Demex x Zilliqa ZIL Earn-A-Thon
22 June, 9:00AM UTC - 6 July, 9:00AM UTC
Competition Details
β
Complete Step 1 (Register) and Step 2 (Earn) to unlock bonus tasks!
Step 1: Register
Be one of the first 100 participants to register! To register, post a tweet on Twitter with your custom hashtag from us.
You can only tweet to register on Demex as the platform needs to generate your custom hashtag. Please ensure that you DO NOT change your custom hashtag. We will not be able to verify your registration if you do so.
Step 2: Earn
[Reward: 8 USD]
Ensure that you are registered before completing this step!
To complete this step, registered participants will need to:
Deposit or ensure a minimum balance of 100 USD
Execute 3 trades on the ZIL-PERP market
After completing the above 2 steps, you will have unlocked the Bonus Tasks!
π Bonus Tasks
Demex Bonus Task: Trade Any Perps
Participants will be airdropped USD rewards at the end of the campaign depending on their PnL % and ranking. Track your ranking on app.dem.exchange/competition
Winners (and losers!) can either earn rewards or rebates:
Top 5 Leaderboard - Be one of the top 5 participants with the highest PnL ranking by the end of the campaign. The rewards are as follows:
#1: 200 USD
#2: 150 USD
#3: 110 USD
#4: 80 USD
#5: 60 USD
Losers Rebate - Be one of the first 30 registered users and earn up to 10 USD rebate if you end the competition with negative PnL [Rebate: Up to 10 USD]
Zilliqa Bonus Task : Lend ZIL
[Reward: 5 USD]
Lend ZIL on Nitron!
FAQs
Q1. How do I calculate the PnL%?
The calculations for Equity as well as Individual PnL% are as follows:
Equity = Balance + Unrealized Profit and Loss
Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)
Note: Trading fees and funding fees are NOT included in the Individual PnL calculations
View the full information here
Q2. Can I execute 3 trades on any perpetuals market to register?
No, you are required to execute 3 trades on the ZIL-PERP Market to register. You may trade on other perpetuals markets, but they will not be counted until your registration is complete.
Q3. What if I trade before registering?
Your trades prior to registering will not be counted. Please complete your registration before trading for your trades to be counted in the Leaderboard.
Q4. How do I know if I have completed my registration?
You will have completed your registration when there is a green check with βYouβre Registered!β status on this section
Q5. What rewards / rebates do I earn?
Prizes can be earned through 3 ways:
1.Complete your registration (Reward: 8 USD)
As long as you are one of the first 100 participants who have completed registration, you will receive the reward.
Completing your registration means 1) tweeting with your custom hashtag, 2) having a minimum of 100 USD in your wallet and 3) executing 3 trades on the ZIL-PERP market with a minimum volume of 100 USD per trade.
2.Top 5 on the leaderboard (Reward: Up to 250 USD)
Prizes will be distributed across the top 5 on the leaderboard.
3.Losers Rebate (Rebate: Up to 10 USD)
As long as you are one of the first 30 registered participants who have ended the competition with a negative PnL, you will receive the rebate.
4.Lending ZIL on Nitron (Reward: 5 USD)
Lend any amount of ZIL on Nitron to be eligible for this reward.
Q6. How does the Losers Rebate work?
If you have a negative PnL at the end of the competition, you will receive a rebate up to 10 USD, depending on the amount you have lost.
For example:
Scenario A: If you end the competition with -4.50 USD, you will receive 4.50 USD during the prize payouts.
Scenario B: If you end the competition with -45 USD, you will receive 10 USD during the prize payouts.
Leaderboard Calculations
The calculations for Equity as well as Individual PnL% are as follows:
Equity = Balance + Unrealized Profit and Loss
Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)
Note: Trading fees and funding fees are NOT included in the Individual PnL calculations
Any conversion from USDC/axlUSDC/BUSD to USD, spot trading, withdrawal of liquidity, deposits or transfers of USD resulting in an increase in your USD available balance will affect your initial equity. We therefore encourage a separate account for participation in this competition. Example for calculating initial equity:
User deposits 500 USD -> Initial Equity = 500 USD
User removes liquidity of 300 USD from a liquidity pool -> Initial Equity = 800 USD (500+300)
User receives internal transfer of 200 USD -> Initial Equity = 1000 USD (800+200)
User withdraws 250 USD -> Initial Equity = 1000 USD (Negative outflow does not affect the initial equity)
Hence, all positive inflow of USD will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the trade.
Market Eligibility
Existing markets
Trading on all existing spot and perpetuals markets are counted for participation.
New markets created during the competition
New spot markets with stablecoin quote token such as $USD or $USC is counted.
New spot markets with the base token and quote token listed on CoinGecko is counted.
New spot markets with unknown base and quote tokens will not be counted.
New perpetual markets is counted.
Terms & Conditions
All current and new users are eligible to join the event during 22 June 2023, 9:00AM - 6 July 2023, 9:00AM (UTC)
Users will need to register to be eligible for rewards and rebates.
Competition is limited to the first 100 participants.
Prizes will be airdropped to winners as USD ($1 = 1 USD) to the Carbon wallet addresses used in the competition, within 90 days from end of the competition.
Kindly note that you are ineligible to participate in this campaign if you are located in these regions.
Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion.
Demex reserves all rights to the final interpretation of this event.
Last updated
Was this helpful?