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Home > Airdrops
Published: 27/03/2024
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Author: Kane
Participate in the BingX Futures Spring Tournament
Cryptocurrency exchange BingX is hosting the "Join the Spring Futures Trading Tournament" event with prizes of up to $100,000. To participate and claim your rewards, read the details here!
Azcnews Breaking
On March 24th, the leading cryptocurrency exchange BingX announced the highly anticipated BingX Futures Trading Tournament with a total prize pool of up to $100,000.
The tournament will officially kick off at 9:00 AM on March 28th and will last for one week, concluding on April 3rd. The event emphasizes the spirit of competition within the cryptocurrency community as the total prize pool will depend on the number of participants, with a goal of reaching a maximum of $100,000 in USDT. BingX encourages active participation to elevate the level of competition to new heights.
Register for the event here.
Details of the BingX Futures Tournament
Bingx (1)
Specifics regarding the prize structure of the BingX Futures Spring Tournament:
With a total trading volume of $5 million, the prize is $2,500.
$500 million trading volume, the reward is $12,000.
$1 billion trading volume, the reward is $25,000.
$2.5 billion trading volume, the reward is $40,000.
$3.5 billion trading volume, the reward is $70,000.
From $5 billion trading volume and above, the maximum reward is $100,000.
Related: How to Participate in the Backpack Airdrop
Specific prize allocation:
1st place: Receives 35% of the total prize pool.
2nd place: Receives 25% of the total prize pool.
3rd place: Receives 10% of the total prize pool.
4th-5th place: Receive 5% of the total prize pool (evenly divided).
6th-7th place: Receive 3% of the total prize pool (evenly divided).
8th-10th place: Receive 1% of the total prize pool (evenly divided).
BingX Futures will evaluate and distribute rewards based on the trading volume of participants, with higher trading volumes resulting in higher rewards. The tournament promises to provide a significant opportunity for the trading community to showcase their trading skills.
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#Airdrop
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5.0/5
(1 vote)
Avatar of Md Shamim
Md Shamim
27/03/2024 at 12:52 pm
Plz hlp
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Avatar of Victor
Victor
27/03/2024 at 2:19 pm
This competition is gonna be lit
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Avatar of Yusuf
Yusuf
27/03/2024 at 5:25 pm
Hi
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Avatar of Akande adewale
Akande adewale
27/03/2024 at 6:14 pm
Wow great project
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Avatar of
Anonymous
27/03/2024 at 7:11 pm
P
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Avatar of Akachi Blessing Onyeulo
Akachi Blessing Onyeulo
27/03/2024 at 10:19 pm
This is a great project
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Avatar of A T M ZILLUR RAHMAN
A T M ZILLUR RAHMAN
28/03/2024 at 1:25 am
Good App
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Home > News
Published: 28/03/2024
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Author: Leexim
BlackRock CEO Very Bullish as Bitcoin ETF Hits $17B
BlackRock CEO Larry Fink pleasantly surprised by strong retail demand for firm's Bitcoin ETF.
Azcnews (4)
BlackRock CEO Larry Fink expressed his delight at the impressive performance of his firm’s recently launched Bitcoin exchange-traded fund (ETF) and reiterated his optimistic outlook on Bitcoin’s long-term prospects.
In an interview with Fox Business on March 27, Fink remarked on the unprecedented growth of the iShares Bitcoin Trust (IBIT), describing it as the fastest-growing ETF in history in terms of asset accumulation. He admitted to being pleasantly surprised by IBIT’s performance over its initial 11 trading weeks, highlighting its remarkable achievement of attracting $13.5 billion in flows during this period, with a notable daily peak of $849 million on March 12.
Fink emphasized the evolution of a market characterized by enhanced liquidity and transparency, attributes he hadn’t anticipated to such a degree prior to the ETF’s launch. Reflecting on IBIT’s success, he acknowledged that its performance had exceeded his expectations, indicating his strong bullish sentiment towards Bitcoin’s enduring viability.
Currently holding $17.1 billion in Bitcoin, IBIT swiftly reached the $10 billion milestone within just two months, a feat that took the first gold ETF two years to accomplish, according to BitMEX Research. Despite trailing behind the Grayscale Bitcoin Trust in terms of Bitcoin holdings, IBIT remains a significant player in the ETF landscape, alongside other leading funds such as the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).
However, amidst the success stories, industry experts caution that not all ETF issuers may thrive in this competitive market. Hector McNeil, co-CEO and founder of ETF provider HANetf, predicts that many ETFs may struggle to break even due to high costs unless they amass billions in assets under management. Some issuers have already adjusted fees to remain competitive, but smaller players face a formidable challenge in competing against industry giants.
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