cryptocurrency exchanges where their participants compete for the best rewards by putting their crypto knowledge to the test and trading.&nbsp;</p>\n<p>There is no set format for trading tournaments. Therefore, each one is different and allows users to try out various trading strategies and techniques.&nbsp;</p>\n<p>While the trading tournaments can be quite different, the rewards usually stay the same. The most popular one is to give participants the highest <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-trading-volume/">trading volume</strong></a> of a certain cryptocurrency for the tournament.</p>\n<p>During trading tournaments, participants usually have to pick a cryptocurrency, monitor and make predictions regarding its price movements, and make trading decisions based on previous speculations. An authorized exchange or a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-contract-for-difference-cfd/">contract for a difference (CFD) </strong></strong></a>trading account&nbsp;is employed for buying and selling.</p>\n<p>Cryptocurrency projects, especially new ones, benefit from trading tournaments since they attract a lot of new users thus creating a perfect opportunity for introducing a new coin, token, or another project. They also act as an incentive for trading.</p>\n<p>In order to participate in a trading tournament, you should have a clear understanding of these terms:&nbsp;</p>\n<ul>\n<li><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-leverage/">Leverage. It defines a type of loan that an investor can take in order to get a better position in margin trading. However, it&rsquo;s important to keep in mind that engaging in this type of trading is very risky. In essence, leverage greatly increases the investor's purchasing power;</li>\n<li>Trading Volume. It established the amount of cryptocurrency that&rsquo;s been traded within a single day. It changes crypto trends;</li>\n<li>Margin. Let&rsquo;s say you have to pay 20% of the total value for a token that&rsquo;s worth $5000. That 20% which translates to $1000 is the margin that you&rsquo;ll have to pay. In other words, it refers to the first investment a user makes to open and maintain a leveraged position;</li>\n<li><strong>Spread</strong>. It determines the difference between the highest price the buyer can pay and the lowest price the seller can accept for a certain cryptocurrency. Let&rsquo;s say a buyer offers $60 for a new cryptocurrency, but the seller doesn&rsquo;t agree and gives a counteroffer of $80. In this case, the seller&rsquo;s offer of $80 is the spread;</li>\n<li>Lot. It describes the standardized number of units of the cryptocurrency that&rsquo;s used for trading. Usually, the number is small since cryptocurrencies are known to be volatile;</li>\n<li>Pip. A popular measurement unit in foreign exchange markets. A pip 1/100th of 1% within price movement. When it comes to the crypto sector, pips are used to tag price fluctuations of single digits.</li>\n</ul>\n<p>In essence, a trading tournament is a way for users to put their crypto holdings and knowledge to use and make some profit.</p>","level":"medium","meta_title":"What is Trading Tournament? 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Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Various government expenses are covered by treasury bonds.</p>\n<p>Treasury bonds are established when a citizen of the United States lends money to the government and receives interest payments every six months until maturity. The maturities can be anywhere between 10 to 30 years unlike <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-treasury-bills-t-bills/">treasury bills</strong></a>, also known as T-Bills, whose maturities take only up to one year.</p>\n<p>In times of financial uncertainty, T-Bonds have been a saving grace. Plus they look great on an individual portfolio in case you&rsquo;d like fixed-income assets.</p>\n<p>Don&rsquo;t equate treasury bonds to stocks since they can&rsquo;t be traded the same way. Unlike stocks and other financial instruments that you can only buy and sell at specific times during the day, T-Bonds are open for trade at all times.&nbsp;</p>\n<p>You can buy or sell T-Bonds directly through a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-secondary-market/">secondary market</strong></strong></a> and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-over-the-counter-otc-trading/">over-the-counter (OTC)</strong></a>. Federal Reserve Bank also issues treasury bonds as well as any other company that was authorized by the former to do so.</p>\n<p>Additionally, Treasury Department holds online auctions where you also have an opportunity to buy treasury bonds.&nbsp;</p>\n<p>There are two routes of action you can take when in possession of T-Bonds. Firstly, you can hold them until they mature thus receiving semiannual interest payments. On the other hand, you can also sell it before it matures. However, your gains may be lower than if you held the T-Bond until maturity.</p>\n<p>When it comes to the latter, it&rsquo;s advisable to sell T-Bonds through a broker in a secondary market.&nbsp;</p>\n<p>What are the pros and cons of treasury bonds?</p>\n<ul>\n<li><strong>Pros</strong>. The main advantage of T-Bonds is that they&rsquo;re a safe investment that doesn&rsquo;t involve high risks. By purchasing a treasury bond, you can rest assured that you&rsquo;ll receive a steady interest payment every six months. Therefore, you&rsquo;ll have a consistent stream of income until maturity which could be 10 to 30 years away. Additionally, T-Bonds are high in liquidity.</li>\n<li><strong>Cons</strong>. The main disadvantage of T-Bonds lies in low <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-interest-rates/">interest rates</strong></a> which translates to low-interest payments. Additionally, in case you decide to sell your treasury bonds, you&rsquo;ll most likely receive a lower amount of money than your initial investment.&nbsp;</li>\n</ul>\n<p>At the end of the day, T-Bonds are still an investment, therefore a certain amount of risk is associated with it. Before purchasing a treasury bond, look through the fine print, observe the market, and only then make the final decision.</p>","level":"medium","meta_title":"What is Treasury Bond (T-Bond)? 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This toll fee is assigned a specific monetary value.&nbsp;</p>\n<p>It was popularized by a well-known crypto project DAO Maker. It&rsquo;s targeted at startups who need decentralized and secure launchpads.</p>\n<p>DAO Maker enables the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dyco-dynamic-coin-offering/">dynamic coin offering (DYCO)</strong></a> framework. Startups and new crypto projects can use it in order to continue developing said project by raising funds and attracting investors. Moreover, the dynamic coin offering framework allows investors to receive refunds if the project did not reach its original goals or completely went off course.</p>\n<p><strong>The toll bridge burns and claims are managed by smart contracts</strong>.&nbsp;</p>\n<p><strong>The</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token-generation-event-tge/">token generation event (TGE)</strong></a> <strong>prompted toll bridges to take into account vesting schedules, days,</strong> and <strong>other factors</strong>.</p>\n<p>In order to use the bridge users require to connect the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-metamask/">MetaMask extension to connect to a whitelisted wallet. If everything goes accordingly and the wallet was successfully connected, the users are able to unlock funds within the bridge.</p>\n<p>Keep in mind that users can leave the vesting schedule even before the set period of time is over. By exiting early, token buyers have to burn a certain amount of their tokens.</p>\n<p>Additionally, users have to pay fewer fees if the fund has been open for a longer period of time. Furthermore, every three months users can receive 20% of their locked coins if they don&rsquo;t pass the toll bridge throughout the entire vesting schedule.</p>","level":"easy","meta_title":"What is Toll Bridge? Definition & Meaning | Crypto Wiki","meta_description":"Toll Bridge meaning: Toll Bridge - is a pathway that demands a toll fee to gain access to additional functionalities.","meta_keywords":null,"language":"en","created_at":"2022-04-01T14:24:41.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-toll-bridge"},"currentChapter":"T","currentSection":"what-is-trading-tournament","chapterTitle":"T","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-trading-tournament","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter T

