They are going to reward top 200 traders and it seems that there's some space for the top 101-200. The reward would probably be around 0.012BTC for each traders.
Not a bad prize pool after all when i tried to check out the site.
Top 6-10 traders: evenly split a pool of 0.4 BTC
Top 11-25 traders: evenly split a pool of 0.6 BTC
Top 26-50 traders: evenly split a pool of 0.8 BTC
Top 51-100 traders: evenly split a pool of 1 BTC
Top 101-200 traders: evenly split a pool of 1.2 BTCThe amount is not so big if you think of the amount you need to trade there. It requires a lot of fund to be the top. And the prize for top 51 to later are not even a big amount. For us, it's not possible to get the top place, hahaha.
You do actually have that point.If you arent so good on making up shortings then you would really require a lot of fund to get that top spot but actually its plausible
to go up in rankings even on limited fund but would really takes time to pile up the volume.
trading competitions are a way of making a particular tokens get marketers and traders attention and also draw liquidity in that particular pair of tokens. it was a strategy introduced by Binance on their platform to further encourage traders to take advantage of the opportunity and make a fortune. so far it has now become adopted by loads of other exchangers
Most people do actually know this traditional stuff when it comes to marketing and fortune making of each project.
