VALR, the Pantera-backed crypto exchange, is launching the biggest prize pool ever seen in crypto history with its Grand Slam of Trading Competitions. With more than 60 million $USDT in rewards, the program places VALR in a good position to compete with the likes of Binance and ByBit. Starting in May and running for 12 months, the project seeks to bring top traders from every corner of the globe. Major professional firms and the largest of retail traders expressed interest.
VALR Introduces Participation-Based Prize Schemes for Futures Trading Competitions
The Grand Slam of Trading Competitions will automatically enrol all users trading Perpetual Futures on VALR. The monthly prize pool will vary from 30,000 to 5 million USDT. It is based on the total trading volume across all futures pairs for the month. This approach to League rewards attempts to ensure that traders of all experience levels are a part of and benefit from the exchange’s development.
On top of the primary reward pool, VALR will hold month-long futures trading competitions with a prize pool of over 1 million USDT. It is schematic based on participation rather than volume. This mechanism tilts the field by allowing traders of all playing levels to compete on an equal footing and compete for benefit prizes.
VALR CEO Ehsani Champions Competitive Vision for Trading Initiatives
Farzam Ehsani, VALR’s Co-Founder and CEO, expresses his thoughts on the initiative. VALR has become very popular among the world’s major trading firms, who have lent their full support to the current campaign. Ehsani argued that the Grand Slam of Trading Competitions initiative aimed to make the world a competitive playing ground where individuals could contribute millions of dollars a year.
Established in 2018, VALR has grown to become a major player in the crypto sector. It represents more than 1000 commercial and institutional clients and half a million retail traders around the world. South Africa’s FSCA licenses VALR, and the first registration process with Dubai’s VARA and Poland’s Ministry of Finance. It has received $55 million from investors such as Pantera Capital, Coinbase Ventures, and Avon Ventures.
VALR is the best positioned to innovate the trading competition model by a significant margin. In addition to this, it is committed to catalyzing this growth and innovation-driven trading competition environment in the crypto space. It will also continuously provide traders with the most rewarding opportunities to participate in the vibrant evolving digital asset ecosystem.
