Indodax Trading Competition Held Again, Becomes A Competition And Digital Literacy Event For Crypto Asset Investment

JAKARTA - The Indodax Trading Competition event was held again for the fourth time. In 2022, the event will become a competition as well as education for the public about digital literacy and crypto asset investment.

The Indodax event this time is titled "INDODAX Trading Fest 2022: Trading Beyond The Limits" which is Indodax's fourth trading competition event with a much larger prize amount. Indodax provides prizes worth billions of rupiah for the winners.

The largest and most trusted crypto exchange company native to Indonesia, which has obtained a permit from the Commodity Futures Trading Regulatory Agency (BAPPEBTI) and serves 5.4 million verified members, provides trading in Bitcoin, Ethereum, Ripple, Polygon Matic and more than 200 crypto assets from around the world with price movements for 24 hours.

The annual competition will compete in 3 categories, namely the individual category, the team category, and the priority Indodax special category.

The Indodax Trading Competition has been held for three consecutive years, namely in 2019, 2020, and 2021. Through this event, there will be a lot of knowledge and experience that you will get of course.

In August, the Indodax Trading Competition will take place. Through this event, the company led by Oscar Darmawan also conveyed a mission to increase digital literacy and educate the public about crypto investment.

Indodax will hold the event more lively and lively this year, after seeing the public's interest and positive response last year.

In addition to holding an annual competition, Indodax, as a crypto exchange company, also has a mission to increase digital literacy as well as educate the Indonesian people about crypto investment. The winners of the Indodax Trading Competition will get prizes worth billions of rupiah.

The following is about the Indodax trading competition which will take place in August 2022.

1. Indodax Commits to Increasing Digital Literacy

Indodax CEO Oscar Darmawan said, this trading competition was again held 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 BAPPEBTI in February 2022, it shows that crypto investors in Indonesia have numbered 12.4 million investors. Even on the international scene, Indonesia together with Brazil are the countries with the highest level of crypto ownership in the world with a percentage of 41 percent. 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 statement, Tuesday, July 19.

2. Educate About Crypto Investment

Oscar also 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.

Oscar also believes that 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 about it. Reflecting on the last edition, this time's trading competition is made in such a way as to attract more public interest.

"In addition to the prizes which are much bigger than the previous edition, Indodax Trading Fest 2022 is also supported by a new trade engine, where the available features will be more sophisticated. Indodax's new trade engine provides greater scalability to facilitate Crypto Asset transactions which continue to increase as time goes on 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, "explained Oscar.

3. There are 3 Competition Categories

In the Indodax Trading Fest 2022 event, there are three categories that can be followed, namely the Individual Category, Team Category, and the Indodax Priority Special Category.

Currently, Indodax is a crypto exchange company that has the most members in Indonesia, namely 5.4 million members and presents a lot of crypto assets that can be people's choice for trading. At Trading Fest 2022, participants are free to choose any crypto asset to trade except for crypto assets of the stablecoin type.

4. Prizes of Billions of Rupiah

The winners of the Indodax trading competition will receive fantastic prizes of course. Unmitigated, money worth billions of rupiah was prepared by Indodax as an appreciation for the winners.

"The winner of the trading competition will not be determined from the final balance, but from the size of the ROI percentage, in the sense that it will be assessed based on the percentage of profits earned. So, indirectly, the public can take part in this trading competition with any capital, no matter how small the capital is to get a total prize of billions 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 Playstore & Appstore, "concluded Oscar.

For additional information, Indodax Trading Fest 2022 has opened registration on July 18 and ends on August 1, 2022. The trading competition will last for a month starting from August 02 to September 02 2022. Information regarding registration can be checked at the link https://indodax.com/tradingfest2022.