Home
Announcements
KuCoin x BitUniverse — Neutral Dollar (NUSD) International Grid Trading Competition

KuCoin x BitUniverse — Neutral Dollar (NUSD) International Grid Trading Competition

06/21/2019, 06:26:07

To celebrate the official listing of Neutral Dollar (NUSD) on KuCoin, KuCoin * BitUniverse * NUSD will co-host “NUSD International Grid Trading Competition”, with total award pool of 50,000 NUSD, helping users capture stable profits amid the current volatile market.

The Neutral Dollar (NUSD) is a metastable basket initially comprising of USDC, PAX, TUSD, and DAI. The NUSD basket itself is fully collateralized and inter-exchangeable with constituent stablecoins, with the ability to add new underlying stablecoins in the future. The construction is designed to be liquidity- and exchange- neutral, enabling the Neutral Dollar to have merits and applications that no individual stablecoin project alone can exhibit. The Neutral team believes the NUSD is a compelling use case for a more stable instrument for trading, hedging and investing - and also a way to facilitate broader stablecoin usage for users to serve every stablecoin need.

Join the Competition and Register now: http://bit.ly/2HVG2DW

Join the Competition Telegram：https://t.me/butrader

1. Competition Time

The Competition will run from 10:00:00 AM on June 06, 2019 to 10:00:00 AM on June 21, 2019 (UTC+8).

2. Competition Rules

The Competition is comprised of two sections: Participation Awards & Trading Awards. Total Award Pool: 50,000 NUSD.

Participation Award: Win a total of 45,000 NUSD!

The Competition will run from 10:00:00 AM on June 06, 2019 to 10:00:00 AM on June 21, 2019 (UTC+8).

Competition rules:

1). Qualification prerequisite: user must register with KuCoin and BitUniverse and execute Grid trading for NUSD pairs.

2). Award-winning requirements: to qualify for the reward, during the competition period, users must execute Grid trading for NUSD pairs, each single order amount shall be ≧ $100，AND, Grid trading execution shall be ≧ 12 hours, AND, total transaction frequency shall be ≧ 30 times.

3). For new users of BitUniverse, each winner is awarded 10 NUSD; for existing users of BitUniverse, each qualified winner is awarded with one-month BitUniverse VIP membership valued at 20 USD .

4). Lucky Draw: one lucky user is drawn each day, the winner will be awarded with extra 100 NUSD, for 15 consecutive days during the competition period (15 winners in total).

How to Get Lucky Draw: During the event, all users who meet the “Award Conditions” and subscribe to the official Twitter @kucoincom, @neutral_project and @bituniverse_org and Retweet this competition tweet will stand a chance each day to win the award of 100 NUSD.

How to conduct the lucky draw: at 10:00 (UTC+8) every day, the last two digits of the latest produced BTC block height would be recorded, the user whose ranking is closest to the two digits number would win the luck draw (ranking based on annualized rate of return among all participants)

Profitability Award: Win a total of 5,000 NUSD!

The Competition will run from 10:00:00 AM on June 18, 2019 to 10:00:00 AM on June 21, 2019 (UTC+8).

Profitability Reward (based on annualized rate of return) 3 prizes will be offered!

To qualify for the reward, during the competition period, users must execute Grid trading for NUSD pairs, each single order amount shall be ≧ $100，AND, Grid trading execution shall be ≧ 12 hours, AND, total transaction frequency shall be ≧ 30 times.

Gold Prize: 500 NUSD 1 winner

Silver Prize: 300 NUSD 1 winner

Bronze Prize: 200 NUSD 1 winner

Absolute Profit Reward (based on dollar amount of profit) 9 prizes will be offered!

To qualify for the reward, during the competition period, users must execute Grid trading for NUSD pairs, each single order amount shall be ≧ $100，AND, Grid trading execution shall be ≧ 12 hours, AND, total transaction frequency shall be ≧ 30 times.

1st Prize: 1000 NUSD 1 winner

2nd Prize: 600 NUSD 2 winners

3rd Prize: 400 NUSD 3 winners

4th Prize: 200 NUSD 3 winners

* Each user would only win the prize once

* Prize winners would be announced in Chinese and English official communities and social media channels of KuCoin, BitUniverse and NUSD.

