There are all kinds of exciting events that take place in the crypto space these days. This is happening despite the massive volatility in the market.
Huobi crypto exchange contest
The official Medium post notes that Huobi Global has rolled out its Huobi Trading Contest offering a grand prize pool worth 2 million USDT.
Accoridng to the same official notes, the contest is aimed at celebrating the upcoming Ethereum merge while incentivizing crypto traders to take part in Huobi Global’s newly launched Prime membership program.
The same Medium blog post notes that inclusivity is the keyword of the day for Prime – this offers attractive tiered discounted transaction fees and various other benefits to different trader types.
“Traders who are talented enough to make the leaderboard will share a grand prize pool of 2 million USDT, with top traders standing to win up to 50,000 USDT in individual prizes,” says the blog post, among others.
Regarding Ethereum, the blog post notes the following:
“Participants who trade Ethereum or a secret token (disclosed closer to the contest date) will have their tabulated trading amount multiplied by an unknown variable, increasing their trading volumes recorded for the competition and their prize winning chances.”
We suggest that you check out the complete blog post in order to learn all the available details about the contest.
The crypto state today
The crypto market is making efforts to recover following the recent losses. In other recent news, the International Monetary Fund (IMF) says that collaboration between central banks and crypto technology could create an innovative and efficient monetary ecosystem.
In a new report written by executives from the Bank for International Settlements (BIS), the IMF said that the technology behind digital assets and the trust that the public has in central banks together could set the stage for the monetary policy of the future. Check out our previous article in order to learn more details about all this.
