Who says unicorns don’t exist?
Regardless of whether one-horned horses exist in real life or not, we’re certain that one thing is true: cash is cold and hard. We know because we’re giving away $1500 worth of crypto prizes in our latest trading competition on KickEX — this time, featuring the hottest token in decentralized finance. Of course, we’re talking about Uniswap’s governance token, UNI, which has just been listed on KickEX!
In this fresh competition, 20 of the most active traders will be eligible to win a nice stack of UNI for their crypto collection, as well as KickEX’s semi-stablecoin, KUSD, and KICK tokens.
When’s this contest running?
The contest will run from 12:00 (UTC) on October 12, 2020 and end at the same time on October 18, 2020. To play, all you gotta do is actively trade UNI/BTC and UNI/USDT pairs on KickEX via any type of order and instrument — too easy!
How much can I win?
The total prize fund is comprised of 205 UNI, 300 KUSD, and $200 in KICK tokens. Smells tasty, doesn’t it?
1st place: 100 UNI +150 KUSD + $100 in KICK;
2nd place: 50 UNI + 100 KUSD + $50 in KICK;
3rd place: 25 UNI + 50 KUSD + $50 in KICK;
4th place: 10 UNI;
5th place: 5 UNI;
6–20th place: 1 UNI.
To win, you simply have to be one of the 20 traders with the most UNI/BTC and UNI/USDT trading volume. If you qualify, you’ll receive your fat stacks of crypto tokens within a week of the competition’s end date.
What’s a UNI?
UNI is the governance token of the decentralized Uniswap platform, which has raised over $2 billion in liquidity in Ethereum-based tokens. Basically, it’s used to manage the Uniswap project… so you can either vote on future proposals with your fresh UNI winnings or trade them as you see fit.
Okay, okay… but what’s mysterious KUSD?
KUSD is a semi-stable token of the KickEX exchange that is backed by proof-of trading mechanics and a fixed price within the Kick Ecosystem. The KUSD token is rewarded to traders according to their trading volumes on the KickEX exchange. It’s pretty straightforward, really — traders receive 1 KUSD for every 2 USDT in trading fees paid.
Tell me about KickToken
KickToken (KICK) digital ERC20 Ethereum token is a virtual currency. KickToken can be used within the Kick Ecosystem network, which offers all vital services a cryptocurrency trader needs in a functional and UX way. With KickToken the users can cover trading fees on KickEX exchange.
Now, for the ‘fine print…’
Of course, this isn’t the Wild West and there are some stipulations.
- Only trades made on the KickEX exchange during the contest period are considered. (Duh!)
- No, you cannot make trades with yourself. That’s cheating and you’ll be disqualified.
- For KICK rewards, the USDT equivalent will be calculated depending on the actual exchange rate of the KICK token at the time rewards are paid.
- Sorry, you can’t use your automated trading bot or API in this contest. You have to be making “live” trades. Otherwise, you’ll be disqualified.
- All rewards in cryptocurrencies will be credited to the winner’s KickEX exchange account. We won’t send them to a different wallet.
- Naturally, KickEX exchange reserves the right to make a final interpretation of this promotion — so don’t be a cheater.
Now get out there and make the UNIcorn your you-know-what on KickEX! Good luck and happy trading!