Deposit Booster

15 August 2023 - 15 September 2023, 9:00AM UTC

Join Now: https://app.dem.exchange/marathon/promotion

✅ Eligibility

• To be eligible for the “Deposit Booster” promotion, users have to make a fresh deposit during the promotion period.

• Only transfers of USD from any chain towards Demex wallet will be counted towards the promotion. This means that users will need to convert to Carbon Grouped Token (USD) for their deposits to be counted.

Unlike the Demex Trading League Vol 1, there is no need for any registration for the Deposit Booster promotion. Deposit and trade away to be automatically qualified for the promotion!

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📝 Participation Requirements

In order to qualify for the promotion, the user will need to satisfy two separate requirements:

Requirement 1️⃣: Have a positive total Net Deposit of minimum USD 100.

Net deposit is defined as:

Only transfers of USD from any chain towards Demex wallet will be counted towards the promotion. This means that participants will need to convert to Carbon Grouped Token (USD) for their deposits to be counted.

Net Deposit = Total USD deposited on Demex wallet during promotional period - Total value of the assets withdrawn from Demex wallet during promotional period

The calculation of the “Net Deposit” will account for all cross-chain transfers for deposits and both cross-chain and internal transfers for withdrawals made by the user during the promotional period.

Requirement 2️⃣: For each tier, generate a minimum amount of volume on perpetuals markets.

• Only filled or partially filled orders on perpetual markets will be counted towards the minimum volume traded requirement.

• Volume is counted using the notional value of the trade.

• Each user is eligible for one single prize related to the higher tier she/he qualified for based on the table below.

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Rewards

Tier	Net Deposit	No. of Rewards	Min. Volume Traded	Prize
1	100 - 499 USD	20	1,000 USD	1,000 USD Raffle Ticket (50 USD / winner)
2	500 - 1,999 USD	20	10,000 USD	2,000 USD Raffle Ticket (100 USD / winner)
3	2,000 - 4,999 USD	500	50,000 USD	15 USD
4	5,000 - 19,999 USD	200	100,000 USD	40 USD
5	20,000 USD and above	100	200,000 USD	100 USD
6	20,000 USD and above	75	500,000 USD	300 USD
7	20,000 USD and above	50	1,000,000 USD	650 USD

FAQs

How is the “Net Deposit” amount defined?

The calculation of the “Net Deposit” will account for all cross-chain transfers for deposits and both cross-chain and internal transfers for withdrawals made by the user during the promotional period.

Will the existing balance prior to the promotion period be counted towards the “Net Deposit” calculation?

Yes, but only for cash out. For example, if the user has $1,000 in assets on Demex before the promotion starts and then proceeds to transfer assets for a value of $500 out of Demex, this will account for a negative balance of $500 towards the “Net Deposit” calculation. Don’t forget you can get returns from your assets on Demex both staking them on Liquidity Pools or by landing them on Nitron

What happens if I deposit assets for more than $20,000 but I generate $1,000 in trading volume in perpetual markets?

In this case you’ll access the Tier 1 prize, which is the access to the $1,000 Raffle, where 20 users will win $50 each. In order to get to the higher prize tiers, you’ll need to satisfy both requirements in terms of “Net Deposit” and “Min. Volume Traded on Perpetuals (USD)” as shown in the chart above

If I qualify for tier 3 or higher will I get access to the $1,000 and $2,000 raffles?

Yes, you will be eligible for the two raffles, giving you the chance to win extra prizes on top of the guaranteed ones in tiers 3 and higher.

If I qualify for tier 5 will I be eligible also for tier 3 and 4 prizes?

No, for the guaranteed prizes you’ll be eligible only for the highest level you achieved.

How can I keep track of the deposit amounts and the trading volume generated?

You can always check your trading history by visiting this page and use the filters to get the total volume for perpetual markets and this page to check the amount of assets deposited and cashed out

Terms & Conditions

• Demex reserves all rights to the final interpretation of this event.

• Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion.

• All current and new users are eligible to join the Deposit Booster during the mentioned promotion period.

• Kindly note that you are ineligible to participate in this campaign if you are located in these regions.
• Prizes will be airdropped to winners as USD to the Carbon wallet addresses used in the competition, within 90 days from end of the competition.