Flamingo Perp Trading Competition Announcement
🦩Flamingo Perp Trading Competition is coming!
Perp is a vAMM-based perpetual contract exchange protocol where users can trade perpetual contracts of crypto assets with up to 5x leverage without the need for liquidity provision.
As on-chain perpetual contract exchange is still a relative new concept, the development team has carried out extensive testing and optimizing for the system. The team would like to apologize for the delays and thank everyone in the community for the continued support and understanding.
With the Perp Trading Competition, the team is inviting the community to comprehensively test the robustness of the protocol, and provide valuable feedback on the user experience before the official launch. The competition will be held on the MainNet to ensure the consistency of network environments.
📅 Competition Period
Jan 8th 2021 10:00 UTC — Jan 22nd 2021 10:00 UTC
🙋How to Apply
1. Join Flamingo’s Discord group.
2. Application link will be published in the group announcement channel.
3. Application is open until Jan 14th 2021 10:00 UTC.
All successful applicants will each be air-dropped with 10,000 TestUSD to their submitted NEO addresses. (NeoLine wallet extension will be used for this competition)
All traders will be ranked by realized PNL as the competition ends, and top-ranking traders will receive corresponding prizes:
· Rank 1: 20,000 FLM * 1
· Rank 2–4: 10,000 FLM *3
· Rank 5–9: 4,000 FLM * 5
· Rank 10–39: 1,000 FLM *30
· Transferring of TestUSD between addresses will invalidate both addresses for rankings and prizes.
· The final ranking will be generated based on realized PNL, any unrealized PNL will not be taken into account. Thus, traders need to close all positions before the competition ends.
· The team reserves the right to invalidate addresses with fraud or abnormal behaviors during the competition.