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In June 2024, Gate.io launched the sixth edition of the World Cryptocurrency Trading Competition (WCTC S6).
This series of events, lasting approximately two months, recently concluded. According to the data, nearly 100,000 participants joined this competition, setting a new record for the series. This figure highlights the high level of global interest in cryptocurrency trading while also showcasing the strong appeal of the innovative event format in the market.
Surge in Participation: Nearly 100,000 Registrations Ignites Global Trading Frenzy
The total number of participants in this year’s WCTC S6 reached an impressive 90,290, setting a new record. The team competition attracted 25,799 participants, while the 1v1 King PK competition was the most popular event with 85,855 registrants.
Data Comparison: Participation Multiplies Over Six Editions, Influence Grows Annually
The surge in WCTC S6 registrations is particularly noteworthy when compared to previous events. From 4,056 registrants in the first edition to 90,290 in S6, the number of participants has grown exponentially over six editions:
These figures indicate that as cryptocurrency trading becomes more widespread and the event format continues to innovate, the influence of the WCTC series continues to increase, attracting more and more global users.
Understanding the Innovative Format: Quick and Intense 1v1 PK Battles Ignite the Market
In this edition, the 1v1 King Duel event attracted attention with its compactful design. This event featured a “2-hour per match” format, aimed at reducing participants’ time commitment while maintaining the tension and excitement of the competition.
The entry fee was set at 100 USDT, a low threshold that helped attract more users. This design strategy is popular within the current landscape of competitive events.
In terms of rewards, the 1v1 PK event featured a “100%” reward mechanism, where participants meeting the criteria could receive cash prizes or other forms of rewards such as lucky bags and customized merchandise. This strategy significantly increased user participation and enhanced the overall appeal of the event through a high-reward mechanism.
Additionally, participants were allowed to register for both the team competition and the PK event simultaneously, offering diverse participation options. The ongoing red packet rain activity throughout the event also significantly enhanced user interaction, adding an extra layer of entertainment to the competition.
From an Industry Perspective: By continuously innovating event formats and increasing user engagement, Gate.io’s WCTC series, with its user-centric and interactive focus, could offer insights for future cryptocurrency trading events, potentially driving the industry towards greater diversity and broader public engagement.
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Source: https://beincrypto.com/gate-io-wctc-s6-sets-a-new-global-record-for-the-series/