Robinhood will host a trivia sport in its cell software over the subsequent two days, offering greater than $2 million in Bitcoin and Dogecoin prizes to members.
Eligible U.S. clients with a Robinhood account can take part within the Day 1 contest which kicks off at 4:45pm ET at this time. The competition will supply 12 multiple-choice trivia questions associated to finance, economics, and cryptocurrency subjects, and customers may have 10 seconds to reply every.
Customers who reply all questions accurately will cut up the $1 million in Bitcoin for every day’s prize pool. If no customers reply all accurately, then those that answered essentially the most questions accurately will cut up the prize.
The competition, which can run on Thursday solely for subscribers to the alternate’s premium Robinhood Gold service, can be hosted by Scott Rogowsky, a comic who beforehand hosted dwell day by day trivia reveals through the favored app, HQ Trivia.
The unique contest for Gold members will supply one other $1 million in Bitcoin prizes with extra undisclosed Dogecoin rewards for all members. Robinhood didn’t instantly reply to Decrypt’s request for remark about how a lot Dogecoin can be given away.
Robinhood customers who need to play might solely achieve this from the most recent model of the Robinhood cell app, which is out there in each the iOS App Retailer and Google Play Retailer.
Winners can be notified in-app and through e-mail inside 5 days after the competition ends, and should declare their prize winnings inside 30 days. All crypto prizes can be decided based mostly available on the market charge on the time of switch to the winner’s account.
Robinhood Trivia Dwell is the primary contest of this sort to be hosted by the platform, and its Vice President of Product Dheerja Kaur informed Fortune that it isn’t committing to this as a recurring factor.
“We really need to see the way it does,” Kaur stated.
The alternate introduced final week that the SEC had ended its investigation into the corporate for alleged securities violations, with none intention of pursuing enforcement motion.
Robinhood Markets, which trades underneath ticker HOOD on the Nasdaq, is up 2.27% within the final 24 hours and trades at $47.27 per share, almost double its value from this time final yr.
Bitcoin and Dogecoin have each been topic to broader market volatility in latest days. The pair have climbed 2.5% every within the final 24 hours and are priced at $90,078 and $0.204 respectively.
Edited by Andrew Hayward
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