Algorand (ALGO) now available for trading on Bitpanda – join our ALGO trading competition!
Algorand (ALGO), the decentralized, secure, and scalable blockchain project, recently held a trading competition on Bitpanda, and the winners have been announced. The competition, which ran from February 25th to March 4th, aimed to celebrate the listing of ALGO on Bitpanda.
The competition saw intense trading activity, with over 100 participants vying for the top prizes. The winners were determined based on their trading performance during the competition period.
The top five traders emerged as the biggest winners. The first-place winner walked away with an impressive €2,000 worth of ALGO. The second to fifth-place winners received €1,250, €800, €800, and €400 in ALGO, respectively.
In addition, 100 traders who were not residents of the Republic of Turkey, held a BEST VIP level 1 or above, and traded any amount of ALGO were randomly selected to receive €150 worth of Bitcoin (BTC) each.
All prizes for the competition have already been paid out. The winners were credited within one week to their Bitpanda ALGO wallets.
Algorand, founded by Silvio Micali in 2017, is a private corporation headquartered in Boston, Massachusetts, USA. The Algorand network uses a Pure Proof of Stake (Pure PoS) consensus mechanism, which allows for fast and secure transactions.
One of the key advantages of Algorand is its ability to finalize blocks within seconds, significantly reducing computational costs and transaction costs. This makes it an ideal choice for 'frictionless finance', as it solves the trilemma of high security, high speed, and low cost.
The native coin of Algorand, ALGO, can be used for transaction fees, DApp computations, staking, and earning. More information about the project can be found on Algorand's official website.
The terms and conditions for the competition can be found here. For those who missed out on this competition, keep an eye out for future opportunities to engage with Algorand on Bitpanda.
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