NBX ADA OCTOBER 9-16 TRADING COMPETITION WITH USDM PRIZES

During the Cardano Summit community event in Oslo Norwegian Block Exchange announced we are launching trading of USDM on NBX in Q4 2024 while the minting and redemption of USDM will be launched in Q1 2025. 

To celebrate this we are launching our first event a trading competition with USDM prizes that will last from October 9th to October 16th. Here are the full conditions and prize money:

NBX USDM OCTOBER 9-16 COMPETITION - TRADE ADA/NOK, ADA/SEK, ADA/DKK OR ADA/EUR and win USDM when ADA/USDM trading launches. 500 USDM in prizes. 

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Conditions: 

• You are not a market maker on NBX.
• You have traded for at least the equivalent of 100 NOK, 100 SEK, 65 DKK, or 8.5 EUR worth of ada from 9th October 00:01 AM CET to 16th October 23:59 CET to be a participant. 
• You are a customer of the NBX.com platform. 
• Trading volume counted is for the 9th October to 16th October and is a total across all trading pairs of ada for that customer account. 
• If you are a winner, USDM will be available on your account shortly after USDM trading is available. 

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Prizes:

• The top 3 in total trading volume for an NBX account get 100 USDM each. 
• Two persons above the limits with an NBX account will be randomly drawn to win 100 USDM each.

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We look forward to offering trading of USDM on NBX and hope to see a lot of activity on USDM trading as this will help when considering launching other Cardano Native Tokens on our platform if we see there is demand for USDM and that we can offer trading pairs of USDM/CNTs in the future. You can read more about USDM here.

PS: Our CEO also highlighted the disparity in TVL ratios of stablecoins of Cardano compared with other ecosystems highlighting the potential stablecoins on Cardano has for the future. 

As a reminder If you want to follow the Cardano price movements we have created a dedicated page for the Cardano Price you can find it here, or if you want to compare Cardano with other blockchain marketcaps we have an overview page here. We also offer Cardano Staking through our platform as well as directly to the pool with ticker ANP.

This text is intended to inform and is not an investment recommendation.