Crypto.com launches ETH L2 trading campaign with $20,000 reward pool
Crypto.com launches ETH L2 trading campaign with $20,000 reward pool
Crypto.com has announced a new Ethereum Layer-2 trading campaign, offering a reward fund of $20,000 in Bitcoin (BTC).
Running from June 26 to July 10, 2024, the campaign aims to promote trading of Ethereum and its Layer-2 tokens: Optimism (OP), Arbitrum (ARB), and zkSync (ZK).
Crypto.com is incentivizing users to trade Ethereum and associated Layer-2 tokens with a total prize pool of $20,000 in Bitcoin. The campaign, which started on June 26 and will end on July 10, 2024, is structured into two main activities:
- Trading Volume
The top 1,000 users based on their trading volume in the specified tokens will each receive $10 in BTC. To qualify, participants must trade at least $50 worth of ETH, OP, ARB, or ZK during the campaign period.
- Net Buy
$20 in BTC to the top 500 users who have the highest net purchases of the campaign tokens, with a minimum net buy of $100. Participants must acquire a Junior Trader Badge or higher to be eligible.
Winners will receive their BTC rewards in their Crypto.com accounts within 90 days post-campaign, with notifications sent via email.
Crypto.com emphasizes that trades exhibiting market manipulation will be disqualified, and all decisions regarding the campaign are final.
This initiative is part of Crypto.com’s broader strategy to boost engagement and trading activity on its platform, particularly focusing on the evolving Ethereum Layer-2 ecosystem.
The ETH L2 App Campaign highlights Crypto.com's efforts to attract more users by leveraging the burgeoning interest in Ethereum Layer-2 solutions, known for improving scalability and reducing transaction costs. With the growing adoption of Layer-2 technologies, such initiatives could significantly enhance trading volumes and user engagement on the platform.
The results of this campaign might also provide insights into the popularity of specific Layer-2 tokens.
See also: German government sells 900 BTCs – Implications for the market
