# About Demex ## What is Demex? [Demex](https://dem.exchange/) (a.k.a. Decentralized Mercantile Exchange) is a decentralized L1 platform built from the ground up to support a fully on-chain financial system. Every action is visible on-chain, and it supports up to 50k orders / second with a 1.6s block finality time. Demex uses a custom consensus algorithm based on [CometBFT](https://docs.cometbft.com/v1.0/), as well as a proprietary oracle P2P protocol that allows data feeds of any asset to be updated to the L1 within 1 second. Our vision is to be able to support any financial need a person may have. Demex already supports on-chain order book trading (spot, perpetuals, futures), lending & borrowing, and earning via staking & liquidity pools. Demex will be launching options trading soon. ## Why Demex? Demex is unique as it has: * **Deep Liquidity -** Demex spot and perpetual order books are backed by liquidity vaults and AMMs. This means very deep liquidity and virtually zero slippage on all markets. * **CEX Speed Trading** - With a 1.6s block time, Demex finality is 400x faster than Ethereum, and comparable to the latest Layer 2 chains. Trading on Demex is virtually indistinguishable from a CEX. * **One-stop Shop** - Demex supports many types of instruments rather than just one (e.g. perps). This means you can deposit once and do everything you need on Demex. * **Capital Efficient** - Multi-collateral trading will allow lending positions and non-stablecoin assets to be used as margin. Together with support for long tail assets, Demex is the most capital-efficient trading venue. * **True Fairness** - Demex's trading engine is MEV-resistant - all trades within a block are treated with the same time priority and are fairly matched with a single clearing price. There is no centralized sequencer, and there are 10+ non-team validators active. * **True Openness** - All transactions are on-chain and final. Users can also list any token and create any market permissionlessly. # Roadmap Check out what's coming soon. Last Updated on 5 May 2025. Demex is constantly innovating. Our goal is to allow users to focus on what matters most: trading any asset they want and earning the highest yield. *This roadmap is in the process of being updated.* ### May 2025 * **User Managed Vaults**: Let others trade for you, or trade for others * **Cross-Margin:** Use your entire account equity as collateral across various positions ### July 2025 * **Multi-Collateral**: Share margin across positions and use multiple assets as collateral, including popular yield-bearing assets * **Decentralized Perp Listings:** List any token with an oracle as a perp market # Terms and Conditions Last updated: 29 November 2023 ## Summary This summary is an overview of the key terms that apply to your use of our website and services. Find the complete Terms of Service below for more information about how our services work. Please take note that we refer to our website where you can access our services, as “**Demex**”. ### **Our Services** Demex is a platform designed for speed, scalability, and security that provides users with the ability to trade digital tokens and financial instruments such as futures and options. Demex uses Carbon, a decentralized, Cosmos-SDK based blockchain that allows users to permissionlessly trade, lend, borrow, list markets, make changes to system parameters, and further develop the platform, among other things. Demex uses TradingView technology to display data on charts. TradingView is globally recognized as a leading platform for charting and trading, offering an extensive array of technical, drawing, and analytical tools. Powered by robust technologies available on web browsers, desktop applications, and mobile apps, this platform delivers unparalleled access to real-time data e.g. [BTC USD chart](https://www.tradingview.com/symbols/BTCUSD/), the latest financial news, [Stock screener](https://www.tradingview.com/screener/), and [Economic calendar](https://www.tradingview.com/economic-calendar/). ### **Eligibility and Acceptable Use** Anyone with a decentralized wallet that connects to Demex can use it. However, there are certain things you are not permitted to do on Demex, such as engage in illegal activities or cause damage to our services or systems. The range of services that are legally available to you will depend in part upon the country in which you are a resident of and from which you access Demex. Please read the "Acceptable Use" and "Restricted Locations" sections below for more details. ### **Important Notices** **Trading Risks** Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of Demex's control and sphere of influence. Please apply your due diligence before buying or selling cryptocurrencies and digital tokens. Demex shall not be liable for any losses, damages, costs, or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental, or consequential damages) from participating in trading activities or other crypto market-related activities. Do not use Demex if you do not understand these **risks** and **enter into trades only when you understand the trading option you are using, the characteristics of the digital asset you intend to trade, and the potential financial risk of loss** when using them. **Not an Offer** None of the information contained here or in Demex constitutes an offer (or solicitation of an offer) to buy or sell any security, currency, product, cryptocurrency, digital token, or financial instrument, to make any investment, or to participate in any particular trading strategy. **Forward Looking Statements** The information contained here or in Demex may contain forward-looking statements. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. #### **Not Financial Advice** The information and publications here and within Demex are not intended to be and do not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort offered or endorsed by Demex. Demex does not take into account your investment objectives, specific investment goals, specific needs, or financial situation, and makes no representation and assumes no liability for the accuracy or completeness of the information provided here. Demex also does not warrant that such information and publications are accurate, up to date, or applicable to the circumstances of any particular case. #### **Other Important Legal Terms** There are important legal terms provided below in the complete Terms of Service, including your **general obligations**, our **limitation of liability,** and **warranty disclaimers**. Please take the time to read these terms carefully. ## Complete Terms of Service These Terms of Service and any terms incorporated herein ("Terms") apply to your access to and use of the website provided by us, our partners, or any other third-party service providers (collectively, "Demex”, "we", "us", or "our") including but not limited to trading, staking, liquidity pools, order books, matching engines, trading events, reward programs, APIs and all other services provided by Demex as described in these Terms (collectively, our "Services"). Demex reserves the right to change these Terms from time to time for any reason. Access to the website is subject to these Terms, as they are amended from time to time and published on the website. You should therefore read this page carefully each time you access Demex. Your continued access to the Website shall be deemed as having read, understood, and accepted the revised Terms published on the Website. ### 1. **Key Definitions** Capitalized terms not otherwise defined in these Terms will have the following meaning: * "Digital Asset" means any tangible or non-tangible asset, including but not limited to non-fungible tokens, cryptocurrencies, derivative contracts, that are created and stored in a digital format that may be purchased, sold, or traded via our Services. * "Digital Asset Wallet" means any Digital Asset account owned, controlled, or operated by you. * "Account" means an end-user account on the Carbon blockchain opened through or is accessible via Demex by connecting through the user’s own Digital Asset Wallet, cryptographic key, or any other method. ### 2. Restricted Locations Residents or inhabitants of the following jurisdictions (the "Restricted Locations") are not permitted to use the Services provided by Demex: United States of America, Mainland China, Singapore and countries sanctioned by [United Nations Article 41](https://www.un.org/securitycouncil/content/repertoire/sanctions-and-other-committees): Southern Rhodesia, South Africa, the Former Yugoslavia, Haiti, Angola, Liberia, Eritrea/Ethiopia, Rwanda, Sierra Leone, Côte d’Ivoire, Iran, Somalia/Eritrea, Iraq, Democratic Republic of the Congo, Sudan, Lebanon, Democratic People’s Republic of Korea, Libya, Guinea-Bissau, Central African Republic, Yemen, South Sudan and Mali. ### 3. Eligibility Demex does not make the Services available in all markets and jurisdictions. If you are registering to use the Services on behalf of a legal entity, you represent and warrant that (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and (ii) you are duly authorized by such legal entity to act on its behalf. You further represent and warrant that you: (a) are of legal age to form a binding contract (at least 18 years old in the U.S.); (b) have not previously been suspended or removed from using our Services; (c) have full power and authority to enter into this agreement and in doing so will not violate any other agreement to which you are a party; (d) are not located in, under the control of, or a national or resident of (i) any Restricted Locations, or (ii) any country to which the United States has [embargoed goods or services](https://ofac.treasury.gov/sanctions-programs-and-country-information); (e) are not identified as a "Specially Designated National;" (f) are not placed on the Commerce Department’s Denied Persons List; (g) will not use our Services if any applicable laws in your country prohibit you from doing so in accordance with these Terms; and (h) meet all eligibility requirements for the Services at the time of using any Services. Demex may condition your access or continued access to certain Services (or features of those Services), such as by imposing eligibility requirements. Demex will keep you informed of these on its website. Demex may require, on an ongoing basis, that you demonstrate to us that you continue to meet these requirements. All decisions made by Demex are final. ### 4. General Obligations By accessing Demex or engaging in the Services, you agree to the following obligations. 1. You must provide any information required when creating an Account or when prompted by any screen displayed within the Services. You represent and warrant that any information you provide via the Services is accurate and complete. 2. You will, if required by the Services, create a strong password that you do not use for any other website or online service. 3. You will maintain the security of your Account by restricting access to your Account and protecting your password, encrypted key, or any other cryptographic seed phrases related to your Account. ### 5. Limitation of Liability By engaging in the Services, you agree that Demex will not be liable for losses to your account, including but not limited to: (a) any activities that occur due to any authorized or unauthorized access to your Account; (b) transferring your Digital Assets to a blockchain address or Account not owned or controlled by you; (c) security breaches including but not limited to hacks or intrusions to Demex or third-party providers, DNS hijacking, and smart contract exploits. ### 6. Warranty Disclaimer Demex does not give any guarantee on uptime or service level regarding the usage of the Services. This means that transactions you submit via the Services may fail at any given point in time without warranty. Demex will not be responsible for losses due to such failed transactions. Demex cannot recover and will not be responsible for any Digital Asset that may be lost due to an incorrect Digital Asset transfer. ### **7.** **Acceptable Use** We may, at any time and our sole discretion, limit, suspend or terminate your use of Demex, if any transactions are made which we in our sole discretion deem to be (a) made in breach of this Agreement; or (b) suspicious, unauthorized or fraudulent, including without limitation concerning money laundering, terrorism financing, fraud or other illegal activities; or (c) if we become aware or suspect that any Digital Assets or funds held in your Account may be associated with criminal proceeds or otherwise are not lawfully possessed by you. ### **8. Conditions and Restrictions** We may, at any time and for any reason, refuse to execute any transaction submitted via the Services or impose any other conditions or restrictions upon your use of the Services without prior notice. ### **9.** **Risk Disclosure** You understand that an investment or trade in any security or cryptocurrency is subject to several risks, and that discussions of any security or cryptocurrency published on Demex may not contain a list or description of relevant risk factors. You understand that markets change continuously, so any information, content, or other material provided on or through Demex may not be complete or current, or may be superseded by more current information. You rely on such information at your own risk. Demex offers its Services at your own risk. You acknowledge, agree, and accept that trading entails a high financial risk. You have the necessary experience and knowledge to understand the risks involved in using the Services, in particular derivative products. You should carefully assess whether your financial situation and risk tolerance are suitable for buying, selling, or trading cryptocurrency and using the Services. **You may lose all of the funds in your Account.** # Disclaimers **Not an offer**\ None of the information contained in this documentation constitutes an offer (or solicitation of an offer) to buy or sell any security, asset, cryptocurrency, digital token, or financial instrument, or to make any investment, or to participate in any particular trading strategy. **Forward-looking statements**\ The information contained here may contain forward-looking statements. These statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. **Not financial advice**\ The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort offered or endorsed by Demex. Demex does not take into account your investment objectives, specific investment goals, specific needs, or financial situation, and makes no representation and assumes no liability for the accuracy or completeness of the information provided here. Demex also does not warrant that such information and publications are accurate, up-to-date, or applicable to the circumstances of any particular case. **Risk warning**\ Cryptocurrencies and digital tokens are subject to high market volatility and risk, and are out of Demex's control and sphere of influence. Please apply your due diligence before buying or selling cryptocurrencies and digital tokens. Demex shall not be liable for any losses, damages, costs, or expenses (including, but not limited to, loss of profits, loss of use, direct, indirect, incidental, or consequential damages) from participating in trading activities or other crypto market-related activities. # Getting Started Welcome to [Demex](https://app.dem.exchange/)! This section helps you to get started & navigate the Demex platform if you are completely new to the space. Demex offers a diverse range of financial services to cater to everyone's needs: * For traders: [trade](/trade/features) spot, futures, perpetual markets, or [borrow](/earn/nitron-lend-and-borrow/walkthroughs/borrow-assets) to short * For yield farmers: [lend assets](/earn/nitron-lend-and-borrow/walkthroughs/lend-assets) or [provide liquidity](/earn/liquidity-pools/liquidity-pools) ## How do I onboard to Demex? To begin trading or earning on Demex, you can either use email login or a DeFi (any EVM / Cosmos) wallet. 1. Click "Deposit" and choose either the DeFi wallet or email login option. 2. Approve the wallet connection (if using a DeFi wallet) and sign the [T\&C ](/earn/referrals/terms-and-conditions)acknowledgement message. 3. [Deposit USD or tokens](/welcome/getting-started/depositing) for trading or earning. 4. [Activate](/welcome/getting-started/activate-account) your account (to allow for EVM functionalities). 5. (Optional) Activate [One-Click Trading](/welcome/getting-started/one-click-trading) for a faster transaction experience. 6. Start trading or earning! 7. (Optional) [Refer](/earn/referrals) your friends if you like what you see! ## How do I fund my Demex account? On your [deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), select USD or the token you wish to deposit, the chain you are depositing from, and the amount you would like to deposit. There are multiple options available such that you can deposit any source asset from any chain. Confirmation times and fees vary depend on the option selected. After the deposit transaction is processed, your funds will be available to trade immediately. ## How do I withdraw from Demex? On your [withdrawal page](https://app.dem.exchange/account/balance/withdraw/cgt/1), select the token you would like to withdraw, the chain you want to withdraw to, and then enter the address and amount you would like to withdraw. Withdrawal fees vary based on the chain selected. # Connect Wallet No registration required. ## Introduction As a decentralized exchange, no registration or login is required. Trading is done directly from your cryptocurrency wallet. The following wallets are currently supported on Demex: * [Ledger](/welcome/getting-started/connect-wallet/ledger) * [MetaMask](/welcome/getting-started/connect-wallet/metamask) * [Leap](/welcome/getting-started/connect-wallet/leap) * [Keplr](/welcome/getting-started/connect-wallet/keplr) * [Encrypted Key](/welcome/getting-started/connect-wallet/encrypted-key) * More options, such as WalletConnect are coming soon.

Supported wallets

{% hint style="info" %} Please note that you can deposit tokens from a **different** wallet from your "trading wallet". The wallet you first connect with is your "trading wallet". After connecting, you will be presented with [various deposit methods](/welcome/getting-started/depositing) for transferring funds into your trading wallet in your account deposit page. {% endhint %} ## Wallet Comparison
Connection MethodWallet TypeSecurityNotes
Ledger (Cosmos)HardwareVery HighVery secure, but requires interfacing with your hardware device for every transaction. Great for use staking.
MetaMaskBrowser ExtensionHighPopular wallet that most Web3 users are familiar with. Allows you to interface with the EVM portion of Carbon as well, without having to manage multiple wallets.
LeapBrowser ExtensionHighCosmos and Ethereum wallet that supports Carbon natively. Can be used to stake Carbon token natively.
KeplrBrowser ExtensionHighCosmos focused wallet - adding Carbon as a chain is required.
Encrypted KeyEncrypted KeyLowThis connection method is insecure and is no longer recommended.
Social LoginWeb3AuthMediumLogin with popular social media accounts with a fully self-custodial approach using Multi-Party Computation (MPC).
# MetaMask This guide explains how to use MetaMask on Desktop and Mobile to connect to Demex. ## Desktop Navigate to the [Demex website](https://app.dem.exchange/), click 'Connect Wallet' located at the top-right, and select "MetaMask'.
You will be prompted to add and switch the network to "Carbon EVM Mainnet" which is the network that Demex is on. You will be asked to sign a message confirming to the T\&Cs, it will not cost anything. ![](/files/BWHt7uXHT4Hj1uVimFRc)![](/files/8R0mJNtqevImpup1XFil) {% hint style="success" %} Congratulations, your MetaMask wallet has been successfully connected! You may begin trading on Demex. {% endhint %} **Note**: Once you have funded your account, in order to proceed with your first transaction on Demex, it is necessary to [activate your account](/welcome/getting-started/activate-account) first. ## **Mobile** Using Demex on MetaMask Mobile has the following benefits: * Open Demex directly in MetaMask Mobile to interact with Demex using your Ethereum account * Make payments to another account in one click (with pre-filled parameters such as recipient address, amount and network). **Step 1**: Install MetaMask Mobile on [iOS](https://apps.apple.com/us/app/metamask-blockchain-wallet/id1438144202) or [Android](https://play.google.com/store/apps/details?id=io.metamask\&hl=en\&gl=US). **Step 2:** Once you have downloaded MetaMask on mobile, you will be directed to a page where you can set up a MetaMask wallet. There are 2 options available: 1) Create a new wallet, or 2) Import using Secret Recovery Phrase. **Step 3**: After successfully setting up your MetaMask wallet, select 'Browser' from the bottom menu, and navigate to the [Demex website](https://app.dem.exchange/). To connect your wallet, simply click on the 'Connect' button.
**Step 4**: Among the wallet options provided, select the 'MetaMask' option. Connect to MetaMask on Demex by clicking on the 'Connect' button.
**Step 5**: Approve the MetaMask connection to Demex on the Carbon blockchain by clicking on the 'Sign' button.
{% hint style="success" %} Congratulations, your MetaMask wallet has been successfully connected! You may begin trading on Demex using your mobile device. {% endhint %} ## Troubleshooting If you're logging into Demex using a non-MetaMask wallet (eg. Keplr), but you already have funds in an Ethereum address that can only be accessed through MetaMask, the following notification may appear when you attempt to interact with Demex.
To resolve this, you have to first connect to Demex using your MetaMask account. After that, you can switch to your preferred wallet and carry out transactions on Demex as usual. ## Troubleshooting If you're logging into [Demex](https://app.dem.exchange/) using a non-MetaMask wallet (eg. Keplr), but you already have funds in an Ethereum address that can only be accessed through MetaMask, the following notification may appear when you attempt to interact with Demex.
To resolve this, you have to first connect to Demex using your MetaMask account. After that, you can switch to your preferred wallet and carry out transactions on Demex as usual. # MetaMask Migration ## Introduction Demex had an earlier integration with MetaMask ("Legacy Integration"). To offer users a new and improved experience of using MetaMask, [Demex](https://app.dem.exchange/) released a new integration with MetaMask ("EVM Integration"). **Users that connected to Demex with MetaMask before `03/07/2023` will need to migrate to the new integration method.** The enhanced integration will have the following benefits: * Users can generate an '0x...' address (typical of EVM accounts) in addition to their 'swth1...' address, allowing users to interact with dApps built using CarbonEVM and providing a more streamlined user experience in the Carbon ecosystem * Lower fees: Elimination of [one-time activation fee ](/trade/fees/network-fees#deposit) * Improved convenience: Connect to Demex on mobile device * Enhanced security: Sign transactions directly on MetaMask * Native MetaMask support: * Ability to add Carbon as a network on MetaMask * Send and receive Carbon tokens directly from MetaMask For ease of reference, we use the following Demex account designations: 1. Legacy account: This refers to all Demex accounts that were used to connect to Demex before `03/07/2023` and are not compatible with CarbonEVM. 2. EVM account: This refers to all Demex accounts that are compatible with CarbonEVM. Users will retain the ability to log into Demex using their Legacy accounts. However, in order to take advantage of the aforementioned benefits, we highly recommend migrating your Demex Legacy account to the EVM account. #### Important notes: * When connecting, you will be presented with the choice of either continuing to use Demex on the Legacy account or migrating to the EVM account. If you opt to stay on the Legacy account, Demex will continuously prompt you to initiate the migration process. * The migration process does not involve the creation of a new account, and your funds will remain secure. * The migration has no impact on your staked and LPed tokens, as well as your ability to engage in operations on Demex. You can seamlessly carry out activities such as trading, lending, providing liquidity, and staking, just as you did prior to the migration. * The 'swth1...' address and account you utilized prior to the migration will remain unchanged. ## Step-by-step Guide **Step 1**: Navigate to the [Demex website](https://app.dem.exchange/) and click on the 'Connect Wallet' button located at the far-right corner.
**Step 2:** Select the 'MetaMask' option located second from the bottom among the available Wallet choices.
Click on the 'Connect' button.
**Step 3**: Legacy account detected. To initiate the migration process, click on the 'Migrate' button.
**Step 4**: Copy the private key given, and click on the 'Next' button. {% hint style="info" %} You can also import this private key to other wallets like Keplr or Leap if you want to use those wallets to connect to Demex. {% endhint %}
**Step 5**: In order to import your Demex account, you need to go to the MetaMask browser extension and click on 'My Accounts' followed by 'Import Account'. Then, you should paste the private key that you copied in Step 4 into the extension.
Click on the 'Next' button when you have completed the instructions above. {% hint style="info" %} You may import your account to Keplr and Leap as well. {% endhint %} **Step 6**: After successfully importing your account, you need to switch to your newly imported account on MetaMask and then reconnect to Demex to complete the migration process.
Click on the 'Connect' button once you've completed the switch. {% hint style="success" %} Congratulations, you have successfully migrated your account! {% endhint %} Following a successful migration, you can now connect to Demex using MetaMask. The enhanced integration allows you to link your native balance between Carbon Core and Carbon EVM, enabling seamless navigation between the IBC and Ethereum ecosystems. **Note**: Once you have funded your account, in order to proceed with your first transaction on Demex, it is necessary to [activate your account](/welcome/getting-started/activate-account). Please note that this activation requirement only applies to first-time transactions. # WalletConnect ## **Guide** We’ve integrated WalletConnect into Demex, making connecting with a wider range of wallets easier! MetaMask users can now connect via "Browser Wallet" → Wallet Connect on mobile, or "Browser Wallet" → MetaMask on desktop. 1. Click on "Connect" and select Browser Wallets/Mobile Wallets to begin (depending on Desktop or Mobile) 2. Choose the wallet that you wish to login with and go through the signing process, and done! 3. It is highly recommended that you enable [one-click trading](https://guide.dem.exchange/welcome/getting-started/one-click-trading-1ct) after signing in. {% hint style="info" %} Note: You may be asked to change your network, connect, and sign, in order to proceed, images provided below. {% endhint %}

Click on 'Browser Wallet' or 'Mobile Wallet'

Select your preferred Wallet

If you are not on 'Carbon EVM' which is Demex's chain, you might be prompted to switch to that network

Connect to the wallet

Connect to the wallet

Sign this message

# Social Media Login Social Login is the most convenient way to use Demex if you do not have an existing Web3 wallet. The following instructions illustrate how to connect to [Demex](https://app.dem.exchange/) via Social Login. ## **Guide** **Step 1**: Select either 'Connect with Google' or 'Connect with X'.
**Step 2:** Sign into the account that you want to use. {% hint style="info" %} Note: Avoid using a social account that is temporary or at risk of being lost, such as a business email, as your Demex account will be tied to that social login. {% endhint %} **Step 3**: You are now connected. Click on '[Deposit Now](https://beta-app.dem.exchange/account/balance/deposit/cgt/1)' to begin [your first deposit](https://guide.dem.exchange/welcome/deposits-and-withdrawals).
{% hint style="success" %} Congratulations, you have successfully created your Social Login account and connected to Demex! You may begin trading on Demex. {% endhint %} To log into your account in the future, simply connect using the same social login. This solution is powered by Web3Auth, a self-custodial key management solution. Demex do not store your keys. {% hint style="info" %} Learn more about Web3Auth [here](https://web3auth.io). {% endhint %} # Ledger This guide explains how to use Ledger on Desktop to connect to Demex. {% hint style="info" %} Learn more about Ledger [here](https://www.ledger.com/). {% endhint %} ## **Guide** **Step 1**: To get started, plug in your Ledger device to your computer and enter your PIN. Make sure that the Cosmos application is already installed on your Ledger, and that it has been updated to the most recent version. In case the latest version is not yet installed, you may refer to the instructions [here](https://support.ledger.com/hc/en-us/articles/360013713840-Cosmos-ATOM-) for guidance. **Step 2**: Navigate to the [Demex website](https://app.dem.exchange/) and click on the 'Connect Wallet' button located at the far-right corner.
**Step 3:** Select the 'Ledger' option located at the top of the available Wallet choices.
**Step 4:** Launch the Cosmos application on your Ledger device and verify that it displays the message 'Cosmos Ready'. **Step 5:** Proceed to click the 'Connect' button on Demex. This will prompt a pop-up window to appear, allowing you to select your Ledger device. Choose your device from the options provided, and you will then be logged in to Demex.
{% hint style="success" %} Congratulations, your Ledger has been successfully connected! {% endhint %} Please note that activation is a one-time requirement, meaning you only need to activate your account once. # Leap This article illustrate how to connect Leap wallet on Desktop and Mobile to [Demex](https://app.dem.exchange/). {% hint style="info" %} Learn more about Leap [here](https://blog.switcheo.com/carbon-on-leap-wallet/). {% endhint %} ## **Connect Leap wallet on Demex** **Step 1**: Navigate to the [Demex website](https://app.dem.exchange/) and click 'Connect Wallet' located at the top-right.
**Step 2:** Select the 'Leap' option located in the middle among the available Wallet choices.
**Step 3:** Connect to Leap Wallet on Demex by clicking on the 'Connect' button.
**Step 4**: Approve the Leap connection to Demex on the Carbon blockchain by clicking 'Approve'.
{% hint style="success" %} Congratulations, your Leap wallet has been successfully connected! {% endhint %} ## **Leap Mobile Guide** **Step 1**: Install Leap Cosmos Wallet on [iOS](https://apps.apple.com/in/app/leap-cosmos/id1642465549/?utm_source=twitter\&utm_medium=bio-permanent-twitter\&utm_campaign=bio-permanent) or [Android](https://play.google.com/store/apps/details?id=io.leapwallet.cosmos\&utm_source=twitter\&utm_medium=bio-permanent-twitter\&utm_campaign=bio-permanent-twitter\&pli=1). **Step 2:** Once you have downloaded Leap Wallet on mobile, you will be directed to a page where you can set up a Leap wallet. **Step 3**: After successfully setting up your Leap wallet, select 'Browser' from the bottom menu. Then, click on 'Demex' under 'DEX' and select 'Connect' to connect your wallet to Demex.

