Avalanche's (AVAX) official listing on Bitpanda causes a trading competition to ensue!
A trading competition for AVAX, the native token of the Avalanche project, is now live on Bitpanda. The competition, with a total prize pool of €5,000, runs from 12:00 PM CET on the 10th of February, 2021 to 11:59 AM CET on the 17th of February, 2021.
The first-place winner will receive €1,000 in AVAX, with the second to fifth-place winners receiving €500 worth of AVAX each. In addition, the sixth to tenth-place winners will receive €400 worth of AVAX each. As a bonus prize, 25 randomly selected traders will receive €200 worth of Bitcoin (BTC) each.
To participate, traders must be at the BEST VIP level 1 or above and not reside in the Republic of Turkey. The winners will be credited within one week to their Bitpanda AVAX wallets.
Avalanche is a high-performance blockchain platform that finalizes transactions instantly and has fees that are a fraction of those on Ethereum. It was founded by Emin Gün Sirer, Kevin Sekniqi, and Ted Yin from Cornell University and is backed by leading investors, including Andreessen Horowitz, Initialized Capital, Galaxy Digital, Polychain Capital, Bitmain, Naval Ravikant, and Balaji Srinivasan.
Avalanche Consensus, the novel approach to consensus introduced in 2018, forms the backbone of the Avalanche project. The project recently raised $42M in a public sale in just 4.5 hours.
The increased developer activity and ecosystem growth in Avalanche, supported by Avalanche Foundation grants totaling $250,000 for eight projects from the $40 million Retroactive9000 pool, indicate strong institutional and developer engagement. Additionally, institutional interest is reflected in Bitwise’s recent SEC filing for an AVAX ETF, signaling growing participation from investment institutions.
For more information about the AVAX trading competition, visit the official website of Avalanche. The terms and conditions of the competition can also be found on the website. Start trading AVAX now on Bitpanda and join the competition!
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