OKX, one of the world’s biggest cryptocurrency exchanges, has launched ‘The OKX Football Festival,’ which includes a unique nonfungible token (NFT) Football Cup game.
It has been reported that with the Football World Cup beginning in less than two weeks, OKX is offering fans a unique opportunity consisting of a huge $3 million prize pool for the NFT Football Cup and The 2022 OKX Football Cup Trading Competition.
However, football fans can mint up to three NFTs representing their favorite national teams. Furthermore, NFT holders will gain huge rewards as their team advances through the tournament. Anyone with an Ethereum wallet can join, and new user rewards, quiz prizes, and referral rewards are available.
The report said that on November 20, The World Cup 2022 Qatar begins, and the world will be watching. To celebrate the iconic tournament, OKX, the cryptocurrency exchange, has created a unique event, called the OKX Football Festival. This includes an NFT game, a trading competition, and special staking deals on the platform. The overall prize pool for this football event is $3 million.
Likewise, the NFT Football Cup is free to join and rewards users for supporting their favorite national teams. However, it is essential to note that users must stake 10 USDT per NFT, but these funds will be returned following the end of the tournament.
Haider Rafique, the Chief Marketing Officer, OKX, said:
“OKX is here to help people find new and innovative ways to celebrate their passions. As we raise our flags in support of our national teams this year, I hope these digital experiences help bring the crypto and football communities together and show newcomers the world of opportunities Web3 and crypto can offer them.”
The FIFA World Cup tournament consists of group stages and knockout rounds. From November 8th, people can sign up to choose three free NFTs of the teams they want to support.
Thus, Football Cup NFT holders will receive split spot rewards of 20 USDT for progression through the group stage. Following this, NFT holders will go head to head with teams facing each other in the knockout format. The eliminated team will have their prize pools transferred to the team that knocks them out. Finally, OKX will add an extra 10 USDT to every successful football NFT mint.
Source: NFT Evening