How to connect to Demex on iOS

**Step 4:** Select the 'Leap' option located in the middle among the available Wallet choices. **Step 5:** Connect to Leap Wallet on Demex by clicking on the 'Connect' button. **Step 6**: Approve the Leap connection to Demex on the Carbon blockchain by clicking on the 'Connect' button.

How to connect to Demex on iOS

{% hint style="success" %} Congratulations, your Leap wallet has been successfully connected! You may begin trading on Demex using your mobile device. {% endhint %} # Keplr This guide explains how to use Keplr on Desktop to connect to Demex. ## Connect Keplr wallet on Demex **Step 1**: After creating your [Keplr](https://www.keplr.app/) wallet successfully, go to [Demex](https://app.dem.exchange) and connect using Keplr.
**Step 2**: To integrate the carbon-1 blockchain with Keplr, simply click on the 'Approve' button.
{% hint style="info" %} The first time you connect to Demex using Keplr, a request to "Add Carbon to Keplr" will appear. Carbon is the chain that Demex is on. Click 'Approve'. This request only appears during the initial connection. {% endhint %} **Step 3:** Once connected, you will need to click on the Keplr Extension in order to access your wallet. From the options available under the Cosmos dropdown menu, choose Carbon as the network.
You should be able to see your Carbon address (starting with "swth1...") on your Keplr wallet. {% hint style="success" %} Congratulations, your Keplr wallet has been successfully connected! {% endhint %} # Encrypted Key This guide explains how to use Encrypted Key to connect to Demex. {% hint style="info" %} Learn more about Encrypted Key [here](https://www.coinbase.com/learn/crypto-basics/what-is-a-private-key). {% endhint %} ## **Guide** **Step 1:** On [Demex](https://app.dem.exchange/), click 'Connect Wallet' located at the top-right.
**Step 2:** Select the 'Encrypted Key' option located at the bottom of the available Wallet choices.
**Step 3:** Input the relevant information for your Encrypted Key to access your wallet.
{% hint style="success" %} Congratulations, your wallet has been successfully connected! {% endhint %} ## Key/Password Recovery **Step 1**: To reset your password or retrieve your Encrypted Key, click on the 'Lost Key or Password?' option located to the left of the 'Connect' button.
**Step 2**: Reset your password or retrieve your Encrypted Key by inputting your 12 word Recovery Phrase.
{% hint style="success" %} Well done, you have successfully reset your password/retrieved your Encrypted Key! {% endhint %} **Step 3**: To connect to Demex using your Encrypted Key, please follow the Step by Step Guide provided above. {% hint style="success" %} Congratulations, your wallet has been successfully connected! {% endhint %} # Depositing Depositing to Demex is as simple as depositing to CEXs such as Binance or Bybit. The reason a "deposit" is needed, even though Demex is a DEX, is that Demex is also an Layer 1, and transfer of assets to the Demex chain is required. By doing this, trading on Demex becomes infinitely cheaper and much faster compared to other non-financially specialized, aka general blockchains. After you [connect your wallet](https://guide.dem.exchange/welcome/getting-started/connect-wallet), click '[Deposit](https://app.dem.exchange/account/balances/deposit/cgt/1)' in the top right-hand corner to begin depositing.
## Option 1: Deposit from any CEX or wallet via token transfer Deposit from any Centralized Exchanges (CEXs) or external wallet via your unique deposit address. **Step 1**: On the [deposit page](https://beta-app.dem.exchange/account/balances/deposit/cgt/1), select the asset to deposit, then select the network you want to deposit from that is supported by your CEX, then click on 'Create Address' to generate your unique address.
**Step 2:** Go to your preferred CEX and withdraw your selected asset to your unique withdrawal address.
{% hint style="info" %} Please note: * Ensure you only send the selected token on the selected chain * Recovery of incorrectly sent tokens is not currently supported * While your deposit address is secured using advanced encryption methods, the private key cannot be revealed to users for security reasons {% endhint %} **Step 3:** Your funds will be deposited after a short while. Track the deposit status on your[ transfers page](https://beta-app.dem.exchange/account/transfers/crosschain). ## **Option 2: Deposit by connecting a DeFi Wallet** **Step 1**: On the [deposit page](https://beta-app.dem.exchange/account/balances/deposit/cgt/1), select the asset you want to deposit and the network you want to deposit from. Almost all popular networks should be supported. You will have to connect the wallet where your assets reside in, then select the amount you wish to deposit.
**Step 2**: Click "Deposit", and then verify and confirm the transaction that appears on the pop-up window of your wallet. **Step 3:** Your funds will be deposited after a short while. Track the deposit status on your[ transfers page](https://beta-app.dem.exchange/account/transfers/crosschain). ## Option 3: Swap + Deposit Swap any asset from any chain into your preferred asset on Demex via the [Skip](https://www.skip.build/) protocol. **Step 1:** After clicking "Deposit" in the navbar, click on "Cross-Chain Swap".
**Step 2:** Select the asset, network, and amount you want to swap and deposit in. Select USDC for the bottom asset to receive [USD](https://guide.dem.exchange/welcome/what-is-usdg) on Demex, then press 'Swap'.
**Step 3:** * **For Cosmos wallets:** If you are connected via a Cosmos wallet (i.e., Keplr or Leap), double check the address on Carbon is the same as your signed-in wallet and click 'Confirm'. * **For EVM wallets:** You will need to copy and input the SWTH address of your account, which is the Cosmos address. The address is presented below.
**Step 4:** Your funds will be deposited after a short while. Track the deposit status on your[ transfers page](https://beta-app.dem.exchange/account/transfers/crosschain). # Activate Account An explanation of the activate account dialogue To execute transactions on Demex, you have to activate your account. Activating your account requires you to sign a transaction that: * Allows you to utilize Demex on Web3 wallets such as MetaMask * Acts as a necessary step for you to perform in EVM transactions * Enables you to link your native $SWTH balance transparently between Demex L1 and the EVM submodule—that means your $SWTH balance will be the same on both your `swth1...` address on Leap / Keplr as well as your `0x...`address on Metamask (assuming you use the same private keys or secret phrase). Activation is a **one-time requirement**, meaning you only need to perform this step once. ## Walkthrough The following instructions illustrate how to activate your account on Demex. **Step 1:** Go to [Demex](https://app.dem.exchange/) and [connect your wallet](/welcome/getting-started/connect-wallet). **Step 2:** [Deposit](/welcome/getting-started/depositing) funds if needed. **Step 3**: Perform your first action as per normal (e.g. trade, lend, add liquidity). When doing so, the following dialogue will appear, prompting you to activate your account. This will happen if you are a new user or have used Demex before **`03/07/2023`** and have not used it since.

Two transactions are required on you first action!

**Step 3:** Follow the instructions in the pop-up to activate your account. {% hint style="success" %} Congratulations, with your account activated and funded, you're ready to explore and trade on Demex! {% endhint %} # One-Click Trading Enable one-click trading for the best trading experience on Demex, on par with CEXs. ## What is One-Click Trading? One-Click Trading (1CT) allows Demex users to perform most of the common actions without the need to manually sign each transaction, saving you time and improving your trading experience. With 1CT activated, most actions, from trading to liquidity provision, lending, and borrowing, etc, do not need a signature. For safety reasons, all withdrawals will still require a signature. To see the full list of transactions supported and a more technical explanation, you can visit the Carbon guide [here](https://docs.carbon.network/introduction/getting-started/signless-transactions). ## How do I access One-Click Trading? When you first connect to Demex and activate your account, you should be prompted to enable one-click trading or signless transactions. Otherwise, you can visit your [**user profile page**](https://app.dem.exchange/account/profile) and find '**One-Click Trading**' under '**Preferences**'. You can select the period for which you want to enable One-Click Trading, from 1 hour to 90 days, and you will be prompted to approve this, which costs a small fee of less than 5 cents.
You can disable it at any time as well. This flexibility allows you to tailor the feature to your trading habits and security preferences. {% hint style="info" %} 1CT needs to be enabled for each device that you use Demex on. {% endhint %} # Deposits & Withdrawals ## Deposits On our [deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), select USDC or change to any of the supported tokens, then select the network you are depositing from, connect your external wallet, and enter the amount you would like to deposit into your Demex account. After the deposit transaction is processed, your funds will be available to trade. You can visit the [depositing page](/welcome/getting-started/depositing) for more details. ## Withdrawals On our [withdraw page](https://app.dem.exchange/account/balance/withdraw/cgt/1), select the token you would like to withdraw, then select the network you want to withdraw to, and enter the address and amount you would like to withdraw. You can visit the [withdrawing](/welcome/deposits-and-withdrawals/withdrawing) page for more details. # Withdrawing Really..? ## Introduction Withdrawing from Demex to an external wallet is cheap and is almost instant. In many occasions, this can be faster than centralized exchanges that you are familiar with (e.g. Binance). Typically, withdrawals are quicker to confirm than deposits, and typically take a few seconds to a few minutes, depending on the network you are withdrawing to. The following walkthrough demonstrates how to perform a withdrawal, using $SWTH as an example. ### **Walkthrough** **Step 1**: Navigate to the [Demex website](https://app.dem.exchange/) and select '[Balance](https://app.dem.exchange/account/balance)' from the menu located on the right-hand side.
**Step 2**: Select "Withdraw" beside the token you wish to withdraw (SWTH in thie example).
**Step 3**: Select a network for withdrawal.
{% hint style="warning" %} **Tokens are at risk of being lost should the wrong network be selected.** It is important to select the appropriate network while depositing or withdrawing tokens to prevent the possibility of losing them. To avoid any potential risks, make sure to choose the correct network. {% endhint %} **Step 4**: Enter the receiving address. You can either enter the specific amount you wish to withdraw or use the slider.
**Step 5**: Hit the "Withdraw" button. Verify and authorize the transaction that appears on the pop-up window of your wallet. **Step 6:** To track the status of your transaction after withdrawing your tokens, navigate to the "Crosschain Transfers" tab of your profile.
{% hint style="success" %} Congratulations, you have successfully withdrawn your tokens! {% endhint %} # Internal Transfers Cheap transfers between Demex users ## Introduction Internal Transfers refer to the act of transferring tokens on Demex to other users of Demex or Carbon (or your other accounts). By transferring in this manner, you can send tokens to your own other wallets (or your friends') at an extremely low cost, as the tokens never leave the Carbon blockchain. **Internal transfers always cost 1 $SWTH (\~$0.004) only!** This following walkthrough demonstrates how to send tokens from a Carbon address to another, using $SWTH as an example. ### **Walkthrough** **Step 1**: Navigate to the [Demex website](https://app.dem.exchange/) and select '[Balance](https://app.dem.exchange/account/balance)' from the menu located on the right-hand side.
**Step 2**: Click 'Withdraw' to beside the token you wish to send.
**Step 3**: Choose 'Internal Transfer' under 'Select Network'.
**Step 4:** Enter the recipient's 'swth1...' address and select the amount you wish to transfer. **Step 5**: Click the "Withdraw" button, and then verify and authorize the transaction that appears on the pop-up window in your wallet. **Step 6:** To track the status of your transaction after withdrawing your tokens, navigate to the "Internal Transfers" tab of your profile.
{% hint style="success" %} Congratulations, you have successfully transferred your tokens! {% endhint %} # Address Management The Address Management page on Demex allows you to conveniently add and manage contacts for easy fund transfers.
To select the desired address for fund withdrawal, simply click on 'Address Book' on the withdraw page. This feature allows you to conveniently choose from your saved addresses, making the process of sending funds more efficient and hassle-free. Save addresses for frequent transactions and streamline your fund transfers with ease. ## No Addresses Added Yet
If you have not added any addresses yet, you will see a prompt encouraging you to add addresses for easy fund transfers. You can view the Address Book and add addresses by clicking on the respective buttons. ## Edit Address
You have the option to edit the details of each address you have added. This includes modifying the contact name, address, and blockchain network associated with the address. This flexibility allows you to keep your address book up to date. ## Default Option for Sending Tokens
By default, the 'Any Token' option is selected, enabling you to send any token available on the chosen network. However, if you prefer to restrict the sending to a specific token, you can uncheck the box and select the desired token from the dropdown list. This allows for more precise control over the tokens you send. # Demex Points ## **What are Demex Points?** Demex Points are the rewards mechanism to track and reward user activity on Demex. \ \ Your points balance will determine your allocation of $DMX tokens in the upcoming airdrop.\ \ \&#xNAN;***Demex Points have been closed as of 30th April, 2025.*** *** ## How to Earn Demex Points: Spins and Loot Boxes * Earn Spins through your activity (e.g., trading, providing liquidity, or borrowing/lending). \ [Learn more about Spins](/demex-rewards/demex-points/spins). * Use the Spins to play the Wheel of Fortune, where you’re guaranteed a Loot Box with every spin. [Learn more about the Wheel of Fortune and the Loot Boxes](/demex-rewards/demex-points/wheel-of-fortune-and-loot-boxes). * To boost your Demex Points balance, you can invite your friends to join your Squad. \ [Learn more about Squads](/demex-rewards/demex-points/squads). Connect your wallet and visit the [Points Hub](https://app.dem.exchange/rewards/demex-points/main/overview) to check your Spins and Demex Points balances, invite your friends to your Squad and check the real time [Demex Points Leaderboard](https://app.dem.exchange/rewards/demex-points/main/leaderboard).
*** ## Seasons The Demex Points system is divided into seasons, each with unique ways to earn points: * Season 1 ran until the 16th December 2024. * Season 2 began in mid-January 2025 and ended on 30th April, 2025. {% hint style="info" %} **Are you an OG?** If you were active on Demex from 1 January 2023 to 20 March 2024, you might be eligible for Retroactive Demex Points! Learn more [here](/demex-rewards/demex-points/retroactive-demex-points). {% endhint %} # Spins ## What are Spins and How Can I Earn Them? The spins are your ticket to unlocking more Demex Points through the Wheel of Fortune. You can always check your Spins balance by visiting the [Points Hub](https://app.dem.exchange/rewards/demex-points/main/overview).\ \ In Season 2, spins can be earned in multiple ways: ### Perpetual Trading
Active Perp TradingOpen Interest
Earn 1 spin instantly for every $12,500 traded on perpetual markets.Receive 1 spin for every $12,500 in open interest maintained per week.
### **Providing Liquidity to Perpetuals LPs** | Perp Pool Deposits | Perpetuals LPs Liquidity Usage | | ------------------------------------------------------------------------------------------- | ------------------------------ | | Receive 1 spin for every $1,000 deposited and held in perpetual pools pro-rata\* each week. | | You can check all the available Perpetual LPs and they real time APYs on [this page](https://app.dem.exchange/pools/perp). ### **Nitron** | Lending | Borrowing | | --------------------------------------------- | ------------------------------------------------ | | Earn 1 spin for every $100,000 lent per week. | Earn 1 spin for every $10,000 borrowed per week. | You can check all the lendable and borrowable assets and their APYs on [Nitron](https://app.dem.exchange/nitron). {% hint style="info" %} Your trading volume, deposits, and Nitron activities are tracked through 5-minute snapshots. This ensures that your spins are continuously updated in real-time, with new data refreshed every 5 minutes. {% endhint %} ## Example Here are some examples: **Example 1: Perp Trading** Bob trades $25,000 worth of perpetuals. Bob will be awarded 2 spins instantly. **Example 2: Perp Pool Deposits** Alice deposits $2,000in the Perp Pool. Assuming her deposit remains unchanged for 1 week, Alice can expect to receive 2 spins at the end of the 1-week period. To calculate the number of spins you can accumulate through Perp Pool deposits, use the following formula: $$ SpinsPerWeek = \frac{Deposited\hspace{0.1cm} USD} {1000} $$ **Example 3: Nitron Lending** Tom lends $200,000 in Nitron. Assuming his lending position remains unchanged for 1 week, Tom can anticipate getting 2 spins at the end of the week. **Example 4: Nitron Borrowing** Rachel borrows $20,000 from Nitron. Assuming her borrowing position remains unchanged for 1 week, Rachel can expect to receive 2 spins at the end of the week. # Wheel of Fortune and Loot Boxes Once you earned your [Spins](/demex-rewards/demex-points/spins), you can use them to try your luck at the [Wheel of Fortune](https://app.dem.exchange/rewards/demex-points/spin): * Each spin guarantees you a [Loot Box](/demex-rewards/demex-points/wheel-of-fortune-and-loot-boxes), each containing a variable number of Demex Points. * There are 5 different types of Loot Boxes: the rarer the box, the more Demex Points. * The higher your [Squads](/demex-rewards/demex-points/squads) rank, the higher the chances to get a better Loot Box.
Loot Box LevelMin. Number of Demex PointsMax. Number of Demex Points
Common100 10,000
Uncommon10,00020,000
Rare20,00030,000
Epic30,00040,000
Legendary40,000100,000
* Feeling lucky? The Legendary loot box is packed with the maximum number of points! Who knows, fortune might just smile upon you 🍀

Spin the Wheel to get a random Loot Box

# Squads Create your own squad or be part of a squad to earn extra Demex Points! ## **Introduction** Squad Tiers are a part of our Demex Points system designed to encourage users to invite others to join the platform. This guide explains how Squad Tiers work, how they are determined, and the benefits they offer. ### **Squad Formation** Squads are formed using the [referral mechanism](https://guide.dem.exchange/earn/referrals). Here's how it works: * **Captain**: Initiator who invites new users with their referral code, his squad is created automatically. * **Members**: Individuals who are invited by Captains, they become part of their squads. * Each member can only be referred once. As a result, a user can belong to two distinct squads: 1. **Your Squad Tier**: Where you are the Captain. 2. **Captain's Squad Tier**: Where you are a Member, referred by another Captain. ### **Squad Points**

Squad Tiers

Squad Points are earned by the top 15 contributors in a squad. These points are crucial for determining Squad Tiers. Requirements: | Tier | Captain Referrals | Squad Points | | ------- | ----------------- | ------------ | | Bronze | 0 | 0 | | Silver | 4 | 1,000,000 | | Gold | 8 | 15,000,000 | | Diamond | 12 | 75,000,000 | {% hint style="warning" %} Falling out of the top 15 referees in a Captain's squad may lead to a tier level drop. {% endhint %} ### **Effective Squad Tier** Your overall tier is determined by the higher tier of the two squads you’re a part of. This means that your Effective Squad Tier is your Captain's Squad Tier if it is higher AND you are among the top 15 referrals. Otherwise, it's determined by your own Squad's Tier. **Example**
If your Captain's Squad Tier is Gold Tier, and your Squad Tier is Bronze, your effective Squad Tier is Gold. When you invite someone else, your squad tier becomes their Captain's squad tier, so their Captain's Squad Tier is Bronze. ## **Squad Benefits** ### **Loot Box Rarity Boost** Squad Tiers provide users a probability boost in obtaining rarer loot boxes. The higher the squad tier, the greater the likelihood of getting epic or legendary loot boxes containing significantly more points. **Example** Let's illustrate the rarity boost with an example: 1. Users in a Silver Squad spinning the wheel have a standard probability distribution across all loot box types (common, uncommon, rare, epic, and legendary). 2. Users in a Gold Squad will have a higher probability of obtaining higher rarity loot boxes compared to Bronze Squads. 3. Diamond Squad users have a significantly higher chance of landing on epic or legendary loot boxes compared to other Tier Squads. ### **Two-Level Referral Points** Captains can earn extra Demex Points from the points earned by their squad members and their referrals: * **15% Additional Points**: Earned from direct squad member points. * **7% Additional Points**: Earned from squad members' referrals' points.

