Ave.ai and XPIN have partnered to launch a contract trading competition with a total prize pool of $100,000.

Odaily reports that Ave.ai has officially announced a large-scale contract trading competition in partnership with XPIN. The event will officially begin on November 19th at 21:00 (UTC+8) and will last for one week.

This competition features a $XPIN prize pool worth $100,000. Reaching the minimum trading volume threshold will earn you a reward equivalent to 40,000 USDT; the top 200 users by trading volume will share a reward equivalent to 55,000 USDT. Both rewards can be claimed simultaneously. Furthermore, during the event, registering with the Ave wallet and trading $XPIN contracts will automatically earn you a 1.1x edgeX points bonus. Points rewards are also available for trading non-event cryptocurrencies.

An Ave.ai spokesperson stated, "This is Ave.ai's first large-scale contract trading competition. Led by XPIN, a high-quality project that was the first to be listed on the Ave platform, this event signifies that Ave.ai has successfully completed a full price discovery loop from 'token launch -> spot trading -> contract trading.' In the future, Ave will continue to collaborate with edgeX to list more high-quality tokens for contract trading. At the same time, we extend an invitation to the industry, welcoming more high-quality projects to partner with Ave to jointly launch decentralized perpetual contracts."