ZIL Trading Competition, 100,000 ZIL to Give Away!

At Bitbns, a new listing comes with a sleek trading contest with jaw-dropping rewards.

Recently, we listed ZIL / USDT trade pair. And here’s your new trading contest for the same.

Check out the details below.

Contest Details:

Total Reward: 100,000 ZIL Token ( Roughly $2500 worth at current rate)

Start Date: 16/06/2020, 19:00:00 PM IST Hours

End Date: 19/06/2020, 19:00:00 PM IST Hours

Unlock Volume: 1 ZIL will be unlocked on trading 5$ worth of zil

How it Works:

Unlock Mechanism:

There’s 100000 ZIL waiting to be unlocked. Each time ZIL gets traded(including buys & sells) on Bitbns, ZIL worth double the fees collected from the trade will be unlocked. This would continue till the total unlocked token volume reaches 100,000 ZIL Token.

For example: If you trade for 5 USDT worth of ZIL, which would cost you 0.0125 USDT as fees (5*0.25% = 0.0125 USD), 0.025 USDT worth of ZIL (Which is 1 ZIL currently) will be unlocked.

How much you will Earn:

Let’s say the total trading volume is worth 500000 USDT and suppose then 100,000 ZIL has been unlocked. So your share of ZIL would be:

( Your volume traded during the contest in USDT / Total Volume traded during the contest ) * unlocked tokens

For example, you traded 1000 USDT worth of ZIL during the contest. You would earn:

(1000 / 500000)*100000= 200 ZIL

200 ZIL. = 200*0.025 USD = 5 USD. Fees you paid was 2.5 USD. So double of what you paid for

You pay 0.25 USDT fee for 100 USDT trade. But you get double of what you pay in fees as rewards.