Two-Level Referral Points

#### **Example** Let's illustrate the referral points system with an example: 1. **User A** invites **User B** to their Squad. * User A earns 15% of User B's Demex Points. 2. **User B** invites **User C** to their Squad. * User B earns 15% of User C's Demex Points. * User A earns 7% of User C's Demex Points. 3. **User C** invites **User D** to their Squad. * User C earns 15% of User D's Demex Points. * User B earns 7% of User D's Demex Points. * User A does not earn any percentage of User D's Demex Points. ### **Conclusion** By actively forming squads and inviting others, you not only boost your points but also benefit from additional bonuses from your squad and their referrals. Start building your squads today and reap the rewards of collective success! Happy referring! # Retroactive Demex Points If you were active on Demex from 1 March 2023 to 20 March 2024, you’re considered an OG. As a token of appreciation for your steadfast loyalty and past contributions to Demex, OGs will be granted a complimentary wheel spin. Simply give the wheel a spin to reveal the retroactive Demex Points you've earned through your past activities on Demex! Retroactive Demex Points were allocated based on various actions, including trading, depositing, lending & borrowing, staking, and referring others. Your level of activity determined the amount of retroactive Demex Points you accumulated, with greater activity resulting in higher Demex Points.
Claim your Retroactive Demex Points [here](< https://app.dem.exchange/rewards/demex-points/main/overview>) now! {% hint style="info" %} **New to Demex?** No need to fret - There are still ample opportunities ahead to earn spins and accumulate Demex Points. Hop on here to learn [how](/demex-rewards/demex-points)! {% endhint %} # DMX Token DMX is proposed as the new native governance token of Demex, designed to power the next generation of omnichain trading and DeFi. As part of Demex's planned evolution into a unified and comprehensive cross-chain trading platform, DMX would represent a significant upgrade from the current SWTH token, introducing enhanced utility and a more sustainable tokenomics model. ### Proposed Token Utility Under the proposal, DMX would serve three core functions within the Demex ecosystem: #### 1. Economic Utility * Block rewards through staking and validation * Real yield opportunities from: * Permissionless oracle listing fees * Permissionless perp pool creation fees * Permissionless spot & perp market listing fees * Money market fees * Trading fees * Network fees * Protocol-driven token buybacks * Trading and liquidity provision incentives #### 2. Governance Rights * Voting on protocol parameter adjustments * Governance participation rewards * Treasury management decisions * Platform roadmap influence #### 3. Network Operations * Network security through Proof of Stake (PoS) * Validator incentives * Network gas fees * Rewards for hosting decentralized frontends via IPFS ### Proposed Tokenomics #### Planned Total Supply The proposal suggests a total supply of 8.52 billion DMX tokens, with the following planned allocation: * 25% - Ecosystem Development * 25% - SWTH Token Upgrade * 20% - Strategic Fundraising * 10% - DMX Points Airdrop * 10% - Treasury * 10% - Team #### Proposed Value Accrual Mechanisms 1. **Trading Fee Distribution**: A portion of trading fees would be distributed to DMX stakers 2. **Network Fees**: Gas fees from network operations would contribute to staking rewards 3. **Listing Fees**: Revenue from permissionless perp market listings 4. **Protocol-Driven Buybacks**: Systematic token buybacks to support token value ### Proposed SWTH to DMX Upgrade * Proposed Conversion Ratio: 1 SWTH = 1 DMX * The upgrade process is intended to be automatic for most holders * No geographical restrictions are planned ### Proposed Upgrade Process #### Exchange Holdings * Centralized exchanges would be expected to handle the upgrade automatically * No action would be required from users * DMX would appear in exchange wallets after the upgrade #### Network Holdings * **Carbon Network**: Automatic upgrade to DMX * **Cosmos Ecosystem**: Automatic upgrade to DMX once platforms update their frontend * **Other Chains** (Arbitrum, Ethereum, BSC, etc.): Automatic upgrade once platforms update their frontend #### Staked Tokens * Staked SWTH would automatically convert to staked DMX * Staking rewards would continue uninterrupted * Existing staking positions would be preserved ### Planned DMX Points Integration Under the proposal, DMX Points holders would receive an airdrop based on their accumulated points. The snapshot date and distribution details would be announced through official channels if the proposal passes. ### Future Development Plans The introduction of DMX would enable several key developments for Demex: 1. **Enhanced Market Infrastructure** * Professional market making programs * Deep cross-chain liquidity * Strategic CEX listings 2. **Chain Security Improvements** * Robust validator economics * Future-proof design for upgrades * Enhanced network security features 3. **Ecosystem Expansion** * Multi-chain deployment support * Cross-chain trading capabilities * Integrated DeFi features ## Frequently Asked Questions **Q: Will the upgrade of my SWTH tokens to DMX tokens happen automatically?** Yes, SWTH on Carbon network will automatically become DMX tokens. SWTH on other IBC networks or protocols will automatically become DMX tokens once they update the UI. No user actions are needed, it will be the same balance and denom. **Q: Why now and how does this upgrade benefit SWTH token holders?** This upgrade aligns with our multichain expansion and will help with brand unification for better clarity, improved tokenomics for more sustainability, and strategic fundraising focused on marketing activities, ultimately helping Demex to gain more users and grow. **Q: I have my SWTH on an exchange (MEXC, Gate, etc), or on a non-IBC chain (i.e. Arbitrum, Ethereum, BSC), do I need to do anything?** Yes, if your SWTH is on a non-IBC chain, you will have to deposit them into Demex so that they can become DMX. **Q: My SWTH is in rSWTH. Do I need to do anything?** You can continue holding rSWTH. StafiHub will handle the upgrade to rDMX on their end. Any new tokens minted after unstaking will be DMX instead of SWTH after the upgrade date. **Q: What will happen to Carbon network once we upgrade the token?** The underlying network and assets remain unchanged. Carbon network will continue to operate but will be upgraded as Demex Chain in all user interfaces and communication to reflect a cohesive brand experience. **Q: When does the upgrade take place?** The upgrade is expected to occur before Q3 2025. Specific dates will be announced closer to launch. **Q: What happens to my staked SWTH tokens?** Your staked tokens will automatically become staked DMX. No action is required - this is handled at the protocol level. **Q: Will the total value of my holdings change?** No. When SWTH becomes DMX, the value remains the same. While the total supply is increasing through new allocations, we've designed the tokenomics to enhance long-term value through improved utility, professional market making, and sustainable growth mechanisms. **Q: What about Demex Points?** Demex point holders will receive DMX from the airdrop allocation based on the points they have. Points earned until the snapshot date will be eligible for the airdrop. Airdrop allocation ratio will be announced closer to launch. **Q: Will the upgrade affect my trading activities?** No, all trading activities will continue uninterrupted during the upgrade process. **Q: Will DMX be listed on major exchanges?** We are working with professional market makers and exchanges to ensure strong liquidity and trading support for DMX. Specific listing details will be announced in due course. **Q: Are there any geographical restrictions?** No. Since this is an automatic upgrade rather than a token swap or airdrop, there are no geographical restrictions. **Q: Why am I seeing Twitter posts promoting this upgrade?** We will exclusively inform the community via our [official X account](https://x.com/demexchange) and the [official Telegram](https://t.me/demex_community). Information and news via other accounts, links, posts or DMs are fake and are trying to scam you. **Q: Where can I get more information?** * Join our [Telegram](https://t.me/demex_community) for regular updates or ask specific questions * Follow our [Twitter](https://x.com/demexchange) for announcements ### Official Resources * [Official Website](https://dem.exchange) * [Twitter](https://twitter.com/demexchange) * [Telegram Community](https://t.me/SwitcheoNetwork) > ⚠️ **Important Notice**: This documentation outlines a proposal that has not yet been implemented or approved. All details are subject to change. Official announcements about the proposal's status and final details will only come through Demex's verified channels. Never share your private keys or seed phrases. # FAQs ## **Demex Points** 1. **How often are the Demex Points updated?**\ A snapshot is taken every 5 minutes of your perp trading volume and perp pool deposits. Hence the most updated version of your Demex Points will be reflected on your Points balance every 5 minutes. 2. **When does the Demex Points S2 end?** It will end in Q1 2025. Please refer to our official channels on Twitter, Telegram, or Discord for any program updates. ## **Retroactive Demex Points** 1. **What’s the difference between retroactive Demex Points and Demex Points?** Retroactive Demex Points are to reward users who have been active on Demex in the past get as a starting Demex Points balance. Existing and new users will be able to increase their Demex Points balance by trading any perpetual market and providing liquidity to the perpetual Liquidity Pools. 2. **How are retroactive Demex Points calculated?** For users with previous activity on Demex, retroactive Demex Points are awarded based on past actions such as trading, providing liquidity, lending, borrowing, holding SWTH/rSWTH, staking SWTH, and referrals. 3. **When was the retroactive Demex Points snapshot taken?** The snapshot was taken on 20th of March 2024 and takes into account the activity on Demex starting on 1st of January 2023. 4. **Do retroactive Spins have an expiry date?**\ Retroactive Spins do not have an expiry and are valid during the duration of the Points Program. However you are recommended to utilizse your spins as you earn them. Any unused Spins maybe deemed void if not utilized following the end of the Points Program. ## How to earn more Demex Points Demex Points are earned from spinning the Wheel of Fortune to open up loot boxes. Spins can be earned through perpetual trading, providing liquidity to perpetual pools, and Nitron lending/borrowing activities. 1. **When are Spins awarded?** Spins can be earned through four methods: * **Active Perp Trading:** When you trade $12,500 worth on perpetual markets, spins are awarded instantly * **Open Interest:** When you maintain $12,500 in open interest positions, spins are awarded weekly * **Perp Pool Deposits:** When you deposit $1,000 in perpetual pools, spins are awarded weekly based on your holdings * **Nitron Activities:** * Lending: When you lend $100,000, spins are awarded weekly * Borrowing: When you borrow $10,000, spins are awarded weekly * Withdrawals or repayments will affect your spin accumulation in a pro-rated basis 2. **How do I earn Loot Boxes?** Loot Boxes can be obtained by spinning the Wheel of Fortune and will assign Demex Points. Loot Boxes will assign a randomised number of Demex Points. 3. **Do spins have an expiry date?** Spins do not have an expiration date. However, it is recommended to utilize your spins as you earn them, as continued activity allows you to earn even more spins, Loot Boxes, and ultimately, Demex Points. Any unused Spins may be deemed void if not utilized following the end of Season 2. 4. **Can new users earn Demex Points moving forward?** New users on Demex can start earning Demex Points immediately by earning Spins through trading, providing liquidity, or using Nitron's lending and borrowing features. 5. **How is trading volume counted?** Only trades on perpetual markets are counted for you to earn spins. Open positions are counted while open orders that have not been executed are not counted. Every $12,500 in trading volume earns you one spin. # Demex Endgame: 50,000,000 Demex Points From 7 - 30 April 2025, compete in Demex Endgame and climb the leaderboard to win your share of 50,000,000 Demex Points!
Trade on Demex, climb the **volume-based leaderboard**, and compete for **50,000,000 Demex Points!** This is the **last push** to boost your points and lock in your **$DMX airdrop allocation**. ### **How to Participate** **1. Register your account** * Join the Demex Endgame and compete for a share of 50,000,000 Demex Points. * Trade on **Demex perpetual markets** to earn points and rank on the volume-based leaderboard. **2. Consistency is Key** * Frequent trading boosts your score, stay active to maintain your rank! * Earn 1 Endgame Score for every 1 USD of trading volume (including leverage) when you trade in any perp market. * Each day you trade is considered an "Active Day." The more active days you have, the higher your Endgame Score multiplier. Refer to the table below. * Your Endgame Score will determine your position on the leaderboard. View the Demex Points prize distribution [here](https://app.dem.exchange/rewards/demex-points/main/leaderboard).
Active DaysMultiplier
1 to 21
2 to 51.5
5 to 102.5
More than 103
**3. Climb the Leaderboard** * Trade daily to accumulate Endgame Scores, boost your multiplier, and win from the 50,000,000 Demex Points prize pool! ***Pro-tip:*** Leverage can help you reach higher trading volumes more easily. Use 10x leverage to open a $100 position. ### Rewards * A total of **50,000,000 Demex Points** will be distributed among the top 100 traders, with the **top trader** claiming **10,000,000 points**, and the remaining **40,000,000 points** allocated proportionally based on their respective leaderboard position.
PositionDemex Points% of Total Prize Pool
110,000,00020%
25,000,00010%
32,500,0005%
42,000,0004%
51,625,0003.25%
61,375,0002.75%
71,150,0002.30%
81,000,0002%
9875,0001.75%
10750,0001.5%
11-20375,0000.75%
21-31350,0000.70%
31-40300,0000.60%
41-50275,0000.55%
51-60250,0000.50%
61-70225,0000.45%
71-80210,0000.42%
81-90200,0000.40%
91-100190,0000.38%
### Terms and Conditions * Demex reserves the right to the final interpretation of this event, including the ability to disqualify fraudulent users and amend event rules if necessary. * Any wallets found washtrading will be disqualified from the campaign and ineligible from receiving rewards. * Event runs from 7 - 30 April, 2025 * Users from [restricted regions](https://guide.dem.exchange/technical/terms-and-conditions#id-2.-restricted-locations) are ineligible * Points will be distributed in USD within 90 days of event's end * Terms may be modified to ensure fair participation # Demex Credits Welcome to Demex Credits, where you earn your trading fees in rewards! ## What are **Demex Credits?**
The Demex Credits program is a rewards system designed for traders. Participants can earn a minimum of **10% rebate** in SWTH tokens from the fees they pay while trading on the Demex. These rewards are distributed every 28 days, known as an epoch or a season. One Demex Credit is $1 in fees contributed to the protocol. Fees contributed to the protocol is calculated by [Trading fees](https://guide.dem.exchange/trade/fees/trading-fees) paid, minus [referral commissions](https://guide.dem.exchange/earn/referrals), and minus rebates. Start trading perpetuals to take part today, and check your ranking on the Leaderboard [here](https://app.dem.exchange/rewards/carbon-credits). ### Duration * Each trading epoch spans 28 days. * The first epoch began on February 13, 2024, at 8 AM GMT. * Currently, there is no set end date for this program. ### Eligibility and Rewards Calculation * This program applies only to trades made in the Demex Perpetual markets. * At each epoch's start, 400,000 SWTH tokens seed the rewards pool. * The rewards pool will increase to cover 25% of the total trading fees generated on the Demex chain during that epoch, capped to a maximum of 1,600,000 SWTH. * The SWTH's value is based on its rolling 28-day time-weighted average price, calculated from the last trade price in the SWTH/USD pair. * A trader's share of the rewards is proportional to the amount of trading fees they contributed to the Demex chain. * Traders can monitor their credits and standings on the [Demex Credits leaderboard](https://app.dem.exchange/rewards/carbon-credits). ### Distribution of Rewards * Rewards are transferred to an EVM smart contract one day after each epoch ends. * Traders can claim their rewards using their EVM wallet (e.g., Metamask). * Unclaimed rewards roll over and can be claimed in subsequent epochs. # User Pools Trade with More Collateral, Earn Shared Profits through User Pools. ## What are User Created Pools? User Created Pools are perp pools created by users. Pool creators can trade perps on behalf of the pool’s depositing users. Explore User Pools Now → ### Creating a pool To create your own pool, 1. Click on Create Perp Pool on the Perp Pools page
2. Choose a Pool name and a Pool description 3. Deposit a minimum of 100 USD. Pool Creators must always maintain at least 5% of the pool’s value. Withdrawals are not allowed if they would reduce your share below 5%. 4. You have the option to set deposit and withdrawal fees, with the default fee being 0%. The maximum allowed fee for both deposits and withdrawals is 1%. ### Managing your pool To trade on behalf of your pool, switch from your personal account to your Pool account using the navigation bar. All trades made while in your Pool account will be executed on behalf of your created pool.
Pool Creators can whitelist up to 5 users as Pool Controllers, allowing them to trade on behalf of the pool. Pool Controllers can be removed at any time. Pool Creators are responsible for manually approving withdrawal requests to release depositors’ funds from the pool. Before closing the pool, Pool Creators must ensure all open positions are closed. Once the pool is closed, all depositors will automatically receive their share of the pool, along with their net PnL. ### For Pool Depositors Pool Depositors are users who contribute funds to a user-created pool. As a Pool Depositor, you can access key information about the pool, including performance, volume, open positions, and trade history. You can also see how many users have deposited into the vault and how long they’ve been supporting it. ### Depositing into a Pool When you deposit funds, you will receive DPLT tokens, which represent your stake in the pool. Your deposited funds will be transferred to the Pool Creator’s Pool Account and will count as part of the Pool Creator’s margin. ### Withdrawing from a Pool Depositors can only request to withdraw their funds 24 hours after making a deposit, to reduce pool volatility. All withdrawals must be manually approved by the Pool Creator. Automatic withdrawals will be available soon. ### Terminology * **User Pool:** Perpetual trading pool managed by a trader (Pool Leader) using pooled user funds to generate profits shared between the Pool Leader and Depositors. * **Pool Leader:** Trader who manages the trading strategy of a User Pool, receiving 10% of generated profits. * **Depositor:** User who deposits funds into User Pools to passively benefit from the trading strategies of Pool Leaders, without actively managing trades. * **DPLT Token**: Token representing a Depositor’s share and stake within a specific User Pool. * **Pool Controllers**: Additional user whitelisted by the Pool Leader, authorized to execute trades within the User Pool. * **Withdrawal Approval**: Process requiring Pool Leaders to manually approve Depositor withdrawals to ensure responsible fund management. * **Profit Sharing**: Distribution mechanism where Pool Leaders receive 10% of pool profits and Depositors receive the remaining 90%. * **Deposit and Withdrawal Fees**: Optional fees set by Pool Leaders (up to a combined maximum of 10%) for funds entering or exiting a User Pool. ### FAQ **What is a User Pool and who can create one?**\ A User Pool is a trader-managed perpetual trading pool where Pool Leaders trade using capital from Depositors. Any trader can create a Pool by depositing a minimum of $100. **How do Pool Leaders earn from a User Pool?**\ Pool Leaders earn 10% of the profits their Pool generates—but only after the Pool's total value rises above the initial deposits. They earn nothing if the Pool’s overall PnL is negative. **How do I choose which Pool to deposit into?**\ You can explore Pools based on detailed stats like performance history, returns, and risk metrics. This transparency helps you find a Pool that fits your investment goals and risk tolerance. **Can I withdraw my funds anytime as a Depositor?**\ Yes, but all withdrawals require manual approval by the Pool Leader. This ensures secure and responsible fund management while still allowing exit flexibility. **What are DPLT tokens and how do they work?**\ When you deposit into a Pool, you receive DPLT tokens that represent your share of the Pool. These tokens track your portion of the funds and are used to calculate your profit share. *** # Past Events Hooray! This section track the winners of previous promotions that have ended. To find promotion payouts, go to the "Internal Transfers" tab of your Profile page.
# 2022 # Futures Trading Competition {% content-ref url="/pages/zjXN4IkRdt6HcJQFpuTe" %} [Maker vs Taker #1](/demex-rewards/past-events/2022/futures-trading-competition/maker-vs-taker-1) {% endcontent-ref %} {% content-ref url="/pages/lKpq8V6dgMJtwPj6MxnB" %} [Maker vs Taker #2](/demex-rewards/past-events/2022/futures-trading-competition/maker-vs-taker-2) {% endcontent-ref %} # Maker vs Taker #1 24 May 2022 - 24 June 2022 ### **Official Announcement** {% embed url="" %} ### Winners
RankPrize (in USDC)ETH-USDBTC-USD
#1$4500swth1tlkey2e9uly5etrqcvnyhnh9es36xq0hw4jecjswth10epd04yycdjxxw0aj5sy4lk6gw8c2dk0aa9qkq
#2$2500swth15ceph9j738ysz3jfec98ddu3y7lpxj6se7cwzjswth19rklx5v8sejkrs0an605ljee4hyn8m0qst4j7a
#3$1200swth15ceph9j738ysz3jfec98ddu3y7lpxj6se7cwzjswth1zhd4x0r2c5tcfhgwnqh9amrtz62anq4j6d9szd
#4$750swth1x6754sqags43qhm0vw4kecka2t7f0q3k9tksjnswth1m537vkw8y97fxpht4k4wwlpsu2mq27n2a07xfc
#5$550swth142eyxajn80y092g0f3r79q3uh6fvulga65tdymswth1x6754sqags43qhm0vw4kecka2t7f0q3k9tksjn
#6$100swth1hhswdvhmz02pmytc4xfpx2qqp5j9039whrmfwhswth142eyxajn80y092g0f3r79q3uh6fvulga65tdym
#7$100swth1x6754sqags43qhm0vw4kecka2t7f0q3k9tksjnswth1dkrtqm9kncz24c0aezll9pyqgj40dazn5wd998
#8$100swth1fupmh6rcev4g6fn39avnfqhajrj3g5qplv5q73swth1hhswdvhmz02pmytc4xfpx2qqp5j9039whrmfwh
#9$100swth1hhswdvhmz02pmytc4xfpx2qqp5j9039whrmfwhswth1lgqv0r8vm8dqgygwla6qvr80p857rdpglcxj0n
#10$100swth10v9q79gxdhvl9w86wmlmh337z8r8ahqrrqrq6mswth12uxz5eayngcls6lx55j9g28npen6z5fr7rkjww
### **Competition Details** * Duration: 24 May 2022 - 24 June 2022, 8:00am UTC. * Markets: [ETHUSD](https://app.dem.exchange/trade/ETHUSDC_M2022) and [BTCUSD](https://app.dem.exchange/trade/WBTCUSDC_M2022) futures with 24 June 2022 contract expiry. * Ranking: Based on highest trading volume on each of the ETHUSD & BTCUSD markets (10 winners each). * Only orders created after the competition start date & time will be counted. ### **Maker Incentives** To ensure liquid orderbooks for tight spreads and low slippage, an additional incentive will be implemented for market makers who provide liquidity on Demex, even if their trade order does not get fulfilled. **How it works** Market makers who meet the specific criteria will have a **percentage of their liquidity provided** on the orderbook **translated into trading volume** that can be counted for the trading competition.
**Criteria 1** * Market makers must add to both sides of the orderbook (buy & sell) with each side having a size of at least 0.1x the opposite side. * For example, if User A has a $10 buy order, they must also place a $1 sell order to qualify for the incentive. **Criteria 2** * Every $1 provided by a market maker that stays on the orderbook **within a certain spread ratio** will be translated to trading volume, for every full minute. * The translated trading volume is calculated based on:\ \ \- The duration that the maker order stays on the order book, rounded down to the nearest completed minute. When an order is partially filled, the remaining quantity continues to be counted (as if it is a new order), from the next minute.\ \ \- The spread distance multiplier (see below)\ \ \- The order side multiplier (see below)
**Spread distance multiplier (from mid price)** The multiplier applied to the market maker’s liquidity value is determined by how close the order is to the mid-price (difference in best price of seller and buyer). For example, if User A provides $100 of liquidity and it stays within 0.35% of the mid-price (Category D) for 1 minute, a 0.08% multiplier will be added to the liquidity value provided. * A: 0.0% - 0.1%: 0.20% ratio * B: 0.1% - 0.2%: 0.15% * C: 0.2% - 0.3%: 0.10% * D: 0.3% - 0.4%: 0.08% * E: 0.4% - 0.5%: 0.06% * F: 0.5% - 0.7%: 0.05% **Order side multiplier** A order side multiplier is applied to the order based on the side of the order. * Sell orders: 1.8x * Buy orders: 1.0x **Example 1** * User A provides $100 to the buy and $10 to the sell side for 5min 30s. At that point, the sell order is fully filled, and he cancels the buy order immediately (at the same time).\ \ \- Spread distance of 0.45% = 0.06% (Category E)\ \ \- Order side multiplier = 1.8x (Sell order)\ \ \- Duration = 5 minutes (rounded down to the nearest completed minute) Translated volume = ($100 \* 1.0 + $10 \* 1.8) \* 0.06% \* 5min = $0.354
**Example 2 - Multiple orders on the buy & sell sides** If a user places multiple orders on the buy & sell sides, the steps to calculating translated volume are as follows: * Determine order side with a lower summed notional value (qty \* price) * Multiply the lower notional value by 10 to determine the maximum value of the opposite side that can qualify for maker incentive (Criteria 1) * Next, the side with the lower summed notional value will be used as the **basis of comparison** to determine the translated volume for each order on the opposite side. * In the following example, the sell side has a lower notional value of $8,572.80. Thus, the sell side orders will be used to calculate the eligible values on the opposite (buy) side for the maker incentives. | BUY | | | SELL | | | | --------------------- | -------- | --------------------------- | ------ | -------- | --------------------------- | | Price | Quantity | Notional Value (Price\*Qty) | Price | Quantity | Notional Value (Price\*Qty) | | $3,060 | 2 | $6,120 | $3,061 | 0.8 | $2,448.80 | | $3,059 | 5 | $15,295 | $3,062 | 2 | $6,124 | | $3,056 | 1 | $3,056 | | | $8,572.80 | | Sum of notional value | | $24,471 | | | | **How the opposite (buy) side orders are translated to trading volume:** * Taking the first sell order (0.8 qty @ $3,061), the maximum value on the buy side that qualifies for maker incentives is $2,448.80 \* 10 = $24,448, based on **Criteria 1** * Sum of notional value on buy side = $24,471 (less than $24,448), therefore all 3 buy orders qualify for the maker incentive * Assuming maker order stays on order book for 1 min before getting filled\ \- Spread distance multiplier\ \- Order side multiplier (1.0x) Translated volume for buy side = \[($6,120 \* 0.2%) + ($14,295 \* 0.2%) + ($3,056 \* 0.15%] \* 1.0 \* 1min = $47.414 ### **Terms & Conditions** * Prizes will be distributed to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from the end of the competition. * Users are only eligible to participate with a single account. * Kindly note that you are ineligible to participate in this campaign if you are located in these [regions.](https://guide.dem.exchange/technical/terms-and-conditions#restricted-territory) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # Maker vs Taker #2 1 July 2022 - 30 September 2022 ### Official Announcement {% embed url="" %} ### Competition Details * Duration: 1 July 2022 - 30 September 2022, 8:00am UTC * Markets: [ETHUSD](https://app.dem.exchange/trade/ETHUSDC_M2022) and [BTCUSD](https://app.dem.exchange/trade/WBTCUSDC_M2022) futures with 30 September 2022 contract expiry * Ranking: Based on highest trading volume on each of the ETHUSD & BTCUSD markets (10 winners each) * Only orders created after the competition start date & time will be counted ### Winners
RankPrize (in USDC)ETH-USDBTC-USD
#1$4500swth1tlkey2e9uly5etrqcvnyhnh9es36xq0hw4jecjswth10epd04yycdjxxw0aj5sy4lk6gw8c2dk0aa9qkq
#2$2500swth15ceph9j738ysz3jfec98ddu3y7lpxj6se7cwzjswth142eyxajn80y092g0f3r79q3uh6fvulga65tdym
#3$1200swth1dkrtqm9kncz24c0aezll9pyqgj40dazn5wd998swth1zhd4x0r2c5tcfhgwnqh9amrtz62anq4j6d9szd
#4$750swth19rklx5v8sejkrs0an605ljee4hyn8m0qst4j7aswth1dkrtqm9kncz24c0aezll9pyqgj40dazn5wd998
#5$550swth142eyxajn80y092g0f3r79q3uh6fvulga65tdymswth1x6754sqags43qhm0vw4kecka2t7f0q3k9tksjn
#6$100 swth1x6754sqags43qhm0vw4kecka2t7f0q3k9tksjnswth19rklx5v8sejkrs0an605ljee4hyn8m0qst4j7a
#7$100swth12uxz5eayngcls6lx55j9g28npen6z5fr7rkjwwswth1fupmh6rcev4g6fn39avnfqhajrj3g5qplv5q73
#8$100swth1fupmh6rcev4g6fn39avnfqhajrj3g5qplv5q73swth1m537vkw8y97fxpht4k4wwlpsu2mq27n2a07xfc
#9$100swth1hhswdvhmz02pmytc4xfpx2qqp5j9039whrmfwhswth12uxz5eayngcls6lx55j9g28npen6z5fr7rkjww
#10$100swth10v9q79gxdhvl9w86wmlmh337z8r8ahqrrqrq6mswth1hhswdvhmz02pmytc4xfpx2qqp5j9039whrmfwh
### Maker Incentives To ensure liquid orderbooks for tight spreads and low slippage, an additional incentive will be implemented for market makers who provide liquidity on Demex, even if their trade order does not get fulfilled. #### **How it works** Market makers who meet the specific criteria will have a **percentage of their liquidity provided** on the orderbook **translated into trading volume** that can be counted for the trading competition. #### **Criteria 1** * Market makers must add to both sides of the orderbook (buy & sell) with each side having a size of at least 0.1x the opposite side. * For example, if User A has a $10 buy order, they must also place a $1 sell order to qualify for the incentive. #### **Criteria 2** * Every $1 provided by a market maker that stays on the orderbook **within a certain spread ratio** will be translated to trading volume, for every full minute. * The translated trading volume is calculated based on: * The duration that the maker order stays on the order book, rounded down to the nearest completed minute. When an order is partially filled, the remaining quantity continues to be counted (as if it is a new order), from the next minute. * The spread distance multiplier (see below) * The order side multiplier (see below) #### **Spread distance multiplier (from mid price)** The multiplier applied to the market maker’s liquidity value is determined by how close the order is to the mid-price (difference in best price of seller and buyer). For example, if User A provides $100 of liquidity and it stays within 0.35% of the mid-price (Category B) for 1 minute, a 0.30% multiplier will be added to the liquidity value provided. * A: 0.0% - 0.2%: 0.40% ratio * B: 0.2% - 0.4%: 0.30% * C: 0.4% - 0.6%: 0.20% * D: 0.6% - 0.8%: 0.15% * E: 0.8% - 1.2%: 0.10% * F: 1.2% - 1.5%: 0.075% #### **Order side multiplier** A order side multiplier is applied to the order based on the side of the order. * Sell orders: 1.8x * Buy orders: 1.0x #### **Example 1** * User A provides $100 to the buy and $10 to the sell side for 5min 30s. At that point, the sell order is fully filled, and he cancels the buy order immediately (at the same time). * Spread distance of 0.45% = 0.20% (Category C) * Order side multiplier = 1.8x (Sell order) * Duration = 5 minutes (rounded down to the nearest completed minute) Translated volume = ($100 \* 1.0 + $10 \* 1.8) \* 0.20% \* 5min = $1.18 #### **Example 2** For the case of multiple orders on the buy & sell sides If a user places multiple orders on the buy & sell sides, the steps to calculating translated volume are as follows: * Determine order side with a lower summed notional value (qty \* price) * Multiply the lower notional value by 10 to determine the maximum value of the opposite side that can qualify for maker incentive (Criteria 1) * Next, the side with the lower summed notional value will be used as the **basis of comparison** to determine the translated volume for each order on the opposite side. * In the following example, the sell side has a lower notional value of $8,572.80. Thus, the sell side orders will be used to calculate the eligible values on the opposite (buy) side for the maker incentives.
BUYSELL
PriceQtyNotional Value (Price*Qty)PriceQtyNotional Value (Price*Qty)
$3,0602$6,120$3,0610.8$2,448.80
$3,0595$15,295$3,0622$6,124
$3,0561$3,056
Sum of notional value$24,471$8,572.80
**How the opposite (buy) side orders are translated to trading volume:** * Taking the first sell order (0.8 qty @ $3,061), the maximum value on the buy side that qualifies for maker incentives is $2,448.80 \* 10 = $24,448, based on **Criteria 1** * Sum of notional value on buy side = $24,471 (less than $24,448), therefore all 3 buy orders qualify for the maker incentive * Assuming maker order stays on order book for 1 min before getting filled * Spread distance multiplier * Order side multiplier (1.0x) Translated volume for buy side = \[($6,120 \* 0.2%) + ($14,295 \* 0.2%) + ($3,056 \* 0.15%] \* 1.0 \* 1min = $47.414 ### **Terms & Conditions** * Prizes will be distributed to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from the end of the competition. * Users are only eligible to participate with a single account. * Kindly note that you are ineligible to participate in this campaign if you are located in these [regions.](https://guide.dem.exchange/technical/terms-and-conditions#restricted-territory) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # Perpetuals Trading Competition {% content-ref url="/pages/pBRE7EWJEyKkJWN5sLcm" %} [Top Gainers and Top Traders #1](/demex-rewards/past-events/2022/perpetuals-trading-competition/top-gainers-and-top-traders-1) {% endcontent-ref %} {% content-ref url="/pages/n5rPJzW5exCo6vRlv4j6" %} [Top Gainers and Top Traders #2](/demex-rewards/past-events/2022/perpetuals-trading-competition/top-gainers-and-top-traders-2) {% endcontent-ref %} {% content-ref url="/pages/L2rYfGpfPtPHhHHGgNos" %} [Top Gainers #3](/demex-rewards/past-events/2022/perpetuals-trading-competition/top-gainers-3) {% endcontent-ref %} # Top Gainers and Top Traders #1 10 October 2022 - 31 October 2022 ### **Official Announcement** {% embed url="" %} ## **Top Gainers** ### **Competition Details** * To win: Trade BTC or ETH perpetuals and compete for the highest profit % ranking. * Ranking: Based on profit and loss ranking in %. (10 winners) * To be eligible: Participants must have a minimum available balance of 500USDC at the start time of the competition. Ensure you deposit 500USDC prior to the start time, to ensure your participation. * To note: We **highly encourage a separate account for participation.** This is to ensure all transactions involving USDC do not affect your initial equity calculation. ### Prizes
RankPrize (in USDC)
#1$800
#2$500
#3$300
#4$160
#5$90
#6$30
#7$30
#8$30
#9$30
#10$30
### Rules 1. The profit and loss will be calculated and ranked in %. 2. In order to be eligible for participation, you must have at least 500 USDC as available balance at the start time of the competition, used as an initial equity for calculations. 3. In the event that your initial equity is <500 USDC, you may not be eligible to participate, hence please ensure you have the minimum amount. 4. `Equity = Balance + Unrealized Profit and Loss` 5. `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` 6. Any spot trading, withdrawal of liquidity, deposits or transfers of USDC will affect your initial equity, hence we encourage a separate account for participation in this competition. \ \ Example for calculating initial equity:\ \- User deposits 500 USDC -> Initial Equity = 500 USDC\ \- User withdraws liquidity of 300 USDC -> Initial Equity = 800 USDC (500+300)\ \- User receives internal transfer of 200 USDC -> Initial Equity = 1000 USDC (800+200)\ \- User withdraws 250 USDC -> Initial Equity = 1000 USDC (Negative outflow does not affect the initial equity)\ \ Hence, all positive inflow of USDC will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the competition i.e. 10th October 2022, 08:00 AM UTC. ## Top Traders ### Competition Details * To win: Trade BTC or ETH perpetuals and compete for the highest trading volume ranking. * Ranking: Based on volume ranking in USDC. (5 winners) * To be eligible: There is no minimum available balance for this competition. Simply connect your wallet to participate. ### Prizes | Rank | Prize (in USDC) | | ---- | --------------- | | #1 | $1000 | | #2 | $500 | | #3 | $300 | | #4 | $150 | | #5 | $50 | ### Rules 1. The trading volume will be calculated and ranked in USDC. 2. `Trading Volume = Principal * Leverage` . \ For example, open and close a position with 100 USDC principal and 50x leverage can reach a trading volume of 5,000 USDC. ### **Terms & Conditions** * Prizes will be distributed to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from the end of the competition. * Users are only eligible to participate with a single account. * Kindly note that you are ineligible to participate in this campaign if you are located in these [regions.](https://guide.dem.exchange/technical/terms-and-conditions#restricted-territory) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # Top Gainers and Top Traders #2 1 November 2022 - 30 November 2022 ### Official Announcement {% embed url="" %} ## Top Gainers ### Competition Details * To win: Trade BTC or ETH perpetuals and compete for the highest profit % ranking. * Ranking: Based on profit and loss ranking in %. (10 winners) * To be eligible: You are eligible to participate at any point of time as long as you have an **initial equity of 500 USDC**. Hence **deposit 500 USDC** or ensure you have a minimum available balance of 500USDC. * To note: We **highly encourage a separate account for participation.** This is to ensure all transactions involving USDC do not affect your initial equity calculation. ### **Prizes** | Rank | Prizes (in USDC) | | ---- | ---------------- | | #1 | $800 | | #2 | $500 | | #3 | $300 | | #4 | $160 | | #5 | $90 | | #6 | $30 | | #7 | $30 | | #8 | $30 | | #9 | $30 | | #10 | $30 | ### Rules 1. The profit and loss will be calculated and ranked in %. 2. In order to be eligible for participation, you must have at least 500 USDC as available balance at any point of time, used as an initial equity for calculations. 3. In the event that your initial equity is <500 USDC, you may not be eligible to participate, hence please ensure you have the minimum amount. 4. `Equity = Balance + Unrealized Profit and Loss` 5. `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` * Note: Trading fees and funding fees are NOT included in the Individual PnL calculations 6. Any spot trading, withdrawal of liquidity, deposits or transfers of USDC will affect your initial equity, hence we encourage a separate account for participation in this competition. \ \ Example for calculating initial equity: * User deposits 500 USDC -> Initial Equity = 500 USDC * User withdraws liquidity of 300 USDC -> Initial Equity = 800 USDC (500+300) * User receives internal transfer of 200 USDC -> Initial Equity = 1000 USDC (800+200) * User withdraws 250 USDC -> Initial Equity = 1000 USDC (Negative outflow does not affect the initial equity) Hence, all positive inflow of USDC will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the competition i.e. 1 December 2022, 08:00 AM UTC. ## Top Traders ### Competition Details * To win: Trade BTC or ETH perpetuals and compete for the highest trading volume ranking. * Ranking: Based on volume ranking in USDC. (5 winners) * To be eligible: There is no minimum available balance for this competition. Simply connect your wallet to participate. ### Prizes
RankPrize (in USDC)
#1$1000
#2$500
#3$300
#4$150
#5$50
### Rules 1. The trading volume will be calculated and ranked in USDC. 2. `Trading Volume = Principal * Leverage` . \ For example, open and close a position with 100 USDC principal and 50x leverage can reach a trading volume of 5,000 USDC. ### Terms & Conditions * Prizes will be distributed to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from the end of the competition. * Users are only eligible to participate with a single account. * Kindly note that you are ineligible to participate in this campaign if you are located in these [regions.](https://guide.dem.exchange/technical/terms-and-conditions#restricted-territory) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # Top Gainers #3 1 December 2022 - 31 December 2022
### Competition Details * To win: Trade BTC or ETH perpetuals and compete for the highest profit % ranking. * Ranking is based on profit an loss ranking in % (10 winners) * To be eligible: You are eligible to participate at any point of time as long as you have an **initial equity of 500 USDC**. Hence, **deposit 500 USDC** or ensure that you have a **minimum available balance of 500 USDC.** * Register by posting us on Twitter with [**your custom hashtag** ](#how-to-register-twitter) {% hint style="success" %} **We highly encourage a separate account for participation.** This is to ensure all transactions involving USDC do not affect your initial equity calculation {% endhint %} ### Prizes
RankingPrizes (in USDC)
11200
2750
3450
4240
5135
645
745
845
945
1045
### Rules * The profit and loss will be calculated and ranked via %. * To be eligible for participation, you must: * Have at least 500 USDC as available balance at any point of time, which is used as initial equity for calculations (In the event that your initial equity is <500 USDC, you may not be eligible to participate, hence please ensure that you have the minimum amount.) * **If you are registering before the competition starts, please make sure that you have >500 USDC on 1 December 2022, 08:00AM UTC.** * To register, you will need to post on Twitter with your custom hashtag from us! [**Here's how to find your custom hashtag**](#how-to-register-twitter) * `Equity = Balance + Unrealized Profit and Loss` * `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` * Note: Trading fees and funding fees are NOT included in the Individual PnL calculations * Any spot trading, withdrawal of liquidity, deposits or transfers of USDC resulting in an increase in your USDC available balance will affect your initial equity. We therefore encourage a separate account for participation in this competition. \ \ Example for calculating initial equity: * User deposits 500 USDC -> Initial Equity = 500 USDC * User removes liquidity of 300 USDC from a liquidity pool -> Initial Equity = 800 USDC (500+300) * User receives internal transfer of 200 USDC -> Initial Equity = 1000 USDC (800+200) * User withdraws 250 USDC -> Initial Equity = 1000 USDC (Negative outflow does not affect the initial equity) Hence, all positive inflow of USDC will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the trade. ### How to register (Twitter) {% hint style="warning" %} 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. {% endhint %} **Step 1:** Go to [https://app.dem.exchange/competition](https://app.dem.exchange/competition/registration)[/registration](https://app.dem.exchange/competition/registration) **Step 2:** A pop-up window will appear on your screen as shown below. Add the wallet address that you’re entering the competition with.
**Step 3:** Ensure that you have 500 USDC in your wallet on **1 December 2022**. If not, deposit more.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button.
**Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! When verified, you will see this popup:
### Terms & Conditions * Prizes will be distributed to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from the end of the competition. * Users are only eligible to participate with a single account. * Kindly note that you are ineligible to participate in this campaign if you are located in these [regions.](https://guide.dem.exchange/technical/terms-and-conditions#restricted-territory) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # 2023 # Demex Trading Leagues # Demex Trading League 25 April 2023 - 9 May 2023, 9:00AM UTC It's time for the Demex Trading League - and this time this competition applies to both spot and perpetuals markets! The rules are simple: Trade every day on any spot and perpetuals markets, earn points from each trade, and climb up the leaderboard! ## Prizes The prize pool will start at $750 for <50 participants, and will increase 2x for every additional 50 participants in the competition. Prize distribution will be across the top 10 on the leaderboard. To view your rankings,[ click here.](https://app.dem.exchange/competition) \#1 - 20% of prize pool \#2 - 8% of prize pool \#3 - 15% of prize pool \#4 - 12% of prize pool \#5 - 10% of prize pool \#6 - 7% of prize pool \#7 - 6% of prize pool \#8 - 5% of prize pool \#9 - 4% of prize pool \#10 - 3% of prize pool ## How to Win ### Step 1: Register Visit the [Demex Trading League registration page](https://app.dem.exchange/competition/registration) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile.
For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Trade
### Step 3: Check Your Standing
## Market Eligibility **Existing markets** Trading on all existing spot and perpetuals markets are counted for participation. **New markets created during the competition** 1. New spot markets with stablecoin quote token such as $USD or $USC is counted. 2. New spot markets with the base token and quote token listed on CoinGecko is counted. 3. New spot markets with unknown base and quote tokens will not be counted. 4. New perpetual markets is counted. ## 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 Demex Trading League * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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**](https://app.dem.exchange/competition/registration) to be eligible for rewards. * All current and new users are eligible to join the event during 25 April 2023, 9:00AM - 9 May 2023, 9:00AM (UTC) # How to Register #### Step 1: Go to [app.dem.exchange/competition/registration](https://app.dem.exchange/competition/registration) **Step 2:** Click on "Register" button. **Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you have posted on your Twitter! Open leveraged positions on any perpetuals market to join the lottery. [View your rankings here](https://app.dem.exchange/competition)! # Demex $100,000 Mega Marathon 15 August, 09:00AM UTC - 15 September, 10:00AM UTC To thank our fantastic users for their unwavering support, we're giving back by launching our largest promotion yet - a whopping $100,000 Mega Marathon! The Demex Mega Marathon has 3 promotions:
Demex Trading League Vol 1.

