Amplify Your Ampls — AMPL Trading Competition

Bitfinex
Bitfinex
Jul 8 · 3 min read

To celebrate the successful Ampleforth token sale on Tokinex and subsequent listing, Bitfinex and Ethfinex are launching a trading competition, with 20,000 AMPL tokens up for grabs.

Ampleforth is a synthetic commodity money with a unique elastic supply protocol. AMPL supply expands or contracts in response to its price deviating from a 1 USD target. Once per day at 8pm UTC, the amount of AMPL tokens within traders’ wallets (exchange or private) increases or decreases pro-rata depending on the price deviation of AMPL from 1 USD.

Competition Start: Wednesday 10th July 12pm UTC

Competition End: Wednesday 31st July 12 PM UTC

To participate, traders must hold an average of at least 50 AMPL tokens in their Bitfinex or Ethfinex exchange wallet over the duration of the competition. Traders will then be ranked in order of trading volume, with the top 100 traders being eligible for the following prizes:

Users that rank in the top 100 will receive the following:

Position 1–5: 800 AMPL;

Position 6–10: 400 AMPL;

Position 11–20: 300 AMPL;

Position 21–50: 200 AMPL;

Position 51–100: 100 AMPL.

As a reminder, Ethfinex and Bitfinex are currently offering zero percentage maker trading fees for all AMPL pairs until 27th September 2019 (three months after AMPL listed.)

Rankings will be displayed on the Bitfinex blog weekly during the competition with the individual usernames obfuscated for privacy reasons. The final leaderboard will be announced within 3 working days after the competition ends and prizes distributed within one week.

Rules

  1. Competition Start: Wednesday 10th July 12PM UTC
  2. Competition End: Wednesday 31st July 12 PM UTC
  3. Participants must hold at least 50 AMPL tokens in a Bitfinex or Ethfinex exchange wallet throughout the duration of the competition;
  4. Participants agree traders will be ranked in order of trading volume, with the top 100 traders being eligible for the following prizes:

Position 1–5: 800 AMPL;

Position 6–10: 400 AMPL;

Position 11–20: 300 AMPL;

Position 21–50: 200 AMPL;

Position 51–100: 100 AMPL.

5. Eligible volume includes all trades (maker and taker volume) using the Ethfinex & Bitfinex UI or API across the AMPL/USD and AMPL/USDT pairs;

6. Participants agree that eligible volume will not include volume that a Participant executes with themselves;

7. Participants are notified and agree that AMPL/USD and AMPL/USDT order books on Ethfinex are shared with the order books on Bitfinex;

8. Participants are in their trading activity on Ethfinex at all times subject to the Ethfinex terms of service;

9. Participants are in their trading activity on Bitfinex at all times subject to Bitfinex terms of service;

10. In the event of any discrepancy between these rules and either the Ethfinex terms of service or the Bitfinex terms of service the provisions of the relevant Ethfinex or Bitfinex terms of service shall prevail;

11. Ethfinex & Bitfinex shall decide a trader’s eligibility to participate at their absolute discretion;

12. Ethfinex & Bitfinex reserve the right to disqualify any person who is known or suspected to be cheating or violating any provision of these rules or the relevant terms of service;

13. Residents of the following countries are not permitted to participate in this trading competition: Cuba, Pakistan, North Korea (DPKR), Iran, Syria, Ukraine (Crimea), USA, Canada, Venezuela, Ethiopia, Iraq, Serbia, Sri Lanka ,Syria, Trinidad & Tobago, Tunisia, Vanuatu, Yemen

Risk Reminder

Trading digital assets comes with high risks due to huge price fluctuations. Before entering this competition, please have a full understanding of all the risks involved in trading digital assets and be prudent of your own investment decisions.

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