The HODL Lottery
4 April 2023 - 18 April 2023, 8:00AM UTC
Join Demex's Lottery to win USD prizes! It's simple, fair, and you can earn an unlimited amount of tickets, giving you a high chance to win from the $1000 prize pool, where 10 lucky users will win 100 USD each!
Leverage is everything in this race, will you succeed or will you get liquidated?
Register Here 👇
How to Win
Step 1: Register
Visit The HODL Lottery page post a tweet on Twitter with your custom generated hashtag from us.
Scroll to the Register section. Click on "Generate" to generate your custom hashtag and tweet on your Twitter profile.
For the full guide, read: How to Register
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 Tickets - Open a Leveraged Position
💰 Open a Position
Open a leveraged position on any perpetuals market.
Each position should fulfill the requirements to be eligible for tickets:
Minimum open interest size: 500 USD (Position size after leverage)
Minimum leverage amount: 1x
🚀 Types of Positions
There are 3 types of positions that will be counted in the Lottery, with 3 different formulas each.
Longest Position
Other Positions
Liquidated Positions
View the formulas here: How to Count Your Tickets
🎟 View Your Tickets
After opening your position, your standing will show on the Leaderboard.
You will also be able to view the following stats:
Number of tickets earned
Duration of your longest position
Highest leverage of your positions
Step 3: Refer Friends to Gain Boosts
Refer other traders to Demex! Each referral adds 20 tickets to your total ticket count
*Note: Referees need to deposit a minimum of 100 USDC into Demex for the Referrer to qualify for the boost.
End of Lottery
When the lottery ends, the team will randomly draw 10 winners to win 100 USD each.
The list of winners will be released on Twitter, Telegram and Discord.
FAQs
What if i open a position before the lottery starts?
Your position will not be counted. Only positions that are opened during the lottery period will yield tickets.
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 HODL Lottery
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.
Users will need to register to be eligible for rewards.
All current and new users are eligible to join the event during 4 April 2023, 9:00AM - 18 April 2023, 8:00AM (UTC)
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