Cryptocurrency exchange KuCoin is launching a prediction challenge dedicated to cryptoassets such as XRP, BTC, ETH, and SOL.
The campaign period is from April 5 to April 9, 2024, and the prize pool is $30,000.
The exchange announced the launch of the contest on its X (Twitter) page.
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Participants should determine which crypto asset from XRP, BTC, SOL, or ETH will have the largest price increase relative to the Root Network (ROOT).
The challenge consists of four stages lasting 24 hours each, with a prize pool of $5,000 for each stage.
Under the terms of the challenge, the users with the most correct predictions will split the $10,000 grand prize equally.
To be eligible for 1 prediction, one must make a spot trade of 200 USDT or a futures trade of 500 USDT.
The exchange notes that a user can only make a prediction on one coin per round. (For example, if a user predicts ROOT on a particular day, they cannot predict BTC on the same day.)
KuCoin will also only accept predictions made between 00:00 and 16:00 (UTC) during market activity.
However, in order to receive more votes, participants must accumulate the required trading volume on the spot and futures markets.
KuCoin exchange is one of the largest exchanges, offering its users access to all major cryptocurrencies and tokens. Another feature of the platform is the provision of leverage up to x100, which allows you to dramatically increase your profit.
