Celestia Trading League

23 January, 2024, 09:00AM UTC - 23 February, 2024, 09:00AM UTC

How To Play

Step 1: Register

Visit the Celestia Trading League page and click the “Register” button to participate in this event.

Step 2: Think Big, Trade Celestial!

Once you’ve registered for the event, it’s time to start trading perpetuals! As this is the Celestia Trading League, you can earn more points by trading on the TIA-PERP and DYM-PERP market.

For every 1 USD of trading volume (factoring in leverage), you will earn:

Markets	Points
TIA Perpetual Market	3
DYM Perpetual Market	3
Other Perpetual Markets	1

Trade large volumes to accumulate more points!

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 $milkTIA.

FAQs

1. How do I bridge USDC from Osmosis to Carbon network to begin trading on Demex?

For traders who are new to Demex, accessing perpetual trading requires a stablecoin as margin to begin trading. Carbon's stablecoin is USD, which consists of native USDC (Ethereum, Noble, Arbitrum,etc) and (Axelar and Osmosis).

Follow these steps to deposit your stablecoins onto Demex and start your trading journey:

1. Ensure you are holding any of the supported stablecoins within the USDⒼ basket. Check its constituents here.

2. Navigate to Demex's deposit page, connect your desired wallet and deposit any of the supported stablecoins.

Source: https://app.dem.exchange/account/balance/deposit/cgt/1

3. The stablecoin 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.

4. Congratulations! You are now ready to trade on the TIA-PERP and DYM-PERP market or provide liquidity to the Celestia Ecosystem Perp Pool.

2. 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. TIA-PERP and DYM-PERP markets are awarded higher points specially for this Celestia Trading League event.

For every 100 USD (after leverage) on the following markets, a trader will earn:

Markets	Points
TIA Perpetual Market	3
DYM Perpetual Market	3
Other Perpetual Markets	1

2. 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.

3. 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.

4. What are the prizes and how is it distributed?

There is a prize pool of 150 $milkTIA up for grabs! The next prize pool level will unlock when the cumulative trading volume of all the users registered for the event reaches the levels shown in the table.

Cumulative Trading Volume	Total Prize Pool ($milkTIA)
<3M	30 $mikTIA
3M - 6M	75 $milkTIA
> 6M	150 $milkTIA

Prizes will be distributed across the top 20 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 conducted by participants 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	Prize Allocation in milkTIA (Assume prize pool is 150 milkTIA)
1	1	30%	45
2	1	20%	30
3	1	12%	18
4	1	8%	12
5	1	7%	10.5
6	1	6%	9
7	1	5%	7.5
8	1	4%	6
9	1	2%	3
10	1	1%	1.5
11 to 15	5	3.33%	4.95
16 to 20	5	1.67%	2.48
Sum	20	100%	150

Prizes will be credited to the winners’ wallet addresses on Demex as $milkTIA 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 23rd January 2023, 09:00AM UTC, and end on 23rd February 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.

• 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 participants. The top 20 ranking participants on the leaderboard will take home prizes. Refer to the FAQs for more information.

• Prizes will be airdropped to winners as $milkTIA tokens to the Carbon wallet addresses 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.