Date: 15 August 2023 - 30 August 2023, 9:00AM UTC		/files/ggLGXn0JTkk2HnQFacQh/pages/rTvYTNQYQTlejZ38RL3O

Deposit Booster


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

/files/apz5If4zVehqOiPlzH46/pages/d8YEmLgUuGQnU51eFwA4
Demex Trading League Vol 2

Date: 30 August 2023 - 15 September 2023, 10:00AM UTC		/files/WKFwvUb9j3uslOq9dgHU/pages/OLp93QkElhqkzqXgYj2e
✨ And the best part? You can join ALL of the promotions to maximize your rewards! Join Now: [app.dem.exchange/marathon](https://app.dem.exchange/marathon) # Demex Trading League Vol 1 15 August, 09:00AM UTC - 30 August, 9:00AM UTC For this Demex Trading League, the rules will apply for perpetuals markets only! Time to get your leverage game on 🔥 The rules are simple: Trade every day on any perpetuals markets, earn points from each trade, and climb up the leaderboard! Join Now: [app.dem.exchange/m](https://app.dem.exchange/competition)[arathon/competition](https://app.dem.exchange/marathon/competition) ## Prizes The prize pool will start at $0 for 0 - 19 participants, $3,000 for 20-50 participants, and will increase for every additional 50 participants in the competition. Prize distribution will be across the top 10 on the leaderboard. To view your rankings,[ click here.](https://app.dem.exchange/competition)
Rank0-19 Participants20-50 Participants51 - 99 ParticipantsAbove 100
Prize Pool$0$3000$7500$15,000
101,2003,0006000
207501,8753,750
303007501,500
402255601,125
50150375750
60120300600
7090225450
8075190375
9060150300
1003075150
## How to Win ### Step 1: Register Visit the [Demex Trading League registration page](https://app.dem.exchange/marathon/competition) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile. For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/demex-trading-leagues/demex-usd100-000-mega-marathon/demex-trading-league-vol-1/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Trade
### Step 3: Check Your Standing
## Market Eligibility Trading on all existing perpetuals markets, as well as new perpetual markets created during the competition period are counted for participation. ## 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 Demex Trading League Vol 1 during the mentioned promotion period. * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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. # How to Register #### Step 1: Go to [app.dem.exchange/](https://app.dem.exchange/competition/registration)[marathon/competition](https://app.dem.exchange/marathon/competition) **Step 2:** Click on "Register" button. **Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you have posted on your Twitter! Open leveraged positions on any perpetuals market to join the lottery. # Deposit Booster 15 August 2023 - 15 September 2023, 9:00AM UTC Join Now: [**https://app.dem.exchange/marathon/promotion**](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.** {% hint style="info" %} Unlike the [Demex Trading League Vol 1,](/demex-rewards/past-events/2023/demex-trading-leagues/demex-usd100-000-mega-marathon/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! {% endhint %} *** ### **📝 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. *** ### Rewards
TierNet Deposit No. of RewardsMin. Volume TradedPrize
1100 - 499 USD201,000 USD1,000 USD Raffle Ticket (50 USD / winner)
2500 - 1,999 USD2010,000 USD2,000 USD Raffle Ticket (100 USD / winner)
32,000 - 4,999 USD50050,000 USD15 USD
45,000 - 19,999 USD200100,000 USD40 USD
520,000 USD and above100200,000 USD100 USD
620,000 USD and above75500,000 USD300 USD
720,000 USD and above501,000,000 USD650 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](https://app.dem.exchange/pools) or by landing them on [Nitron](https://app.dem.exchange/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](https://app.dem.exchange/account/trades) and use the filters to get the total volume for perpetual markets and [this page](https://app.dem.exchange/account/transfers) 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.**](#terms-and-conditions) * 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. # Demex Trading League Vol 2 Rules will be updated once Demex Trading League Vol 1 is over. # Demex Trading League (Round 3) 12 July, 9:00AM UTC - 26 July, 9:00AM UTC It's time for the Demex Trading League - and this competition applies to both spot and perpetuals markets! The rules are simple: Trade every day on any spot and perpetuals markets, earn points from each trade, and climb up the leaderboard! ## Prizes The prize pool will start at $750 for <50 participants, and will increase 2x for every additional 50 participants in the competition. Prize distribution will be across the top 10 on the leaderboard. To view your rankings,[ click here.](https://app.dem.exchange/competition) \#1 - 20% of prize pool \#2 - 8% of prize pool \#3 - 15% of prize pool \#4 - 12% of prize pool \#5 - 10% of prize pool \#6 - 7% of prize pool \#7 - 6% of prize pool \#8 - 5% of prize pool \#9 - 4% of prize pool \#10 - 3% of prize pool ## How to Win ### Step 1: Register Visit the [Demex Trading League registration page](https://app.dem.exchange/competition/registration) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile.
For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Trade
### Step 3: Check Your Standing
## Market Eligibility **Existing markets** Trading on all existing spot and perpetuals markets are counted for participation. **New markets created during the competition** 1. New spot markets with stablecoin quote token such as $USD or $USC is counted. 2. New spot markets with the base token and quote token listed on CoinGecko is counted. 3. New spot markets with unknown base and quote tokens will not be counted. 4. New perpetual markets is counted. ## 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 Demex Trading League * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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**](https://app.dem.exchange/competition/registration) to be eligible for rewards. * All current and new users are eligible to join the event during 12 July 2023, 9:00AM - 26 July 2023, 9:00AM (UTC) # How to Register #### Step 1: Go to [app.dem.exchange/competition/registration](https://app.dem.exchange/competition/registration) **Step 2:** Click on "Register" button. **Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you have posted on your Twitter! Open leveraged positions on any perpetuals market to join the lottery. [View your rankings here](https://app.dem.exchange/competition)! # Demex Trading League (Round 4) 19 September, 10:00AM UTC - 3 October, 10:00AM UTC It's time for the Demex Trading League (Round 4) Competition - and this time round, the competition applies to both spot and perpetuals markets! The rules are simple: Trade every day on any spot and perpetuals markets, earn points from each trade, and climb up the leaderboard! ## Prizes The prize pool will start at $750 for <50 participants, and will increase 2x for every additional 50 participants in the competition. Prize distribution will be across the top 20 on the leaderboard. To view your rankings,[ click here.](https://app.dem.exchange/competition) \#1: 30% of prize pool \#2: 20% of prize pool \#3: 12% of prize pool \#4: 8% of prize pool \#5: 7% of prize pool \#6: 6% of prize pool \#7: 5% of prize pool \#8: 4% of prize pool \#9: 2% of prize pool \#10: 1% of prize pool \#11 to 15: 3.33% of prize pool (0.67% each) \#16 to 20: 1.67% of prize pool (0.33% each) ## How to Win ### Step 1: Register Visit the [Demex Trading League registration page](https://app.dem.exchange/competition/registration) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile.
For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Trade
### Step 3: Check Your Standing
## Market Eligibility **Existing markets** Trading on all existing spot and perpetuals markets are counted for participation. **New markets created during the competition** 1. New spot markets with stablecoin quote token such as $USD or $USC is counted. 2. New spot markets with the base token and quote token listed on CoinGecko is counted. 3. New spot markets with unknown base and quote tokens will not be counted. 4. New perpetual markets is counted. ## 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 Demex Trading League * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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**](https://app.dem.exchange/competition/registration) to be eligible for rewards. * All current and new users are eligible to join the event during 19 September 2023, 10:00am - 3 October 2023, 10:00am (UTC). # LUNA Earn-A-Thon & Demex Trading League (Round 5) 12 October, 9:00AM UTC - 26 October, 9:00AM UTC Boost your DeFi game with Terra by exploring these 3 quests on Demex! Join Now ➡️ [app.dem.exchange/earnathon](https://app.dem.exchange/earnathon) ## How to Register Visit the [registration page](https://app.dem.exchange/earnathon) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile. For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ## Explore these 3 quests! ### Deposit quest 📥 Deposit or #hodl a minimum of 200 $LUNA in your account for duration of promotion Reward: 5 $USD each to first 100 participants ### Lending quest ℹ️ The $LUNA lend pool on Nitron has been incentivized with $1000 worth of $SWTH Reward: Lend $LUNA to earn extra $SWTH incentives! ### Trading quest Join Demex Trading League (Round 5) and earn points for trading ANY spot or perps! Reward: Win from a $5,000 prize pool **HINT:** More points can be obtained by trading perpetuals! Simply: 1️⃣ Lend $LUNA to earn $SWTH incentives 2️⃣ Borrow $USD 3️⃣ Use borrowed $USD to trade perpetuals Full Rules: [Demex Trading League (Round 5)](/demex-rewards/past-events/2023/demex-trading-leagues/demex-trading-league-round-6) ## 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 Demex Trading League * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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**](https://app.dem.exchange/competition/registration) to be eligible for rewards. * All current and new users are eligible to join the event during 9 October 2023, 9:00am - 20 October 2023, 9:00am (UTC). # Demex Trading League (Round 6) 27 October, 09:00AM UTC - 10 November, 09:00AM UTC The rules are simple: Trade every day on any spot and perpetuals markets, earn points from each trade, and climb up the leaderboard! ## Prizes The prize pool will start at $1000 for <50 participants, and will increase for every additional 50 participants in the competition. Prize distribution will be across the top 20 on the leaderboard. To view your rankings,[ click here.](https://app.dem.exchange/competition) \#1: 30% of prize pool \#2: 20% of prize pool \#3: 12% of prize pool \#4: 8% of prize pool \#5: 7% of prize pool \#6: 6% of prize pool \#7: 5% of prize pool \#8: 4% of prize pool \#9: 2% of prize pool \#10: 1% of prize pool \#11 to 15: 3.33% of prize pool (0.67% each) \#16 to 20: 1.67% of prize pool (0.33% each) ## How to Win ### Step 1: Register Visit the [Demex Trading League registration page](https://app.dem.exchange/competition/registration) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile.
For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Trade
### Step 3: Check Your Standing
## Market Eligibility **Existing markets** Trading on all existing spot and perpetuals markets are counted for participation. **New markets created during the competition** 1. New spot markets with stablecoin quote token such as $USD or $USC is counted. 2. New spot markets with the base token and quote token listed on CoinGecko is counted. 3. New spot markets with unknown base and quote tokens will not be counted. 4. New perpetual markets is counted. ## 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 Demex Trading League * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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**](https://app.dem.exchange/competition/registration) to be eligible for rewards. * All current and new users are eligible to join the event during 27 October 2023, 9:00am - 10 November 2023, 9:00am (UTC). # SCRT Trading League 21 December, 2023, 09:00AM UTC - 21 January, 2024, 09:00AM UTC ## How To Play #### Step 1: Register Visit the [SCRT Trading League page](http://app.dem.exchange/rewards/scrt-trading-league) and click the “Register” button to participate in this event. #### **Step 2: Trade Big, Win Big!** Once you’ve registered for the event, it’s time to start trading perpetuals! As this is the SCRT Trading League, you can earn more points by trading on the SCRT-PERP market. For every 1 **USD of trading volume (factoring in leverage)**, you will earn: | Markets | Points | | ----------------------- | ------ | | SCRT 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 **SCRT.** ## **FAQs** **How do I bridge USDC from Secret network to Carbon network to begin trading on Demex?** For Secret Community members new to Demex, accessing perpetual trading requires a stablecoin as margin to begin trading. [Carbon's stablecoin](https://guide.dem.exchange/welcome/deposits-and-withdrawals/demex-specific-tokens/carbon-grouped-tokens/usdusd) is USD, which consists of native USDC and axlUSDC. Follow these steps to bridge and deposit your axlUSDC onto Demex: 1\. Bridge over your USDC.axl from Secret Network to Osmosis using the [Shade App’s bridge](https://app.shadeprotocol.io/bridge?ref=blog.dem.exchange).

Source: https://app.shadeprotocol.io/bridge

2\. Once it is bridged to Osmosis, go to [Demex's deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), connect your Keplr or Leap wallet, and you can deposit axlUSDC from Osmosis network.

