Posted 1 year ago | by Ben Armstrong
Binance to Give Away Tesla Cybertruck and Cash Prizes up to $28,000 USD
Binance will present one of Elon Musk’s famous Cybertrucks as well as nearly $28,000 USD to its traders. The major cryptocurrency exchange Binance is giving away one more Tesla Cybertruck and a cash prize up to $28,000 in its newest promotion.
According to a recent announcement, the crypto exchange has announced a promotion for celebrating the addition of the Kava token into its margin trading offering. Kava is a decentralized finance (DeFi) platform and is backed by Cosmos technology.
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The new campaign will begin on June 9, 2020, and end by June 16, 2020.
Back in December 2019, Binance also gave away a Cybertruck.
However, the winners of that campaign have not received the reward since Tesla has not produced the trucks which Binance gave away. According to the Tesla website, the delivery of the trucks is expected to start in late 2021.
Binance remains #1 with the newest algorithm update of CoinMarketCap (CMC).
Recently, the leading data provider CoinMarketCap (CMC) has introduced another algorithm update since its acquisition deal with Binance.
In its latest update, CMC implemented a new algorithm that aims “to replace the previous default ranking of exchanges by Web Traffic Factor”, according to the CMC blog post.
More Factors for Staying on Top
The new algorithm has moved to a more complex method relating to market rankings and the so-called “Confidence score”. Both of these metrics were introduced to the ranking of market pairs and now is used for the platform’s ranking of exchanges.
The market pair ranking will consider the Liquidity Score, Web Traffic Factor, and volume of each pairing. Binance keeps reaching the top rank with a score of 1,000 after the latest algorithm update was issued.
Binance has lots of token pairs, as well as trading tools for a range of different kinds of investors. In addition to retail token trading, it has developed great tools for larger investors.
If you want to start buying tokens for the long-haul. Binance has a number of fiat-to-crypto gateways. Just click here for a new, free, account with the exchange, so you can start off in the world of tokens with a world-leader in crypto trading and investing.