Calling all IOTA enthusiasts and crypto traders! Binance has unveiled a thrilling new Spot Trading Tournament, giving you the chance to win a share of a massive 300,000 USDC prize pool in token vouchers. This competition runs from May 20th, 2024 (UTC) to June 2nd, 2024 (UTC), presenting a golden opportunity to potentially earn rewards while actively trading your favorite cryptos, including IOTA!

Join the Tournament and Trade IOTA Pairs to Win!

Participation is straightforward. Simply mark your calendars for the tournament dates and head over to the Binance tournament page to register. Here’s the exciting part: the more you trade on any of the listed eligible spot trading pairs, the higher your chances of winning. This includes various IOTA trading pairs like IOTA/BTC, IOTA/ETH, IOTA/USDT, and more! Don’t forget to check the complete list on the Binance website.

To qualify for rewards, make sure your total spot trading volume reaches at least $1,000 equivalent on each of the pairs you choose during the competition period. By actively trading these pairs, you’ll accumulate points and climb the leaderboard.

Scoring System and Rewards Breakdown

Binance will rank all participants based on their total spot trading volume across all eligible pairs, including IOTA. The more you trade, the more points you earn! Here’s a quick explanation of the point system:

  • 1 Point: Every $1,000 USD equivalent traded
  • Maximum Points per Token: 1,000 (This applies to each token)

Base and Bonus Rewards Up for Grabs

All qualified participants will receive base rewards based on their total accumulated points. The higher your points, the bigger your share of the base reward pool. There’s an additional bonus reward pool of 100,000 USDC in token vouchers up for grabs! The exciting part? The size of this bonus pool depends on the number of qualified participants in each point category. The more participants trading IOTA and other tokens, the bigger the bonus rewards!

Don’t Miss Out on This IOTA Trading Opportunity!

This Spot Trading Tournament presents a fantastic chance to potentially earn rewards while actively trading IOTA and other cryptocurrencies on Binance. With a diverse selection of eligible trading pairs and a rewarding point system, there’s a chance for everyone to win. Head over to the Binance website, register for the tournament, and start climbing the leaderboard with your trades!

Note: Remember to conduct your own research before participating in any trading competition.

By Alex Wheeler

Alex is a lead writer at AltcoinsAnalysis, bringing the audience all leading developments in the blockchain industry and the latest trends in the cryptocurrency market.