SingSing has launched the Top Trader Program, a new initiative aimed at incentivizing users to participate in SingSing’s transacting activities from June 6th to June 26th, 2023. Users who participate will be eligible to compete for rewards and gain valuable experience in transacting and trading.
The program rules are stated below:
1. Competition time
From 10:00 pm UTC+7 on June 6, 2023 to 10:00 pm UTC+7 on June 26, 2023.
2. Rules:
To be eligible for the prize, you need to fulfill the following two (2) conditions:
(1) Register to participate in the event during the registration period.
(2) Conduct BUY token SING transactions during the competition period. The transaction volume is calculated based on the BUSD value of the BUY transactions.
Your ranking will be determined based on your total BUY transaction volume during the 20-day competition period. The higher your transaction volume, the higher your ranking.
For example:
Assuming your transaction history is as follows in one day:
– Order 1: Buy 1000 SING at a price of 0.015 BUSD (the transaction volume will be: 1000 x 0.015 = 15 BUSD)
– Order 2: Sell 1000 SING at a price of 0.016 BUSD (this transaction volume will not be counted because it is a SELL order)
– Order 3: Buy 2000 SING at a price of 0.014 BUSD (the transaction volume will be: 2000 x 0.014 = 28 BUSD)
Therefore, your total transaction value for that day will be 15 + 28 = 43 BUSD.
3. Prizes:
The 1% prize will be calculated on the total BUSD transaction volume throughout the competition. Including 3 prizes:
First prize: 50% pool
Second prize: 30% pool
Third prize: 20% pool
In case the winners have the same transaction volume, the person who registered first will be selected as the winner.
For example, if the total BUSD transaction volume in the competition is 1,000,000 BUSD, the prize will be 10,000 BUSD, allocated as follows:
First prize: 5,000 BUSD
Second prize: 3,000 BUSD
Third prize: 2,000 BUSD
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