Bengaluru, August 21, 2024: Okto, the self-custodial wallet from CoinDCX, proudly announces the launch of the Okto $ARB Rewards Challenge offering traders the chance to earn up to 1,000 $ARB tokens by reaching specific trading milestones. Okto has been awarded 50,000 $ARB tokens through the Arbitrum DAO’s Long-Term Incentive Program (LTIPP) grant. This grant is a significant milestone in Okto’s journey with the Arbitrum ecosystem, reinforcing Okto’s commitment to providing exceptional trading opportunities to its users.
This initiative is open to both new and existing traders, providing a valuable opportunity to earn rewards while engaging with Okto’s powerful trading tools. Okto empowers users with a secure and intuitive interface, enabling them to execute high-volume trades while maintaining full control over their digital assets. This security clubbed with a mobile-first trading app with 50+ token pairs, and up to 50X leverage has quickly positioned Okto as a favorite among crypto futures traders.
The campaign will run until the entire 50,000 $ARB reward pool is exhausted or until September 15, 2024, whichever occurs first. To ensure equitable distribution, each user can earn a maximum of 1,000 ARB throughout the campaign. Rewards will be distributed weekly, based on user progress. For instance, if a user reaches Milestone 1 in the first week, they will receive their reward that same week. Should they reach Milestone 2 in the second week, they will be awarded the difference between the rewards for Milestones 1 and 2 in that week.
The Okto $ARB Rewards Challenge underscores Okto’s dedication to fostering a rewarding trading environment and its ongoing partnership with the Arbitrum ecosystem. As Okto continues to innovate and grow, it remains at the forefront of the crypto futures trading space.