Binance is Doing a Token Giveaway Towards the Testing of its Decentralised Platform- Binance DEX
According to a recent report, in its bid to increase the number of people who will be testing it’s upcoming
Binance CEO Announces Test
The Chief Executive Officer of
“To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as a reward for our
He further added that the new development is expected to help the exchange to start the live version of
Eligible candidates are users of the exchange who have at least one
However, the
The Competition
The competition is divided into two different events:
The first part is “Token Competition for Healthy Price Volatility” which involves users competing to issue and list tokens in the
The exchange said that:
“The addresses that own tokens will be ranked in terms of the sum of each token price’s volatility over every five-minute interval on the ‘Token’/BNB trading pair during the competition period, ” There are three prizes to be won, ranging from 1,000–3,000 BNB.
The second part of the competition is the “Absolute Return Competition” whereby rewards will be handed out according to the absolute returns users are able to get using their strategies on specific tokens. There are 20 prizes up for grabs, ranging from 50 – 1000 BNB.
As at the time of the publication of this news, the rate at which BNB token was trading was at $11.
