The crypto space is ever busy no matter the time or day you meet it. Weekends like this are long awaited - a time to rest and recharge ahead of the coming week. But for the guys making things happen in the world of cryptocurrencies, there is no rest. So this weekend among many activities happening, I bring you these two huge crypto contests organized by Binance and SimpleSwap. Maybe you would like to participate in any of them.
Crypto contests present a great opportunity to discover new projects and features. In addition, it also allows participants the opportunity to earn and network. This article will feature two major contests. The one arranged by Binance has a 2,000,000 Binance points that unlock exclusive rewards. For the contest by SimpleSwap, winners will share in the grand prize of $12,000.
Now lets quickly get into the details for each contest.
Each month, Binance the largest centralized crypto exchange platform organizes a contest - a monthly mission - and encourage users to join. The monthly mission is a contest with so many tasks. Each tasks earns the participants some Binance points which could be exchanged for various rewards such as trading fees or liquid crypto. The tasks, rules for engagement and rewards vary from month to month. Today is the 1st day of the month and it is not surprising that Binance has released the June mission.
For the June mission, the tasks come with various points rewards based on level of difficulty. The more difficult a task, the bigger the point. The point rewards ranges from 30 points to 400 points. The contests starts on 1st June and ends on 14th June. 3 days after the contests ends, Binance distributes rewards to all qualified participants. Then another round of mission tasks would be announced. Below are some of the tasks that users are expected to complete:
Referral task: In this tasks, the participant is expected to sign up a new user through their unique referral link. After signup, the new user is expected to complete a first token purchase worth 50 USDT using the fiat method or credit card.
P2P trade: Complete a trading activity using the P2P feature of Binance. The purchase amount must be at least 100 USDT in value of any preferred tokens.
Fiat Deposit: Deposit fiat in your Binance wallet worth at least 100 USDT of any preferred token.
Trading volume: Complete a trading volume of at least 500 USDT in the spot market. You are free to choose any token pairs so long as the transaction is completed in spot trading, it could be buy or sell orders or both.
BTC trading: Participants are to complete a trading volume of tokens paired with BTC. The value of the transaction should be worth at least 200 USDT.
The June mission has been published on a page and contains all the tasks and instructions that must be followed by anyone participating. Click Here to start.
SimpleSwap is a crypto exchange platform that allows user to trade one token for another. Its one of the easiest places to swap any cryptocurrencies of choice. This platform has launched a huge trading contest where the rewards are in excess of $12,000. Its purely a trading contest, so get your bags ready to start doing the swaps.
Its a trading contest where the participants that completed the biggest volume of swaps win top positions. There is a leaderboard that shows where each participant is placed relative to their trading volume. The top 10 participants with the highest swap volumes share the $12,000 reward.
Its super easy. Create an account on the platform and start exchanging your cryptocurrencies. If you end up at the post 10 position, you are guranteed a winning spot. There will be a consolation prize of $20 each for another 20 participants outside the top10. These 20 participants would be chosen at random.
Check out some important contest rules you should observe if you choose to participate in this contest:
- The Contest begins on May 28, 2024, at 12 p.m. UTC and ends on June 11, 2024, at 6 p.m. UTC (“Entry Period”). source
- Only Entries and trade orders received within the specified Entry Period are counted for the purpose of the Contest. source
- SimpleSwap’s employees, subsidiaries, affiliates, suppliers, partners, and directors (collectively “Employees”), as well as members of Employees immediate family and/or those living in the same household as the Employees are not eligible to participate in the Contest. rules source
There you have it. Just try to abide by the rules and you are good to go. The Leaderboard is already shaping up as you can see here. So why not give it a go if you have some large bags.
The contests above are opportunities to earn crypto. Its also a cool way to get involved in the project. However, the article is just for the sake of creating awareness for these contests. Cryptocurrencies are volatile and could lead to loss of funds. You must do your research first as this article does not constitute financial advice.
Note: Thumbnail from pixabay
