The Catex cryptocurrency and mining platform launches two new trading pairs: XRP/TRX and EOS/TRX. And it’s holding 75,000 Tronix (TRX) trading competition that will last from April 3rd to April 13th. This is part of a campaign orchestrated along with the Tron Foundation and Justin Sun (Tron’s founder and CEO).
You may ask yourself why this is news, and you’d be right to do so. Well, there are several reasons.
One reason is that Tron keeps getting traded in more and more cryptocurrency exchange platforms all over the world. That means it’s getting easier to acquire Tronix tokens all the time, which is excellent news for Tron’s expansion, success and ability to have new members join the community because owning at least a few tokens is crucial to enjoying the Tron’s network features and benefits.
The actual pairings that are on offer are also newsworthy because they’re quite interesting. They will give analysts an objective way to compare Tronix performance against two quite important currencies. First, there’s the XRP pairing. This pairing matters because XRP has been the crypto verse’s most profitable coin for two years in a row (2017 and 2018) and it could turn out to also be the most profitable one this year.
So having a way to see precisely how TRX does against that kind of coin will be very revealing regarding financial success for the token. Then there’s the EOS pairing which is also quite exciting for different reasons. EOS and Tron are very similar third-generation blockchain projects which are centered about deploying decentralized applications and smart contracts more than a digital asset.
They’re very similar in many ways (they’re both considered the blockchains that are currently challenging Ethereum’s dominance), and they went independent from Ethereum at basically the same time. Tron and EOS are in direct competition when it comes to, and this pairing gives us direct competition in economic terms.
Catex Exchange events & developments
1. https://t.co/6haZPeFjJr was list on CMC!!!
2. 75,000 Tron Trading Competition until April 13th
3. Dice game competition (giving away 100% of profits to winners)
4. Weekly buyback and burn of catt token from circulating supply pic.twitter.com/k3y0zrm9D1
— Catex Exchange (@catexofficial) April 7, 2019
So having both coins paired against each other offers analysts a measure that compares two very similar networks that are fighting tooth and nail amongst them to become the world’s foremost network for dApps. It would be great to have those very pairings available in other exchanges as well.
And now, the contest.
The point in the contest is to trade in TRX in such a way that its value is maximized against its USDT/BTC/ETC/CATT pairings (CATT is the platform’s native token). There’s a live leaderboard that you can see at all times at https://www.catex.io/report/trx.
The contest winner will be awarded 30k TRX, with 15k for the second best, 5k for the third. Places 4th to 10th will get 20k amongst them, and a lucky guy from those who hit the 11-20 spots will be selected to get 5k Tron.
The Catex platform is unique because it includes a mining component, and it’s not just about trading like, say, Binance. But if you think you have what it takes to make your Tron grow like the champions, then this is a good chance for you to earn a lot of TRX and the bragging rights to say you won a worldwide cryptocurrency contest.
Image courtesy of Pixabay.
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