Indodax Is Back Presenting Trading Competition, Winners Will Get Billions Of Rupiah Prizes

Indodax again presents a trading competition (photo: Indodax)

JAKARTA - Indodax, again held the Indodax Trading Competition. The event, which is now titled “Indodax Trading Fest 2022: Trading Beyond The Limits”, is Indodax's fourth trading competition event held with a much larger prize amount, after previously being held three years in a row in 2019, 2020, and 2021.

Indodax CEO Oscar Darmawan said that this trading competition was again carried out as Indodax's main commitment since its inception to continue to increase the interest and literacy of the Indonesian people towards the adoption of crypto investments.

"Based on data released from Commodity Futures Trading Regulatory Agency (BAPPEBTI) in February 2022, it shows that there are 12.4 million crypto investors in Indonesia. Even in the international arena, Indonesia together with Brazil is the country with the highest level of crypto ownership in the world with a percentage of 41%. As an industry player, I see that Indonesia's potential for the advancement of the crypto investment trend is very large," explained Oscar, in his release.

Oscar added that the great potential must of course be balanced with a sufficient level of literacy. For this reason, the main purpose of this trading competition is to increase public interest and literacy so that they are more aware of the existence of crypto as an alternative investment.

He also believes that the Indodax Trading Fest 2022 will be an event that has a positive impact, especially for Indonesian people who are not familiar with crypto or who still have minimal knowledge of it.

"Indodax Trading Fest 2022 is supported by a new trade engine, where the available features will be more sophisticated," he explained.

Indodax's new trade engine provides greater scalability to facilitate Crypto Asset transactions that continue to increase over time. Such as the Fill or Kill (FOK) feature which can make it easier for users to make transactions at specific prices in the Market Order method. There is also a Slippage protection feature that can protect against low liquidity in the market.

There are three categories that can be participated in the Indodax Trading Fest 2022 event. The categories are, Individual Category, Team Category, and Special Indodax Priority Category.

At Trading Fest 2022, participants are free to choose any crypto asset to trade except for crypto assets of the stablecoin type.

Oscar explained that the winner of the trading competition will not be determined from the final balance, but from the ROI percentage, in the sense that it will be judged based on the percentage of profits earned.

"So, indirectly, the public can participate in this trading competition with any capital, no matter how small, to get a total prize of billions of rupiah. In addition, we also have a side event in the form of a competition for users who have just downloaded the Indodax application on the Play Store & App Store," closed Oscar.

Registration for Indodax Trading Fest 2022 has been opened starting on July 18 and ending on August 1, 2022. The trading competition will last for a month starting from August 2 to September 2, 2022.