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Namaste Tribe! *Drum rolls* Ether is (finally) listed on WazirX today! We also have a Bounty program today where you can win upto ₹5,000 worth of ETH and 5,000 WRX coins!! Excited? Read on!
But first, the ETH listing schedule
12th April, 2018
- ETH Deposits have started! You can transfer your ETH to your WazirX account
- 9 PM: ETH Trading starts. You can buy and sell ETH on WazirX
Bounty Program
A volatile market is every pro trader’s dream come true! And we’ve decided to add some fun to your trading experience on WazirX with our Bounty program! The winner(s) will be decided on the basis of the number of ETH trades executed.
1 trade = 1 buy or sell order executed
Contest duration: 9–11 pm IST on 12th April (tonight)
Bounty
- For highest number of trades: 5,000 WRX Coins + ₹5,000 worth of ETH
- For 2nd highest number of trades: 3,000 WRX Coins + ₹3,000 worth of ETH
- For 3rd highest number of trades: 2,000 WRX Coins + ₹2,000 worth of ETH
In case of a tie: The trader with higher trade volume will be considered as the winner.
See you at 9 pm tonight, and may the fastest fingers win! 🤞
Ether Trivia
ETH, a.k.a, Ether is a cryptocurrency (or “digital fuel”) that helps run the operations of Ethereum, a decentralized blockchain-based platform. Ethereum is the brainchild of Vitalik Buterin, who presented its whitepaper at the North American Bitcoin Conference in 2014. Major use cases of Ethereum are smart contract execution, building decentralized apps, and autonomous organizations.
While Bitcoin has a hard cap of 21M Bitcoins, Ether does not have a similar limit. Of the ether that does exist, 60M was purchased by users in a 2014 crowdfunding campaign. Another 12M was donated to Ethereum Foundation. 19M Ether, at most, are mined per year. 5 Ether are created roughly every 12 seconds, whenever a miner discovers a block, or a bundle of transactions.
Source: Coindesk, Ethereum.org, Hackeroon
- Trading price (past 24 hrs): ₹27K INR
- Global Market Cap (past 24 hrs): $41.7B USD
- Global Trading Volume (past 24 hrs): $1.5B USD
- All time high: $1.3K USD (~ ₹90K INR)
With the recently launched Maker-Taker trading fee model, now makers not only get zero fee trading, they also get an extra 0.20% on every trade! So if you place your buy/sell orders smartly, there’s a chance of you becoming a market maker, and win!
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
