CoinEx, a global cryptocurrency exchange, has announced an exciting new event that promises to boost the influence of Decentralized Finance (DeFi) while offering substantial rewards to its users. The "Join Trading Volume Ranking, 1,000,000 DEFI For Grabs" event is set to engage CoinEx users in a week-long trading competition focused on the DEFI cryptocurrency.
Event Details
Duration and Focus
The event is scheduled to run from 10:00 on February 19, 2025, to 10:00 on February 26, 2025 (UTC), and it will exclusively focus on trading the DEFI cryptocurrency.
Participation Requirements
To be eligible for the ranking and rewards, participants must:
- Be registered CoinEx users who apply on the promotion page.
- Trade in the selected DEFI markets with a minimum trading value of 50 USD.
- Not be Market Maker accounts, as these are excluded from participation.
Reward Structure
Here’s a clear table outlining the reward structure for the CoinEx DeFi Trading Volume Ranking Event:
This table summarizes the distribution of the total reward pool of 1,000,000 DEFI tokens for participants in the event.
How to Participate
Register or log in to your CoinEx account.
1.Join the Campaign: Visit the CoinEx official website, log in to your account, and select [Tradeboard] under [Promotion] in the top-left corne
2.Eligible Spot Trading Volume: Trade DEFI in the Spot markets during the event period.
3.Complete the Trading volume: Maintain a trading volume of at least 50 USD to qualify for the ranking.
Rewards will be distributed within 7 business days after the event concludes.
Understanding DeFi and Its Importance
The decentralized finance concept known as DeFi leads to a complete transformation of modern financial operations. Blockchain technology powers a system that provides financial services through an infrastructure that omits bank-level intermediaries. DeFi plays a vital role in crypto due to three key components:
- Promote financial inclusion by providing services to both banked and unbanked populations.
- Foster innovation in financial products and services.
- Reduce transaction costs and increase operational speed.
- Enhance transparency and security through blockchain technology.
By focusing this event on DEFI trading, CoinEx is not only incentivizing trading activity but also increasing awareness and adoption of DeFi principles within its user base.
Final Thoughts
The DeFi Trading Volume Ranking Event gives CoinEx users an opportunity to connect with DeFi and gain access to significant rewards. User involvement in this event yields access to 1,000,000 DEFI tokens and supports DeFi's expansion within the cryptocurrency market.
Users must consider cryptocurrency risk and research both events before participating in ongoing trading events or making investments.
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