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NUSD (Neutral Dollar) International Grid Trading Competition co-hosted by KuCoin and BitUniverse has come to a successful end

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NUSD (Neutral Dollar) International Grid Trading Competition co-hosted by KuCoin and BitUniverse has come to a successful end

June 27
12:56 2019

On 21th, June, NUSD (Neutral Dollar) World Grid Trading Competition came to a successful end with total prize pool of 50,000 NUSD.

This competition is co-hosted by KuCoin and BitUniverse. The prizes are offered according to Annualized Return Rate and actual Amount of Profits rankings of users running Grid Trading orders of NUSD pairs (TOMO/NUSD, CHR/NUSD, BTC/NUSD, USDT/NUSD). BitUniverse grid trading tools have helped users secure their stable profits in swinging market.

It’s learned that, nearly 2000 users attended this competition. The Gold Prize with highest Annualized Return Rate is won by Chinese user 861******743, with Annualized Return Rate as high as 3904.72%; Silver Prize is won by user man******.at with Annualized Return Rate 3573.62%.

In June, BTC is stabilized above the threshold of 9000USDT, Facebook issued white-paper of its stable-coin Libra, after the winter of cryptocurrency market in the year 2018, the world is expecting a “Bull Market” full of imaginations. With numerous new tokens issued and IEO projects rotating in various exchanges, besides the domination of stable-coin market by USDT, more players are joining the game as stable coin is the bridge linking fiat currency and cryptocurrency.

NUSD (Neutral Dollar) is backed by Sequoia Capital. 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.

On 17th, May, KuCoin officially announced its world-debut listing of NUSD, with support of deposit and trade functions.

It’s learned that, “Grid Trading” bot independently developed by BitUniverse is suitable for profit making in over 70% of the crypto market. During price ups and downs, user can trade stable coins using “Grid Trading” bot for stable profits. Among numerous quantitative tools and strategies, “Grid Trading” bot has won overwhelming reputation from users. BitUniverse becomes a rising star in cryptocurrency market of 2019. Grid Trading Competition is series of events introduced by BitUniverse with purposes of helping exchanges and projects in increasing token trading depth and volume.

From 6th to 21st, June, the 15-day NUSD (Neutral Dollar) World Grid Trading Competition is heated when hosting in KuCoin and BitUniverse communities. This is the second time of both parties co-hosting grid trading competition. The essence of Blockchain “Openness, Coordination, Win-win” is practiced repeatedly.

KuCoin, BitUniverse and NUSD (Neutral Dollar) are backed by top investment organizations such as Sequoia Capital, Banyan Capital, Shunwei Capital, IDG, ZhenFund. This event is jointly brought by the three parties to build “Community Consensus”. In the future, the three parties will have more collaborations with more depth, intimacy and broadness.

About KuCoin

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.

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