What is Trading Tournament?

Trading Tournament MEANING:
Trading Tournament - is a trading event held by crypto exchanges where users are encouraged to trade in order to reap rewards.
Medium
2 minutes

Let's find out Trading Tournament meaning, definition in crypto, what is Trading Tournament, and all other detailed facts.

Trading Tournaments are campaigns organized by cryptocurrency exchanges where their participants compete for the best rewards by putting their crypto knowledge to the test and trading. 

There is no set format for trading tournaments. Therefore, each one is different and allows users to try out various trading strategies and techniques. 

While the trading tournaments can be quite different, the rewards usually stay the same. The most popular one is to give participants the highest trading volume of a certain cryptocurrency for the tournament.

During trading tournaments, participants usually have to pick a cryptocurrency, monitor and make predictions regarding its price movements, and make trading decisions based on previous speculations. An authorized exchange or a contract for a difference (CFD) trading account is employed for buying and selling.

Cryptocurrency projects, especially new ones, benefit from trading tournaments since they attract a lot of new users thus creating a perfect opportunity for introducing a new coin, token, or another project. They also act as an incentive for trading.

In order to participate in a trading tournament, you should have a clear understanding of these terms: 

  • Leverage. It defines a type of loan that an investor can take in order to get a better position in margin trading. However, it’s important to keep in mind that engaging in this type of trading is very risky. In essence, leverage greatly increases the investor's purchasing power;
  • Trading Volume. It established the amount of cryptocurrency that’s been traded within a single day. It changes crypto trends;
  • Margin. Let’s say you have to pay 20% of the total value for a token that’s worth $5000. That 20% which translates to $1000 is the margin that you’ll have to pay. In other words, it refers to the first investment a user makes to open and maintain a leveraged position;
  • Spread. It determines the difference between the highest price the buyer can pay and the lowest price the seller can accept for a certain cryptocurrency. Let’s say a buyer offers $60 for a new cryptocurrency, but the seller doesn’t agree and gives a counteroffer of $80. In this case, the seller’s offer of $80 is the spread;
  • Lot. It describes the standardized number of units of the cryptocurrency that’s used for trading. Usually, the number is small since cryptocurrencies are known to be volatile;
  • Pip. A popular measurement unit in foreign exchange markets. A pip 1/100th of 1% within price movement. When it comes to the crypto sector, pips are used to tag price fluctuations of single digits.

In essence, a trading tournament is a way for users to put their crypto holdings and knowledge to use and make some profit.
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