Koinex launches India’s First Ever IOST trading competition
Koinex, India’s most advanced digital exchange has yet again created a storm in the crypto-market by organizing the largest IOST token trading competition. This is one of its kind initiative to be launched in India which will merit the trading efficiency of the domestic crypto-community. This competition invites users to actively trade (buying, selling or both) in the IOST/ INR market while the competition is live. The winners will be decided basis the trade volume (buy and sell volumes) of IOST in the IOST/INR market throughout the contest week and there is total IOST tokens worth INR 50 lakh to be won. The contest went live on May 15,12:00 pm and will end onMay 21,11:59 pm.
Below is the distribution of tokens with respect to the trade volumes/ ranks (based on the total trade volume while the competition was live)
| Trade ranking | IOS token (IOST) rewards |
| 1 – 10 | 25000 |
| 11 – 20 | 15000 |
| 21 – 50 | 5000 |
| 51 – 100 | 2500 |
| 101 – 500 | 1000 |
| 501 – 1000 | 500 |
The reward tokens will be airdropped to the traders’ Koinex IOST wallets within two weeks after the trading competition ends.
The contest has already garnered a huge buzz in the market as over 1.2million IOST tokens were traded on Koinex within the first 2 hours of the contest and surely the trade numbers will be mindboggling by the end of the contest.
The rules and guidelines of the contest is clearly defined on Koinex (https://koinex.in/contest )
