New competition from FTX
In addition to the key events of the cryptoindustry, we regularly analyze the distribution of digital assets, as well as all kinds of contests that are regularly held in the modern industry. Large companies willingly play large sums of money, stimulating active users of their own resources. Among such events is the new FTX trading competition. The platform’s management is holding a fundamentally new drawing with a huge prize pool. The sum of all fees for the winners is as much as half a million dollars. What do you need to receive money and on what conditions is the competition held? Let’s figure it out.
Competition principle
First of all, let’s look at the available information about the event. The well-known exchange, which has earned a reputation as a reliable and responsible resource, is not the first time starting a major event. But the competition with such a gigantic prize fund is unique and unparalleled. This time the winner is chosen based on pure PnL. For those who are not associated with trading or are just starting to work in this direction, but already want to compete for a prize, we recall: PnL is an indicator of the net profitability of a particular profile. The user starts trading, closes trades, makes a profit and pays the platform commissions.
The remaining funds are called PnL. Based on the amount that will remain after the end of the competition, the winners of the event will be determined. The winner will receive a phenomenal prize of $ 343,000. It is noteworthy that the funds will be credited not in pure form, but through promotions. The platform promises $ 343,000 worth of Berkshire Hathaway packages. Basically, the winner will be provided with a solid capital that can be multiplied or used for simple purchases.
Second and other prizes
The second largest PnL player among users will also get a big prize. The silver medalist will receive either a new electric car Tesla Model S or shares of Elon Musk’s company in the amount of 69 thousand dollars. The finalist will be able to independently choose in what form he is interested in the prize. Well, and for getting from the third to the tenth place FTX promises a new iPhone 12 or an equivalent charge. But already in the FTX stock exchange, that is, you can independently choose: a smartphone or packages of securities for $ 1200. Now let’s figure out the timing of the event and the methods that will surely help in achieving the first places.
How to win and what is the timing?
The event started on November 11, 2020 and will run until November 25. During this time, you should show the maximum net revenue among all users. Don’t worry, the costs involved in the work will definitely pay off with the main prize. Therefore, this competition can be recommended even to large enterprises that are able to trade more actively, in pursuit of the main prize. But novice traders should definitely take part in the event. Even if it is not possible to take the first place, it is quite possible to enter the top ten.
And for this, as you remember, you can get a phone or valuable shares. But how do you win? There is only one solution – trade actively, deliberately and effectively. Your task is to show the maximum from your own skills, get the most revenue and take the main prize. So feel free to get to work.
The main thing is to stay abreast of the latest developments in the cryptoindustry. Follow all the news of the world of Blockchain and technology with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!