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

3\. Your USDC.axl will be auto-converted at a 1:1 ratio to USD(G), and you can also withdraw USD(G) to USDC.axl at any time. 4\. Congratulations! You are now ready to trade on the [SCRT-PERP](https://app.dem.exchange/trade/SCRT-PERP?ref=blog.dem.exchange) market or provide liquidity to the [SCRT Perp Pool](https://app.dem.exchange/vaults/3/deposit?ref=blog.dem.exchange). 1. **How do I calculate my points?** Collect points based on your trading volume on all perpetual markets. Points are calculated based on the perpetual market you are trading on. SCRT-PERP market is awarded higher points specially for this SCRT Trading League event. For every 100 USD (after leverage) on the following markets, a trader will earn: | Markets | Points | | ----------------------- | ------ | | SCRT 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 12,000 $SCRT 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 (SCRT) | | ------------------------- | ----------------------- | | <2.5M | 4,000 $SCRT | | 2.5M - 5M | 8,000 $SCRT | | > 5M | 12,000 $SCRT | 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 RankingNo of winners per rank Prize Prize Allocation in SCRT(Assume prize pool is 12,000 SCRT)Prize per user in SCRT (Assume prize pool is 12,000 SCRT)
1130%36003600
2120%24002400
3112%14401440
418%960960
517%840840
616%720720
715%600600
814%480480
912%240240
1011%120120
11 to 15 53.33%40080
16 to 20 51.67%20040
Sum 20 100%12,000 $SCRT12,000 $SCRT
Prizes will be credited to the winners’ wallet addresses on Demex as $SCRT 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 21st January 2023, 09:00 AM UTC, and end on 18th January 2024, 09:00 AM UTC. * All current and new users are eligible to join this event. However, users located in these [**regions**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) 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 $SCRT 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. # Earn-a-thons # Demex x StaFi ATOM Earn-A-Thon 9 February, 9:00AM UTC - 9 March, 9:00AM UTC {% hint style="info" %} All perpetuals markets with $USDC as the settlement currency are replaced by one with $USD. Additionally, all $USDC rewards will now be given in $USD. \ Competition will account for all trades on perpetual markets with $USDC and $USD settlement currency. {% endhint %} ## Official Announcement {% embed url="" %} ## Competition Details ## ✅ Complete Step 1 (Register) and Step 2 (Earn) to unlock bonus tasks! ### Step 1: Register Be one of the first 100 participants to register! To register, post a tweet on Twitter with your custom hashtag from us. {% hint style="info" %} 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. {% endhint %} #### Step 1: Go to [app.dem.exchange/competition/registration](https://app.dem.exchange/competition/registration) **Step 2:** Click on Tweet button under "Register"
**Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct. **Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button.
**Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you see a green "You're Registered!" text as shown below
### Step 2: Earn **\[Reward: 15 USD]** {% hint style="info" %} Ensure that you are registered before completing this step! {% endhint %} To complete this step, registered participants will need to: * **Deposit** or ensure a minimum balance of 100 USD * **Execute** 3 trades on the ATOM-PERP market After completing the above 2 steps, you will have unlocked the Bonus Tasks! ## 🎉 Bonus Tasks ### Demex Bonus Task: Trade Any Perps Participants will be airdropped USD rewards at the end of the campaign depending on their PnL % and ranking. Track your ranking on [app.dem.exchange/competition ](https://app.dem.exchange/competition) Winners (and losers!) can either earn rewards or rebates: * **Top 5 Leaderboard** - Be one of the top 5 participants with the highest PnL ranking by the end of the campaign **\[Reward: 50 USD]** * **Losers Rebate** - Be one of the first 30 registered users and earn up to 30 USD rebate if you end the competition with negative PnL **\[Rebate: Up to 30 USD]** ### StaFi Bonus Task A: Video Quiz **\[Reward: 500 SWTH + 10 FIS]** Answer all of the questions in the **video quiz** correctly. ### StaFi Bonus Task B: Lend rATOM **\[Reward: 10 USD]** Lend rATOM on **Nitron! (By the way, the rATOM Lend pool has $FIS incentives per week until the end of the event!)** ## Terms & Conditions * All current and new users are eligible to join the event during 9 February 2023, 9:00AM - 9 March 2023, 9:00AM (UTC) * Users will need to [**register**](https://app.dem.exchange/competition/registration) to be eligible for rewards and rebates. * Competition is limited to the first 100 participants. * Prizes will be airdropped to winners as USD ($1 = 1 USD) to the Carbon wallet addresses used in the competition, within 90 days from end of the competition. * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # Demex x Zilliqa ZIL Earn-A-Thon 22 June, 9:00AM UTC - 6 July, 9:00AM UTC ## Competition Details ## ✅ Complete Step 1 (Register) and Step 2 (Earn) to unlock bonus tasks! ### Step 1: Register Be one of the first 100 participants to register! To register, post a tweet on Twitter with your custom hashtag from us. [How to Register](/demex-rewards/past-events/2023/earn-a-thons/demex-x-zilliqa-zil-earn-a-thon/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Earn **\[Reward: 8 USD]** {% hint style="info" %} Ensure that you are registered before completing this step! {% endhint %} To complete this step, registered participants will need to: * **Deposit** or ensure a minimum balance of 100 USD * **Execute** 3 trades on the ZIL-PERP market After completing the above 2 steps, you will have unlocked the Bonus Tasks! ## 🎉 Bonus Tasks ### Demex Bonus Task: Trade Any Perps Participants will be airdropped USD rewards at the end of the campaign depending on their PnL % and ranking. Track your ranking on [app.dem.exchange/competition ](https://app.dem.exchange/competition) Winners (and losers!) can either earn rewards or rebates: * **Top 5 Leaderboard** - Be one of the top 5 participants with the highest PnL ranking by the end of the campaign. The rewards are as follows: * \#1: 200 USD * \#2: 150 USD * \#3: 110 USD * \#4: 80 USD * \#5: 60 USD * **Losers Rebate** - Be one of the first 30 registered users and earn up to 10 USD rebate if you end the competition with negative PnL **\[Rebate: Up to 10 USD]** ### Zilliqa Bonus Task : Lend ZIL **\[Reward: 5 USD]** Lend ZIL on **Nitron!** ## FAQs
Q1. How do I calculate the PnL%? The calculations for Equity as well as Individual PnL% are as follows: `Equity = Balance + Unrealized Profit and Loss` `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` Note: Trading fees and funding fees are NOT included in the Individual PnL calculations View the full information [here](https://guide.dem.exchange/community/competitions/live/demex-x-zilliqa-zil-earn-a-thon#leaderboard-calculations)
Q2. Can I execute 3 trades on any perpetuals market to register? No, you are required to execute 3 trades on the ZIL-PERP Market to register. You may trade on other perpetuals markets, but they will not be counted until your registration is complete.
Q3. What if I trade before registering? Your trades prior to registering will not be counted. Please complete your registration before trading for your trades to be counted in the Leaderboard.
Q4. How do I know if I have completed my registration? You will have completed your registration when there is a green check with “You’re Registered!” status on this section\ ![](/files/72w9ofkOSKi6vWQ7l5Vu)
Q5. What rewards / rebates do I earn? Prizes can be earned through 3 ways: **1.Complete your registration (Reward: 8 USD)** As long as you are one of the first 100 participants who have completed registration, you will receive the reward. Completing your registration means 1) tweeting with your custom hashtag, 2) having a minimum of 100 USD in your wallet and 3) executing 3 trades on the ZIL-PERP market with a minimum volume of 100 USD per trade. **2.Top 5 on the leaderboard (Reward: Up to 250 USD)** Prizes will be distributed across the top 5 on the leaderboard. **3.Losers Rebate (Rebate: Up to 10 USD)** As long as you are one of the first 30 registered participants who have ended the competition with a negative PnL, you will receive the rebate. **4.Lending ZIL on Nitron (Reward: 5 USD)** Lend any amount of ZIL on Nitron to be eligible for this reward.
Q6. How does the Losers Rebate work? If you have a negative PnL at the end of the competition, you will receive a rebate up to 10 USD, depending on the amount you have lost. For example: Scenario A: If you end the competition with -4.50 USD, you will receive 4.50 USD during the prize payouts. Scenario B: If you end the competition with -45 USD, you will receive 10 USD during the prize payouts.
## Leaderboard Calculations The calculations for Equity as well as Individual PnL% are as follows: `Equity = Balance + Unrealized Profit and Loss` `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` * Note: Trading fees and funding fees are NOT included in the Individual PnL calculations Any conversion from USDC/axlUSDC/BUSD to USD, spot trading, withdrawal of liquidity, deposits or transfers of USD resulting in an increase in your USD available balance will affect your initial equity. **We therefore encourage a separate account for participation in this competition.** \ \ Example for calculating initial equity: * User deposits 500 USD -> Initial Equity = 500 USD * User removes liquidity of 300 USD from a liquidity pool -> Initial Equity = 800 USD (500+300) * User receives internal transfer of 200 USD -> Initial Equity = 1000 USD (800+200) * User withdraws 250 USD -> Initial Equity = 1000 USD (Negative outflow does not affect the initial equity) Hence, all positive inflow of USD will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the trade. ## Market Eligibility **Existing markets** Trading on all existing spot and perpetuals markets are counted for participation. **New markets created during the competition** 1. New spot markets with stablecoin quote token such as $USD or $USC is counted. 2. New spot markets with the base token and quote token listed on CoinGecko is counted. 3. New spot markets with unknown base and quote tokens will not be counted. 4. New perpetual markets is counted. ## Terms & Conditions * All current and new users are eligible to join the event during 22 June 2023, 9:00AM - 6 July 2023, 9:00AM (UTC) * Users will need to [**register**](https://app.dem.exchange/competition/registration) to be eligible for rewards and rebates. * Competition is limited to the first 100 participants. * Prizes will be airdropped to winners as USD ($1 = 1 USD) to the Carbon wallet addresses used in the competition, within 90 days from end of the competition. * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](https://www.notion.so/community/competitions/past/demex-x-stafi-atom-earn-a-thon#terms-and-conditions) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # How to Register #### Step 1: Go to [app.dem.exchange/competition](https://app.dem.exchange/competition) **Step 2:** Click on "Register" button. **Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you have posted on your Twitter! Open leveraged positions on any perpetuals market to join the lottery. [View your rankings here](https://app.dem.exchange/competition)! # Trading Challenges # BNB Trading Challenge 11 May, 10:00 AM UTC - 25 May, 10:00 AM UTC ## How to Win ### Step 1: Register Be one of the first 50 participants to register by completing the following 3 actions: **\[Reward: 15 USD]** * Deposit a minimum of 100 USD or have a minimum of 100 USD in your wallet. * Execute 3 trades on the BNB-PERP market. Each of the 3 trades requires a minimum volume of 100 USD after leverage to qualify for the registration. * Post a tweet on Twitter with [your custom hashtag](#how-to-generate-custom-hashtag-on-twitter) from us! Your registration is complete once all three steps on the [registration page](https://app.dem.exchange/competition) have the **green "COMPLETED"** text as shown below: ### Step 2: Trade any perpetual contracts Participants will be airdropped USD at the end of the event depending on their PnL % and ranking. Track your rankings on [app.dem.exchange/competition](https://app.dem.exchange/competition) * Losers Rebate - Be one of the first 30 registered users and earn up to 20 USD rebate if you end the competition with negative PnL **\[Rebate: Up to 20 USD]** * Be one of the top 5 participants with the highest PnL % by the end of the campaign **\[Reward: Up to 250 USD]** * \#1 - $250 USD * \#2 - $200 USD * \#3 - $150 USD * \#4 - $100 USD * \#5 - $50 USD ## **FAQ** **Q1. Can I execute 3 trades on any perpetuals market to register?** No, you are required to execute 3 trades on the **BNB Perpetuals Market** to register. You may trade on other perpetuals markets, but they will not be counted until your registration is complete. **Q2. What if I trade before registering?** Your trades prior to registering will not be counted. Please complete your registration before trading for your trades to be counted in the Leaderboard. **Q3. How do I know if I have completed my registration?** You have completed your registration there are 3 green “COMPLETED” signs under “How to Register”.
**Q4. What rewards / rebates do I earn?** Prizes can be earned through 3 ways: 1. **Complete your registration (Reward: 15 USD)** As long as you are one of the first 50 participants who have completed registration, you will receive the reward.cant Completing your registration means 1) depositing 100 USD in your wallet, 2) executing 3 trades on the BNB-PERP market and 3) tweeting with your custom hashtag. 2. **Top 5 on the leaderboard (Reward: Up to 250 USD)** Prizes will be distributed across the top 5 on the leaderboard. | Rank | Prize | | ---- | ----- | | 1 | 250 | | 2 | 200 | | 3 | 150 | | 4 | 100 | | 5 | 50 | 3. **Losers Rebate (Rebate: Up to 20 USD)** As long as you are one of the first 30 registered participants who have ended the competition with a negative PnL, you will receive the rebate. **Q5. How does the Losers Rebate work?** If you have a negative PnL at the end of the competition, you will receive a rebate up to 20 USD, depending on the amount you have lost. For example Scenario A: If you end the competition with **-4.50 USD**, you will receive 4.50 USD during the prize payouts. Scenario B: If you end the competition with **-45 USD**, you will receive 20 USD during the prize payouts. ## Leaderboard Calculations The calculations for Equity as well as Individual PnL% are as follows: `Equity = Balance + Unrealized Profit and Loss` `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` * Note: Trading fees and funding fees are NOT included in the Individual PnL calculations Any conversion from USDC/axlUSDC/BUSD to USD, spot trading, withdrawal of liquidity, deposits or transfers of USD resulting in an increase in your USD available balance will affect your initial equity. **We therefore encourage a separate account for participation in this competition.** \ \ Example for calculating initial equity: * User deposits 500 USD -> Initial Equity = 500 USD * User removes liquidity of 300 USD from a liquidity pool -> Initial Equity = 800 USD (500+300) * User receives internal transfer of 200 USD -> Initial Equity = 1000 USD (800+200) * User withdraws 250 USD -> Initial Equity = 1000 USD (Negative outflow does not affect the initial equity) Hence, all positive inflow of USD will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the trade. ## ## **Terms & Conditions** 1. Demex reserves all rights to the final interpretation of this event. 2. Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. 3. All current and new users are eligible to join the BNB Perpetuals Trading League 4. Kindly note that you are ineligible to participate in this campaign if you are located in [**these regions.**](https://guide.dem.exchange/technical/terms-and-conditions#restricted-territory) 5. 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. 6. Users will need to register via depositing or having a minimum balance of 100 USD in their Demex account, executing 3 trades on BNB perpetuals market, tweeting with custom hashtag generated by Demex to be eligible for rewards. 7. All current and new users are eligible to join the event during 11 May 2023, 9:00AM - 25 May 2023, 9:00AM (UTC) # How to generate your custom hashtag ## How to Generate Your Custom Hashtag for Twitter {% hint style="warning" %} 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. {% endhint %} #### Step 1: Go to [app.dem.exchange/competition](https://app.dem.exchange/competition) **Step 2:** Click on Tweet button under "How to Register"
**Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the competition with is correct. **Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! When verified, you will see this popup: [View your rankings here](https://app.dem.exchange/competition)! # NEO Trading Challenge 14 March, 9:00AM UTC - 28 March, 9:00AM UTC ## Competition Details ### ✅ Complete Task 1 (Register) and Task 2 (Earn) to unlock bonus tasks! {% hint style="success" %} **We highly encourage a separate account for participation.** This is to ensure all transactions involving the USD Grouped Token does not affect your initial equity calculations for your leaderboard standings. {% endhint %} ### Task 1: Register Be one of the first 100 participants to register! To register, post a tweet on Twitter with your custom generated hashtag from us. [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Task 2: Earn **\[Reward: 10 USD of GAS tokens]** To complete this step, registered participants will need to: * **Deposit** or ensure a minimum balance of 100 USD * Use Grouped Token (USD) to **execute 3 trades** on the NEO-PERP market [**Learn about Grouped Token here**](broken://pages/nJq6pJMkCSpPnJCz1RvC) After completing the above 2 steps, you will have unlocked the Bonus Tasks! ## 🎉 Bonus Tasks ### Bonus Task 3: Trade Any Perps **\[Reward: Up to 300 USD of GAS tokens]** Participants will be airdropped USD rewards at the end of the campaign depending on their PnL % and ranking. Track your ranking on [app.dem.exchange/competition ](https://app.dem.exchange/competition) Winners (and losers!) can either earn rewards or rebates: * **Top 5 Leaderboard** - Be one of the top 5 participants with the highest PnL ranking by the end of the campaign. The top 5 participants will win the following prizes:
RankReward
1300 USD
2250 USD
3200 USD
4150 USD
5100 USD
* **Losers Rebate** - Be one of the first 25 registered users and earn up to 20 USD rebate if you end the competition with negative PnL [**View the full leaderboard calculations here**](#leaderboard-calculations) ### Boost your standings by referring friends! **Each referral = 1% increase in PnL %** Referees need to deposit 100 USD in Demex to qualify for the 1% increase. Deposit should only happen during the competition period. ### Bonus Task 4: Lend bNEO **\[Reward: 10 USD worth of GAS tokens]** Be one of the first 50 participants to lend bNEO on Nitron! ## Leaderboard Calculations The calculations for Equity as well as Individual PnL% are as follows: `Equity = Balance + Unrealized Profit and Loss` `Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)` * Note: Trading fees and funding fees are NOT included in the Individual PnL calculations Any conversion from USDC/axlUSDC/BUSD to USD, spot trading, withdrawal of liquidity, deposits or transfers of USD resulting in an increase in your USD available balance will affect your initial equity. **We therefore encourage a separate account for participation in this competition.** \ \ Example for calculating initial equity: * User deposits 500 USD -> Initial Equity = 500 USD * User removes liquidity of 300 USD from a liquidity pool -> Initial Equity = 800 USD (500+300) * User receives internal transfer of 200 USD -> Initial Equity = 1000 USD (800+200) * User withdraws 250 USD -> Initial Equity = 1000 USD (Negative outflow does not affect the initial equity) Hence, all positive inflow of USD will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the trade. ## 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 NEO Trading Challenge * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * Prizes will be airdropped to winners as GAS to the Carbon wallet addresses used in the competition, within 90 days from end of the competition. * Competition is limited to the first 100 participants. * Users will need to [**register**](https://app.dem.exchange/competition/registration) to be eligible for rewards and rebates. * All current and new users are eligible to join the event during 13 March 2023, 9:00AM - 27 March 2023, 9:00AM (UTC) # How to Register #### Step 1: Go to [app.dem.exchange/competition/registration](https://app.dem.exchange/competition/registration) **Step 2:** Click on Tweet button under "Register"
**Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button.
**Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you see a green "You're Registered!" text as shown below
# OSMO Perp Trading Challenge 5 January 09:00AM UTC - 5 February 09:00 AM UTC ## Official Announcement {% embed url="" %} ## Competition Details
### Step 1: Register Be one of the first 100 participants to register by completing the following 3 actions: **\[Reward: 20 USDC]** * Deposit a minimum of 100 USDC or have a minimum of 100 USDC in your wallet. [\[Learn How to Send $axlUSDC from Osmosis to $USDC on Demex\]](broken://pages/YhT0LeKO4QjZvM316A5s) * Execute 3 trades of [OSMO-PERP market ](https://app.dem.exchange/trade/OSMO-PERP) * Post a tweet on Twitter with [your custom hashtag](#how-to-generate-custom-hashtag-on-twitter) from us! [\[Learn How to Generate Your Custom Hashtag\] ](#how-to-generate-your-custom-hashtag-for-twitter) Your registration is complete once all three steps on the [registration page](https://app.dem.exchange/competition/registration) have the **green "COMPLETED"** text as shown below:
### Step 2: Trade OSMO, BTC or ETH Perpetual contracts Participants will be airdropped USDC at the end of the campaign depending on their PnL % and ranking. Track your ranking on [app.dem.exchange/competition](https://app.dem.exchange/competition) * Losers Rebate - Be one of the first 30 registered users and earn up to 30 USDC rebate if you end the competition with negative PnL **\[Rebate: 30 USDC]** * Be one of the top 5 participants with the highest PnL % by the end of the campaign **\[Reward: 50 USDC]** ## How to Generate Your Custom Hashtag for Twitter {% hint style="warning" %} 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. {% endhint %} #### Step 1: Go to [app.dem.exchange/competition/registration](https://app.dem.exchange/competition/registration) **Step 2:** Click on Tweet button under "How to Register"
**Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the competition with is correct. **Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button.
**Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! When verified, you will see this popup:
## Terms & Conditions * All current and new users are eligible to join the campaign during 5 January 2023, 9:00AM - 5 February 2023, 9:00AM (UTC) * Users will need to [register](#step-1-register) to be eligible for airdrops. * Competition is limited to the first 100 participants. * Prizes will be airdropped to winners as USDC ($1 = 1 USDC) to the Carbon wallet addresses used in the competition, within 90 days from end of the competition. * Kindly note that you are ineligible to participate in this campaign if you are located in these [regions.](#terms-and-conditions) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. # Perps Trading Challenge 16 November, 9:00AM UTC - 15 December, 9:00AM UTC Demex is bringing the Perps Trading Challenge to celebrate the launch of the Perp Pools! Join now ➡️ [app.dem.exchange/promotions/perps-trading-challenge](https://app.dem.exchange/promotions/perps-trading-challenge) ## How to Register Visit the [registration page](https://app.dem.exchange/earnathon) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile. For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ## Trade [Trade](https://app.dem.exchange/trade) on any perpetuals markets! You can opt for [Pro Mode](https://app.dem.exchange/trade/BTC-PERP) or [Lite Mode](https://app.dem.exchange/lite/BTC-PERP) according to your preferences. ## Rise Up The Ranks The more volume you trade, the higher the reward you win. Feel free to use leverage to boost your trading volume up the ranks!
View your current ranking and reward on the progress bar.
**Note:** * Who is eligible for the $1,000 raffle: Users who have traded more than or equal to $5,000 and have reached the Raindrop rank will become eligible for the raffle. Users who have attained higher ranks like Creek, River, Ocean, etc, are still eligible to win from the raffle. * Flat rewards: If you have attained rankings higher than Raindrop, you are eligible to win the rewards allocated to your tier alone along with your share of the raffle. For example, if you have attained River, you will win a flat $100 in rewards plus a share of the raffle according to the number of winners. ## Enjoy Trading Discounts By Staking SWTH Demex has adopted a fee-tier models to encourage you to stake SWTH to unlock more trading discounts. Go to [app.dem.exchange/stake](https://app.dem.exchange/stake) to stake now!
## 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 event rule, guideline or activity at our sole discretion. * All current and new users are eligible to join this event. * Kindly note that you are ineligible to participate in this event if you are located in these [**regions.**](#terms-and-conditions) * Prizes will be airdropped to winners as USD to the Carbon wallet addresses used in the event, within 90 days from end of the event. * Users will need to [**register**](https://app.dem.exchange/competition/registration) to be eligible for rewards. # Special Events # $500 Surprise Flash Promotion 7th July 2023 - 10th July 2023 (10:00AM UTC) To thank our loyal users who patiently waited during our recent upgrade, we're launching an exciting promotion: a **$500 Surprise Flash Promo giveaway!** **📅 Duration:** 7th July 2023 - 10th July 2023 (10:00AM UTC) [**Trade Now >>**](https://app.dem.exchange) ## 📚Rules **To be eligible for this prize:** Be one of the first 50 users to trade a minimum of $100 (after leverage) on any spot or perps market. *Please note that your trades prior to the start of the promotion (7th July 2023, 10:00AM UTC) will not be counted.*
## 🏆Prize The first 50 traders will earn $10 each from the $500 prize pool. ## ❗Terms & Conditions * All current and new users are eligible to join the event during 7 July 2023, 10:00AM - 10 July 2023, 10:00AM (UTC) * Promotion is limited to the first 50 participants. * Prizes will be airdropped to winners as USD ($1 = 1 USD) to the Carbon wallet addresses used in the promotion, within 90 days from end of the promotion. * Kindly note that you are ineligible to participate in this promotion if you are located in these [**regions.**](https://www.notion.so/community/competitions/past/demex-x-stafi-atom-earn-a-thon#terms-and-conditions) * Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any promotion rule, guideline or activity at our sole discretion. * Demex reserves all rights to the final interpretation of this event. \
# Demex Incentivized Devnet (Ended) 📆 17th August → 27th August, 09:00 AM UTC {% hint style="info" %} The Incentivized Devnet in partner with Fluo Finance pools has ended and was a huge success for Demex. Demex has absorbed Fluo Finance and its features into what's now known as [perpetual liquidity pool](https://guide.dem.exchange/earn/perpetual-liquidity-pools), or perp pools for short. {% endhint %} ## **Welcome to Demex's Incentivized Devnet! 🎉** This event is aimed at assessing a new feature on Demex called 'Perp Pools'. Perp Pools uses your stablecoin to market make on Demex's perpetual markets. This cutting-edge technology was built by our partners at [Fluo Finance](https://fluofinance.com), a liquidity management protocol. Watch this short video to see it in action: {% embed url="" %} ## **Maximize your Airdrop Chance! 🎁** **Check your FLUO Airdrop eligibility** at . * **Already eligible?** Boost your FLUO airdrop amount by actively participating in this event. * **Not yet eligible?** You can become eligible by taking part in this event. * You may also get **Demex's $DMX airdrop** from participating actively in this devnet. 👀 Fluo Finance will be **airdropping FLUO tokens** to lucky devnet participants! Note: If you have only used Keplr or Leap wallet to interact with Osmosis or Carbon network, you are still eligible and will need to add a Metamask account using the same seed phrase. ## How to Participate in our Devnet Event **Note: Devnet tokens can be minted freely. They are fake and do not have any value and are only for testing purposes.** Here's what you need to do before you can try out our perp pools. 1. Visit our website [https://dev-app.dem.exchange](https://dev-app.dem.exchange/). 2. Click on our network icon and choose `Carbon Devnet` as your network.
3. Log in to Demex using MetaMask and accept the acknowledgment to connect.
{% hint style="info" %} If the devnet has been reseeded recently, you will need to clear your Metamask's activity data, aka clearing nonce, by going to Metamask > Settings > Advanced > Clear activity tab data. {% endhint %} 4. Navigate to the [Wallet Balance](https://dev-app.dem.exchange/account/balance) page and mint $USD and $SWTH tokens. These are test tokens on the devnet and do not have any actual value, but you can win real USD from our [devnet trading league](https://guide.dem.exchange/community/incentivized-devnet-event/demex-trading-league-devnet), as well as be eligible for real FLUO airdrop once it's live.
5. Go to the [Pools ](https://dev-app.dem.exchange/pools)page and ensure that "Show Small Pools (<$5000)" is checked.
