The cryptocurrency exchange AscendEX will award $300,000 in Solana (SOL) and Tether (USDT) tokens to participants in futures trading contests. This was reported in the blog of the platform.
The contests will run until October 13, 2021. To participate, you need to register on the exchange and answer the questions in the Google form. When you register via the referral link, you can get a 10% discount on fees for a year.
AscendEX is a cryptocurrency exchange headquartered in Singapore. The platform supports futures contracts for 31 cryptocurrencies with up to 100x leverage, as well as staking 13 assets with annual yields up to 21.54%. Users can use staking assets as collateral when trading futures.
Learn and earn! AscendEX will randomly award from 5 to 50 USDT to the first 500 users who answer the questions in the Google form correctly.
The answers can be found in the competition post on the exchange’s site and in the article How to Use Staked Assets for Futures Trading. Users can also contact support in the Russian-language AscendEX Telegram channel.
Translate and trade! The exchange will reward users with bonuses ranging from $10 to $1,000 in SOL or USDT for transferring staking assets to a futures account and making trades totaling at least 1000 USDT. The first 10 participants with trading volume above 200,000 USDT will receive $88 in SOL.
AscendEX will cover your losses! The exchange will compensate users for losses when trading futures contracts. The platform will credit participants with USDT Futures Bonus Credits (USDTR) — the equivalent of USDT that can be used on AscendEX as collateral when trading futures contracts.
The platform will fully cover losses up to 100 USDT. For losses exceeding 100 USDT, the maximum compensation is 100 USDTR.
Earlier ForkLog reported that in 2020 staking brought crypto investors more than $20 billion.
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