Crypto trading is becoming one of the investment instruments that many people are interested in. The reason is, that crypto is an investment with high returns and of course high risk. However, the high risk of investing in crypto can be overcome if you can implement a strategy when investing, such as when to trade, choosing tokens to invest in, and conducting technical analysis on the targeted tokens.
However, there is one way that you can also maximize returns in investing in crypto, namely by participating in a trading event to staking. In this event, users usually get the opportunity to get rewards in the form of a number of tokens when trading, staking, and depositing.
If you are looking for a trading and staking event that provides big rewards, this article brings you good news! Bitrue, a global crypto exchange, is holding a Palapa (PLPA) launchpool event. How to participate and how many prizes can you get? Check out the detailed explanation in this article.
Get to Know About Palapa (PLPA)
Before discussing the Palapa launchpool event from Bitrue, let’s discuss the PLPA token to find out more about the token.
Palapa (PLPA) is an Indonesian native token issued by a local crypto exchange called Bittime. PLPA features will consist of discounted trading fees, airdrops for new coins, free deposits to withdrawal discounts, staking APY boost, and more.
Based on the Palapa roadmap, the token is currently developing features where users can earn income from staking, super airdrop planning, and increasing staking APY.
Palapa has a total supply of 10 billion PLPA tokens which will be distributed as follows.
1. Community Rewards: 5%
2. Team: 20%
3. Early Investors: 15%
4. Public Sale: 10%
5. Ecosystem Development: 20%
6. Treasury for Staking Incentives: 30%
Currently, around 30-60% of Palapa tokens have been distributed with the release of 30% staking liquidity.
Stake XRP/USDT/BTR and Get 300.000 PLPA
Now, you have a chance to get 300,000 free PLPA tokens! This event is valid for all Bitrue users with the following conditions: stake XRP/USDT/BTR tokens during the event period.
If you are not yet a Bitrue user, you can register first and then verify until the final step. Fulfill the requirements by staking the specified tokens so that you are eligible to participate in this event.
This PLPA launchpool event will run from 8–12 November 2024.
via Vritimes