Algorand (ALGO) has been added to Bitpanda's roster of assets, and they're inviting you to participate in their ALGO trading competition.
Algorand, a decentralized, secure, and scalable blockchain project, has recently been added to Bitpanda's asset family for trading. The listing is celebrated with an ALGO trading competition, starting at 12:00 PM CET on the 25th of February, 2021, and ending at 11:59 AM CET on the 4th of March, 2021.
The Algorand network operates on a unique Pure Proof of Stake (Pure PoS) consensus mechanism, aiming to solve the 'trilemma' of high security, high speed, and low cost. Algorand's native coin, ALGO, can be used for transaction fees, DApp computations, staking, and earning.
The ALGO trading competition on Bitpanda PRO offers exciting rewards for participants. The first-place winner will receive €2,000 in ALGO, while the traders ranked 2nd to 5th place will each receive €1,250 in ALGO. The traders ranked 6th to 10th will each receive €800 in ALGO, and the traders ranked 11th to 20th will each receive €400 in ALGO.
In addition, a bonus prize of €150 worth of Bitcoin (BTC) is available for traders who trade any amount of ALGO during the competition. Furthermore, 100 traders, who are BEST VIP level 1 and above and not residents of the Republic of Turkey, will receive €150 worth of Bitcoin (BTC) each.
The winners will be credited within one week to their Bitpanda ALGO wallet. It's important to note that the competition is not open to residents of the Republic of Turkey for VIP-related prizes. The terms and conditions for the competition can be found on the Bitpanda website.
Algorand finalizes blocks within seconds, reducing computational costs. More information about Algorand (ALGO) can be found on their official website. For those interested in tracking the price development of the ALGO coin during the trading competition, cryptocurrency data tracking services like CoinTracking.info provide detailed trade statistics, price charts, and historical data for ALGO and other cryptocurrencies.
Bitpanda itself, specifically through its Bitpanda PRO trading platform, added Algorand (ALGO) to trading on February 25, 2021. Join the ALGO trading competition and explore the potential of this innovative blockchain project!
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