Binance, the biggest cryptocurrency exchange hosts DEX Simulated Trading Competition, for its users to Win 10,000 BNB. Intending to expand awareness of Binance DEX inside the Binance Chain community, the exchange on Binance DEX testnet is sponsoring a simulated trading competition.
Ideally, Binance DEX is based on the P2P (Peer-to-Peer) protocol, that permits the clients to trade crypto resources legally between one another. The primary advantage of Binance DEX is the matching framework. Moreover, Binance DEX is made on a powerful blockchain engine known as “Tendermint Core” with one-second block times that gives the speed, which is same as centralized exchanges.
Furthermore, in celebration of WINk‘s Binance listing, WINk and Binance have come together and dedicated a sum of 325,000,000 WIN, 7 HUAWEI P30 PRO Smartphones and ten sets of Apple AirPods to be offered to the networks as a thank you for their support. Moreover, the promotion Period will be from 28th August 0:00 AM to 4th September 0:00 AM (UTC). All clients with WIN exchanging volume of 1,000,000 WIN or more during the period of competition will similarly share a pool of 30,000,000 WIN.
The founder of TRON, CEO of BitTorrent Inc, Justin Sun, supports this competition by tweeting:
Few critical conditions of the competition state that in a single competition, participants will not be eligible to win multiple prizes. It also says that Binance has the sole right to disqualify accounts that seemed to be indulging in wash trading or displaying attributes of market manipulation. And finally, it describes that Binance reserve right to cancel or amend any activity rules at their discretion.