Upbit Ends Virtual Asset Investment Competition... Highest Return Rate 1345%

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The first virtual asset investment competition hosted by Upbit, with a total of 110,000 participants, has concluded.

On the 1st, Dunamu announced that a total of 113,572 people participated in the "1st Upbit Investment Major League," which was held over two weeks from the 3rd to the 16th of last month.

Among them, 41,777 participants with a principal asset of 10 million KRW or more were classified in the "Whale League," while 71,795 participants with less than that were in the "Saewoori League."

The top participant in the Whale League achieved a return of 88.24%, and the top participant in the Saewoori League achieved a return of 1345.39%. Dunamu plans to award 1 Bitcoin (BTC) to the first-place winner of the Whale League and 0.15 BTC to the first-place winner of the Saewoori League.

The average return rate of participants in this competition was 1.99%. The average return rate for Whale League participants was 2.52%, and for Saewoori League participants, it was 1.42%. By age group, those in their 20s showed the highest return rate at 3.94%, followed by ▲50s (2.37%) ▲40s (1.84%) ▲60s (1.62%) ▲70s (1.52%) ▲30s (1.44%).

By participant age, those in their 40s made up the largest portion at 34.44%. The age group with the lowest participation rate was those aged 60 and above, at 5.22%. By gender, males accounted for 86% of all participants, which is 72 percentage points (p) higher than females (14%).

Upbit plans to continue various efforts to foster a healthy virtual asset investment culture. Related reports can be found on the competition’s official website.

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