Congrats! You can now try out our new perp pools. ## **Perp Pools Instructions** Try the following actions and let us know your feedback. For more instructions and details about the benefits and risks, please visit the next page. * **Depositing:** Deposit $USD liquidity to "[Perp Pools by Fluo](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/perp-pools-deposits)" to provide liquidity to perp markets and acquire CLP tokens. * **Farming:** Gain $esFLUO rewards by [staking $CLP](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/base-vault-and-usdclp-staking). * **Boosting:** Earn more rewards by staking $FLUO, boosting $stFLUO, and unlocking your vested $esFLUO rewards, all on the [Fluo Dashboard](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated). * **Trading:** Trade on the [BTC-PERP](https://dev-app.dem.exchange/trade/BTC-PERP) or [ETH-PERP](https://dev-app.dem.exchange/trade/ETH-PERP) market. ## Giving Feedback *Experiencing issues?* Our team is ready to assist you on the Carbon Ecosystem [Telegram](https://t.me/carbon_ecosystem) or [Discord](https://discord.gg/BFXbBNJ7MZ) Channel `#public-incentivized-devnet channel`. Additionally, you can provide feedback and ask questions by * Submitting bugs / issues to this [Google form](https://forms.gle/Zw8oYeJKtmnRhvuu6) * Being involved in our [Public Devnet Feedback Channel](https://discord.gg/BFXbBNJ7MZ) on Discord * Connecting with us on [Telegram](https://t.me/carbon_ecosystem) for further discussions and questions We encourage you to ask questions and test the limits of perp pools! We're excited to launch perp pools and this devnet will help us make it a successful launch. ## Audits Ottersec has audited the CLP deposit and FLUO reward contracts on Carbon EVM. All audit vulnerabilities have been resolved. The audit report will be shared when the mainnet launches. As this is devnet, all user's funds are safe. # Perp Pools Deposits ## What are Perp Pools? Liquidity providers deposit $USD to perp pools on Demex to add liquidity to perp markets, and receive $CLP tokens in return. $CLP tokens are yield-bearing tokens that signify your proportional share of the provided liquidity. These tokens also continuously accrue yield with every block. ### How do $CLP tokens earn yield? $CLP earns from trading APR, which comprises the following: * **High Maker Rebates:** When a trade is executed using your liquidity, you earn maker rebates, and Demex has one of the highest maker rebates (>5bps for devnet), rewarding you for adding liquidity to the market and promoting order book depth. * **Funding Rate:** As part of the perpetual trading mechanism, funding rates are exchanged between traders. Liquidity providers can also earn a share of these funding fees for their contribution to the pool. Perp pools have a unique funding rate mechanism to rebalance the skew between longs and shorts in order to protect LPs during large market swings. * **Trader PnL:** You will receive a portion of the losses generated by traders who utilize the liquidity in the Perp Pools for their trades. ## What happens when I deposit? When you deposit $USD into the Perp Pools, your funds are automatically used to increase liquidity in the linked perpetual markets following a specific market-making strategy. #### Let's illustrate this with an example: Suppose you deposit $1,000 into a Perp Pool that's linked to BTC-PERP and ETH-PERP. Upon your deposit, a $1,000 bid and a $1,000 ask near the Index price will be added to each of these markets (BTC-PERP and ETH-PERP). Thus, your $1,000 liquidity contribution effectively generates $4,000 in order book liquidity. In short, the $USD deposited into the Perp Pool will be utilized as liquidity for the `BTC-PERP` and `ETH-PERP` market. Traders will have the opportunity to place orders and trade against the liquidity supplied by the perp pool. The bid and ask prices are kept close to the Index price to provide traders with competitive rates. These prices are frequently updated to match the Index price. Whenever a trader utilizes the liquidity, that amount is simultaneously deducted from elsewhere in the pool, maintaining the overall liquidity balance. Click [here](https://guide.carbon.network/carbon-modules/carbon-core/hybrid-liquidity-engine/perpetual-markets/perpetual-liquidity-pool) to find out more about how it works. ## How To Deposit to Perp Pools
1. Go to 2. Locate 'Perp Pools by Fluo' on the page. 3. When you click 'Go to Vault', you will be directed to the Base Vault. 4. Decide how much $USD to deposit. 5. You will receive $CLP corresponding to your deposit. Now that you have $CLP, you can [stake](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/base-vault-and-usdclp-staking) them as well to earn more rewards. ## **Funding Fees** When trading on a perp market that has liquidity provided by a perp pool, the funding fee includes the borrow fee which is calculated based on the pool's utilization rate. For devnet, the borrowing fee at max utilization will be 1% per hour for testing purposes. The borrow fee also has a time-weighted average multiplier that increases the bps every hour when the skew between the longs and shorts are imbalanced by up to 10x. ## Benefits Utilizing Perp Pools by Fluo offers the following advantages: * **Competitive Prices:** Access liquidity that is priced near the [Index Price](/trade/futures/glossary#index-price), leading to more competitive trades. * **Tight Spreads:** Enjoy trading with minimal to no spread, resulting in more favorable trading conditions. * **Lesser slippage:** Experience smooth and efficient trading with deep liquidity, reducing the impact of slippage. {% hint style="info" %} **Interested in becoming an LP?**\ Perp Pools empower anyone to become an automated market maker on Demex, enabling them to earn trading APR along with exciting bonus rewards for their active participation as liquidity providers.\ \ Learn more [here](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/perp-pools-deposits)! {% endhint %} More detailed instructions and images are available on the next page. # Base Vault and $CLP Staking ## Overview The Base Vault is where you can deposit, stake, unstake, and withdraw your liquidity, and claim any available external rewards. Let's explore how to navigate the Base Vault.
Your Positions * Your Total Deposit: The total amount of USD you have deposited as liquidity in the Pool. * CLP Balance: The available amount of CLP you receive from depositing USD that can be staked to earn extra esFLUO rewards. * Your Stake: The amount of CLP tokens you have currently staked in the Vault.
Your Rewards ![](/files/RTiZkOCllLaGQzQIVIb1) To maximize your rewards, you should * Deposit USD into the Pool to start earning Trading APR, which includes a combination of traders' Profit and Loss (PnL), funding rate, and maker rebates. * Stake your CLP in the Vault to earn bonus esFLUO rewards.
Vault Stats The 'Vault Stats' section displays: * Total Value Locked: The total value of USD assets locked in the Vault. * Est. APY: The estimated Annual Percentage Yield for the Vault. * Vault Performance: Indicates the profitability of liquidity providers, including fees (such as funding rate and maker rebates) and traders' PnL. By accessing this data, users can make informed decisions regarding their participation in the vault and optimize their strategies accordingly.
Liquidity Distribution The 'Liquidity Distribution' section displays: ![](/files/sorspy2LrrpwwZ7VPPVl) * Liquidity Allocation: Indicates the amount of used liquidity and the maximum allocated liquidity for each market. * Current Liquidity Distribution: Provides real-time insights into the allocation of liquidity across different markets. For instance, if the displayed utilization rate is 94%, it signifies a corresponding borrow rate of 0.094% per hour. This information helps you gauge the availability and utilization of liquidity within each market.
## Devnet Steps Deposit liquidity to the Perp Pools and earn bonus $esFLUO rewards by performing the following actions: * **Deposit**: Enter your desired amount of $USD to deposit and receive the corresponding amount of $CLP tokens.
* **Stake**: Go to the "stake" tab to stake your $CLP tokens in the Vault to start earning $esFLUO rewards. Your $CLP tokens will be converted into CarbonEVM's ERC20 CLP tokens at this step.
* **Unstake**: When you unstake your $CLP tokens, you will stop earning $esFLUO rewards. Note that you are still contributing $USD liquidity to the Pool.
* **Withdraw**: Withdraw $USD liquidity from the Pool.
# Fluo Dashboard (Deprecated) The Fluo Dashboard offers various actions to manage your $FLUO, $stFLUO, and $esFLUO tokens. {% hint style="info" %} $FLUO is the utility token of [Fluo Finance](https://fluofinance.com/); Learn more [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token). {% endhint %} ## Overview
Your Portfolio This sections provides a * View your total balance and a breakdown of your holdings, including $FLUO Balance, $stFLUO Balance, $esFLUO Balance, and $veFLUO Balance. * Unlock your vested $esFLUO tokens: By clicking on the 'Unlock' button, you can withdraw your vested $esFLUO tokens (i.e. $stFLUO) to your wallet. * Check the amount of $esFLUO tokens currently undergoing the vesting process. * Check the vesting end date for your $stFLUO tokens.
Stake $FLUO Stake $FLUO to earn more $FLUO rewards! * Staking $FLUO gives you $stFLUO tokens. * To encourage users to stake $FLUO, users are rewarded additional $FLUO rewards. * These incentives are channelled into $stFLUO, transforming it into a value-accrual token expected to appreciate over time. * The amount of $stFLUO tokens that users receive depends on the prevailing FLUO:stFLUO exchange rate. Learn more about $stFLUO [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-stfluo).
Boost Rewards Vote-escrow your $stFLUO tokens to receive $veFLUO, which enhances your voting power and boosts your $esFLUO LP rewards. #### Reward Multiplier The [Reward Multiplier](https://docs.fluofinance.com/getting-started/welcome-to-fluo/yield-boosting) determines how many times your $esFLUO LP rewards are boosted. It is influenced by the amount of * $stFLUO tokens that the user has locked into $veFLUO in relation to the total $veFLUO locked across all users * $CLP tokens that the user has staked in relation to the total $CLP tokens staked by all users These factors together determine the specific value of the Reward Multiplier, which can range from 1.0x to a maximum of 2.5x, impacting the $esFLUO rewards earned on your provided liquidity. #### Locking $stFLUO into $veFLUO * $veFLUO serves a dual purpose of reward boosting and guage voting. * Any $stFLUO holder can choose to lock their tokens and in return receive $veFLUO tokens. * The duration of the **Lock Period** ranges from 1 day to 4 years. The longer the Lock Period, the higher the weight boost, voting power and bribing rewards the $veFLUO holder receives. * As $veFLUO decays according to the vote-escrow period selected, it gradually and automatically converts back into $stFLUO in the users' wallets. Learn more about $veFLUO [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-stfluo).
Claim $esFLUO Rewards When you click on the 'Claim' button, the 12-month linear vesting period is initiated for all existing $esFLUO tokens that have not completed their vesting period yet. This action restarts the vesting period for any tokens that are currently in the process of vesting, allowing them to start their vesting period anew alongside any newly claimed $esFLUO rewards. **Note**: To transfer your $stFLUO tokens ($esFLUO that has completed vesting) to your wallet, click on the 'Unlock' button located at the top of the Dashboard. Learn more about $esFLUO [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-esfluo).
## Steps Refer to the following guides on how to: * [Stake FLUO](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated/stake-fluo) * [Boost Rewards](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated/boost-rewards) * [Claim esFLUO Rewards](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated/esfluo-rewards) # Stake FLUO Stake FLUO to earn more FLUO rewards! * Staking FLUO converts it into stFLUO tokens based on the redemption rate. * As FLUO staking rewards are directed towards stFLUO, it is a value-accrual token that appreciates over time against FLUO. * You can easily check the current stFLUO:FLUO exchange rate at the top of the Fluo Dashboard. Learn more about $stFLUO [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-stfluo).
On the Fluo Dashboard, you can easily keep track of your staking activities. * View the current amount of stFLUO tokens staked. * Check the amount of FLUO tokens currently undergoing the unstaking process. * Check the staking APR. ## Steps to stake FLUO ### How To Stake FLUO into stFLUO To stake FLUO, click on the '[Stake](https://dev-app.dem.exchange/vaults/stake/staking)' button on the Fluo Dashboard.
This will direct you to a new page where you can: * View the amount of available $FLUO tokens that you can stake. * Enter the desired amount of $FLUO tokens you wish to stake. * View the estimated APR you will earn from your staking activity. Upon staking, you will receive $stFLUO tokens based on the current stFLUO:FLUO exchange rate. ### How To Unstake stFLUO into FLUO To unstake $stFLUO, click on the '[Unstake](https://dev-app.dem.exchange/vaults/stake/unstaking)' button on the Fluo Dashboard.
This will direct you to a new page where you can: * Check the amount of stFLUO tokens available for unstaking. * Monitor the amount of FLUO tokens that are currently undergoing the unstaking process. * Enter the number of stFLUO tokens you wish to convert back into $FLUO. {% hint style="info" %} Note that there is a 14-day unstaking period during which your stFLUO tokens are locked in the staking contract, afterwhich you can withdraw your FLUO tokens. {% endhint %} Upon completing the unstaking process, you will receive $FLUO tokens equivalent to the prevailing stFLUO:FLUO exchange rate. For your convenience, you can easily view your Unstake Date, which marks the end of the 14-day unstaking period. # Boost Rewards On the Fluo Dashboard, you can easily keep track of your boosting activities. * View the current amount of stFLUO tokens that have been boosted. * Check the current boost and APR of your LP tokens earning esFLUO rewards. Holding veFLUO enhances your voting power and boosts your esFLUO LP rewards. To get veFLUO, you will need to vote-escrow your stFLUO tokens. Learn more about veFLUO [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-vefluo). {% hint style="info" %} Acquire stFLUO by staking FLUO [here](https://dev-app.dem.exchange/vaults/stake/staking)**.** {% endhint %}
## Steps ### How to get veFLUO To get veFLUO, click on the '[Boost](https://dev-app.dem.exchange/vaults/stake/boost)' button on the Fluo Dashboard.
This will direct you to a new page where you can: * Enter the desired amount of stFLUO tokens you wish to boost. * Choose your preferred [Lock Period](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-vefluo) for boosting your stFLUO tokens. * Each Lock Period corresponds to varying APR and esFLUO rewards, allowing you to customize your boosting experience based on your preferences and investment goals. * Note: For the devnet, the lock periods are significantly reduced for testing purposes. On mainnet, the locking durations will be 1 week, 1 month, 3 months, 1 year, 4 years. * Check the [Rewards Multiplier](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated#boost-rewards) being applied to the esFLUO rewards earned on your provided liquidity. # esFLUO Rewards esFLUO represents the non-transferable, 1:1 escrowed version of stFLUO (staked FLUO) and is awarded as an incentive to encourage users to contribute $USD liquidity. There are multiple ways to increase your esFLUO rewards: * By [staking more $CLP](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/base-vault-and-usdclp-staking) * By [boosting stFLUO](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated/boost-rewards) into veFLUO * You can acquire stFLUO by staking FLUO [here](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/fluo-dashboard-deprecated/stake-fluo). Learn more about esFLUO [here](https://docs.fluofinance.com/getting-started/what-is-fluo-token/what-is-esfluo-stfluo-and-vefluo#what-is-esfluo).
On the Fluo Dashboard, you can easily keep track of the total amount of esFLUO rewards available for claiming. ## How to claim and unlock esFLUO
1. **Claiming esFLUO:** To claim esFLUO, click on the 'Claim' button. This will begin its 12-month linear vesting period and will automatically vest into stFLUO over with every block. This will also reset the duration of any remaining esFLUO that is still vesting. Claiming also unlocks any vested stFLUO into your wallet. 2. **Unlock and withdraw stFLUO:** At any time during the one-year vesting period, you can unlock the vested stFLUO tokens into your wallet by clicking on the 'Unlock' button. # Demex Trading League (Devnet) Test out Perp Pools on Demex, and stand a chance to earn money while doing so! The rules are simple: Trade every day on BTC-PERP and ETH-PERP markets, earn points from each trade, and climb up the leaderboard! ## Prizes The prize pool will start at $100 for <50 participants, and will increase for every additional 50 participants in the competition. Prize distribution will be across the top 10 on the leaderboard. To view your rankings,[ click here.](https://dev-app.dem.exchange/competition) \#1 - 20% of prize pool \#2 - 18% of prize pool \#3 - 15% of prize pool \#4 - 12% of prize pool \#5 - 10% of prize pool \#6 - 7% of prize pool \#7 - 6% of prize pool \#8 - 5% of prize pool \#9 - 4% of prize pool \#10 - 3% of prize pool ## How to Win ### Step 1: Register Visit the [Demex Trading League registration page](https://dev-app.dem.exchange/competition) and post a tweet on Twitter with your custom generated hashtag from us. Click on "Register" to generate your custom hashtag and tweet on your Twitter profile.
For the full guide, read: [**How to Register**](/demex-rewards/past-events/2023/special-events/demex-incentivized-devnet-ended/demex-trading-league-devnet/how-to-register) {% hint style="info" %} 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. {% endhint %} ### Step 2: Trade
### Step 3: Check Your Standing
## Market Eligibility **Existing markets** * [BTC-PERP](https://dev-app.dem.exchange/trade/BTC-PERP) * [ETH-PERP](https://dev-app.dem.exchange/trade/ETH-PERP) ## 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 Demex Trading League * Kindly note that you are ineligible to participate in this campaign if you are located in these [**regions.**](#terms-and-conditions) * 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**](https://dev-app.dem.exchange/competition) to be eligible for rewards. * All current and new users are eligible to join the event during XX August 2023, 9:00AM - XX August 2023, 9:00AM (UTC) # How to Register #### Step 1: Go to **Step 2:** Click on "Register" button. **Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you have posted on your Twitter! Open leveraged positions on any perpetuals market to join the lottery. [View your rankings here](https://dev-app.dem.exchange/competition)! # 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** 👇 {% embed url="" %} ## How to Win ### Step 1: Register Visit The [HODL Lottery page](https://app.dem.exchange/competition/registration) 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**](/demex-rewards/past-events/2023/trading-challenges/neo-trading-challenge/how-to-register) {% hint style="info" %} 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. {% endhint %} ### ### 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**](broken://pages/YrZdephwgCtnMyXmFLEs) #### 🎟 View Your Tickets After opening your position, your standing will show on the [Leaderboard](https://app.dem.exchange/competiton). 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. [**How to Refer**](/earn/referrals) ## **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](https://twitter.com/demexchange), [Telegram](https://t.me/carbon_ecosystem_ANN) and [Discord.](https://discord.gg/RYDdBBJ8) ## 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.**](#terms-and-conditions) * 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**](https://app.dem.exchange/competition/registration) 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) # How to Register #### Step 1: Go to [app.dem.exchange/competition/registration](https://app.dem.exchange/competition/registration) **Step 2:** Click on Generate button under "Register"
**Step 3:** A pop-up to connect your wallet address will show. Connect your wallet and check that the wallet address that you’re entering the event with is correct.
**Step 4:** The popup will show the tweet caption & personal hashtag. Click on the “Tweet” button. **Step 5:** A separate window will lead you to Twitter, prompting you to log in. Simply post the tweet and wait for it to be verified! **Step 6:** Your registration is complete once you have posted on your Twitter! Open leveraged positions on any perpetuals market to join the lottery. [View your rankings here](https://app.dem.exchange/competition) # How to Count Your Tickets There are 3 types of positions that will be counted in the Lottery, with 3 different formulas each. * Longest Position * Other Positions * Liquidated Positions {% tabs %} {% tab title="Longest Position" %}
The longest position is any position that was opened at any time during the lottery duration. **ℹ️ Note:** The longest position can be a closed position. However, it cannot be liquidated for it to be counted as the longest position. Your ticket count might change depending if: * Your position has been liquidated or; * You have only one position during the lottery duration and that position has been liquidated. In that case, your tickets will be calculated under the [Liquidated Position formula](#liquidiated-position). {% endtab %} {% tab title="Other Positions" %}
These positions are positions that have been opened during the lottery period and are not the longest position. These positions can be closed positions, but not liquidated positions. **ℹ️ Note:** Other positions can be closed positions. However, it cannot be liquidated for it to be counted in this formula. Your ticket count might change depending if: * Your position has been liquidated or; * You have only one position during the lottery duration and that position has been liquidated. In that case, your tickets will be calculated under the [Liquidated Position formula](#liquidiated-position). {% endtab %} {% tab title="Liquidated Position" %}
{% endtab %} {% endtabs %} # 2024 # 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](https://app.dem.exchange/rewards/celestia-trading-league) 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](https://guide.dem.exchange/welcome/deposits-and-withdrawals/demex-specific-tokens/carbon-grouped-tokens/usdusd) 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](https://scan.carbon.network/group?net=main). 2\. Navigate to [Demex's deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), 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 RankingNo of winners per rank Prize Prize Allocation in milkTIA (Assume prize pool is 150 milkTIA)
1130%45
2120%30
3112%18
418%12
517%10.5
616%9
715%7.5
814%6
912%3
1011%1.5
11 to 15 53.33%4.95
16 to 20 51.67%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**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) 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. # FOMO Points Booster 22 - 29 April, 8am UTC Welcome to the FOMO Points Booster promotion! From April 22nd to April 29th, starting at 8 am UTC, seize the chance to earn boosted spins and surge ahead in the race for Demex Points.
## How to Earn Boosted Spins Here's how you can maximize your Spins for Points during this exciting promotion: ### **Perp Pool Deposits** Boost your spins by depositing into the [FOMO Perp Pool](https://app.dem.exchange/vaults/7/deposit)! Now, for every 500 USDⒼ deposited, enjoy **double the spins** compared to regular deposits. | Perp Pool | Boost (Every 500 USDⒼ Deposited) | | -------------- | -------------------------------- | | FOMO Perp Pool | 2x Spins/Week | ### **Perp Trading** Elevate your spin count by trading on the selected markets linked to the FOMO Perp Pool! For every $10,000 volume traded, get **triple the spins** compared to regular trading. | Market | Boost (Every $10,000 Volume Traded) | | ------------------------------------------------------------- | ----------------------------------- | | [BLUR-PERP](https://app.dem.exchange/trade/BLUR-PERP) | 3x Spins | | [MEME-PERP](https://app.dem.exchange/trade/MEME-PERP) | 3x Spins | | [WLD-PERP](https://app.dem.exchange/trade/WLD-PERP) | 3x Spins | | [DOGE-PERP](https://app.dem.exchange/trade/DOGE-PERP) | 3x Spins | | [WIF-PERP](https://app.dem.exchange/trade/WIF-PERP) | 3x Spins | | [1000PEPE-PERP](https://app.dem.exchange/trade/1000PEPE-PERP) | 3x Spins | | [SLERF-PERP](https://app.dem.exchange/trade/SLERF-PERP) | 3x Spins | | [DEGEN-PERP](https://app.dem.exchange/trade/DEGEN-PERP) | 3x Spins | # DeFi Points Booster Welcome to the DeFi Points Booster promotion! From May 14th - May 21st, starting at 8 am UTC, seize the chance to earn boosted spins and surge ahead in the race for Demex Points.
## How to Earn Boosted Spins Here's how you can maximize your Spins for Points during this exciting promotion: ### **Perp Pool Deposits** Boost your spins by depositing [USDⒼ](https://guide.dem.exchange/welcome/what-is-usdg) into the [DeFi Perp Pool](https://app.dem.exchange/vaults/9/deposit) and enjoy **double the spins**. | Perp Pool | Boost (Every 1,000 USDⒼ Deposited) | | -------------- | ---------------------------------- | | DeFi Perp Pool | 2x Spins/Week | ### **Perp Trading** Elevate your spin count by trading on the selected markets linked to the DeFi Perp Pool! For every $10,000 volume traded, get **triple the spins** compared to regular trading. | Market | Boost (Every $10,000 Volume Traded) | | --------------------------------------------------------- | ----------------------------------- | | [PENDLE-PERP](https://app.dem.exchange/trade/PENDLE-PERP) | 3x Spins | | [ENA-PERP](https://app.dem.exchange/trade/ENA-PERP) | 3x Spins | | [BLUR-PERP](https://app.dem.exchange/trade/BLUR-PERP) | 3x Spins (🔜) | If you are a protocol and are interested in collaborating with Demex for a Point Booster Event, reach out to us on [Twitter](https://twitter.com/demexchange) or [Telegram](https://t.me/carbon_ecosystem)! # Celestia Points Booster Welcome to the Celestia Points Booster promotion! From May 23rd - May 30th, starting at 8 am UTC, seize the chance to earn boosted spins and surge ahead in the race for Demex Points. ## How to Earn Boosted Spins Here's how you can maximize your Spins for Points during this exciting promotion: ### **Perp Pool Deposits** Boost your spins by depositing [USDⒼ](https://guide.dem.exchange/welcome/what-is-usdg) into the [Celestia Perp Pool](https://app.dem.exchange/vaults/4/deposit) and enjoy **double the spins**. | Perp Pool | Boost (Every 1,000 USDⒼ Deposited) | | ------------------ | ---------------------------------- | | Celestia Perp Pool | 2x Spins/Week | ### **Perp Trading** Elevate your spin count by trading on the selected markets linked to the Celestia Perp Pool! For every $10,000 volume traded, get **triple the spins** compared to regular trading. | Market | Boost (Every $10,000 Volume Traded) | | ----------------------------------------------------- | ----------------------------------- | | [TIA-PERP](https://app.dem.exchange/trade/TIA-PERP) | 3x Spins | | [DYM-PERP](https://app.dem.exchange/trade/DYM-PERP) | 3x Spins | | [SAGA-PERP](https://app.dem.exchange/trade/SAGA-PERP) | 3x Spins | # milkTIA x Demex Points Booster Bonanza Welcome to the milkTIA x Demex Point Booster Bonanza! From May 21st to June 4th, starting at 8am UTC, seize the chance to **earn guaranteed rare loot boxes** and **double** **mPoints** to surge ahead in the race for both Demex and Milkyway! ### **Win a Guaranteed Rare or Higher Demex Loot Box** Join the action with at least $100 in [milkTIA’s lending market](https://app.dem.exchange/nitron/lend/milktia.osmosis) on Nitron and trade perps to earn free spins! Trade at least: * $1 to get a free spin * $1,000 to get a rare loot box * $100,000 to get an epic loot box * $1,000,000 to get the coveted legendary loot box!
*Rewards can be accumulated per account. For example, if you've traded $1,000,000, you'll be eligible to redeem each of the 4 loot boxes: Random, Rare, Epic, and Legendary, one time each per account.* Note: Rare and higher loot boxes are limited to the first 1,000 wallets in total, so act fast! **Pro-tip:** You can use leverage to make it easier to hit higher volume. Example: $50 of margin with 10x leverage to open a $500 position and close it will achieve $1000 in volume. ### **How to Earn 1.5x More mPoints** #### **Lending Market Deposits** Earn 1.5x more mPoints by [depositing milkTIA into Nitron’s lending market](https://app.dem.exchange/nitron/lend/milktia.osmosis)! During this promotion, every milkTIA enjoys **1.5x the points** compared to regular milkTIA. | Lending Market | Boost (Every milkTIA deposited) | | -------------- | ------------------------------- | | milkTIA | 1.5x mPoint Bonus | # BTCETH Points Booster Welcome to the BTCETH Points Booster promotion! From Jun 3rd to Jun 10th, starting at 8 am UTC, seize the chance to earn boosted spins and surge ahead in the race for Demex Points. ## How to Earn Boosted Spins Here's how you can maximize your Spins for Points during this exciting promotion: ### **Perp Pool Deposits** Boost your spins by depositing [USDⒼ](https://guide.dem.exchange/welcome/what-is-usdg) into the BTCETH Perp Pool and enjoy **double the spins**. | Perp Pool | Boost (Every 1,000 USDⒼ Deposited) | | ------------------------------------------------------------- | ---------------------------------- | | [BTCETH Perp Pool](https://app.dem.exchange/vaults/2/deposit) | 2x Spins/Week | ### **Perp Trading** Elevate your spin count by trading on the selected markets linked to the BTCETH Perp Pool! For every $10,000 volume traded, get **triple the spins** compared to regular trading. | Market | Boost (Every $10,000 Volume Traded) | | --------------------------------------------------------- | ----------------------------------- | | [BTC-PERP](https://app.dem.exchange/trade/BTC-PERP) | 3x Spins | | [ETH-PERP](https://app.dem.exchange/trade/ETH-PERP) | 3x Spins | | [ETHBTC-PERP](https://app.dem.exchange/trade/ETHBTC-PERP) | 3x Spins | # 🟠 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](https://app.dem.exchange/rewards/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 | | ----------------------------------------------------------------- | ------ | | [ARCH Perpetual Market](https://app.dem.exchange/trade/ARCH-PERP) | 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** 1. **How do I begin trading on Demex (Carbon Network)?** Demex requires [USDⒼ](https://guide.dem.exchange/welcome/what-is-usdg) 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: 1. Hold any supported USDC stablecoins within the USDⒼ basket. Check its constituents [here](https://scan.carbon.network/group?net=main). 2. Navigate to [Demex's deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), connect your preferred wallet and deposit the USDC.

