In June 2024, Gate.io launched the 6th World Cryptocurrency Trading Competition (WCTC S 6). It is reported that the series of events lasted for about two months and ended recently. Data shows that this event attracted nearly 100,000 participants, setting a record. This data reflects the high attention of global users to cryptocurrency trading, and at the same time, it also shows the huge appeal of the new event model in the market.
The number of participants surged: nearly 100,000 people signed up, setting off a global trading boom
The total number of applicants for this years WCTC S 6 event reached 90,290, setting a new record. Among them, the team competition attracted 25,799 participants, and the 1v1 King PK competition became the most popular event with 85,855 applicants.
Data comparison: The number of events has increased several times over the past six years, and the influence of the event has increased year by year
Compared with the data of previous events, the surge in the number of applicants for WCTC S 6 is particularly noteworthy. From 4,056 applicants in the first event to 90,290 today, the number of applicants for the six events has doubled:
The above data shows that with the increasing popularity of cryptocurrency transactions and the innovation of event models, the influence of WCTC events is also steadily increasing, attracting more and more global users.
Interpretation of innovative model: short, flat and fast 1v1 PK competition ignites the market
In this event, the 1v1 King Showdown segment attracted attention for its compact competition design. This segment adopts the 2 hours per game mode, which aims to reduce the time investment of the participants while maintaining the tension and fun of the game.
The entry threshold for the event is set at 100 U. Such a low threshold helps attract more users to participate. This design strategy is also competitive in current competitions.
In terms of rewards, the 1v1 PK competition has a 100% reward mechanism. Participants who meet the requirements can receive cash rewards or other forms of prizes, such as lucky bags and customized peripherals. This strategy has greatly improved user participation and enhanced the overall appeal of the event through a high-return mechanism.
On the other hand, the event allows users to sign up for both team competitions and PK competitions at the same time, providing participants with a variety of ways to participate. In addition, the red envelope rain event throughout the event greatly enhanced the users interactive experience and added an extra entertainment element to the event.
From an industry perspective, by continuously innovating competition models and increasing user participation, the user-centric and interactive competition format of the Gate.io WCTC series may bring more inspiration to future cryptocurrency trading activities and promote the entire industry to develop in a more diversified and popular direction.
