Spot Trading Feast Analysis!!

Many brothers find it difficult to understand the trading feast and think it is too complicated.

They also don't know how to participate, so Brother Xingchen will give everyone a detailed explanation this time!!

Reward Token: XPL Benchmark Price 0.15U

Competition Token Quantity: 4.06 million XPL Total Value 600,000 USD

Eligible Trading Pairs: BNB, CAKE LINK ASTER

XPL. Please refer to the image below.

The difference between this event and previous trading activities lies in the structure of the prize pool:

First Place: 10% Token Reward 406,000, worth 60,000 USD.

Second Place: 8% Token Reward 324,800 worth 48,700 USD.

Third Place: 6% Token Reward 243,600 worth 36,500 USD.

Fourth Place: 4% Token Reward 162,400 worth 24,300 USD.

Fifth Place: 2% Token Reward 81,200 worth 12,200 USD.

6th-20th Place Share 20% of the prize pool, total token amount 812,000, each person gets 54,100 tokens, worth 8,115 USD.

21st-50th Place Share 16% of the prize pool, total token amount 649,600, each person can get 21,653 tokens, worth 3,248.

Other Participants: Share the remaining 34% of the prize pool, total token amount 1.377 million, with a total of 1,101 slots, individual limit of 1,250 tokens, worth 187 USD.

Additionally, there is the grid robot trading volume competition, with a total prize pool of 210,000 XPL tokens, 323 slots available, individual limit of 650 tokens, worth 97 USD. (Participation is recommended)

Summary: The competition for the top 50 places in the spot trading contest will be quite fierce, and beginners are not advised to participate, as the losses can be significant if they do not make the ranking (not making the ranking could result in losses of several thousand dollars). Therefore, everyone can participate in the later 1,250 token reward activity, which generally has more slots and won't be too competitive.