucky Draws: 75,000 USD in BNB to be given away
  • Top 20 Most Popular Team Leaders: bonus pool of 51,000 USD in BNB

Team BTC Profit Tournament Prize Pool

To promote friendly competition and collaboration in our community, this will be a team-based tournament. The dynamic prize pool amount will be determined by the number of participants so we encourage more participation from the community to help us reach the maximum total prize pool of 1,500,000 USD.

Here is how the dynamic prize pool will work:

bin_p1-min

Team BTC Profit Rewards: Awarded 90% of the Dynamic Prize Pool

All teams that trade in COIN-margined “COIN-Ⓜ” and USDT-margined “USDT-Ⓜ” contracts on Binance Futures during the competition period will be ranked based on their total BTC Team Profit performance, calculated as the sum of the top 10 individual BTC profit results within the team.

BTC will be used as the statistical unit of P&L in this tournament, and P&L from COIN-Ⓜ Futures contracts will be multiplied by 2 (two) to calculate the final P&L to determine the rankings.

bin_p2-min

Team BTC Profit Comeback: Awarded 10% of the Dynamic Prize Pool

Teams that do not qualify for Profit Rewards can qualify for the Profit Comeback prizes. All teams will be ranked by their “comeback score”, which is calculated as the difference between each team‘s lowest P&L ranking at any time during the tournament period and each team’s final P&L ranking at the end of the tournament period.

The teams with the top five comeback scores will share 10% of the dynamic prize pool:

bin_p3-min

The prize distribution within the winning Profit Reward and Profit Comeback teams is as follows:

  • Each Team leader will receive 30% of their team’s total reward.
  • The top 10 individual USDT profit contributors in each team will equally split 20% of their team’s total reward.
  • All other team members will equally split 50% of their team’s total reward.
  • Note that only team leaders and team members with 5 BTC or more in futures trading volume during the competition period will receive a split of team rewards.

Bonus Pool for Top 20 Most Popular Team Leaders

To recognize the leadership and guidance of tournament team leaders, Binance will further reward a total of $51,000 in BNB tokens to the top 20 teams with the most number of teammates with 5 or more BTC in trading volume each during the tournament. So the more team members you have as a team leader, the higher chances you have of winning. The rewards are:

bin_p4-min

Daily Lucky Draws – 75,000 USD in BNB to be won

Users with a minimum total trading volume of 0.5 BTC across any COIN-Ⓜ and USDT-Ⓜ contracts in each daily qualifying period will be entered into a lucky draw, where 50 lucky winners will be randomly selected to each win 100 USD in BNB.

There are a total of 15 daily qualifying periods, the first of which will begin on 2020/09/21 at 0:00:00 AM (UTC). Each daily qualifying period runs from 0:00:00 AM (UTC) to 11:59:59 PM (UTC). The details are as follows:

  • Step 1: Complete trading volume of 0.5 BTC across any COIN-Ⓜ and USDT-Ⓜ contracts in each daily qualifying period.
  • Step 2: Qualified participants can click on the lucky spinning wheel found on the activity landing page at approximately 2:00 AM (UTC) on the following day.
  • Step 3: The winners of each lucky draw period will be displayed on the activity landing page at approximately 2:00 AM (UTC) on the third day.
  • Note: Users will need to click the lucky spin within 22 hours of receipt during the following day.

Competition & Registration Dates

Team leader sign-up period: 2020/09/07 0:00:00 AM (UTC) to 2020/09/21 0:00:00 AM (UTC).

Team member sign-up period: 2020/09/07 0:00:00 AM (UTC) to 2020/10/06 0:00:00 AM (UTC).

Competition period:  2020/09/07 0:00:00 AM (UTC) to 2020/10/06 0:00:00 AM (UTC).

For more information, please visit the trading tournament website.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.


Source: https://cryptopotato.com/binance-futures-1st-anniversary-trading-tournament-over-1-6m-to-be-won/

Blockchain

All Eyes on Ethereum

Republished by Plato

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One Ether now costs more than US$3000. Did you ever think you’d see the day?

You gotta hand it to the crypto markets: in some ways they’re comically predictable. A month ago, Ethereum was everyone’s favourite whipping boy, a bloated, expensive under-achiever that couldn’t even double its 2017 all-time high. Lol what a weakling.

And with competitors like Cosmos, Solana, Polygon and Polkadot nipping at its heels, perhaps this was the beginning of the end for the network that gave us smart contracts, ICOs, ERC-20 tokens, DeFi, yield farming, NFTs and, to be honest, the entire idea that blockchain was a multi-functional and era-shaping technological breakthrough that you ignored at your peril.

How things have changed. On Monday Ethereum blasted through the US$3000 mark like it was barely there, throwing on an extra 15% while it was at it. The network is now worth a shade under US$400 billion, putting it on par with Mastercard and Walmart, and officially making Vitalik Buterin, the 27-year-old prodigy who created Ethereum, a bona fide billionaire. So, is this how the Flippening begins?

Network to net worth

Due to the speed with which things move in crypto, we tend to underestimate some of the metrics that actually speak to a technology’s success. The new shiny thing is almost always more exciting than some dusty old contraption built in the positively prehistoric year of 2015. Did they even have electricity back then?

But Ethereum stands out from almost all other blockchains in that it’s already being used, at scale, by millions of people and companies. While that may seem like Business 101 – get more customers, be more successful – when it comes to blockchain usage is a particularly powerful factor because of the way it harnesses network effects to improve the value of the system itself. Use it more and the whole system becomes more valuable, both financially and practically, for the network’s users, miners, stakers, investors and developers. Oh, and Vitalik, of course.