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

3. 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. 4. Congratulations! You are now ready to trade on the [ARCH-PERP](https://app.dem.exchange/trade/ARCH-PERP) or other markets, as well as be a market maker by providing liquidity to the [Cosmos Perp Pool](https://app.dem.exchange/vaults/3/deposit). **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](https://app.dem.exchange/trade/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 | | ----------------------------------------------------------------- | ------ | | [ARCH Perpetual Market](https://app.dem.exchange/trade/ARCH-PERP) | 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. Points are counted only for the volume generated after you opted-in for the promotion. 4. **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 RankingNo of winners per rank Prize Individual Prize Allocation
1130%30%
2120%20%
3112%12%
418%8%
517%7%
616%6%
715%5%
814%4%
912%2%
1011%1%
11 to 15 53.33%0.66%
16 to 20 51.67%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**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) 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. # ⚛️ Cosmos Trading Competition Trade together with your crew and earn prizes from a prize pool of $100,000! ## Cosmos Trading Competition Welcome to the first-ever [Cosmos Trading Competition](https://app.dem.exchange/rewards/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 ## How to Play Trade, lend, and compete to lead your crew to victory in the $100,000 Cosmos Trading Competition! ### Step 1: Join Your Preferred Crew To join the competition, you first need to connect to [Demex](https://app.dem.exchange/) using your favourite wallet, such as [Leap](https://guide.dem.exchange/welcome/getting-started/connect-wallet/leap). Next, go to the [Cosmos Trading Competition](https://app.dem.exchange/rewards/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!
### Step 2: Lend and Collateralize Your Crew's Asset to Pledge Alliance Pledge your allegiance to your chosen crew by lending their asset on [Nitron](https://app.dem.exchange/nitron) and be eligible for rewards. To use Nitron, you must first [deposit](https://app.dem.exchange/account/balance/deposit/cgt/1) 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](https://app.dem.exchange/account/balance) in Demex, and you have to then go to [Nitron](https://app.dem.exchange/nitron) to lend it. ### **Nitron Lending Requirements:**
CrewToken Requirements (~$100 each)Quantity
ArchwayARCH or sARCH from Archway 2000
CelestiaTIA from Osmosis15
CosmosATOM from CosmosHub or stATOM from Stride15
DemexSWTH from Carbon22000
DymensionDYM or stDYM from Osmosis50
dYdXdYdX from dYdX Chain or stDYDX from Stride70
OsmosisOSMO from Osmosis or stOSMO from Stride180
InjectiveINJ from Injective or stINJ from Stride4
KujiraKUJI or ampKUJI from Kujira90
LevanaLVN from Osmosis2200
MilkywaymilkTIA from Osmosis15
SecretSCRT from Secret Network330
StargazeSTARS from Stargaze or stSTARS from Stride8500
TerraLUNA or ampLUNA from Terra200
### Step 3: Trade and Earn Points to Climb the Leaderboard 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 $100,000 prize pool! ### Leaderboard Structure The Cosmos Trading Competition features two types of leaderboards: 1. **Crew Leaderboard**: Crews compete against each other based on their total trading volume. The main Crew leaderboard will sum up the points of all crew members in real-time. 2. **Individual Leaderboard**: Participants within each crew compete against each other based on trading volume. Individual leaderboards will show the standings and points of each particular crew. ## Prize Pool The prize pool amount will be determined by the total volume on Demex with various milestones. The total trading volume includes traders who are not registered. | Volume Milestone (Demex Total Volume) | Prize Pool ($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. ### Prize Distribution The prize you will receive is first determined by your crew's performance. The distribution is as follows: 1. Half of the prize pool will be distributed to crews based on the fixed tier table below. 2. 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 | ## Benefits for Participants * **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](https://app.dem.exchange/rewards/carbon-credits), 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. ## FAQs 1. **How do I begin trading on Demex?** Demex requires [USDⒼ](https://guide.dem.exchange/welcome/what-is-usdg) 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: 1. Hold any supported USDC stablecoins within the USDⒼ basket. Check its constituents [here](https://scan.carbon.network/group?net=main). 2. Navigate to [Demex's deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), connect your preferred wallet and deposit the USDC.

