OKEx Completes Buying and selling Contest With Winners Sharing 50,000 USDT Prize Pool

Digital property alternate OKEx introduced on Friday it held its newest Buying and selling Contest final week with one in all CoinList’s largest-ever ICO tokens, Filecoin (FIL), and a complete prize pool of 50,000 USDT. OKEx reported that beginning at 9:00 am UTC on July 23rd and operating for one week (till 9:00 am UTC on July 30th), the highest 300 merchants by way of perpetual swap buying and selling quantity earned a share of the 50,000 USDT prize pool.

OKEx additional revealed that in addition to the possibilities of successful USDT, the primary 300 newly registered customers who accomplished OKEx’s KYC1 verification and traded the favored FILUSDT perpetual swap for greater than 100 USDT will obtain a fee rebate card of 30 USDT.

“Greater than 5,500 contracts with a notional worth of round $990,000 had been traded inside two hours of the swap’s launch, and the successful dealer within the competitors racked up an enormous $2.2 million in buying and selling quantity, taking a big slice of market share and displaying encouraging indicators for this token’s future efficiency.”

Talking in regards to the contest, OKEx CEO Jay Hao, acknowledged:

“After listening to the collective voice of the neighborhood, OKEx has taken an progressive strategy to checklist this thrilling new perpetual swap — together with the Buying and selling Contest — as the proper means of stimulating the market and creating pleasure for the brand new itemizing.”

OKEx claimed it made the choice to checklist this undertaking for perpetual swap buying and selling as a part of its ongoing dedication to supply its merchants probably the most various suite of merchandise within the business, permitting them to capitalize on its new-found volatility in addition to have the possibility to compete for a share of 50,000 USDT.