How far we’ve come

Ethereum’s issue has always been its inability to scale. If you can’t handle hundreds or even thousands of transactions a second, then you’re not really fit for purpose as a global computer. The result for Ethereum has been a year of increasing network congestion and brutally high transaction fees. Yet the fact that so much continues to be built and transacted on Ethereum tells you exactly how strong these network effects already are.

There’s also an increasing focus on three major changes to the Ethereum network due to arrive before the end of the year:

  • EIP-1559: Lifts one of DeFi’s major innovations in the field of ‘tokenomics’ by implementing a token burn system on every transaction. You use the Ethereum network, you burn some ETH, never to be seen again.
  • Optimism: due for a full launch in July, the Optimism sidechain should significantly improve the speed of Ethereum by leveraging largely incomprehensible processes such as ZK-Rollups and Sharding. It’s already being used by the Synthetix protocol, where it has saved users over $10 million dollars in transaction fees.
  • Ethereum 2.0: This is the big one, Ethereum’s transition from Proof-of-Work to Proof-of-Stake. It’s been coming for years, but the importance of the change cannot be overstated. Already more than 4 million Ethereum are being staked on the Ethereum 2.0 contract, offering an insight into how much ETH might fall out of circulation once the entire thing goes live (potentially in November).

In short, Ethereum is just getting started. The price might seem gaspingly high right now, but remember that Ethereum isn’t trying to be Walmart or Mastercard. It wants to be the thing that Walmart and Mastercard are built on – and that’s a prospect worth having a stake in.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.coinjar.com/all-eyes-on-ethereum/

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Blockchain

CARBON: A perfect avenue for showcasing talent

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Creative professionals sometimes find themselves figuring out where to showcase their creations and profit from them. 

It’s a tough situation to be in. But with CARBON, the dilemma is lessened. 

CARBON creates an avenue that gives creators both a place to show off their talents and a chance to earn money.

CARBON features an ecosystem of a global scale that integrates open finance, fashion, art, music, and non-fungible tokens (NFTs).

One of its objectives is to enable a community that can inspire, support, and reward professionals.

What the CARBON marketplace looks like

As what an ideal marketplace should be, CARBON has a lot to offer, helping emerging brands and artists have a shot even at the highest levels of competition they have to deal with.

Items related to fashion, art pieces, music, and digital assets such as NFTs are offered in the CARBON marketplace. A dedicated team will carefully select these products.

The market will also see exclusive collaborations featuring various artists and brands for physical commodities and digital items that will be dropped on a weekly basis.

As for its audience, they should prepare for a diverse experience brought by a market evolving into a global ecosystem.

About CARBON

CARBON was founded by Chad Pickard who also acts as its Chief Executive Officer (CEO). It is an open finance wallet and super ecosystem that is built for the whole world of fashion, art, music, and culture while also integrating digital assets through NFT offerings.

It has its native token, the $GEMS, and its wallet integrates Neobank functions like the financial technology company Revolut and a non-custodial smart wallet for decentralized finance (DeFi) and cryptocurrencies.

This integration allows users to hold fiat (government-backed) and digital currencies as well as NFTs in a single platform.

The wallet is linked to the market, giving users the ability to directly select items that they desire.

CARBON doesn’t just work as a marketplace where purchases can be made, but also as an avenue where professional creators get to showcase their talents and inspire others to promote their own. It provides them with a winning environment.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/bitcoin/carbon-a-perfect-avenue-for-showcasing-talent/

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Blockchain

How Tokenplace can help crypto traders get the best buy and sell prices

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Any seasoned crypto trader knows that the price of a digital currency can vary across different exchanges worldwide.

Thus, one of the basic strategies for investing in digital currencies is to scout for the best buy or sell price and that’s where Tokenplace comes in.

Access to different crypto exchanges via one platform

To take full advantage of the price variance across exchanges, some traders often resort to opening accounts on different platforms. But Tokenplace eliminates this need because the platform allows one to access different exchanges worldwide.

This means that a user will only need his Tokenplace account and password to gain access to the entire crypto market. This is a lot simpler compared to having to main multiple accounts and passwords for other exchanges for different trading pairs.

Tokenplace is basically an online trading platform and exchange aggregator. With its automated order-splitting, orders are automatically broken up to ensure that traders get the best price for every coin they want to trade.

Easy to use and features-packed trading terminal

Tokenplace is also very appealing to newer investors because it is very easy to use. For instance, users will only need to access a single window for their deposits, withdrawals, trading, and exchanging.

The platform can be accessed from both desktop and mobile devices. Tokenplace’s onboarding and one-time registration process are also one of the quickest in the industry.

Tokenplace uses advanced algorithms for its multi-exchange order splitting feature. With this high-tech tool, users can get the best buy and sell price every time they trade.

Website: https://tokenplace.com/
Twitter: https://twitter.com/TokenplaceTOK
LinkedIn: https://www.linkedin.com/company/tokenplace

IMPORTANT NOTE: This is a paid press release, which BitcoinerX has posted as part of a commercial agreement. BitcoinerX is not responsible for producing this content and does not endorse the products or services mentioned. It is the responsibility of the company posting the press release to ensure the material is credible and accurate. BitcoinerX is not responsible for any damage or loss caused to anyone who chooses to use the company, product or services mentioned in the press release. BitcoinerX does not recommend using the information in the press release to form the sole basis of investment decisions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/how-tokenplace-can-help-crypto-traders-get-the-best-buy-and-sell-prices/

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