Binance Launches IOTX Competition – 20,000,000 IOTX to Give Away! 14142
Sharat Chandra
Jun 12, 2018 at 11:11 PM

Binance, an international multi-language cryptocurrency exchange, has been in thick of cryptocurrency big news recently. Binance averages $1.4-1.5bln in trades daily, and it netted some $150 million in earnings from the first quarter of 2018 alone. Over a period of a month, Binance listed five coins – Theta [THETA], Civic [CVC], Skycoin [SKY], ZenCash [ZEN], and TrueUSD [TUSD]. The listed tokens have seen significant appreciation in the prices.

Today, Binance announced,"To celebrate the listing of IOTX on Binance, we have committed a total of 20,000,000 IOTX to give away to our fans worldwide. All participants should hold at least 20,000 IOTX in their Binance account for the entire duration of the competition, from start to finish, or they may be deemed ineligible." The competition period is from 2018/06/13 00:00 AM to 2018/06/20 00:00 AM (UTC).

Users will be ranked regarding the total IOTX volume traded on their Binance account (including both buys and sells) across all IOTX trading pairs during the competition period.

1st: 2,000,000 IOTX
2nd: 1,200,000 IOTX
3rd: 800,000 IOTX
4th-10th: split 2,000,000 IOTX
11th-20th: split 2,000,000 IOTX
21st-50th: split 2,000,000 IOTX

Users with IOTX trading volume (including both buys and sells) of at least 150,000 IOTX will be put into the following Lucky Draws:

  • 10 lucky Binancians will be drawn one-by-one to evenly split 1,200,000 IOTX (120,000 IOTX each)
  • 200 lucky Binancians will be drawn one-by-one to evenly split 8,800,000 IOTX (44,000 IOTX each)

The lucky draw will be live streamed online.

Binance, one of the world’s largest cryptocurrency exchanges by traded value, announced that it would open trading for ETC/BNB, ETC/USDT trading pairs at 2018/06/12 2:30 AM (UTC). Yesterday, Binance offered Tron(TRX) token holders something to cheer about by announcing the addition of trading pair TRX/USDT.

Currently, IOTX price equal to 0.0433 USD. With the listing on Binance, IOTX coin prices are expected to witness a spike. WalletInvestor predicts that price can go up from 0.0433 USD to 0.557 USD in one year.

Image via Binance Twitter Page

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