⚛️ Cosmos Trading Competition
Trade together with your crew and earn prizes from a prize pool of $100,000!
Last updated
Trade together with your crew and earn prizes from a prize pool of $100,000!
Last updated
Welcome to the first-ever Cosmos Trading Competition with exciting prizes! Join forces with your favourite project crew and dive into an epic trading arena to earn points, and help your crew climb the leaderboard to win exciting prizes!
Event Duration: 17th July, 10:00 AM UTC - 17th August, 10:00 AM UTC
Trade, lend, and compete to lead your crew to victory in the $100,000 Cosmos Trading Competition!
To join the competition, you first need to connect to Demex using your favourite wallet, such as Leap.
Next, go to the Cosmos Trading Competition, then join your preferred crew! You can only register with one crew per account for the entire competition.
If you want to join another crew after you have registered with one, you can use another account to join. Also, make sure to secure your spot as crews are limited to the first 500 participants!
Pledge your allegiance to your chosen crew by lending their asset on Nitron and be eligible for rewards.
To use Nitron, you must first deposit the asset into Demex (Carbon network), then you can lend and collateralize it to complete your registration.
Note: After depositing your asset into Demex, it sits on your wallet balance in Demex, and you have to then go to Nitron to lend it.
| Crew | Token Requirements (~$100 each) | Quantity |
|---|---|---|
Archway | ARCH or sARCH from Archway | 2000 |
Celestia | TIA from Osmosis | 15 |
Cosmos | ATOM from CosmosHub or stATOM from Stride | 15 |
Demex | SWTH from Carbon | 22000 |
Dymension | DYM or stDYM from Osmosis | 50 |
dYdX | dYdX from dYdX Chain or stDYDX from Stride | 70 |
Osmosis | OSMO from Osmosis or stOSMO from Stride | 180 |
Injective | INJ from Injective or stINJ from Stride | 4 |
Kujira | KUJI or ampKUJI from Kujira | 90 |
Levana | LVN from Osmosis | 2200 |
Milkyway | milkTIA from Osmosis | 15 |
Secret | SCRT from Secret Network | 330 |
Stargaze | STARS from Stargaze or stSTARS from Stride | 8500 |
Terra | LUNA or ampLUNA from Terra | 200 |
Trade on any perpetual market to accumulate points. The more you trade, the more points you earn!
For every 1 USD of trading volume (including leverage) you earn 1 point.
Your registration is confirmed once your address appears on the leaderboard. Keep trading to accumulate points and help your crew climb the leaderboard to win from the $100,000 prize pool!
The Cosmos Trading Competition features two types of leaderboards:
Crew Leaderboard: Crews compete against each other based on their total trading volume. The main Crew leaderboard will sum up the points of all crew members in real-time.
Individual Leaderboard: Participants within each crew compete against each other based on trading volume. Individual leaderboards will show the standings and points of each particular crew.
The prize pool amount will be determined by the total volume on Demex with various milestones. The total trading volume includes traders who are not registered.
| Volume Milestone (Demex Total Volume) | Prize Pool ($USDC) |
|---|---|
<300M | $5,000 |
300M-400M | $20,000 |
400M-500M | $50,000 |
>500M | $100,000 |
The prize can be in $USDC or your token (TWAP market buy), your crew can vote on this. The prize will be distributed to your wallet balance on Demex.
The prize you will receive is first determined by your crew's performance.
The distribution is as follows:
Half of the prize pool will be distributed to crews based on the fixed tier table below.
The remaining half will be distributed to the crews based on their pro-rated volume.
Once the crew's prize is determined, the prize is allocated to individuals of the crew on a pro-rated manner based on their individual leaderboard rankings.
Fixed Tiers for Prizes
Half of the prize pool will be distributed to the top 9 crews based on their leaderboard rankings according to this allocation.
| Crew's Position | Allocation to Crew |
|---|---|
1st Place | 30% of half the prize pool |
2nd Place | 20% of half the prize pool |
3rd Place | 15% of half the prize pool |
4th Place | 10% of half the prize pool |
5th to 9th Place | 5% of half the prize pool each |
Prizes: Win from the $100,000 prize pool in USDC or your crew's token.
SWTH Incentives: Earn incentives for lending the asset on Nitron.
External Incentives: Potential incentives provided by your crew's protocol for lending the asset on Nitron.
Extra Rewards: As the event overlaps with Carbon Credits Season 6, you will earn 35% in $SWTH rebates for your trading fees paid, which can be used to offset trading fees, and other point booster events may take place during the competition as well.
How do I begin trading on Demex?
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.
How do I earn points? For every 1 USD of trading volume (including leverage) you earn 1 point.
Can I join another crew after registering? No, you can only register for one crew per Demex account for your participation throughout the competition.
What if I open a position before the event starts? 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.
What if I did not lend the required assets on Nitron, or unlend them before the end of the competition? You will not be eligible for the prize pool.
How is the prize pool distributed? The prize pool distribution depends on the cumulative trading volume reached during the competition. Prizes will be distributed across the top 9 crews on the leaderboard, and then within each crew based on individual rankings.
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 17th Jul 2024, 09:00AM UTC, and end on 17th Aug 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).
Prizes 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.
