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$400k Tron giveaway: Binance to bounty TRX holders 10 million tokens

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Tron
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Tron (TRX) is one of the tokens that is known for never settling when it comes to the creation and deployment of strategies that could help the coin to surge in the crypto market. In this sense, alliances have been one of the moves that the company has worked the most. In fact, this is for sure one of the aspects that have guaranteed the success of the coin in the industry, since their primary concern is the creation of collaborations that facilitate the usage of their services, and the offering of more adequate solutions to its users every time.

This way, one of the most recent partnerships that the token managed to make is the one with Binance, a collaboration that undoubtedly many of the TRX holders appreciated as it represented a crucial assistance in the current times that Tron is going through with its independence from Ethereum protocols and blockchain.

Binance has played an elemental role in the migration process of Tron, and this is something that has even gotten farther with the integration of the TRX/USDT pair that the company added not so long ago. This time, the partnership proves to be even stronger with the announcement that Binance will deploy a millionaire giveaway on TRX tokens starting today, news that without a doubt has raised a whole wave of interest from the token holders. Let’s find out the details about the giveaway.

Binance TRX trading competition

The competition was announced today morning through the official Twitter account of Binance in a message that read as follow:

Immediately the community reacted to the message, and this was even bigger when the news got retweeted by the founder and CEO of Tron, Justin Sun.

Along with the Tweet a link was provided in which all of the details about giveaway were specified. Like this, it was known that 10,000,000 TRX tokens would be at stake to the users who trade the most with TRX on the Binance platform during the period of time between June 29th and July 6th at 00:00 (UTC).

For the giveaway will be taken into account both buys and sells of the token, and it will be verified if any of the activities that the traders deploy can be classified as wash trades, which in case of affirmative will automatically provoke a disqualification of the contest.

https://twitter.com/czm_binance/status/1012313368307388417

Users will be able to trade by using the pairs TRX/BTC, TRX/ETH, and TRX/USDT, and even when the TRX/BNB pair will not be allowed in the contest, participants still will be able to take advantage of the 50% discount of this pair by paying trading fees with it.

The 10 million TRX will be distributed as follows:

  • 2,000,000 for the best TRX trader
  • 2,000,000 distributed between the top 2-11 traders
  • 1,000,000 distributed between 20 semi-randomly drawn traders, which would be any of the traders that finish the contest in any of the positions 69th, 99th, 169th, 189th, 399th, 599th, 899th, 999th, 1299th, 1699th, 1899th, 1999th, 2099th, 2399th, 2599th, 2999th, 3299th, 3599th, 3899th, 3999th
  • 5,000,000 distributed between all of the traders who managed to obtain a trading volume of above 65,000 TRX

Finally, it was known that the TRX holders would not be able to accumulate more than one price of the contest.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

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