To welcome the Ethereum Cancun-Deneb "Dencun" upgrade, Bitrue, a leading cryptocurrency exchange, has announced an exhilarating new trading competition that has the crypto community buzzing. Slated to run from March 11th to March 25th, 2024, the contest invites traders to engage in spot trading of popular tokens including ETH, STRK, OP, and other hot layer 2 tokens. With a generous prize pool of 50,000 USDT up for grabs, participants are gearing up for what promises to be a fiercely competitive event.
Bitrue has also launched an exlusive limited-time offer where you can earn flexible returns of up to 20% APR on its earn feature "PowerPiggy" special for ETH and Layer 2 tokens from March 6th to March 13th.
What is Ethereum Cancun-Deneb "Dencun" Upgrade?
The Ethereum Cancun-Deneb ("Dencun") upgrade, scheduled for deployment on March 13, is a critical hard fork aimed at enhancing the blockchain's scalability, efficiency, and security. Key to this upgrade is the implementation of various Ethereum Improvement Proposals (EIPs), with EIP-4844 for proto-danksharding being particularly noteworthy. This upgrade is designed to reduce gas fees and improve network scalability by optimizing transaction processing.
Dencun signifies the start of "The Surge" phase in Ethereum's development roadmap, focusing on mass scalability through layer 2 rollups. These rollups are intended to boost Ethereum's scalability and efficiency by handling transactions off-chain, thus making the network more accessible and user-friendly, especially in applications like DeFi 2.0.
EIP-4844, or Proto-Danksharding, plays a significant role in this upgrade by introducing temporary data blobs for more efficient data handling and reduced processing costs. This aims to lower user gas fees to potentially below $0.01 and increase network throughput to up to 100,000 transactions per second (TPS), supporting layer-two scaling solutions by providing them with additional temporary storage space.
Competition Details
The event is scheduled to commence at 10:00 (UTC) on March 11th, 2024, and will conclude at 10:00 (UTC) on March 25th, 2024. Traders will have the opportunity to trade a selection of tokens including popular L2 tokens such as ETH, STRK, ARB, OP, MATIC, AVAX, RONIN, MANTA, ZETA, ATOM, ZKF, and DYM.
A unique aspect of this competition is that the total prize pool is contingent upon the number of participants. Should the event attract 5,000 traders, the maximum prize pool of 50,000 USDT will be unlocked. Participants are encouraged to invite friends to join in the excitement and contribute to unlocking the substantial reward.
Prize Distribution
Upon the conclusion of the competition, Bitrue will allocate the prize pool based on the trading volume of each participant. Traders interested in joining the fray must register manually for the event, and only spot transactions that meet the specified criteria will be considered towards the prize pool sharing.
Reward Structure
The competition adopts a spot trading contest framework, where rewards will be dynamically set according to the handling fees generated during the event. The initial reward ratio is tentatively set at 30% of the handling fees, subject to manual adjustments in cases of uneven distribution among a limited number of participants.
Read More: Ethereum Dencun Upgrade ETH
20% APR on Bitrue's PowerPiggy to Celebrate Dencun Upgrade
In anticipation of the Ethereum Dencun upgrade, Bitrue has unveiled a limited-time PowerPiggy promotion, offering an opportunity to earn flexible returns of up to 20% APR on ETH and Layer2 tokens. This special offer is available from March 6th to March 13th and includes a selection of eligible tokens such as ETH, ARB, OP, STRK, MATIC, MNT, MANTA, IMX, SKL, METIS, LRC, and RONIN.
The initiative aims to celebrate the forthcoming Dencun upgrade by providing Bitrue users with enhanced earning potentials.
Click here to see Bitrue's PowerPiggy Offers and Products.
Bitrue's Commitment to Fair Play
Bitrue emphasizes its commitment to maintaining the integrity of the competition. The exchange reserves the right to alter, suspend, or cancel the event at its discretion. Any attempt at cheating, manipulation, or fraudulent behavior will lead to immediate disqualification. Moreover, Bitrue accounts are strictly for the use of registrants, with the exchange retaining the authority to suspend or revoke access if misused.
By participating in this trading competition, entrants acknowledge their understanding and agreement to adhere to the terms and conditions laid out by Bitrue. The exchange holds the final say in the interpretation of these rules, ensuring a fair and transparent contest for all involved.
This trading competition represents not just an opportunity for traders to showcase their skills and earn significant rewards but also underscores Bitrue's dedication to enriching the trading experience for its users. With excitement building up, the crypto community eagerly anticipates the kickoff of what is poised to be an unforgettable trading spectacle.
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Bitrue Official Website:
Website: https://www.bitrue.com/
Sign Up: https://www.bitrue.com/user/register
Website: https://www.bitrue.com/
Sign Up: https://www.bitrue.com/user/register
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