tokens Posted October 14, 2020 Share Posted October 14, 2020 Win XRP in Tokens.net Trading Competition to Celebrate SPARK Token Utility Fork Tokens.net will support Flare utility fork for SPARK token with an upcoming snapshot scheduled for Dec 12, 2020. Read more about Flare Network and SPARK here >>> We are celebrating SPARK token utility fork with a trading competition on Tokens.net exchange. Want to earn more XRP and get more SPARK? You can enter the XRP competition Tokens.net is organizing to celebrate SPARK token utility fork. Start trading and earn a chance to win your share of the 100,000 XRP prize pool for 50 top traders. 1st position - 40,000 XRP 2nd position - 20,000 XRP 3rd position - 10,000 XRP 4th position - 7,500 XRP 5th position - 5,000 XRP 6th position - 2,500 XRP 7th position - 1,500 XRP 8th - 10th position - 1,000 XRP 11th - 15th position - 750 XRP 16th - 20th position - 500 XRP 21st - 25th position - 300 XRP 26th - 30th position - 200 XRP 31st - 35th position - 150 XRP 36th - 40th position - 100 XRP 41st - 50th position - 50 XRP How does the XRP trading competition work? Competition is open to anyone interested in trading on Tokens.net Top traders with the highest trading volumes will be announced winners and claim their XRP prize 100,000 XRP prize pool will be automatically distributed to top traders after the competition ends Start trading XRP and compete with other Tokens.net traders starting from Oct 19, 2020 P.S. Make sure to visit Fees & Bonuses to check your Level and trading competition bonuses. omegaapex, Jure, XRP_Trader and 1 other 3 1 Link to comment Share on other sites More sharing options...
XRP_Trader Posted October 14, 2020 Share Posted October 14, 2020 (edited) Wow, this seems huge. Isn't this the same Founder as Bitstamp? Bitstamp was the first XRPL Gateway, they must know what they're doing. Edited October 14, 2020 by XRP_Trader Link to comment Share on other sites More sharing options...
FOOD Posted October 15, 2020 Share Posted October 15, 2020 (edited) @tokens, looks interesting thanks! I take it you don't have an issue with "n-degree arbitrage trading", correct? I am not certain that is an industry-wide term, but it is a term that Bitrue has used and an act that is not allowed on their site. In fact, there are real life examples online of customers who have had their funds frozen and state that the communication from Bitrue is either very poor or non-existent.... sorry to get a bit side-tracked, but is this (n-degree arbitrage) a practice that: a) you've heard about? (and if so) b) you allow? Thank you! Also, if there is anybody who works for Bitrue or knows more about this, could you maybe shed some light and help clear this up? @BitrueOfficial Edited October 15, 2020 by EcneitapLatnem Jure, Fladams and imnotuncertain 3 Link to comment Share on other sites More sharing options...
pucksterpete Posted October 15, 2020 Share Posted October 15, 2020 6 hours ago, EcneitapLatnem said: n-degree arbitrage trading is there a difference between "n-degree arbitrage trading" and just "arbitrage trading"? back in the good old days, I was doing arbitrage trading between Gatehub & Bitstamp, when the spreads were nice. Both Gatehub & Bitstamp never had any problems with what I was doing FOOD 1 Link to comment Share on other sites More sharing options...
FOOD Posted October 15, 2020 Share Posted October 15, 2020 (edited) 24 minutes ago, pucksterpete said: is there a difference between "n-degree arbitrage trading" and just "arbitrage trading"? back in the good old days, I was doing arbitrage trading between Gatehub & Bitstamp, when the spreads were nice. Both Gatehub & Bitstamp never had any problems with what I was doing That is a great question! I am not certain. @BitrueOfficial has a rule against "n-degree arbitrage trading". In their "Terms of Use" they do state that they do not allow "n-degree arbitrage trading"... Terms of use can be found here: https://www.bitrue.com/exchange-web/footer/terms.html I used "control-f" to find it, but it is under part "4. User’s Guide of Bitrue Service"... now, I haven't spent a lot of time attempting to find out if the term in general is a "house" term.. but I couldn't find anybody else using it other than Bitrue... Also, it seems MANY people have the same problem when it comes to an issue with this term... and when they do, Bitrue ignores them completely, or makes it very hard for them to communicate... and they are holding their funds hostage.... there are plenty of examples on Twitter that echo this issue (although they don't necessarily state that n-degree arbitrage is the issue, but I have a feeling it is)... So, what the heII is n-degree arbitrage!? And if it is specific to Bitrue, why do they feel it is appropriate to make up a term and decide how to apply the rules?! Again, I am only going off of what I have read on social media, do not have a problem myself, and actually have assets on Bitrue... but damn... and it's been said out there... a simple message to the people could clear this up!!! (this message has not been examined for grammatical errors or subliminal messages) Edited October 15, 2020 by EcneitapLatnem their, there! pucksterpete and Fladams 2 Link to comment Share on other sites More sharing options...
XRP_Trader Posted October 15, 2020 Share Posted October 15, 2020 I just went through the Tokens TOS and nothing regarding arbitrage is stated. If it's not prohibited, then it is allowed pucksterpete and Jure 2 Link to comment Share on other sites More sharing options...
Jure Posted October 15, 2020 Share Posted October 15, 2020 23 hours ago, XRP_Trader said: Wow, this seems huge. Isn't this the same Founder as Bitstamp? Bitstamp was the first XRPL Gateway, they must know what they're doing. You are correct. Tokens.net was founded by Bitstamp cofounder Mr. Damian Merlak and is being managed by industry pioneers. XRP_Trader 1 Link to comment Share on other sites More sharing options...
pucksterpete Posted October 15, 2020 Share Posted October 15, 2020 Tokens.net should be able to answer you directly, but very starnge that Bitrue has a problem explaining. for me, unless I run a bot to arbitrage trade, its not worth it. (back in the day it was all manual for me) FOOD 1 Link to comment Share on other sites More sharing options...
tokens Posted October 15, 2020 Author Share Posted October 15, 2020 We at Tokens.net encourage all kinds of legitimate trading activities.Arbitrage trading is allowed. pucksterpete, XRP_Trader and FOOD 2 1 Link to comment Share on other sites More sharing options...
XRP_Trader Posted November 5, 2020 Share Posted November 5, 2020 Has anyone tried trading on Tokens for this competition? The threshold for the lowest rewards still seems very low. Trading only 150$ currently gets you a spot for a reward of 50 XRP What's the catch? Link to comment Share on other sites More sharing options...
Carlbell Posted November 5, 2020 Share Posted November 5, 2020 Big money in the house lol. Link to comment Share on other sites More sharing options...
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