NASSAU, Bahamas,
March 28,
2024 /PRNewswire/ -- OKX, a global leading Web3
technology company and crypto exchange, has opened
entries for its Bitcoin halving-themed 'The
Ultimate Bitcoin Rush' and 'OKX Web3
Bitcoin Drop' trading campaigns, featuring a prize
pool worth over 10 BTC.
Registration for 'The Ultimate Bitcoin Rush' has
begun, while registration for 'OKX Web3 Bitcoin Drop'
begins on March 28, 2024.
'The Ultimate Bitcoin Rush,' set to run from
April 8, 2024, to April 26, 2024, is a CeFi trading competition
that invites both teams and individuals to register and compete for
an opportunity to claim a share of a 10 BTC prize pool.
Eligible users must register and join a team on the trading
competition landing page from now until April 7, 2024 at 23:59 (UTC+8). Rewards will be
allocated to the top 20 teams based on team profit percentage.
Additionally, the top 15 traders will receive rewards based on
their individual profit amount.
New users who registered for an OKX account after March 18, 2024 at 00:00 (UTC+8) will also receive
a 10% boost to their score on both the 'Team' and 'Individual'
leaderboards, providing them with an exclusive edge in the
competition. Participating contracts for this competition include
all USDT perpetual futures trading pairs.
'OKX Web3 Bitcoin Drop' is a Web3-focused campaign
aimed at increasing engagement in the Bitcoin network,
giving one lucky participant the opportunity to win 1 BTC. To join
the campaign, eligible users must register on the
campaign's landing page, hold ≥ 0.0005 BTC during the event,
make at least one BTC transaction via OKX Wallet, conduct a
BTC cross-chain swap on the OKX DEX aggregator, trade Ordinals
or Atomicals assets on the OKX Marketplace and complete social
media tasks, such as following OKX Web3 on X (previously known
as Twitter).
OKX Chief Commercial Officer Lennix
Lai said: "We're excited to launch 'The Ultimate
Bitcoin Rush' and the 'OKX Web3 Bitcoin
Drop' campaigns. 'The Ultimate Bitcoin Rush' aims to
encourage engagement from the trading community while providing new
and existing users an opportunity to showcase their trading skills.
Our 'OKX Web3 Bitcoin Drop' campaign furthers this
engagement on the Bitcoin network by rewarding our
Web3 users. As we approach the next Bitcoin halving,
we believe this is the perfect time to interact with our community,
and reward our top traders and Web3 users."
Besides the 'OKX Web3 Bitcoin Drop,' OKX Web3 has
also collaborated with Bitcoin ecosystem projects
like BounceBit, Merlin
Chain and BOB to launch Bitcoin
halving-themed campaigns. This provides eligible users with the
opportunity to take part in a series of Bitcoin-themed
activities and earn rewards.
Bitcoin halvings, happening every 210,000 blocks,
are a feature programmed by Bitcoin's creator,
Satoshi Nakamoto, that cuts the
reward for mining Bitcoin transactions in half.
Bitcoin halving events are believed to help regulate
Bitcoin's inflation and preserve its worth by
mimicking the limited availability of precious metals. The next
halving in April 2024 will decrease
the reward from 6.25 to 3.125 BTC. This scarcity has contributed to
Bitcoin's price appreciation over time, making halving
events significant as they introduce a deflationary aspect to
Bitcoin.
For more information on OKX's activities related to the
Bitcoin halving,
visit: okx.com/landingpage/btc-halving
Note: Not all products are available in all regions. OKX
reserves the right to determine and amend the rules of the campaign
at any time without further notice, including but not limited to
canceling, extending, or terminating this campaign, modifying the
eligibility conditions for users participating in the campaign, and
adjusting the campaign and reward rules. For the campaign's full
terms and conditions, click here.
About OKX
OKX is a leading global crypto exchange and
innovative Web3 company. Trusted by more than 50 million global
users, OKX is known for being one of the fastest and most reliable
crypto apps in the world.
As a top partner of English Premier League champions Manchester
City FC, McLaren Formula 1 and Olympian
Scotty James, OKX aims to
supercharge the fan experience with new engagement opportunities.
OKX is also the top partner of the Tribeca Festival as part of an
initiative to bring more creators into web3.
The OKX Wallet is the platform's latest offering for people
looking to explore the world of NFTs and the metaverse while
trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its
Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or
visit: okx.com
Disclaimer
CONTACT: Media@okx.com
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SOURCE OKX