Koinex, one of the most popular Indian-based exchanges is celebrating one year anniversary in form of preparing Koinex Trade Fest 2018. The team has prepared surprise, already rewarding users with 100.000 INR worth prizes for using TRON (TRX) & Ripple (XRP) trading pair.
Moreover, the team has officially announced the Trade Fest via a release on Medium, marking 25th August as the actual date of Koinex one year anniversary. The team representatives added that after months of developments and preparation, Koinex finally managed to the top of Indian-based exchanges.
Koinex Organizing Koinex Trade Fest to Celebrate Anniversary
Koinex shared the news about organizing a massive Koinex Trade Fest 2018 for the purpose of celebrating one year anniversary since the exchange officially started to operate.
The team representatives also added that Koinex was trying hard in order to provide their users with engines, security, and features, keeping the system up-to-date and adding new tokens and coins, stressing out that the faithful users of the exchange are the reason Koinex is still around, successfully operating.
In the spirit of receiving support from their users, Koinex decided to organize a trading fest that will go on for 4 days, concluding the fest on August 25th, which is the official date of the anniversary.
During the four days of Koinex Trade Fest, 4 tokens will join the competition to support the rewarding system as the exchange has covered many prizes for the participants.
For August 21st, when the fest officially started, users will be able to participate in the first round of rewards, powered by TRON (TRX), while each day will be marked by a different token, starting out with TRX/XRP trading pair. All users of Koinex exchange can become eligible for rewards by trading with the above-mentioned pair, while the total amount for rewards equals 100.000 Indian rupees (INR).
The Trade Fest competitions will be held every day through the time frame of four days, from 10 am to 10 pm until the fest is officially over on August 24th.
On the second day of Trade Fest 2018, users will be able to participate in trading with NCASH, on August 22nd, followed by EOS trading day on August 23rd.
On the last day of Koinex Trade Fest 2018, participants will have a chance to score some rewards by using Ripple XRP for their trading.
What to Expect from Koinex Trade Fest 2018 Competition?
During the four-day period within the Trade Fest, users will be able to enter the competition for getting rewards from Koinex simply by starting to trade with the listed cryptocurrencies on the exact days that the currencies are being promoted through Trade Fest, starting out with TRON (TRX).
There is no special application for entering the competition, as users will only need to buy and sell in order to become eligible for the listed rewards.
In accordance with Koinex Trade Fest 2018 rules, the traders participating in the competition will be ranked by trading volumes on daily basis, separately for each day and each token.
Moreover, the team stated that the top traders will be featured on Koinex Trade Fest 2018 Leaderboard with winners being announced for each day at the end of the competition, after 10 pm.
The amount of total rewards equals 400.000 INR, divided on four days of competition. The exchange also listed the scheme for rewards distribution of the predicted amount as well as Koinex merchandise for traders taking places from 11th to 20th.
The first place will receive tokens in the amount of 40.000 INR, each day there will be a different winner for different tokens. The second place will be rewarded with 30.000 INR, the third place will score 10.000 INR worth of tokens, while the 4th and 5th place based on the daily trading volume will receive 5.000 INR in tokens per trader.
Traders from 6th to 10th place will receive tokens valued at 2.000 INR per individual trader. The pattern for rewards is applicable on each day of the Trade Fest, only the tokens will be switching in accordance with the plan.
All winners should receive their rewards no longer than a week from the moment of being announced as one of 20 winners per day. Tokenized rewards should arrive on Koinex wallets of the winning participants, while it is expected to see an increased trading volume at Koinex during the four days reserved for celebrating the exchange turning one year old.