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?
It is one of the marketing strategy if ever there are some of the exchange platform doing this type of methods. Probably, through this they could get more investors/traders to use their trading platform and also getting new altcoins that would like to use their exchange platform as well.