Marco Verch / Flickr

Binance, the world’s leading crypto exchange, has announced its first-ever trading strategy competition, fueled by its platform token, Binance Coin (BNB).

According to the announcement, the trading competition will run from October 18 to November 1. At the end of this period, all users will be ranked based on the percentage of return achieved by their trading strategies.

Binance is paying out up to the 50th place, with the following reward structure:

  • 1st: 8,000 BNB
  • 2nd: 4,000 BNB
  • 3rd: 2,000 BNB
  • 4th-10th: split 6,000 BNB
  • 11th-50th: split 7,000 BNB

There will also be a random giveaway where 200 investors will have the chance to split a pool of 10,000 BNB, as long as they trade at least 1 BTC in both buys and sells, spread across any trading pairs during the competition.

BNB is currently up 3% to $9.94, giving the exchange token a $1.12 billion market cap and making it the largest token in the AltDex Exchange Token Index (ALTEXC).

More: Binance Trading Strategy Competition – 37,000 BNB Giveaway!
Interesting: Cobinhood to Launch Zero-Fee Margin Trading for Ethereum and Bitcoin
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.