🟠 Archway Trading League
Trade on Demex and earn $ARCH prizes, from 13th June 2024 to 13th July 2024, 09:00AM UTC
How To Join
Step 1: Register
Starting from 13th June 2024 9:00AM UTC, visit the Archway Trading League page and click the “Register” button to participate in this event.
Step 2: Start Trading and Maximize Your Points!
Once you’ve registered for the event, it’s time to start trading perpetuals! As this is the Archway Trading League, you can earn more points by trading on the new ARCH-PERP market.
For every 1 USD of trading volume (factoring in leverage), you will earn:
| Markets | Points |
|---|---|
3 | |
Other Perpetual Markets | 1 |
You can use higher leverage to trade larger volumes and accumulate more points easily!
Step 3: Rise Up The Leaderboard!
Keep an eye on the leaderboard to track your progress in terms of your ranking and points during the event. The top 20 participants on the leaderboard will take home prizes in $ARCH.
FAQs
How do I begin trading on Demex (Carbon Network)?
Demex requires USDⒼ as margin for perpetual trading. USDⒼ is effectively USDC, it is backed 1:1 by USDC from multiple networks (Osmosis, Ethereum, Noble, Arbitrum, etc).
Follow these steps to deposit USDC onto Demex and start your trading journey:
Hold any supported USDC stablecoins within the USDⒼ basket. Check its constituents here.
Navigate to Demex's deposit page, connect your preferred wallet and deposit the USDC.
The USDC will be auto-converted at a 1:1 ratio to USDⒼ, and you can also withdraw USDⒼ to any of the supported stablecoins at any time.
Congratulations! You are now ready to trade on the ARCH-PERP or other markets, as well as be a market maker by providing liquidity to the Cosmos Perp Pool.
How do I calculate my points?
Collect points based on your trading volume on all perpetual markets, once you've registered. Points are calculated based on the perpetual market you are trading on. ARCH-PERP markets are awarded 3 times higher points for this Archway Trading League event.
For every 100 USD (after leverage) on the following markets, a trader will earn:
| Markets | Points |
|---|---|
3 | |
Other Perpetual Markets | 1 |
What if I open a position before the event starts?
Your position will not be counted. Only positions opened and closed during the event duration will be counted for your points on the leaderboard, as long as you have successfully registered.
What if I trade before registering?
Your trades before registering will not be counted. Please complete your registration before trading to be counted in the Leaderboard. Points are counted only for the volume generated after you opted-in for the promotion.
What are the prizes and how is it distributed?
There is a prize pool of 95,000 $ARCH up for grabs! The next prize pool level will unlock when the cumulative trading volume on Demex reaches the levels shown in the table.
| Cumulative Trading Volume | Total Prize Pool ($ARCH) |
|---|---|
<200M | 0 |
200-300M | 40,000 |
>300M | 95,000 |
Prizes will be distributed across the top 20 registered on the leaderboard, based on the prize pool depending on the cumulative trading volume of all participants.
Cumulative volume is the ongoing sum of all trading activities on Demex (includes spot and perps volume by all addresses) on a day-by-day basis, starting from the beginning of the event and accumulating throughout its entire duration.
| Leaderboard Ranking | No of winners per rank | Prize | Individual Prize Allocation |
|---|---|---|---|
1 | 1 | 30% | 30% |
2 | 1 | 20% | 20% |
3 | 1 | 12% | 12% |
4 | 1 | 8% | 8% |
5 | 1 | 7% | 7% |
6 | 1 | 6% | 6% |
7 | 1 | 5% | 5% |
8 | 1 | 4% | 4% |
9 | 1 | 2% | 2% |
10 | 1 | 1% | 1% |
11 to 15 | 5 | 3.33% | 0.66% |
16 to 20 | 5 | 1.67% | 0.33% |
Sum | 20 | 100% |
Prizes will be credited to the winners’ wallet addresses on Demex as $ARCH tokens.
Terms and Conditions
Demex reserves all rights to the final interpretation of this event. This includes but is not restricted to, the right to disqualify orders or users that are deemed fraudulent and to amend any event rule, guideline, or activity at our sole discretion.
The event will begin on 13th June 2024, 09:00AM UTC, and end on 13th July 2024, 09:00AM UTC.
All current and new users are eligible to join this event. However, users located in these regions are ineligible to participate in this event.
Only trades executed after you have successfully registered (within the event duration) will be counted to your points.
Only positions that have been opened and closed on perpetual markets during the event duration are counted. For example, a position opened before the event’s start date will not be counted. Similarly, a position opened after the end date will not be counted either.
The prize pool is variable and will increase with the cumulative trading volume of all addresses (including those that did not register). The top 20 ranking participants on the leaderboard will take home prizes. Refer to the FAQs for more information.
Prizes in $ARCH tokens will be airdropped to winners to the Demex wallet addresses (starting with swth) used for participation, within 90 days from the end of the event.
Terms and conditions can be changed at any point, as deemed necessary, to ensure a fair event for all participants.
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