What is Bitfinex
Bitfinex is a cryptocurrency trading platform and a portal to the crypto world for ordinary people. Founded in 2012 as an OG cryptocurrency exchange, Bitfinex has always been at the forefront of technological innovation in digital asset trading. Compared to the limitations of bank transfers, cross-border transfers and transactions within the Bitfinex exchange can be done easily at any time. Bitfinex’s strategy focuses on providing the best crypto trading experience for whales, professional traders and investors who want to maximize the privacy, security and functionality provided by world-class cutting-edge technology.
Bitfinex is the world’s leading crypto exchange and supports trading in over 150 cryptocurrencies. It is also a pioneer in derivatives and margin trading for cryptocurrencies. To make transactions smooth for traders and giving back to society, Bitfinex launches another giveaway and airdrop campaign at least once a month, one of which is the Convo takeover, with another takeover in September and October all month long Tokens from a single ecosystem operate, with 3 acquisitions in a row.
Why Bitfinex
In addition to a range of advanced trading features and charting tools, Bitfinex
- Access to peer-to-peer (P2P) funding
- An OTC market.
- Margin trading on a wide range of digital assets and derivatives trading.
- Bitfinex was one of the first professional platforms set up to cater to the growing interest in cryptocurrency trading
- It is one of the top cryptocurrency exchanges in the world with over $1 billion in daily volume
About Convergence
Convergence is a DeFi protocol that aims to democratize investment, making private markets public, in other words it would serve as a bridge to allow anyone to participate in investment rounds that would otherwise be closed. ConvO is the platform they offer to raise funds alongside the classic products of each DeFi platform (staking, swaps, liquidity pools and more) and get exclusive upfront investment opportunities in the form of tokens.
A strategic alliance
Bitfinex, one of the cryptocurrency exchanges with the longest history, the highest liquidity and the most whales, in its intention to offer its users the best options, along with Convergence, has prepared a major airdrop totaling 67,000,000 CONV tokens, almost 3 BTC, if we guide by its past value, which started on August 25th and would end on November 2nd.
Currently, this type of strategic alliance is a way to visualize the most trusted players in the cryptocurrency market. Both the project that receives the support and the exchange that serves as a boost must go through filters, the idea being that everything is reasonable for the financial health of the users involved.
Convergence’s core value proposition gives rise to many activities that can be carried out with Bitfinex in the future, after all, Bitfinex also actively participates in closed investment rounds that could raise capital through Convergence, thus offering the opportunity to engage in quality investments in a larger number by users. All of this is of course speculative, both proposals are in fact compatible with each other, which makes the fact that there is room for these first alliances all the more important.
At the moment, Bitfinex adds to its main qualities the ability to promote projects that offer solutions to real problems and create a positive scenario for the parties involved.
A reward within everyone’s reach!
CONVERGENCE and BITFINEX will airdrop up to 6,700,000 (6.7 million) tokens each week for accounts that have a minimum amount of CONV on the platform, equivalent to $10,000 per week for a total of 10 weeks. This is a total prize pool of $10,000, more than 3 bitcoins in the prize! The event rewards will be distributed proportionally weekly based on the number of CONV-TOKENS in each user’s wallet at the time of the snapshot. The maximum payout of CONV token rewards is capped at 75,000 CONV per week per user
Note that you are allowed to withdraw or exchange CONV-TOKENS, but the eligibility is only valid if a user has at least 5000 CONV-Tokens in their exchange. To participate, you just need to hold at least 5,000 CONV in your exchange wallet, which would be around $5. These can be obtained directly from Bitfinex without any major inconvenience as you only need to hold the tokens in your wallet to stand a chance of winning. It should be noted that the maximum payout of the CONV token rewards would be 75,000 CONV per week per user, meaning that a user could earn at most 750,000 CONV in the entire event.
To get this reward you need to pass the Bitfinex Basic Plus verification level, something very simple, upload a photo of your ID, a selfie, your phone number and in a very short time the Bitfinex team will approve your verification. This Sweepstakes is only available to users who are at least 18 years of age and are not a Prohibited Person or a US Person
Is it worth joining?
Airdrops are a very attractive way of presenting a project on the market, in fact they are widespread in the ecosystem; On this occasion, however, Bitfinex offers a large sum together with Convergence (in terms of valuation), the total amount of the airdrop would correspond to more than 4% of the project’s total currency, enough to be highly desirable; however, not so much to negatively affect its price as the token has a market volume of more than $200,000 per day.
Bear markets like the current one are often an opportunity for the savvy investor, typically this focuses on getting crypto at a low price to take profits in the next bull cycle; However, airdrops are also an opportunity to add to portfolios with relatively low risk.
At the moment Bitfinex is the exchange with the most airdrops, prizes and community events. to attract in a very seductive way those who want to profit from this market, adapting the incentives quite functionally, because on the one hand it offers the possibility of passively generating an income and, on the other hand, offers various options in the background use these profits for other investments.
Click here for real-time updates and exclusive information about the Bitfinex platform. Remember to download the app for an amazing experience.
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