Ceptibility exchange Binance launches contest for treedraw willing to test a decentralized trading platform (DEX). The prize Fund is 10 000 BNB ($100 million). This was announced by the head of Chanpen Zhao (Changpeng Zhao).
To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition.
You have nothing to lose!
Come and join the fun and help us launch the mainnet faster! https://t.co/2NK8LVVAGY
— CZ Binance (@cz_binance) March 1, 2019
“To test Binance DEX, we will distribute about $100 million in BNB as a reward for trading with the test network,” wrote Zhao.
This initiative is designed to help Binance faster to run a basic version of a decentralized platform.
The allocated funds will be available as prizes in the contest, simulated trading, which starts March 7 and runs until March 21.
To participate in the competition is open to all users of the site, the accounts that have at least 1 BNB. Each account can register up to 20 addresses Binance Chain and get 200 virtual token BNB for each address as seed money to participate in the competition.
The competition will consist of two parts.
The first part is a competition for a healthy market volatility. At this stage, the users will compete in the issuance and listing of tokens in the test network. There are three prizes rewards from 1000 to 3000 BNB.
The second part is a competition for the maximum profit obtained as a result of trade. At this stage there are 20 prizes in the range of 50-1000 BNB.
At the time of publication of news token BNB, according to CoinMarketCap, was traded at the level of 11.57 USD.
Recall that Binance has launched public testing of a decentralized stock exchange on February 20. From this date, users can create wallets and to work with the trading platform interface.