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We've Launched Bitcoin Halving-Themed Trading Competitions on Our Exchange and Web3 Wallet

Published on Mar 28, 2024

Updated on Apr 25, 2024

Today, we're excited to announce that we've opened entries for our Bitcoin halving-themed 'The Ultimate Bitcoin Rush' and 'OKX Web3 Bitcoin Drop' trading campaigns, featuring a prize pool worth over 10 BTC.

Registration for 'The Ultimate Bitcoin Rush' has begun, while registration for 'OKX Web3 Bitcoin Drop' begins on March 25, 2024.

'The Ultimate Bitcoin Rush,' running from April 8, 2024, to April 26, 2024, is a CeFi trading competition that invites both teams and individuals to register and compete for an opportunity to claim a share of a 10 BTC prize pool.

Eligible users must register and join a team on the trading competition landing page from now until April 7, 2024 at 23:59 (UTC+8). Rewards will be allocated to the top 20 teams based on team profit percentage. Additionally, the top 15 traders will receive rewards based on their individual profit amount.

New users who registered for an OKX account after March 18, 2024 at 00:00 (UTC+8) will also receive a 10% boost to their score on both the 'Team' and 'Individual' leaderboards, providing them with an exclusive edge in the competition. Participating contracts for this competition include all USDT perpetual futures trading pairs.

Our 'OKX Web3 Bitcoin Drop' is a Web3-focused campaign aimed at increasing engagement in the Bitcoin network, giving one lucky participant the opportunity to win 1 BTC.

To join the campaign, eligible users must register on the campaign's landing page, hold ≥ 0.0005 BTC during the event, make at least one BTC transaction via OKX Wallet, conduct a BTC cross-chain swap on our OKX DEX aggregator, trade Ordinals or Atomicals assets on our OKX Marketplace and complete social media tasks, such as following OKX Web3 on X (previously known as Twitter).

Our Chief Commercial Officer Lennix Lai said: "We're excited to launch 'The Ultimate Bitcoin Rush' and the 'OKX Web3 Bitcoin Drop' campaigns. 'The Ultimate Bitcoin Rush' aims to encourage engagement from the trading community while providing new and existing users an opportunity to showcase their trading skills. Our 'OKX Web3 Bitcoin Drop' campaign furthers this engagement on the Bitcoin network by rewarding our Web3 users. As we approach the next Bitcoin halving, we believe this is the perfect time to interact with our community, and reward our top traders and Web3 users."

Besides our 'OKX Web3 Bitcoin Drop' campaign, we've also collaborated with Bitcoin ecosystem projects like BounceBit, Merlin Chain and BOB to launch Bitcoin halving-themed campaigns. This provides eligible users with the opportunity to take part in a series of Bitcoin-themed activities and earn rewards.

Bitcoin halvings, happening every 210,000 blocks, are a feature programmed by Bitcoin's creator, Satoshi Nakamoto, that cuts the reward for mining Bitcoin transactions in half. Bitcoin halving events are believed to help regulate Bitcoin's inflation and preserve its worth by mimicking the limited availability of precious metals. The next halving in April 2024 will decrease the reward from 6.25 to 3.125 BTC. This scarcity has contributed to Bitcoin's price appreciation over time, making halving events significant as they introduce a deflationary aspect to Bitcoin.

For more information on OKX's activities related to the Bitcoin halving, visit: okx.com/landingpage/btc-halving

Note: Not all products are available in all regions. OKX reserves the right to determine and amend the rules of the campaign at any time without further notice, including but not limited to canceling, extending, or terminating this campaign, modifying the eligibility conditions for users participating in the campaign, and adjusting the campaign and reward rules. For the campaign's full terms and conditions, click here.

Disclaimer

This article may cover content on products that are not available in your region. It is provided for general informational purposes only, no responsibility or liability is accepted for any errors of fact or omission expressed herein. It represents the personal views of the author(s) and it does not represent the views of OKX. It is not intended to provide advice of any kind, including but not limited to: (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. OKX Web3 features, including OKX Web3 Wallet and OKX NFT Marketplace, are subject to separate terms of service at www.okx.com.
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