20,000 $ARB Up for Grabs! Passage Mainnet Trading Competition
Take part in our first ever Mainnet Trading Competition on Passage! Bragging rights are up for grabs, as well as a 20,000 $ARB prize pool!
We saw over 450 volatility traders battle it out during the testnet trading competition, so it only made sense to raise the stakes for Passage Mainnet. Everything is kicking off on January 4th, 2024, giving traders the opportunity to compete for their ranking on the PnL leaderboard.
TL:DR
- Competition runs from January 4th to February 1st, 2024 at 15:00 UTC
- The total prize pool will increase proportionally with the total Passage trading volume with a maximum rewards pool of 20,000 ARB tokens
- Your PnL score is based on all trades executed within this period
- Bracket NFT holders will receive a % boost based on specific NFTs they hold at the time of competition sign up. More details below.
- Sign up for updates on the Trading Competition Page
Big Volume = Big Prizes
More volume = more prizes, so let your fellow traders know that it’s time to find out who holds the volatility crown. The prize pool starts off at 5k $ARB, doubling when trading volume hits the $5M mark, and doubling again at the $10M mark for a maximum pool of 20k $ARB.
The top 5 traders at the end of the competition period will receive prizes. Payout will occur within 7 days after the end of the competition.
NFT Boost: WEN UTILITY?!
Wen? Now. To reward some of our most loyal and longstanding community members, Bracket NFT holders will receive a PnL score multiplier based on their NFT holding
- OG, Den of Dragons = 10% multiplier
- Diamond, Claw Crunch, Rex Rampage = 7% multiplier
- Black, Trees of Terror, Robots Rebellion = 5% multiplier
- Gold = 3% multiplier
- Silver = 1% multiplier
The multiplier is applied at the end of the competition, for example, a trader with a 200 PnL score who holds a Den of Dragons would be boosted to 220. Only the highest multiplier a wallet qualifies for will be used, no double boosts. Be sure to sign up and trade with the same wallet where your NFT is held to qualify. NFT ownership will be checked at the start of the competition, so feel free to acquire one prior to January 4th if you want to qualify.
Bracket Badgers Assemble!
With 3 more weeks until launch, we’re beyond excited to see what traders will be able to do with Passage. It’s the most straightforward way to long or short volatility, and as we find ourselves on the precipice of a bull market there’s plenty of opportunity to make plays either way. See you on January 4th, and make sure to sign up for the trading competition here!
Additional Terms and Conditions
- All users should enter their email and username on the competition page to successfully register for the Trading Competition
- Trading volume will be based on executed trades, not order volume on ARB mainnet for BTC and ETH Passage
- The trading period runs from Jan 4th 2024 through Feb 1st 2024 at 15:00 UTC. ARB prizes will be distributed within 7 days after the promotion ends
- Bracket reserves the right to disqualify any traders that are deemed to be wash trades, self-dealing or market manipulation
- Bracket reserves the right at any time in its sole and absolute discretion to determine and / or amend or vary these Promotion Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this trading competition, it’s eligibility terms and criteria, the selection and number of winners and the timing of any act to be done. All users shall be bound by these amendments
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Passage Documentation: https://bracket-labs.gitbook.io/bracket-labs/bracketx/passage
