☕️The Morning Cup: Counting down to the World Cup 2022 with Poloniex
Good morning, good day, and good evening. Welcome back to The Morning Cup. It’s your weekly recap of the latest in crypto news and your start to the week, no matter where you are. Don’t worry, we’ve selected just what you need to stay up-to-date, so you won’t spend time pouring through the news you don’t need, only the news you care about.
🚨First up, Cross Margin Trading is LIVE on Poloniex!!
AND we’ve changed our fee structure for futures traders, bringing regular users the lowest fees for trading USDT-margined perpetual contracts among all exchanges! Check out the full announcement here.
So what happened this week?
The crypto market was volatile last week because of the FTX meltdown. SOL, the native token of the Solana’s blockchain which has close ties with FTX, is down 50% over the week. SOL is now trading at $13.10. Meanwhile, Bitcoin (BTC) fell 225 in the seven-day stretch through Sunday, according to CoinDesk. BTC is now trading at 16,139 while Ether (ETH) is now at 1,193. As for the 24H gainers on Poloniex are MVL/USDT, GMX/USDT, BTT/TRX, ETH/TRX, NFT/TRX and XRP/TRX.
Counting down to Qatar 2022 with Poloniex
As the World Cup 2022 is around the corner, Poloniex has launched a virtual carnival, named “Poloniex FIFA World Cup Carnival”, which allows users to trade fan tokens to split a prize pool of $100,000 from now onwards until December 19 so that we can all celebrate this international sporting event with people around the world. More details are as follows:
Part 1: Collect Fan Token Badges to Share $50,000
Participants can get Fan Token Badges through registration and login during the promotion period and they can also get a badge through trading, inviting friends as well as interacting on social media. Click here to find out more!
Part 2: Predict the Results to Win from $50,000
Who do you think will win? Click this link to guess the match results from the Round of 16, Quarter finals, Semi finals to Final to feel the World Cup fever around the globe!
Learn & Earn campaign
Poloniex has also listed these fan tokens, ASR, JUV, ACM, CITY, PSG and AFC, ahead of the World Cup. Now, you can answer relevant quizzes to share a prize pool of $120,000. Check this out!
More campaigns on the World Cup 2022
Our recap of ongoing campaigns that YOU can get involved in!
🧑🚀Space Traveller Campaigns to Celebrate the FIFA World Cup Qatar 2022! (Runs until December 2022)
Also, Poloniex encourges you to become a KOL to win a Commission of up to 60% and Share 10,000 USDT (10/1–12/31/22)
New Listings on Poloniex
Here’s what we’ve listed recently:
New Coins
⚽️Fan tokens
Futures
Polopedia
GMX, a unique decentralized exchange, was covered this week in Polopedia.
Crypto Glossary
This week we are going to explain the term, Fish/ Minnow. Different from a Whale, a fish/ minnow refers to someone with small amounts of cryptocurrency who has little influence on the crypto market and price movements. This person is often at the mercy of Whales. However, a Fish/ Minnow can change its “fate”, evolving into a Dolphin and even a Whale with increasing holdings.
What’s happening here at Poloniex?
This is what Poloniex’s week looked like
Highlights for the week
The community megaphone📢
Highlights from the community
And that about covers it for this week! Curious about our campaigns or upcoming events? Give us a shout in our Telegram channel-
Is there anything you’d want to see us cover in our newsletter? Make sure to comment on this Medium article! Just want to show your appreciation? Smash that clap button and give a round of applause👏
Thanks for spending some time with us as we went over what’s going on. And wherever you are, from the team here at Poloniex, good morning, good day, and good evening!
