CCBeast Special


TRX Trading Competition on Binance is Over
Editorial Team

Binance, on September 20, announced that their TRX trading competition has concluded. The competition consisted of a bounty to be won of up to 1 million Tronix (TRX). It was announced on June 28 and has concluded with the prize amount having been distributed to the winners’ accounts, according to the world’s largest cryptocurrency exchange by volume.

The closure of competition was announced by an official press release, stating:

“Fellow Binancians,

The TRX Competition has now concluded. All TRX prizes have now been distributed to the winners’ accounts.

You can confirm receipt via the “Distribution History” page in the User Center.”

The announcement was also made on Twitter which also included a poll to ask traders and users to choose which competition they would want next.

The competition had the following features and prize rewards set for winners.

Special Prize: 2,000,000 TRX

The top trader will be awarded 2,000,000 TRX!

Rank 1: 2,000,000 TRX to Win!

Top 2-11 traders: evenly split a pool of 2,000,000 TRX

Rank 2: 1,000,000 TRX to Win!

20 semi-randomly drawn traders* evenly split a pool of 1,000,000 TRX

Rank 3: 5,000,000 TRX to Win!

According to a publication from blockpublisher.com, all traders with at least 65,000 TRX trading volume during the competition period evenly split a pool of 5,000,000 TRX. Additionally, a feature for Tron traders exists to use their BNB as trading fee to get a 50% discount. Users were able to complete as long as they had completed level 20identity verification and achieved a trading volume of at least 3000k TRX by the end of competition.

Binance started this competition to stimulate the trading of the cryptocurrency.

All in all, Tron is one of the cryptocurrencies with the most events planned to involve the community. The famous airdrops performed when Tron’s Independence Day was being promoted, turned Justin Sun into one of the most known personalities within the crypto-verse.

Om August 27, Sun also announced a bounty hunt in which 6666TRX was given to anyone who could get the private key of a puzzle. Three days after this announcement, the contest “Game of Tron,” held between Tron and Coindeal had a great promotion on social networks for its prize of 100000 TRX. There were also 50k TRX for second place and 30k for third place.

 

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