On December 4th, COINOTAG News reported the launch of the XRP Trading Team Battle by Gate, commencing at 20:00 on December 3, 2024, and concluding on December 10, 2024 (UTC+8). This innovative competition invites users to assemble XRP trading teams to collaborate with peers and engage in spot trading, with a total prize pool of $50,000 in rewards. Participants can benefit from several incentive structures, enhancing the competitive nature of the event.
The contest features a Team Ranking Award that could yield up to $20,000, distributed based on each team member’s XRP trading volume. Moreover, participants stand a chance to win the Team Lucky Prize worth $5,000, to be shared among 500 fortunate users, each receiving $10. New entrants can further benefit from the New User Exclusive Reward, totaling $25,000, which will be available to individuals who register during the event, complete identity verification, and execute at least 10 XRP spot trades, with rewards granted on a first-come, first-served basis.