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The DLT licensed cryptocurrency exchange Covesting is holding its second trading competition with a total prize pool of $5,000.
The winners will be separated into two categories: one for the highest return on investment (ROI) based on percentage gain, and one for the highest ROI by currency amount. Ranking of competitors will be defined by snapshotting the table of traders on the 24th of December at 15:00 GMT and each user will be able to check the full table of results themselves.
The top five traders in each category will be entitled to a portion of the $2,500 (that will be granted in COV’s at the time of issuance) prize pool, and there is no minimum amount that must be traded with in order to participate.
The first category will be defined as “Absolute Profitability,” and the winners in this group will be determined by who achieves the highest absolute profitability over the duration of the competition, in terms of the amount of profit they generated. The total prize fund for this category is $2,500 worth of COV at the time of issuance.
The second category will be defined as “Relative Profitability,” and the winners in this group will be determined by who achieves the highest relative profitability, based on their percentage return on their initial investment. The total prize fund for this category is $2,500 worth of COV at the time of issuance.
Read more about the contest:
https://medium.com/covesting/trading-competition-trade-and-increase-your-profits-by-5-000-worth-of-our-prize-fund-650370d16e1c
