Top Gainers and Top Traders #2

1 November 2022 - 30 November 2022

Official Announcement

Top Gainers

Competition Details

• To win: Trade BTC or ETH perpetuals and compete for the highest profit % ranking.

• Ranking: Based on profit and loss ranking in %. (10 winners)

• To be eligible: You are eligible to participate at any point of time as long as you have an initial equity of 500 USDC. Hence deposit 500 USDC or ensure you have a minimum available balance of 500USDC.

• To note: We highly encourage a separate account for participation. This is to ensure all transactions involving USDC do not affect your initial equity calculation.

Prizes

Rank	Prizes (in USDC)
#1	$800
#2	$500
#3	$300
#4	$160
#5	$90
#6	$30
#7	$30
#8	$30
#9	$30
#10	$30

Rules

1. The profit and loss will be calculated and ranked in %.

2. In order to be eligible for participation, you must have at least 500 USDC as available balance at any point of time, used as an initial equity for calculations.

3. In the event that your initial equity is <500 USDC, you may not be eligible to participate, hence please ensure you have the minimum amount.

4. Equity = Balance + Unrealized Profit and Loss

5. 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

6. Any spot trading, withdrawal of liquidity, deposits or transfers of USDC will affect your initial equity, hence we encourage a separate account for participation in this competition. Example for calculating initial equity:

   • User deposits 500 USDC -> Initial Equity = 500 USDC

   • User withdraws liquidity of 300 USDC -> Initial Equity = 800 USDC (500+300)

   • User receives internal transfer of 200 USDC -> Initial Equity = 1000 USDC (800+200)

   • User withdraws 250 USDC -> Initial Equity = 1000 USDC (Negative outflow does not affect the initial equity)

   Hence, all positive inflow of USDC will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the competition i.e. 1 December 2022, 08:00 AM UTC.

Top Traders

Competition Details

• To win: Trade BTC or ETH perpetuals and compete for the highest trading volume ranking.

• Ranking: Based on volume ranking in USDC. (5 winners)

• To be eligible: There is no minimum available balance for this competition. Simply connect your wallet to participate.

Prizes

Rank	Prize (in USDC)
#1	$1000
#2	$500
#3	$300
#4	$150
#5	$50

Rules

1. The trading volume will be calculated and ranked in USDC.

2. Trading Volume = Principal * Leverage . For example, open and close a position with 100 USDC principal and 50x leverage can reach a trading volume of 5,000 USDC.

Terms & Conditions

• Prizes will be distributed to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from the end of the competition.

• Users are only eligible to participate with a single account.

• 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.