Binance announced a few hours back that there will be a Tron trading competition that will be taking place from June 29 at 00:00 am, to July 7 at 00:00 am (UTC). Reportedly ranks will be given to the users in terms of the total TRX volume traded on their Binance account. It includes both buys and sells, across all the TRX trading pairs during the period of competition. According to the Binance official website the special prize is 2,000,000 TRX, the top trader will be awarded 2,000,000 TRX.
Rank 1 will be getting 2,000,000 TRX to win, rank 2 will be getting 1,000,000 TRX to win and rank 3 will get 5,000,000 TRX to win. The top 2-11 traders will evenly split a pool of 2,000,000 TRX, 20 semi-randomly drawn traders will evenly split a pool of 1,000,000 TRX. All traders with at least 65,000 TRX trading volume will evenly split a pool of 5,000,000 TRX, during the competition period.
Binance also added a set of rules mentioning that it has the right to cancel or amend the Competition or Competition Rules at our sole discretion. Trades that they supposed to be “wash trades” will not be counted as trading volume for this Trading Competition.
Also, participants will not be able to win multiple prizes in the competition. Within 2 weeks after the competition gets over, the rewards will be given to the winning participants. Participants can log in and check their prize through Distribution History > Account Center.
Binance also warned of the risks. They mentioned that cryptocurrency investment is subjected to high market risk. The investments, therefore, are to be made cautiously. They made it clear that it will try its best to choose high-quality coins, but they will not be responsible for any investment losses.