3. Note:

  • Final interpretation of the event is subject to KuCoin, BitUniverse and NUSD：
  • Effective trading volume: total volume of buy and sell, excluding intra-account transfers.
  • During the event, participants’ qualifications will be canceled in case of malignant trading volume fraud.
  • Awards will be granted within 2 weeks after the completion of event by KuCoin for NUSD prices, and by BitUniverse for BUB prizes
  • Risk reminder: cryptocurrency is an investment object with high risks. Investors shall stay cautious on potential risks. Hosts of the event shall not be held accountable for claims or insurance.

KuCoin Introduction

The KuCoin Exchange opened for cryptocurrency trading in September 2017 and enjoyed steady growth into 2018. The KuCoin exchange puts a high priority on the quality of the projects listed based on a well-trained research department that scours the blockchain industry for the highest-quality projects. KuCoin provides an exchange service for users to conduct digital asset transactions securely and efficiently. Over time, KuCoin aims to provide long-lasting, increased value to its more than five million registered users, in over 100 countries. In November 2018 ‘The People’s Exchange’ officially partnered with IDG Capital and Matrix Partners.

KuCoin Website：https://www.kucoin.com/

KuCoin Telegram：https://t.me/Kucoin_Exchange

BitUniverse Introduction

BitUniverse independently develops and initiatively applies Grid trading bot in cryptocurrencies. Within three months after the bot coming online, it has helped users earn more than 3 million USD. BitUniverse is an app integrating market data, auto portfolio and grid trading. Within 1 year after the release of the App, the number of downloads exceeds 1 million. The App has supported more than 200 exchanges, 6000 tokens and 10 exchanges for Grid trading bot.

BitUniverse provides trading tools for users to help them make more money in a swinging market. The tools are:

●Grid Trading Bot: in swinging market, the bot automatically proceeds “buy low and sell high” within certain price margin to earn more profits for users.

●Trailing Take Profit: during unilateral rise or drop, users can set trailing percent to maximize profitability.

●AI Strategy: on basis of historic pricing statistics analysis, optimal strategy can be automatically provided to help users with profit increasing.

BitUniverse website：https://www.bituniverse.org/

BitUniverse Telegram：https://t.me/butrader

BitUniverse website：https://www.bituniverse.org/

Neutral Dollar Introduction

The Neutral Dollar (NUSD) is a metastable basket initially comprising of USDC, PAX, TUSD, and DAI. The NUSD basket itself is fully collateralized and inter-exchangeable with constituent stablecoins, with the ability to add new underlying stablecoins in the future. The construction is designed to be liquidity- and exchange- neutral, enabling the Neutral Dollar to have merits and applications that no individual stablecoin project alone can exhibit. The Neutral team believes the NUSD is a compelling use case for a more stable instrument for trading, hedging and investing - and also a way to facilitate broader stablecoin usage for users to serve every stablecoin need.

In addition to KuCoin, the Neutral Dollar is accessible through a web client supported by MetaMask and ImToken. Further integration will be rolled out to several wallets such as Bixin, Infinito, etc. Nexo Earn will also support Neutral Dollar in a pilot program where users can earn 6.5% interest on their deposits.

Key Features

· Superior ‘metastability’ from an empirical and theoretical standpoint for all stablecoin use cases

· Innovative economic mechanism to aggregate liquidity for the underlying assets

· Access to change between diversified and individual stablecoin exposures for any specific application

· Autonomous, decentralized rebalancing of collateral through user participation

· Real-time transparency and verifiable on-chain settlement with better scalability

Neutral Dollar website: https://neutralproject.com/

Neutral Dollar purchase site: https://neutralproject.com/download.html

Neutral, founded in 2018, is a smart contract system offering superior financial instruments to the cryptocurrency space. Neutral’s core team comprises of experienced investors, quantitative traders, trading system developers, and is advised by Nobel Prize economists and financial industry experts. The company is backed by Sequoia Capital China and has offices in San Francisco, New York, and Beijing.