With a total prize pool of up to 200,000 USDT, BitMart is sending a clear message about its commitment to investing in the Futures market. Dr. Le Minh Quan, a financial analyst at the University of Economics, Ho Chi Minh City, commented: “This is not just a normal recruitment campaign. BitMart is building an army of highly skilled evangelists to promote the development of the cryptocurrency Futures market.”
Golden Opportunity for Young Traders
This campaign opens up unprecedented opportunities for young traders and experienced people in the cryptocurrency field. With a starting salary of up to 500 USDT and unlimited potential for salary increase, BitMart is creating an attractive environment to attract talent.
“This is a rare opportunity for young traders to not only make money but also build a career in the rapidly growing cryptocurrency industry,” Chia Nguyen Van An, a well-known KOL in the Vietnamese crypto community.
Impact on the Market
BitMart 's strategy is expected to have significant impacts on the market:
- Increased liquidation: With the attraction of more traders and investors, liquidation on the BitMart exchange is expected to increase sharply.
- Increased competition: Other exchanges will likely have to come up with similar programs to retain users.
- Product Development: This competition can lead to innovation and development of new Futures products in the market.
Compare with Other Campaigns
BitMart is not the first exchange to launch an ambassador program, but the scale and rewards of this campaign are considered outstanding. Ms. Tran Thi Mai Huong, Marketing Director of a blockchain consulting company in Hanoi, commented: “Compared to Binance’s recent campaign with 500 ambassador positions, BitMart is betting bigger with 1,000 positions. This shows their ambition to expand their market share.”
Challenges and Risks
However, this campaign also poses some challenges:
Quality Management: Maintaining quality with a large number of ambassadors can be a challenge.
Legal Risk: With no availability in some countries like the US and Singapore, BitMart needs to be careful in complying with legal regulations as it expands its operations.
Internal competition: There can be fierce competition among ambassadors, leading to unhealthy behavior.
Conclude
BitMart ’s “Search for 1,000 Ambassadors” campaign is not only a bold move to expand its market share, but also a sign of the maturity of the crypto futures market. It reflects the growing trend of exchanges investing in education and community development.
As the cryptocurrency market continues to grow, strategies like these are likely to become more common, helping to reshape how exchanges engage with their communities and build user loyalty.
The article BitMart Launches New Strategy: A Boost for Crypto Futures Market appeared first on Coin79 - Update Coin News and Crypto Investment Knowledge .
