Binance – one of the most popular digital currency trading platforms in the world – recently announced a Tron (TRX) Competition, and the competition just came to an end. At the end of the TRX competition organized by Binance, thirty-one TRX traders were awarded and compensated with 10 million TRX tokens.
TRON (TRX) Price Today / USD
Name Price $9,781.00 -2.14% $0.021 -14.54%
The Prizes of the Competition
A special prize two million TRX tokens were awarded to the trader’s account with the highest Tron trading volume during the competition. Ten accounts won 200,000 Tron tokens each, and twenty accounts won 50,000 Tron tokens. In a press release by Binance yesterday, Binance made it clear that the prizes have been distributed accordingly to the selected winners.
On June 28, Binance announced Tron (TRX) Trading Competition, putting a total prize of ten million TRX aside to make Tron fans happy while trading. The competition ended on the July 6, and it ranked users in terms of total TRX traded volumes on their Binance account.
According to the announcement, the trading includes both sells and buys, but it doesn’t include wash trades. Tron (TRX) recently launched its Mainnet – a development that will enable Tron to compete with Ethereum.
Nevertheless, the value of the digital currency hasn’t been really favorable not too long after the token migration started. A lot of analysts in the market have tied the poor market performance of the coin to the token migration in which some trading platforms are just finalizing.
Binance is also one of the exchanges involved in the token migration of Tron, and a few days ago (on 10 July to be precise), the trading platform confirmed it has completed the token migration of Tron (TRX). A few hours ago, Bit-z (a crypto trading platform) also confirmed that it has completed the migration. The value of the Tron (TRX) is expected to skyrocket after the completion of the migration and the announcement of its secret project by the end of this month.