Cryptocurrency exchange Binance announced the launch of the competition for traders wishing to test the capabilities of its new decentralized trading platform. The prize Fund is 10 000 BNB.

In the message exchange States that the contest is conducted on a test version of the Binance and DEX is intended to raise community awareness of the possibilities of the platform.

#Binance DEX (@Binance_DEX) Simulated Trading Competition — Test Your Strategies to Win 10,000 $BNB!

— Binance (@binance) March 1, 2019

To participate in the contest, simulated trading allowed any user of the main site Binance, on account of which there is at least 1 BNB. Each account who qualify to participate in the contest can register a maximum of 20 addresses Binance Chain for each 200 test token BNB before the tournament.

The contest starts on March 7 at 8:00 UTC (the time to which needs to be completed check-in), and consists of two parts.

The first part is a competition for the most healthy volatility tokens that users can issue the test network Binance Chain, and is applicable only to pairs of token / BNB. Starting price of each produced token should be 1 BNB, with restrictions on their emission of no.

The winner of this contest will receive 3,000 tokens a real BNB, runner – BNB 2000, third place-1000 BNB.

The second contest is called to determine the winner in absolute profits resulting from trading activity. The winner will receive 1000 BNB, who finished the second BNB 700, the third place — 300 BNB. Additionally BNB 1000 will be distributed among users who took 4-10 and 11-20 places.

Details of the contest, which runs until 08:00 UTC on 21 March, can be found on the website Binance.

Recall that public testing of a decentralized trading platform Binance DEX began on 20 February.

Download the app ForkLog for Android!