Huobi Global, the 3rd-largest crypto exchange by trading volume, announced on Monday that it will be running a trading competition for the brand new BitTorrent (BTT) with 100 million BTT in prizes — worth approximately $102,900 at time of writing.
Announcing Huobi’s first #BTT Trading Competition! From today to February 25, we’ll be giving away 100 million worth of BTT Tokens! There are two ways to win. Full details here: https://t.co/sgrmrlrs6K @justinsuntron @BitTorrent pic.twitter.com/YhYRsMHGLP
— Huobi (@HuobiGlobal) February 18, 2019
According to the announcement, there will be 2 concurrent promotions that will give traders the chance to earn free BTT, both of which run from 12:00 PM on February 18 to 12:00 PM on February 25 (EST).
The first promotion will reward investors who deposit BTT onto Huobi Global with a share of 30 million BTT proportionate to their BTT net deposit volume. During the promotion, the top 100 verified users will share 20 million BTT while the remaining users will all share 10 million BTT.
The second promotion will reward the top 50 verified users with a share of 45 million BTT proportionate to their BTT trading volume over this period. The remaining users will again share the smaller pot of 25 million BTT.
BTT is currently up 13% over the last 24 hours to $0.001004, giving the newly launched token around a $90.6 million market cap.