Countdown to Halving: Anticipation and Excitement in the Crypto Community
Judging by the blog's title, you might be thinking, "Ugh, another dull article about halving.." Well, hold up a second. I know I've already written about halving before (which you can read here btw), but I've got something important to share. Litecoin, one of the earliest altcoins ever created, is gearing up for its 3rd halving.
If you thought that only Bitcoin goes through halving, don't worry, I used to think the same, and yup, we couldn't have been more wrong. As a matter of fact, there are quite a lot of tokens that go through the halving process as well.
Halving, in simple terms, is when the rewards given to miners are reduced by half after a certain period. This reduction happens regularly until the maximum supply of the coin is reached. The purpose of halving is to limit the number of new coins entering circulation, creating scarcity and increasing the coin's value over time. When a coin undergoes halving, it is programmed into its code, and participants in the network are informed in advance.
That's exactly what we can expect from Litecoin's upcoming halving. While the date might change, many crypto enthusiasts are eagerly anticipating Litecoin's 3rd halving on August 3.
In line with Litecoin's much-anticipated halving, KuCoin, the leading crypto exchange, is launching a Litecoin futures trading frenzy event. What better way to count down to Litecoin's halving than by participating in this exciting campaign that KuCoin has prepared for its users?
Image from KuCoin
There are four fun activities that all qualified KuCoin users (including myself) can take part in. To be honest, I was so captivated by all the activities in this campaign that I ended up signing up for a chance to win a share of the 80,000 prize pool. If you want to know what made me want to join this event, just keep reading!
In the first activity, users who have traded any LTC contract on KuCoin have a chance to win a USDT reward. There's a leaderboard that shows the top 30 users, adding even more excitement to the event. Don't worry though if you can't make it to the top 30 on the leaderboard. In Event 2, there's still an opportunity for you to win a share of the USDT prize pool worth 20,000. Just make sure your futures trading volume exceeds 5,000 USDT, and you'll be eligible to participate and have a shot at winning.
Among the four activities, the third is probably the easiest to complete. To be qualified to win a 10 USDT trial fund on the third activity, all participating users must complete just two criteria. You must tag @KuCoinFutures and then tweet a screenshot of your profit in order to complete these two steps. Simple, right? Twenty lucky users who get the 10 USDT trial fund prize will be chosen at random by KuCoin.
Finally, let's talk about the 4th and last event - the daily trading competition. Every day during the event, the first 10 users who reach a trading volume of over 10,000 USDT on KuCoin will each receive a 300 USDT deduction coupon. Just remember, the daily event begins at 14:00 and resets at 14:00 (UTC).
No matter which activity you prefer, feel free to join any or even all of them as long as you meet the qualifications. The only question is, when will you join? Remember, the event has already started, and it will only last until July 28th. So if you would like to be part of this event, register now.
