Digital assets exchange OKEx announced on Friday it held its latest Trading Contest last week with one of CoinList’s largest-ever ICO tokens, Filecoin (FIL), and a total prize pool of 50,000 USDT. OKEx reported that starting at 9:00 am UTC on July 23rd and running for one week (until 9:00 am UTC on July 30th), the top 300 traders in terms of perpetual swap trading volume earned a share of the 50,000 USDT prize pool.
OKEx further revealed that in addition to the chances of winning USDT, the first 300 newly registered users who completed OKEx’s KYC1 verification and traded the popular FILUSDT perpetual swap for more than 100 USDT will receive a commission rebate card of 30 USDT.
“More than 5,500 contracts with a notional value of around $990,000 were traded within two hours of the swap’s launch, and the winning trader in the competition racked up a huge $2.2 million in trading volume, taking a large slice of market share and showing encouraging signs for this token’s future performance.”
Speaking about the contest, OKEx CEO Jay Hao, stated:
“After listening to the collective voice of the community, OKEx has taken an innovative approach to list this exciting new perpetual swap — along with the Trading Contest — as the perfect way of stimulating the market and creating excitement for the new listing.”
OKEx claimed it made the decision to list this project for perpetual swap trading as part of its ongoing commitment to offer its traders the most diverse suite of products in the industry, allowing them to capitalize on its new-found volatility as well as have the chance to compete for a share of 50,000 USDT.
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