According to the announcement, KuCoin will be giving away $37,000 in BTT to the top-200 traders based on their total BTT volume traded on KuCoin (including both buy and sell orders) across all BTT trading pairs during the competition period.
We are launching a trading competition together with @BitTorrent! Win 50,000,000 BTT in total rewards!
— KuCoin Updates (@KuCoinUpdates) April 12, 2019
The top-5 traders will split a pool of 15,000,000 BTT based on their relative share of the total trading volume within the group. The rest of the winners will share a pool 35,000,000 BTT based on the following distribution:
- 6-10: Evenly split a pool of 3,500,000 BTT
- 11-25: Evenly split a pool of 5,250,000 BTT
- 26-50: Evenly split a pool of 7,000,000 BTT
- 51-100: Evenly split a pool of 8,750,000 BTT
- 101-200: Evenly split a pool of 10,500,000 BTT
The competition started this morning at 6:30 AM (EDT) and will run until the same time on April 19. Traders who want to participate in the trading competition can sign up here.
BTT is currently up 8.5% on the day to $0.000761, giving the token a $129.9 million market cap.
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.