AAX launches competition with prize pool of 50,000 USDT

AAX launches a perpetual futures trading contest for traders from Russia and the CIS, per the exchange's blog.

Hong Kong-based cryptocurrency exchange AAX has launched a competition to trade perpetual futures for traders from Russia and the CIS. This is reported in the блоге биржи.

Timing: from March 1 to March 21, 2021.

Registration: via the гугл-форме by March 10, 2021.

Participants include traders from Russia, Ukraine, Kazakhstan, Belarus, Moldova, Armenia, Georgia, Azerbaijan, Uzbekistan and Turkmenistan.

AAX will take into account trading volumes across all futures market pairs from March 1 to March 21, 2021. Participants with the highest turnover will receive prizes:

• 1st place — 15 000 USDT;
• 2nd place — 10 000 USDT;
• 3rd place — 6 000 USDT;
• 4-5th place — 2 000 USDT each;
• 6-10th place — 1 000 USDT each.

Participants can increase trading volumes using the AAX exchange token booster (AAB). Trading volumes increase with AAB holdings:

AAX accounts for the amount of AAB in the account during the period from March 1 to March 21.

The organizers will share 10,000 USDT among participants whose total trading turnover before the AAB booster exceeds 50,000 USDT, as well as users with more than 50,000 AAB in their account.

The exchange will distribute the competition participants’ trading commissions among AAB holders with balances of 1,000 tokens or more.

Market makers, AAX employees and their family members are not eligible to participate in the contest.

Earlier, AAX announced its entry into the Russian-speaking market and appointed a regional representative in Russia and the CIS.

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