Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin 3 years
-2

Your Ultimate Guide on How to Find Coinbase Wallet Address

coindoo.com23 minutes ago
0

XRP, FLOKI see major market gains; new memecoin poised to excel

crypto.news24 minutes ago
0

Developing Several Layer-2 Solutions: ‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit

news.bitcoin.com30 minutes ago
0

Bitwise applies for Ethereum ETF; Bitbot presale gathers steam with price expected to rise to $0.0141

coinjournal.net44 minutes ago
0

WIF flips PEPE to become #3 memecoin: Is SHIB next on its list?

ambcrypto.coman hour ago
0

Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst

Dogwifhat Becomes Third-Largest Meme Coin as Bitcoin Clings to $70K

www.coindesk.coman hour ago
0

Darknet markets saw crypto revenues rise in 2023 despite global crackdown

crypto.newsan hour ago
0

BTC, ETH navigate market shifts as KangaMoon enters the spotlight

crypto.news2 hours ago
0

Yolo Investments backs TON in widespread $8m investment

ambcrypto.com2 hours ago
0

Detained Binance’s executives sue Nigerian government, report says

crypto.news2 hours ago
0

From Ordinals To Runes: Bitcoin’s Major Update Arrives With Halving

bitcoinist.com2 hours ago
0

Sentenced to 25 years prison: Sam Bankman-Fried the Wunderkind of cryptocurrencies

thebitcoinnews.com2 hours ago
0

Cardano Founder Charles Hoskinson Offers Spicy Take On Sam Bankman-Fried Case

coingape.com2 hours ago
0

Analysts expect Algotech to beat Cardano price forecast in 2024

crypto.news2 hours ago
0

SWIFT Plans to Launch CBDC Interconnection System in Next Two Years

news.bitcoin.com2 hours ago
0

Bitcoin Cash Trading Escalates as Second Halving Event Nears

news.bitcoin.com3 hours ago
0

Bitcoin To Skyrocket by Over 110% if History Repeats, Says Hedge Fund Veteran Mark Yusko – Here’s the Timeline

dailyhodl.com3 hours ago
0

XRP Price: Whales Shuffle 153 Mln Coins Echoing Frenzy, What’s Next?

coingape.com3 hours ago
0

Arcas Champions ‘power to players’ game launches beta on Gaimin

crypto.news3 hours ago
0

Call of Duty Cheaters Allegedly Lose Their Bitcoin as Hackers Target Gamers With Malware

www.coindesk.com3 hours ago
0

Ethena’s Prelaunch Futures Surge 22% as ENA Token Is Set To Go Live Next Week

www.coindesk.com3 hours ago
0

BDAG Presale Hits $9.9M Tops ApeCoin Partnership & SEI Price Rally

ambcrypto.com4 hours ago
0

Bitcoin’s halving is coming – Does this mean good news for Solana, LINK?

ambcrypto.com4 hours ago
0

Binance Kicks Off Two Crypto Futures Testnet Platforms to Determine User Favourite

Sep 2, 2019 2:02 PM +00:00
0

Coinspeaker
Binance Kicks Off Two Crypto Futures Testnet Platforms to Determine User Favourite

Easily the largest cryptocurrency exchange platform worldwide, Binance has now announced the launch of two test platforms in preparation for the eventual launch of its crypto futures service. The two platforms namely Futures A and Futures B, will allow interested users to try their hands on the products with unreal assets, to be used as persuasion for traders to acclimatize with the platform.

Competition Specifics

The two different futures platform will be pitched against each other in a competition of sorts where the participants will be allowed to vote for their preferred platforms. The winner among the two testnets will then be the officially adopted as the Binance futures platforms.

Binance plans to give away up to $10,000 BNB (over $215,000) in potential winnings to participants for both platforms. The process will begin at 00:00 AM on Tuesday the 3rd of September 2019 and will run for five days until 00:00 AM on Sunday the 8th of September 2019.

Activity 1

The announcement also states that the competition will be split into two different activities. The first is “Activity 1: Vote For Your Favorite Futures Platform” and will see participants cast votes for either Futures A or Futures B, after spending some time trading on them both. Furthermore, any participants who correctly name the winning platform will also be awarded a discount on the adopted Binance Future Platform worth 50% for an entire month.

Activity 2

The second stage is called “Activity 2 – Simulated Trading Competition” and this is where participants will have the opportunity to win 10,000 BNB in total. Here, the simulated funds will be used and the announcement states that participants will have access to 100,000 USDT on each platform after signing up.

To select winners, Binance will rank all participants by specific USDT trading volume whether sold or bought on each platform. At the end of the competition, participants are expected to still be in possession of a minimum of 100,000 USDT which was initially assigned as only those who fulfill this requirement will be eligible for the slated rewards.

Rewards

As earlier stated, the rewards for the competition will be a total of 10,000 BNB with each platform sharing it equally. The winners of both platforms will be awarded 5,000 BNB each and 1,000 BNB will each go to participants in the second place with 3rd place winners taking 300 BNB.

Winners in the 4th to 10th place for both platforms will split 1,200 BNB; 11th to 20th place winners will split 1,000 BNB while the 21st to 50th place winners will split 1,000 BNB as well. Binance notes that all winners will receive their prizes within two weeks after the competition ends and all participants who will be voting in Activity 1 will only be allowed one vote each.

Binance Kicks Off Two Crypto Futures Testnet Platforms to Determine User Favourite

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.