One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
They do really make such competition not only just for promoting their platform but in all angles we can really see on what benefits on both sides it can give.
Either on the coin developer or on the exchange itself. So, these competitions turns out to be just like a common thing to be done specially if the exchange is starting up
or on popular exchangers that list out a new coin.I dont see it to be a compulsory thing but i do see it as a must-thing to be done.