1. What is the Battle of Perps?
Battle of Perps (BoP) is the first paper perpetual trading competition on AshPerp.
Mock trade your way, Win real prizes! 🏁
All participants start with the same number of buy-in tokens: 10,000 $bpUSD. Your trading skills are the key to climbing up the leaderboard. As you’ll be mock trading, it’s completely risk-free.
Not great at trading? No problem! We’ve got plenty of other activities where you can win some awesome prizes. Scroll down to learn more.
2. Battle Time
Early-bird Registration:
- 09:00 AM UTC November 27, 2023–23:59 PM UTC December 11, 2023
- A $1,000 lucky draw will be distributed to 100 early-bird participants. ($10/each)
- Join early here: https://bop.ashswap.io/info
The Battle Duration:
- 08:00 AM UTC December 12, 2023–08:00 AM UTC January 12, 2024 (1 month)
- You can always register to join at any time during BoP. Just keep in mind that joining early gives you some strategic perks you won’t want to miss.
Total Prize Pool:
- Main Prize Pool = $10,000 (50% in $ASH and 50% in $USDC) + Total Registration Fees
Registration Fees: All collected registration fees will be added to the main prize after the competition ends and distributed as per the winning allocation.
- Bonus rewards: +$1,000 and +26,000 ASH. Find more details in Section 6.
3. How to Join?
Step 1: Register and get your bpUSD
- Click “JOIN NOW” at https://bop.ashswap.io/info or connect your wallet and register for buy-in tokens at https://bop.ashswap.io/
- Registration fee: 10 USDC.
- You’ll receive an initial capital amount of 10,000 bpUSD (buy-in USD only used in BoP)
- Each wallet is limited to a one-time registration. If you’re entirely liquidated during the battle, you can use another wallet to re-register.
Step 2: Now, it’s time to race, traders! Let’s try your best to maximize your net profits!
- Trading pairs: All available trading pairs on AshPerp.
Step 3: Join the Referral Program — The More, The Merrier.
Don’t just trade alone! Bring your friends to BoP to earn rebates and win prizes in the Referral Program. Plus, your friends will get a 10% discount on trading fees.
Please note that your invitees must trade in BoP to be counted as qualified ref
Here’s how to invite friends:
- Option 1: Copy or save your PnL card and share it on social media to invite people to join BoP through your referral code.
- Option 2: Click on the shareable link in the Referral tab to auto-post on your Twitter.
4. How to Win?
There are 2 leaderboards in The Battle of Perps: The Trading Leaderboard (for Trading Competition) and The Referral Leaderboard (for Referral program)
Check your ranking at: https://bop.ashswap.io/analytics
The Trading Leaderboard
Here’s the leaderboard for our traders. Your trading rank will depend on your Net PnL.
Net PnL: the realized PnL of all your trades during the BoP.
The Referral Leaderboard
This is the leaderboard for the Referral Program.
Your referral rank on the Referral Leaderboard depends on the total number of referrals using your referral codes to trade in BoP, with the accumulated rebates being a tie-breaker.
Your referrer tier will be reset weekly. Make sure you maintain a high tier to earn more rebates.
You can claim your rebates anytime.
Take a look at the table below to grasp how much rebates you will receive based on your tier, and how to level up.
5. Prize Distribution
Rewards will be given in $USDC and $ASH. We’ll confirm the final reward after the event, which includes $11,500 and all the registration fees collected.
- Prize Pool for Trading Leaderboard: Min. $10,000 and NFT Whitelists
- Prize Pool for Referrer Leaderboard: Fixed $1,500
AshSwap NFTs will be airdropped to the BoP winners’ wallets when we officially launch the NFTs. (*AshSwap NFTs are used on AshPerp Mainnet for trading fees and spread discounts)
The prize distribution is as follows:
For Traders
For Referrers
6. Side Events
During BoP, you can join our side events to bring home more lucky rewards.
7. Terms and Conditions
- Transferring bpUSD between wallets is considered a fraudulent act. All involved parties will be immediately disqualified from the competition. If you unexpectedly receive these tokens from someone else, don’t use them. Instead, please send all those tokens to this address within 48 hours to burn them: erd18lrnxq60643y2jyphzu9597ay2j256n92ap8w48zjjqlgm6f8eeq4w4myj
- Rebates earned from active referrals can be topped up to the initial capital and used to trade during the BoP.
- Limits on trading:
- 3 trades/pair/wallet
- Maximum Stop Loss: 80%.
- Maximum Take Profit: 900%.
- Leverage: min x2, max x100.
- Minimum position size: 1,000 bpUSD.
- Maximum position size: 100,000 bpUSD.
4. Please note that once someone uses your referral link, we can’t remove them. Also, they won’t be able to change their referrer.
5. Rewards will be distributed to your wallets within 2 weeks after the end of the BoP.
6. All BoP data (rankings, referrals, rebate tiers,…) will be reset after the event ends.
7. AshSwap team reserves the right to cancel or amend the event rules with sole discretion.
8. AshSwap team reserves the right to the final interpretation of the results of these events.
Are you ready to battle, Bulls and Bears?
🔥 Register NOW: https://bop.ashswap.io/info
Follow us on Twitter and Telegram Channel not to miss any updates! Join AshPerp trading community on Discord.
About Us
AshSwap is the first stable-swap AMM DEX and Auto-Concentrated Liquidity on MultiversX to provide a new approach to liquidity pool design that helps enhance yields and reduce slippage. With our top-notch features, our vision is to become the one-stop DeFi Hub on MultiversX.
AshPerp is a decentralized perpetual trading platform on the MultiversX network, developed as a DeFi module of AshSwap. It offers high-leverage trading (up to 100x), supports various asset pairs, and aims to meet the demand for decentralized futures trading on MultiversX.
