Bengaluru : Mudrex, a Bengaluru and San Francisco-based Y Combinator-backed crypto investing platform, today announced the launch of Alpha Trading Quest as part of the Inter-IIT Meet 10.0. It is a three-day intercollegiate crypto trading challenge taking place between 25th to 27th March. IITs across the country will engage in this intense crypto trading challenge.
To become part of this event, participants will need to form a group with a maximum of 6 members. Each group will work on building algorithms using Mudrex Visual Builder, a marquee offering by the platform. Participants can then create an automated trading bot that operates on exchanges like Binance and Mudrex Spot while trading on pairs such as BTC-USDT and ETH-USDT, among others.
With access to premium Mudrex accounts, participants will be able to create strategies and backtest them. Participants will showcase their work on a concluding day, i.e., on 27th March 2022, through a short video presentation for a panel of judges for evaluation. The entire competition aims to educate young IIT students about the prowess of blockchain and crypto investment and how they can navigate through the process in a streamlined manner.
Commenting on the competition’s opening, Edul Patel, CEO & Co-founder of Mudrex, said, “The Inter IIT Meet 10.0 is much more than just a competition. The challenge is for risk-takers who wish to try out their hands in crypto trading and be active participants in the crypto revolution. The aim is not just to help the participants navigate the three-day-long event but to help them realise their potential to become successful entrepreneurs and innovators in the crypto space. We want to spread awareness and equip the youth with the right guidelines to help them evolve in the wealth investment space. ”
Mudrex plans to organise more such competitions to engage with young minds. The Inter-IIT Meet 10.0 is just the first stage towards the larger goal of making India part of the global crypto economy.