The cryptocurrency derivatives platform Coincall has announced an airdrop of its exchange token and a trading tournament with a prize pool of 250,000 CALL, according to a press release.
CALL is a native ERC-20 token with a total supply of 300 million coins. Holders will receive a 20% discount on Coincall trading fees, VIP statuses, and rebates, as well as participate in the Coincall DEX token airdrop following the launch of the decentralized exchange of the same name.
The platform will distribute 250,000 CALL among traders, awarding 10 points for trading volumes of 2500 USDT for options and 5000 USDT for futures.
An additional 800,000 points will be distributed among the top 50 traders by volume on the exchange. Rewards can be exchanged for CALL at a ratio of 10:1.
The campaign will run until February 10. To register, participants must fill out a Google form.
Additionally, until March 31, Coincall is conducting a Genesis Airdrop. To participate, users must:
- register on the platform;
- deposit at least 500 USDT and hold it on the exchange for 30 days.
For meeting these conditions, organizers will award between 1 and 10,000 CALL depending on the deposit amount.
Coincall is a cryptocurrency derivatives exchange registered in the Bahamas. It does not hold user funds on its accounts but uses third-party custodial services Copper and Cobo.
Earlier, Bloomberg analyst James Seyffart stated that the U.S. Securities and Exchange Commission (SEC) may allow trading of options on spot Bitcoin ETFs in the second half of February.