OKX Kicks Off NFT Competiton with $1M Prize Ahead of the World Cup

NFT

Crypto trade OKX is launching the NFT Soccer Cup with $1 million in spot rewards, the corporate introduced in a press launch Tuesday. The cup comes as part of the trade’s “Soccer Pageant” forward of the 2022 FIFA World Cup in Qatar.

OKX Provides Soccer Followers a Probability to Compete For $1M in Spot Prizes

OKX, one of many greatest crypto exchanges on the planet, unveiled the OKX Soccer Pageant in the present day forward of the upcoming 2022 FIFA World Cup in Qatar. The competition contains three main occasions together with the NFT Soccer Cup, the 2022 OKX Soccer Cup Buying and selling Competitors, and the Earn Tremendous Hatrick.

The NFT Soccer Cup is a contest that provides a complete of $1 million in spot rewards to gamers. As of Nov. 8, soccer fans will have the ability to mint as much as three free non-fungible tokens (NFTs) related to their favourite nationwide groups and compete for USDT spot rewards. Followers can participate within the competitors utilizing any Ethereum pockets.

“NFT holders will cut up spot rewards of 20,000 USDT every time their group advances by the group levels, with the prize swimming pools for every eradicated group being transferred to the group that knocks them out. OKX will add 10 USDT to the prize pool for every NFT minted.3 Customers might be allowed to take part within the occasion with any ETH pockets.”

OKX provides $3M complete prize pool because it bridges Web3 and soccer

A Crypto Buying and selling Competitors With $2M in Whole Rewards

In a while, gamers will have the ability to compete within the second occasion, the OKX Soccer Cup Buying and selling Competitors, the place they will win rewards utilizing their crypto buying and selling abilities. On this competitors, groups of a minimal of 10 merchants will combat for the entire prize of as much as $2 million, along with different prizes like new person and referral rewards.

Haider Rafique, Chief Advertising Officer of OKX, stated the crypto trade continues to take a position aggressively in its Web3 Pockets and NFT platforms, including the Soccer Pageant “is barely the start of the brand new alternatives we’ll offer.” Whereas there are lower than two weeks till the World Cup, OKX’s competition comes amid a difficult interval for the NFT market, which has seen a big stoop in gross sales in 2022.

OKX’s new initiative comes only a month after South Korean authorities requested the crypto trade to freeze hundreds of thousands of {dollars} related to Do Kwon, founding father of Terraform Labs. South Korea has been after Kwon since TerraUSD and LUNA, crypto tokens issued by his firm, misplaced $60 billion in mixed market worth.