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

3. 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. 2. **How do I earn points?** For every 1 USD of trading volume (including leverage) you earn 1 point. 3. **Can I join another crew after registering?** No, you can only register for one crew per Demex account for your participation throughout the competition. 4. **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. 5. **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. 6. **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. 7. **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. ## **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 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**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) 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. # Whalecome to Demex In light of the recent events affecting the Kujira community, Demex extends its support with a special promotion designed to help Kujira holders. ## Promotion Details Get $20 USDC when you register for our ongoing [Cosmos Trading Competition](https://app.dem.exchange/rewards/cosmos-trading-competition) and get up to $80 loss refund on your first [perp trade](https://app.dem.exchange/trade/BTC-PERP). ### Rewards * **$20 USDC**: Credited to your account at the end of the competition if you meet the criteria. * **Up to $80 Loss Refund**: Applied to your first trade to help mitigate potential losses. **Eligibility**: * Join the Kujira Crew in the [Cosmos trading competition](https://app.dem.exchange/rewards/cosmos-trading-competition) by [lending 90 KUJI or ampKUJI](https://app.dem.exchange/nitron/lend/kuji.kujira) * Trade at least $1,000 of perp volume on [any market](https://app.dem.exchange/trade/BTC-PERP) ### How to Participate 1. **Deposit KUJI**: Ensure you have KUJI tokens deposited on Demex, [click here to deposit](https://app.dem.exchange/account/balance/deposit/ibc/662914D0C1CEBCB070C68F061D035E8B10A07C79AB286E7342C85F3BE74612C5). 2. **Join the Cosmos Trading Competition**: Register in the ongoing [Cosmos trading competition](https://app.dem.exchange/rewards/cosmos-trading-competition). 3. **Trade**: [Trade](https://app.dem.exchange/trade/BTC-PERP) at least $1,000 of volume on any perp market during the competition period. ### More Incentives Coming Soon Stay tuned for additional incentives for the Kujira community. ### Terms & Conditions * Offer is valid from 02/08/2024 at 10AM UTC * Limited to the first 100 users who meet the criteria * In order to qualify, user needs to register before the end of the [cosmos trading competition](https://app.dem.exchange/rewards/cosmos-trading-competition) * Users found to be engaging in activities that Demex, in its sole discretion, determines to be abusive, fraudulent, or violating the spirit of the offer, may be disqualified from the promotion. This includes, but is not limited to: Creating multiple accounts to gain additional benefits. Engaging in wash trading, market manipulation, or any other activity that unfairly benefits from the promotion, using the platform in a manner that is not consistent with the terms and conditions of Demex. * Standard T\&C of the [Cosmos Trading Competition](https://guide.dem.exchange/demex-rewards/cosmos-trading-competition) applies. # DeFi & FOMO Points Booster From 5 - 19 August, 8am UTC, earn more points! Welcome to the DeFi & FOMO Points Booster promotion! From August 5th to August 19th, starting at 8 am UTC, earn boosted spins and surge ahead in the race for Demex Points.
## How to Earn Boosted Spins Here's how you can maximize your Spins for Points during this exciting promotion: ### **Perp Pool Deposits** Boost your spins by depositing into the [DeFi Perp Pool](https://app.dem.exchange/vaults/9/deposit) and [FOMO Perp Pool](https://app.dem.exchange/vaults/7/deposit)! Now, for every 1000 USDⒼ deposited, enjoy **double the spins** compared to regular deposits. | Perp Pool | Boost (Every 1000 USDⒼ Deposited) | | -------------- | --------------------------------- | | DeFi Perp Pool | 2x Spins/Week | | FOMO Perp Pool | 2x Spins/Week | ### **Perp Trading** Elevate your spin count by trading on the selected markets linked to the DeFi and FOMO Perp Pool! For every **$10,000** volume traded, get **3x spins** compared to 1x spins regularly. | Supported Markets for 3x Spins for every $10,000 volume | | ----------------------------------------------------------------- | | [BLUR-PERP](https://app.dem.exchange/trade/BLUR-PERP) | | [MEME-PERP](https://app.dem.exchange/trade/MEME-PERP) | | [WLD-PERP](https://app.dem.exchange/trade/WLD-PERP) | | [DOGE-PERP](https://app.dem.exchange/trade/DOGE-PERP) | | [WIF-PERP](https://app.dem.exchange/trade/WIF-PERP) | | [1000PEPE-PERP](https://app.dem.exchange/trade/1000PEPE-PERP) | | [TAO-PERP](https://app.dem.exchange/trade/TAO-PERP) | | [MEW-PERP](https://app.dem.exchange/trade/MEW-PERP) | | [1000000MOG-PERP](https://app.dem.exchange/trade/1000000MOG-PERP) | | [BRETT-PERP](https://app.dem.exchange/trade/BRETT-PERP) | | [1000FLOKI-PERP](https://app.dem.exchange/trade/1000FLOKI-PERP) | | [1000BONK-PERP](https://app.dem.exchange/trade/1000BONK-PERP) | | [POPCAT-PERP](https://app.dem.exchange/trade/POPCAT-PERP) | | [1000SHIB-PERP](https://app.dem.exchange/trade/1000SHIB-PERP) | | [SLERF-PERP](https://app.dem.exchange/trade/SLERF-PERP) | | [DEGEN-PERP](https://app.dem.exchange/trade/DEGEN-PERP) | | [ONDO-PERP](https://app.dem.exchange/trade/ONDO-PERP) | | [LDO-PERP](https://app.dem.exchange/trade/LDO-PERP) | | [MKR-PERP](https://app.dem.exchange/trade/MKR-PERP) | | [OM-PERP](https://app.dem.exchange/trade/OM-PERP) | | [ENS-PERP](https://app.dem.exchange/trade/ENS-PERP) | | [PENDLE-PERP](https://app.dem.exchange/trade/PENDLE-PERP) | | [ENA-PERP](https://app.dem.exchange/trade/ENA-PERP) | | [BLUR-PERP](https://app.dem.exchange/trade/BLUR-PERP) | # DeFi & Layer 1 Points Booster From August 22nd to September 5th, 8am UTC, earn more points! Welcome to the DeFi & Layer 1 Points Booster promotion! From August 22nd to September 5th, starting at 8 am UTC, earn boosted spins and surge ahead in the race for Demex Points.
## How to Earn Boosted Spins Here's how you can maximize your Spins for Points during this exciting promotion: ### **Perp Pool Deposits** Boost your spins by depositing into the [DeFi Perp Pool](https://app.dem.exchange/vaults/9/deposit) and [Layer 1 Perp Pool](https://app.dem.exchange/vaults/8/deposit)! Now, for every 1,000 USDⒼ deposited, enjoy **4x the spins** compared to regular deposits. | Perp Pool | Boost (Every 1000 USDⒼ Deposited) | | ----------------- | --------------------------------- | | DeFi Perp Pool | 4x Spins/Week | | Layer 1 Perp Pool | 4x Spins/Week | ### **Perp Trading** Elevate your spin count by trading on the selected markets linked to the DeFi and Layer 1 Perp Pool! For every **$10,000** volume traded, get 6**x the spins** compared to 1x spins regularly. * Supported Perp Markets: [NEO](https://app.dem.exchange/trade/NEO-PERP), [ZIL](https://app.dem.exchange/trade/ZIL-PERP), [TON](https://app.dem.exchange/trade/TON-PERP), [STX](https://app.dem.exchange/trade/STX-PERP), [BNB](https://app.dem.exchange/trade/BNB-PERP), [FTM](https://app.dem.exchange/trade/FTM-PERP), [CANTO](https://app.dem.exchange/trade/CANTO-PERP), [DOT](https://app.dem.exchange/trade/DOT-PERP), [BCH](https://app.dem.exchange/trade/BCH-PERP), [XRP](https://app.dem.exchange/trade/XRP-PERP), [ETC](https://app.dem.exchange/trade/ETC-PERP), [NEAR](https://app.dem.exchange/trade/NEAR-PERP), [ICP](https://app.dem.exchange/trade/ICP-PERP), [SUI](https://app.dem.exchange/trade/SUI-PERP), [APT](https://app.dem.exchange/trade/APT-PERP), [TRX](https://app.dem.exchange/trade/TRX-PERP), [BLUR](https://app.dem.exchange/trade/BLUR-PERP), [ENA](https://app.dem.exchange/trade/ENA-PERP), [PENDLE](https://app.dem.exchange/trade/PENDLE-PERP), [ENS](https://app.dem.exchange/trade/ENS-PERP), [OM](https://app.dem.exchange/trade/OM-PERP), [MKR](https://app.dem.exchange/trade/MKR-PERP), [LDO](https://app.dem.exchange/trade/LDO-PERP), [ONDO](https://app.dem.exchange/trade/ONDO-PERP), [AAVE](https://app.dem.exchange/trade/AAVE-PERP), [LINK](https://app.dem.exchange/trade/LINK-PERP), [CRV](https://app.dem.exchange/trade/CRV-PERP). # dATOM Lend and Trade Spins Promo From 27 Sep - 4 Oct, this is your opportunity to boost your Demex Points and get ahead! Welcome to the dATOM x Demex Point Lend and Trade Promo! Seize the chance to **earn three spins** to surge ahead in the race for Demex Points! ## Earn Three Spins To Unlock More Demex Points Participate in our promo and earn three free spins to open loot boxes containing valuable Demex points! ### How to Win 3 Loot Boxes 1. Deposit at least $100 in one of the following Nitron lending markets: * [dATOM](https://app.dem.exchange/nitron/lend/datom.neutron) * [dATOM-ATOM LP](https://app.dem.exchange/nitron/lend/ntrn-datom.neutron) * [dATOM-USDC LP](https://app.dem.exchange/nitron/lend/usdc-datom.neutron) * [dATOM-NTRN LP](https://app.dem.exchange/nitron/lend/ntrn-datom.neutron) 2. [Trade at least $100](https://app.dem.exchange/trade/BTC-PERP) worth of any perpetual market (includes leverage) Complete both steps to receive 3 free spins for loot boxes filled with Demex points! ## How to get dATOM LPs You can get dATOM LPs from Astroport (make sure "Stake LP Token for Additional Rewards" is off). Once you have provided the LP, you will receive an LP token which you can deposit into Demex. Astroport Links: * [dATOM-ATOM LP](https://app.astroport.fi/pools/neutron1yem82r0wf837lfkwvcu2zxlyds5qrzwkz8alvmg0apyrjthk64gqeq2e98/provide) * [dATOM-USDC LP](https://app.astroport.fi/pools/neutron1nfns3ck2ykrs0fknckrzd9728cyf77devuzernhwcwrdxw7ssk2s3tjf8r/provide) * [dATOM-NTRN LP](https://app.astroport.fi/pools/neutron1ke92yjl47eqy0mpgn9x4xups4szsm0ql6xhn4htw9zgn9wl5gm0quzh6ch/provide) ### Pro Tip Leverage can help you reach higher trading volumes more easily. Here's an example: 1. Deposit $100 dATOM 2. [Borrow $10 USD](https://app.dem.exchange/nitron/borrow/usd.native) 3. Use 10x leverage to open a $100 position By following this strategy, you can maximize your chances of winning while minimizing your initial investment. Don't miss out on this fantastic opportunity to boost your Demex Points! Start participating today! # Perp Pool Incentives with Leap Wallet In collaboration with Leap Wallet, Demex is excited to launch our new [perp pool incentives](https://guide.dem.exchange/earn/perpetual-liquidity-pools/perp-lp-incentives) feature, where you can earn incentives and other exciting rewards by depositing into our [perpetual pools](https://guide.dem.exchange/earn/perpetual-liquidity-pools) and staking CPLT tokens. Here’s everything you need to know to participate and maximize your rewards. ## **Promotion Period:** * Duration: 1 week, from September 19 to September 26, 2024. ### **How to Participate:** 1. **Deposit into Perpetual Pools:**\ During the promotional period, deposit a minimum of $500 USDC into one of the incentivized [perpetual pools](https://app.dem.exchange/pools/perp) on Demex. 2. **Stake CPLT Tokens:**\ Stake your CPLT tokens to earn SWTH incentives. Both the USDC deposit and CPLT staking must be completed to qualify for the promotion. 3. **Hold Your Balance**:\ Maintain the minimum balance of $500 USDC in the pool until the end of the promo period (September 26, 2024) and keep your CPLT tokens staked. 4. **Use Leap Wallet**:\ Ensure you're using Leap Wallet to participate. If you don’t have one, you can either: 1. [Create a New Leap Wallet](https://www.leapwallet.io/#download) 2. [Read this guide to import Your Keplr Wallet to Leap](https://www.leapwallet.io/blog/how-to-import-keplr-into-leap-wallet) Note: This promotion is exclusive to Leap Wallet users. Other wallets are not eligible. ## **Exclusive Spin Reward:** Eligible participants will receive 1 spin as a reward. Spins will be distributed within 7 days after the end of the promotion, once eligibility is verified. *** ## Terms and Conditions: 1. **Eligibility:**\ All current and new users are eligible to join this event. However, users from certain regions are ineligible (full details on restricted regions are available in the event FAQ). 2. **Participation:**\ To qualify, users must deposit [USD](https://guide.dem.exchange/welcome/what-is-usdg)[Ⓖ](https://guide.dem.exchange/welcome/what-is-usdg) into the incentivized perpetual pools and stake their CPLT tokens to earn SWTH incentives. Deposits and staking must be made during the promotion period. A minimum balance of $500 USDC must be held in the pools by the end of the promo period. 3. **Spin Distribution:**\ Each eligible user will receive 1 spin during the promotion, provided they meet the deposit and staking requirements. Spins will be distributed within 7 days after the end of the promotional period, following the verification of eligible addresses. 4. **Modification and Final Interpretation:**\ Demex reserves the right to amend the event's terms and conditions as needed to ensure fairness for all participants. This includes the right to disqualify fraudulent activity or to change any rules or guidelines.
# Welcome #BackToDemex Come back to Demex and trade to win up to 10 USD! The #BackToDemex campaign is an exclusive opportunity for 1,500 lucky traders who have previously traded on Demex. Participants can earn up to 10 USD by meeting specific trading requirements. ## How to Participate ### 1. Connect Your Wallet * Visit and connect your wallet. * Click on the Notification icon at the top right-hand corner, then click on the 'Promotions' tab. * If you see the announcement, you're eligible to participate! ### 2. Check Eligibility * Click on the notification to find all the details about your eligibility and the next steps. ### 3. Start Trading * To qualify for the bonus, trade a minimum of $1,000 worth of volume on any perpetual contracts within 7 days. * Note: There's no upfront reward. You'll earn as you trade and meet the requirements. ### 4. Track Your Progress * Keep an eye on your trading volume to ensure you meet the target within the specified time. ### 5. Claim Your Reward * If you successfully complete the challenge, you'll receive USD directly to your wallet. ### Campaign Duration * Start Date: 27 August 2024, 6:00 AM UTC * End Date: 3 September 2024, 6:00 AM UTC ### Need Help? If you have any questions or need assistance, feel free to reach out to our support team at ## Terms & Conditions ### 1. Eligibility * The challenge is only open to the 1,500 users who receive the notification. * Users must connect their wallet and confirm their eligibility through the Demex platform. ### 2. Trading Requirements * To earn the bonus, users must trade a minimum of $1,000 in volume on any perpetual contracts during the campaign period. * Only trades executed within the specified timeframe will count toward the trading volume. ### 3. Rewards * Users can earn up to 10 USD based on their trading volume. * Rewards are not provided upfront; they are earned after the trading requirements are met. ### 4. Campaign Duration * The challenge runs from 27 August 2024, 6:00 AM UTC to 3 September 2024, 6:00 AM UTC. * Trades outside this period will not be eligible. ### 5. General * Demex reserves the right to modify or cancel the campaign at any time without prior notice. * Any fraudulent activity or abuse of the campaign may result in disqualification. # milkTIA Lend and Trade Spins Promo From Oct 2 - Oct 9, 08:00UTC, this is your opportunity to boost your Demex Points and get ahead! Welcome to the milkTIA x Demex Point Lend and Trade Promo! Seize the chance to **earn three spins** to surge ahead in the race for Demex Points! ## Earn Three Spins To Unlock More Demex Points Participate in our promo and earn three free spins to open loot boxes containing valuable Demex points! ### How to Win 3 Loot Boxes 1. Deposit at least $100 of [milkTIA](https://app.dem.exchange/nitron/lend/milktia.osmosis) on Nitron 2. [Trade at least $100](https://app.dem.exchange/trade/BTC-PERP) worth of any perpetual market (includes leverage) Complete both steps to receive 3 free spins for loot boxes filled with Demex points! ## How to get milkTIA You can get milkTIA by swapping to it on Osmosis [here](https://app.osmosis.zone/?from=USDC\&sellOpen=false\&buyOpen=false\&to=milkTIA), or by staking TIA on Milkyway [here](https://app.milkyway.zone/). Once you have milkTIA, you can deposit it into Demex [here](https://app.dem.exchange/account/balance/deposit/ibc/16065EE5282C5217685C8F084FC44864C25C706AC37356B0D62811D50B96920F), and into Nitron [here](https://app.dem.exchange/nitron/lend/milktia.osmosis). ### Pro Tip Leverage can help you reach higher trading volumes more easily. Here's an example: 1. Deposit $100 milkTIA 2. [Borrow $10 USD](https://app.dem.exchange/nitron/borrow/usd.native) 3. Use 10x leverage to open a $100 position By following this strategy, you can maximize your chances of winning while minimizing your initial investment. Don't miss out on this fantastic opportunity to boost your Demex Points! Start participating today! # Loss Protection From September 10th to October 10th, 8am UTC, get loss protection on your trades! The Loss Protection Programme will help partially offset losses for traders when trading on perpetual markets on Demex, resulting in smaller losses and thus bigger potential winnings! ## Overview * **Purpose**: To reward traders who have incurred losses in perpetual markets. * **Reward Pool**: For traders who registered and subsequently placed a trade and incurred losses. * **Distribution Method**: The more you lose, the larger your share of the reward pool. * **Eligibility**: Open to all users who sign up and have lost money trading. * **Duration**: The promotion will run for 1 month from September 10th to October 10th, 8am UTC. * **Distribution:** Rebates will be sent to users manually after the promotion ends. ## How to Participate 1. **Join the Loss Protection Program**: Register [here](https://app.dem.exchange/rewards/loss-protection-programme). 2. **Trade**: [Trade](https://app.dem.exchange/trade/BTC-PERP) on any perp market during the programme period. ## How It Works ### Scenario A: Total Losses < Reward Pool If the total losses incurred by all registered users are less than the value of the reward pool: * All users will receive a full rebate of their losses. ### Scenario B: Total Losses > Reward Pool If the total losses incurred by all registered users exceed the value of the reward pool: * Rebates will be distributed pro-rata. * Users will receive a partial rebate proportional to their losses. #### **Example:** * Reward Pool: $2,000 * User A's loss: $1,000 * User B's loss: $3,000 * Total losses: $4,000 * User A receives: 1000/4000\*2000 = $500 * User B receives 3000/4000\*2000 = $1,500 ## **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. * All current and new users are eligible to join this event. However, users located in these [**regions**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) are ineligible to participate in this event. * 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. # STRD Lend and Trade Spins Promo From 10 Oct - 17 Oct 8AM UTC, this is your opportunity to boost your Demex Points and get ahead! Welcome to the STRD x Demex Point Lend and Trade Promo! Seize the chance to **earn three spins** to surge ahead in the race for Demex Points! ## Earn Three Spins To Unlock More Demex Points Participate in our promo and earn three free spins to open loot boxes containing valuable Demex points! ### How to Win 3 Loot Boxes 1. Deposit at least $100 in one of the following Nitron lending markets: * [STRD](https://app.dem.exchange/nitron/lend/strd.stride) * [stTIA](https://app.dem.exchange/nitron/lend/sttia.stride) * [stOSMO](https://app.dem.exchange/nitron/lend/stosmo.stride) * [stDYM](https://app.dem.exchange/nitron/lend/stdym.osmosis) * [stSAGA](https://app.dem.exchange/nitron/lend/stsaga.stride) * [stDYDX](https://app.dem.exchange/nitron/lend/stdydx.stride) * [stATOM](https://app.dem.exchange/nitron/lend/statom.stride) * [stINJ](https://app.dem.exchange/nitron/lend/stinj.stride) 2. [Trade at least $100](https://app.dem.exchange/trade/BTC-PERP) worth of any perpetual market (includes leverage) Complete both steps to receive 3 free spins for loot boxes filled with Demex points! ## How to get stAssets You can get stAssets from Stride, which you can then deposit into Demex. * Stride's website: [https://app.stride.zone](https://app.stride.zone/) * Deposit page: ### Pro Tip Leverage can help you reach higher trading volumes more easily. Here's an example: 1. Deposit $100 STRD 2. [Borrow $10 USD](https://app.dem.exchange/nitron/borrow/usd.native) 3. Use 10x leverage to open a $100 position By following this strategy, you can maximize your chances of winning while minimizing your initial investment. Don't miss out on this fantastic opportunity to boost your Demex Points! Start participating today! # Meme Traders Arena From 14 Oct to 25 Oct 8AM UTC, be the best memecoin trader on Demex and win attractive prizes! Welcome to the Demex Memecoin Trading Arena! This exciting trading competition is designed to showcase Demex as the premier platform for trading memecoins. With our extensive liquidity and diverse memecoin markets, we're inviting traders to demonstrate their skills and potentially win amazing prizes. ### How to Participate 1. [Register ](https://app.dem.exchange/rewards/memecoin-trading-competition)for the competition. 2. [Start trading](https://app.dem.exchange/lite/DOGE-PERP) eligible memecoins perp markets on Demex. 3. [Share](https://guide.dem.exchange/community/tradenshare) at least one PNL position on X during the competition. **Eligible perp markets:** * [![DOGE](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/DOGE.svg)DOGE](https://app.dem.exchange/lite/DOGE-PERP) * [![KPEPE](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/KPEPE.svg)1000PEPE](https://app.dem.exchange/lite/1000PEPE-PERP) * [![WIF](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/WIF.svg)WIF](https://app.dem.exchange/lite/WIF-PERP) * [![MEW](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/MEW.svg)MEW](https://app.dem.exchange/lite/MEW-PERP) * [![KBONK](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/KBONK.svg)1000BONK](https://app.dem.exchange/lite/1000BONK-PERP) * [![NEIROETH](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/NEIROETH.svg)NEIROETH](https://app.dem.exchange/lite/NEIROETH-PERP) * [![MMOG](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/MMOG.svg)1MMOG](https://app.dem.exchange/lite/1MMOG-PERP) * [![POPCAT](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/POPCAT.svg)POPCAT](https://app.dem.exchange/lite/POPCAT-PERP) * ![KFLOKI](https://raw.githubusercontent.com/Switcheo/token-icons/main/tokens/KFLOKI.svg)[1000FLOKI](https://app.dem.exchange/lite/1000FLOKI-PERP) Note: Trading can be done in either lite or pro mode, both will count towards your realized PNL. ### Competition Mechanics * Achieve the highest **realized PNL** (Profit and Loss) from trading the above memecoin perps. * **Realized PNL** means that the position has to be closed. **Unrealized PNL will not be counted**. * Only **realized PNL** from the designated memecoin markets count towards your competition PNL. * Participants must share at least one memecoin trade position on Twitter to be eligible for prizes. * Make sure to connect your X so we can verify. Learn how to connect your X account [here](https://guide.dem.exchange/trade/trading-profile/user-profile#profile-settings). ### Rewards and Prizes Total Prize Pool: $1,000 | Rank | Prize Amount | | -------- | ------------ | | 1st | $300 | | 2nd | $200 | | 3rd | $150 | | 4th-10th | $50 each | ## **New to Demex? Here's how to begin trading on Demex.** Demex requires [USDⒼ](https://guide.dem.exchange/welcome/what-is-usdg) as margin for perpetual trading. USDⒼ is effectively USDC, it is backed 1:1 by redeemable USDC from multiple networks (Osmosis, Ethereum, Noble, Arbitrum, etc). \ Follow these steps to deposit USDC onto Demex and start your trading journey: 1. Hold any supported USDC stablecoins within the USDⒼ basket. Check its constituents [here](https://scan.carbon.network/group?net=main). 2. Go to [Demex's deposit page](https://app.dem.exchange/account/balance/deposit/cgt/1), connect your preferred wallet and deposit USDC.

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

3. 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](https://app.dem.exchange/trade/ETH-PERP). ## **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 14 October 08:00AM UTC to 25 October 08:00AM UTC. * All current and new users are eligible to join this event. However, users located in these [**regions**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) are ineligible to participate in this event. * Only realized PNL that happened after registering (within the event duration) will be counted. * Only orders filled on eligible perpetual markets during the event duration are counted. For example, an order opened before the event’s start date but filled after the event starts (and after you have registered) will still be counted. * Prizes will be airdropped to winners to 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. # Loss Protection Oct-Nov Trade fearlessly between 28 Oct - 13 Nov and have reduced losses with Demex's Loss Protection! The Loss Protection Programme will help partially offset losses for traders when trading on perpetual markets on Demex, resulting in smaller losses and thus bigger potential winnings! ## Overview * **Purpose**: To reward traders who have incurred losses in perpetual markets. * **Reward Pool**: For traders who registered and subsequently placed a trade and incurred losses. * **Distribution Method**: The more you lose, the larger your share of the reward pool. * **Eligibility**: Open to all users who sign up and have lost money trading. * **Duration**: The promotion will run for 1 month from October 29th to November 13th, 8am UTC. * **Distribution:** Rebates will be sent to users manually after the promotion ends. ## How to Participate 1. **Join the Loss Protection Program**: Register [here](https://app.dem.exchange/rewards/loss-protection-programme). 2. **Trade**: [Trade](https://app.dem.exchange/trade/BTC-PERP) on any perp market during the programme period. ## How It Works ### Scenario A: Total Losses < Reward Pool If the total losses incurred by all registered users are less than the value of the reward pool: * All users will receive a full rebate of their losses. ### Scenario B: Total Losses > Reward Pool If the total losses incurred by all registered users exceed the value of the reward pool: * Rebates will be distributed pro-rata. * Users will receive a partial rebate proportional to their losses. #### **Example:** * Reward Pool: $1,500 * User A's loss: $1,000 * User B's loss: $3,000 * Total losses: $4,000 * User A receives: $1000 / $4000 \* reward pool = $375 * User B receives $3000 / $4000 \* reward pool = $1,125 ## **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. * All current and new users are eligible to join this event. However, users located in these [**regions**](https://guide.dem.exchange/technical/terms-and-conditions#4.-restricted-locations) are ineligible to participate in this event. * 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. --- [Next Page](/llms-full.txt/1)