COSS Today announced that the CFT Trading Promo will go live next week on the 1st of April 2019, with a huge 1,100,000 CFT ($110,000) prize pool available.
Interestingly, this promo is not limited to the CFT pair, like previous trading promotions. Your trading volume on any pair on the exchange will count towards your overall promotion volume.
CFT Trading Promotion Details
- Start Date: 1st April 2019 07:00 GMT
- End Date: 1st May 2019 07:00 GMT
- Duration: 30 days
- Round Length: 3 days
- No. of Rounds: 10
- Prize Pool per Round: 100,00 CFT
- Ranked Prizes: Top 20 traders
- Random Prizes: 10 random traders
The CFT promotion will take place over 30 days. The promotion is split into rounds, each round being 3 days long. During those 3 days, the top 20 traders with the highest volume will earn a share of the prize pool. An additional 10 random traders will earn 2,000 CFT. After 3 days, the volume count is reset and traders can continue to battle it out for a top 20 place.
There is an additional 100,000 CFT available for the trader with the highest trading volume over the whole 30 day promotion.
- Rank 1: 10,000 CFT
- Rank 2: 7,500 CFT
- Rank 3-5: 5,000 CFT (each)
- Rank 6-10: 3,500 CFT (each)
- Rank 11-20: 3,000 CFT (each)
- Random 10: 2,000 CFT (each)
Any Trading Pair Counts
In previous trading competitions, only volume on the promotional pairs was included in your total. For example, in the Substratum trading promotion, only volume on SUB pairs would increase your rank.
These promotions have typically increased volume on the promotional pair only. With all trading pairs counting for the CFT promotion, it is going to be very interesting to see how this affects the overall volume of the exchange.
The CFT trading promotion begins at a very strategical time for COSS, with CFT trading set to go live on the same day.
Many users have expected the CFT price to drop once trading goes live as it is thought many holders who have stockpiled the coin from weekly FSAs will sell to realise the coins value.
With such a large trading promotion going on at the same time, demand for CFT is likely to increase, due to the 25% discount it provides on trading fees. This promotion looks like a strategic move to ensure once CFT goes live on the market, there are plenty of buyers for those looking to sell.
How to Participate in the Promotion
Participating in this CFT trading promotion couldn’t be easier. As volume on any trading pair counts, all you need to do is make one trade and you are instantly eligible for the random 10 traders prize.
To earn a top 20 spot and a guaranteed prize, you will need to create a lot of volume. Competition is expected to be fierce, so to stand the best chance of winning, you might want to get a bot to do the heavy lifting for you!
Good luck to everyone participating!