NFT
Crypto alternate 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 alternate’s “Soccer Competition” forward of the 2022 FIFA World Cup in Qatar.
OKX Provides Soccer Followers a Likelihood to Compete For $1M in Spot Prizes
OKX, one of many greatest crypto exchanges on the planet, unveiled the OKX Soccer Competition at this time forward of the upcoming 2022 FIFA World Cup in Qatar. The pageant 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 be capable 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 break up spot rewards of 20,000 USDT every time their crew advances by means of the group phases, with the prize swimming pools for every eradicated crew being transferred to the crew that knocks them out. OKX will add 10 USDT to the prize pool for every NFT minted.3 Customers can be allowed to take part within the occasion with any ETH pockets.”
OKX presents $3M complete prize pool because it bridges Web3 and soccer
A Crypto Buying and selling Competitors With $2M in Whole Rewards
Afterward, gamers will be capable to compete within the second occasion, the OKX Soccer Cup Buying and selling Competitors, the place they’ll win rewards utilizing their crypto buying and selling expertise. On this competitors, groups of a minimal of 10 merchants will struggle for the full prize of as much as $2 million, along with different prizes like new person and referral rewards.
Haider Rafique, Chief Advertising and marketing Officer of OKX, mentioned the crypto alternate continues to speculate aggressively in its Web3 Pockets and NFT platforms, including the Soccer Competition “is just the start of the brand new alternatives we’ll offer.” Whereas there are lower than two weeks till the World Cup, OKX’s pageant comes amid a difficult interval for the NFT market, which has seen a big droop in gross sales in 2022.
OKX’s new initiative comes only a month after South Korean authorities requested the crypto alternate to freeze thousands and 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.
