100k XRP Trading Competition on Tokens.net

[tokens]

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?

 

1. Competition is open to anyone interested in trading on Tokens.net
2. Top traders with the highest trading volumes will be announced winners and claim their XRP prize
3. 100,000 XRP prize pool will be automatically distributed to top traders after the competition ends
4. 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. 

[XRP_Trader]

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

[FOOD]

@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

[pucksterpete]

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]

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!

[XRP_Trader]

I just went through the Tokens TOS and nothing regarding arbitrage is stated. 

If it's not prohibited, then it is allowed  

[Jure]

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. 

[pucksterpete]

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)

[tokens]

We at Tokens.net encourage all kinds of legitimate trading activities.
Arbitrage trading is allowed.

[XRP_Trader]

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? 

[Carlbell]

Big money in the house lol.