WazirX listed Hedera Hashgraph (HBAR) earlier on Friday on both USDT and INR markets. In other words, we are be able to purchase, sell, and trade HBAR in WazirX’s INR/USDT market. To make things sweeter, a giveaway of over $25000 is in works and we will learn how users can win it in this article.
Contents
HBAR Basics
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. The project relies on Hashgraph, an asynchronous Byzantine Fault Tolerant (aBFT) algorithm, invented by CTO Dr. Leemon Baird, to achieve network consensus.
This significantly reduces the fees and increase the throughput of the network. It features 10,000 TPS, transaction fee ~$0.0001, and a 3-5 second finality for confirmations. The HBAR token is used for staking, as well as multiple services in the network.
Here are some HBAR stats (as of March 14, 2020):
- Trading Price (past 24 hr): $0.349416 USD
- Global Market Cap (past 24 hr): $2,614,199,370 USD
- Global Trading Volume (past 24 hr): $816,809,411 USD
- Circulating Supply: 7,533,752,344 HBAR
- Total Supply: 50,000,000,000 HBAR
What does the HBAR Listing on WazirX Enable?
HBAR is a rapid listing initiative of WazirX and hence deposits and withdrawals of the token are disabled.
- Deposits – Participants can not deposit HBAR from another wallet to WazirX.
- Withdrawals – Participants can not withdraw HBAR from their WazirX wallet.
- Trading – Participants can purchase, sell and trade HBAR in their INR and USDT market.
Giveaway Schedule
- Friday, March 12: AMA with Nigel Clark, SVP – Partners & Industries at Hedera Hashgraph. Learn everything about HBAR & win total prizes of $150
- Monday, March 15 – Wednesday, March 17: 48-hour long Highest Trader Kaun Marathon with prizes of INR 6,45,000 ($8,600) worth HBAR for top 140 traders
- Monday, March 15: HBAR Quiz in WazirX Telegram group with prizes of $500. Show off your HBAR knowledge in a fun quiz session & win
- Tuesday, March 16: HBAR trivia contest on WazirX Instagram page with prizes of $50. Learn interesting trivia about HBAR & win
- Thursday, March 18: HBAR worth $5,000 will be airdropped to top WRX holders on WazirX for always supporting us!
- Monday, March 22 — Wednesday, March 24: 48-hour long Highest Trader Kaun Marathon with prizes of INR 6,45,000 ($8,600) worth HBAR for top 140 traders
Highest Trader Kaun Marathon: HBAR/INR
Highest Trader Kaun Marathon welcomes participants with prizes for the top 200 traders and with more opportunities to win. This time there are two of them.
What’s the latest in the contest?
- The first trading contest is from Monday, March 15, 9 AM to Wednesday, March 17, 9 AM IST.
- The second trading contest is from Monday, March 22, 9 AM to Wednesday, March 24, 9 AM IST.
- Each contest will be run non-stop for 48 hours.
- Total prize of INR 12,04,000 (~ $15,000 USD) worth HBAR, prize is of INR 6,45,000 (~ $8,600 USD) worth HBAR per contest. Participants can win rewards based on their trading performance for the entire 48-hour long trading contest marathon!
Contest 1 timing: Monday, March 15, 9 AM — Wednesday, March 17, 9 AM IST (non-stop)
Contest 2 timing: Monday, March 22, 9 AM —Wednesday, March 24, 9 AM IST (non-stop)
How can participants take part in the contest and win?
Winners will be determined on the basis of the volume of HBAR traded in the WazirX’s INR market.
How to qualify: Participants at least need a minimum volume of 330.85 HBAR (worth ~5,000 INR)
What are the prizes?
Prizes for top 140 traders in each contest:
| Trader Rank | Prizes/person (HBAR) | INR worth |
| 1 | 8,535.98 | 1,29,000 |
| 2 | 5,121.59 | 77,400 |
| 3 | 2,987.59 | 45,150 |
| 4 – 10 | 1,707.20 | 25,800 |
| 11 – 15 | 938.96 | 14,190 |
| 15 – 20 | 512.16 | 7,740 |
| 21 – 25 | 256.08 | 3,870 |
| 26 – 30 | 136.58 | 2,064 |
| 31 – 35 | 85.36 | 1,290 |
| 36 – 140 | 42.27 | 639 |
Instagram Trivia Contest
Participants can find how much they know about Hedera Hashgraph, through the HBAR trivia contest.
When: Monday, March 16, 12 PM IST
Where: instagram.com/wazirx
How to participate:
- Follow WazirX on Instagram: instagram.com/wazirx
- WazirX will share 5 questions on their Instagram Story
- Participants have to choose the right answer
Giveaway:
One winner will be chosen from every question from all the correct answers and will win 49.63 HBAR.
HBAR Quiz
WazirX is arranging an exciting quiz about HBAR. Participants can show off their HBAR knowledge and win prizes.
When: Monday, March 15, 6 PM IST
Where: http://t.me/wazirx_discuss
Reading resources:
How to participate:
- Join the WazirX Discuss group on Telegram: t.me/wazirx_discuss
- Participants will be given a total of 10 questions.
- Participants need to choose the correct answer as quickly as they can
Giveaway:
1st place: $100
2nd – 5th place: $50 each
6th – 10th place: $20 each
11th – 20th place: $10 each
Note: For the entire giveaway, HBAR price will be considered at $0.2015, i.e., INR 15.1125 and all prizes will be distributed by March 25, 2021.
Happy Trading!
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