FTX DeFi Trading Competition

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Competition homepage: https://ftx.com/competitions/defi

Competition Telegram channel: https://t.me/FTX_Competitions_Official

Dates

  • Sign-up date: Join at any time prior to or during the competition period!
  • Competition period: 12:00 PM HKT 22nd July - 12:00 PM HKT 29th July

 

Competition Rules

  • You can transfer funds into your competition subaccount at any time, but can only trade once the competition begins.
  • You may transfer in any collateral type. There is no deposit maximum. At any time before, or during the competition, you may freely deposit or withdraw funds from the competition subaccount.
  • Traders will be ranked at the end of the competition, based on the total volume generated (in USD) during the competition.
  • To compete, log in to your DEFI Competition subaccount (go to Subaccounts and select DEFI Competition) and trade variation of the following markets (Perp/Sep Fut/LTs/Spot):
    • BAL
    • DEFI
    • COMP
    • cUSDT
    • MKR
    • KNC
    • TOMO
  • Users can only trade on this sub account after the commencement of the competition at 12:00 PM HKT, July 22, 2020.

 

Prizes

Top Volume Prizes:

  • 1st Place:  $5,000 in assorted DEFI coins
  • 2nd Place: $2,500 in assorted DEFI coins
  • 3rd Place:  $1,000 in assorted DEFI coins
  • 4th - 10th Place:  $500 in assorted DEFI coins each
  • 11th - 20th Place: $200 in assorted DEFI coins each
  • 21st - 30th Place: $100 in Assorted DEFI coins each
  • 31st - 50th Place: $50 in Assorted DeFi coins each
  • 51st - 100th Place: $20 FTX Line of Credit each

 

*Prize winners will be emailed within 7 days of the conclusion of the competition. Assorted DeFi coins will be a basket/collection of coins from sponsors such as KNC, TOMO and RUNE. An FTX Line of Credit is a trading bonus that can be used as collateral for trades, but may not be withdrawn however profits derived from the FTX Line of Credit may be withdrawn.

 

Full Prize Breakdown

                                                Prizes       KNC     RUNE      TOMO     COMP       MKR    
1st 1 1000 2000 2000  0
2nd 1 500 1000 1000  0
3rd 1 400 300 300  0
4th - 10th 6 100 0 0 200 200
11th - 20th 10 40 0 0 160  0
21st - 30th 10 30 0 0 50 20
31st - 50th 20 20 0 0 20 10

*Prizes are denoted in $ terms, not number of tokens

Conditions

  • All participants agree to abide by the FTX Terms of Service.
  • Any participants found violating the FTX Terms of Service will be removed from the competition.
  • All rewards will be distributed to FTX accounts within 10 days upon the completion of the competition.
  • FTX reserves the right to amend the Terms and Conditions of this competition without prior notice.
  • Multiple entrants from a single trader is strictly prohibited and will result in disqualification

 

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