— Binance (@binance) December 3, 2018
According to the announcement, Binance will be paying out a total of 1,800,000 MANA (~$120,600), in addition to one Binance-branded Parcel of LAND, the virtual land found within the Decentraland platform.
The top 100 traders by MANA trading volume, which includes both buy and sell orders, will split the pool of 1,800,000 MANA and the first-place winner will take home the LAND parcel. The competition will run from December 4 to 11.
Additionally, traders with a trading volume of 30,000 MANA or more during the period will be eligible earn one of 10 lucky draw rewards, which will pay out 7,500 MANA each.
MANA is currently up over 8% on the day to $0.06923, giving the token a $72.7 million market cap and making it the 54th largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
More: Binance’s Announcement
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.