The market is green again, and as an OG trader I know a lot of platforms could be rolling out various competitions to build liquidity and also reward users. I actually lost a lot to memecoins recently and I'm looking to build up my liquidity via bounties, competitions etc now that the market is a little bit stable hence this thread.
So for those that are familiar, how do you approach a trading competition and is there anyone ongoing that you know? You can send the links below.
I think almost all exchanges offers a trading competition where you would have to join their competition to be able to share a specific amount of coin after competition ends, and yes I have never made out that time and chance to belong or join one because I can't afford to raise the amount required to join to trade with them. Most of the exchange offer trading competition from $500-$1000 above against the required newly listed coin and token when listed on their exchange, most of this competitions are being hosted by the token owners just to attract more liquidity to their coin, most times people lose or those who ends up holding those coin in their accounts usually ends up becoming victim of those coin due to lack of proper research because most of the rewards are being sent in the coin you traded on.