Live week-long SHM Contest on KuCoin's website
KuCoin, a leading cryptocurrency exchange, has announced a new trading contest for Shardeum (SHM) with a total prize pool of 80,000 SHM tokens. The contest, which runs from July 3rd to July 10th, invites eligible participants to trade on the SHM/USDT pair and stand a chance to win a share of the prize pool.
To participate, users must first register on the campaign page, as participating without registration will be considered invalid. Market maker accounts are not eligible for the contest, and sub-accounts and the master account will be treated as the same account for this campaign.
The trading requirements for the contest are straightforward. Users must achieve a minimum trading volume of at least 1,000 USDT during the campaign period to be eligible for rewards. The trading volume is calculated as the sum of buys and sells multiplied by the price. Trading bots' volumes will also count towards the total trading volume.
Rewards will be distributed to the top 50 traders ranked by trading volume within 10 working days after the campaign ends. The top 50 users ranked by SHM/USDT spot trading volume on KuCoin will qualify to win a share of the prize pool.
KuCoin emphasises fair play by excluding market makers and allowing bot trading volume counting. The contest is part of rewarding early adopters of the mainnet ecosystem of a specific website. The SHM token is used on the website, which is the world's first autoscaling blockchain. The SHM token powers the mainnet ecosystem of the website, offering low fees under $0.01, instant settlement, and real decentralization for end-users.
Malicious activities such as bulk account registration, wash trading, and self-trading are prohibited. KuCoin reserves the right to disqualify users and revoke rewards if malicious behaviour is detected. For additional terms and conditions, users are advised to refer to KuCoin's official blog post.
[1] Terms and conditions for the Shardeum (SHM) trading contest on KuCoin. [2] Eligibility, trading minimums, and reward distribution for the KuCoin SHM trading contest.
- Users participating in the Shardeum (SHM) trading contest on KuCoin must adhere to the trading requirements, which include achieving a minimum trading volume of 1,000 USDT and using either manual or bot trading, while market maker accounts are ineligible.
- For those who rank among the top 50 traders by SHM/USDT spot trading volume during the contest period, they will be eligible to win a share of the 80,000 SHM token prize pool. This contest is part of KuCoin's effort to reward early adopters of the mainnet ecosystem associated with a specific website, where the SHM token plays a crucial role in offering low fees, instant settlement, and real decentralization.