Poloniex launches World Cup Carnival with prize pool up to $100,000

The cryptocurrency exchange Poloniex announced the launch of the ‘Poloniex FIFA World Cup Carnival’.

The event comprises two activities with prize funds up to $50,000 each. The first — collecting fan-token badges — has already begun. Poloniex will announce the launch of the second promotion in early November.

Until 16:10 (UTC) on November 19, Poloniex users can earn fan-token badges for on-platform actions:

• registration for the Carnival — three random badges;
• visiting the Carnival page — one badge per day;
• trading fan tokens on spot — one badge for every 100 USDT of volume;
• trading FOOTBALL and CHZ futures — one badge for every 200 USDT of volume;
• inviting friends — when a referral earns badges through trading fan tokens, the inviter also receives them;
• social media activity — Poloniex hands out badges for participation in platform events on Twitter.

Each fan-token badge gives the user one point in the overall leaderboard. Ten different badges can be combined to yield an additional ten points.

Organizers award additional points to users who earned more than 100 badges. The number of points depends on the ranking:

• first — 1000 points;
• second — 800 points;
• third — 500 points;
• 4-10 — 200 points each;
• 11-30 — 100 points;
• 31-100 — 50 points;
• 101-200 — 20 points.

The number of collected badges and the rank can be tracked on the event page.

The prize pool size depends on the number of participants:

• fewer than 3,000 — 20 000 USDT;
• from 3,000 to 5,000 — 30 000 USDT;
• more than 5,000 — 50 000 USDT.

The first activity will end on November 10, 2022. Poloniex will distribute prizes proportionally to earned points, but no more than $500 per user.

Poloniex is one of the oldest global crypto exchanges, developed by Tron founder Justin Sun. The platform does not require KYC and does not block accounts of users from Russia. The withdrawal limit for unverified users is $50,000 per day.

Earlier, Poloniex conducted a trading contest for traders from Eastern Europe, “Bitcoin Heroes: Operation Skyhook.”

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