News • 3 min read
Bitpanda just added another token for you. Avalanche (AVAX) has joined the ranks of our assets and you can now trade and win in our AVAX trading competition. Trade now to win - great prizes with a total value of €5,000 await the best traders.
After presenting the latest additions to our asset family on Bitpanda - ANT, BTT, DGB and OCEAN - we have added the next token for you to trade! Bring on Avalanche (AVAX) and the next trading competition for our best traders is about to start!
Avalanche was founded by Cornell University computer scientists Emin Gün Sirer, Kevin Sekniqi and Ted Yin. Avalanche is built on Avalanche Consensus, a novel approach to consensus introduced in 2018. Development is being led by Ava Labs, with a community of open source developers supporting and expanding its utility. Avalanche finalises transactions instantly, with fees that are just a fraction of those on Ethereum, keeping decentralised finance (DeFi) accessible to users of all sizes and unlocking use cases that are not possible with slower platforms. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.
AVAX is the native token of the Avalanche project and is used for paying for fees, securing the network through staking and providing a basic account unit between the multiple subnetworks on the Avalanche platform.
Avalanche is backed by leading investors, including Andreessen Horowitz, Initialized Capital, Galaxy Digital, Polychain Capital, Bitmain, Naval Ravikant, and Balaji Srinivasan and raised $42M in just 4.5 hrs in a public sale.
Find out more about Avalanche (AVAX) on their official website.
Bitpanda is celebrating the listing of AVAX on Bitpanda, so make sure you don’t miss our trading competition to win great prizes! The AVAX trading competition starts at 12:00 PM CET on the 10th of February, 2021 and ends at 11:59 AM CET on the 17th of February, 2021. Ready to win? Here are the prizes:
The trader ranked in first place with the highest total amount of AVAX purchased will receive €1,000 in AVAX!
The traders ranked between 2nd to 5th place with the highest total amount of AVAX purchased will each receive €500 in AVAX!
The traders ranked between 6th to 10th with the highest total amount of AVAX purchased will each receive €400 in AVAX!
As a bonus prize, 25 randomly selected traders (outside of the winners from the prizes listed above) who are not residents of the Republic of Turkey, who are BEST VIP level 1 and above and who trade any amount of AVAX will be randomly selected to receive €200 worth of Bitcoin (BTC) each!
Please note that the exclusion of the residents of the Republic of Turkey from being selected as VIP-Winners is based solely on the legal requirements of the Republic of Turkey.
Good luck everyone - trade AVAX now!
You can read the terms and conditions here and we will credit the winners within one week to their Bitpanda AVAX wallets.
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