A JOE/USDC Trading Competition
Starting this week, register and trade on our JOE-USDC exchange for a chance to win thousands in $AVAX and POAP prizes, including a random raffle. Pre-register now.
To celebrate the launch of our v4.1 update allowing us to list any tokens atop any AMM, starting with Trader Joe’s JOE and Avalanche’s native AVAX token, we’re giving traders another reason to be excited about our new listings — a trading competition for JOE/USDC. Here’s a quick run down of the prizes and how we calculate the rankings:
Winner tiers based on P&L:
- $7k in $AVAX 🥇
- $2k in $AVAX 🥈
- $1k in $AVAX 🥉
Raffle specifics:
- $1k in $AVAX randomly sent to a non-winning registered user who opened a position 🏆
We have POAPs for early registrants, all participants and superlatives, but like the AVAX rewards above, you must be registered in order to be eligible to receive prizes.
How we calculate the rankings:
- Your score is based on your P&L (Profit and Loss) across the whole competition period.
- We count how much money you brought in during the competition, and how much money you took out. At the end of the competition, we evaluate your open position, if any, and interpret it as if you have closed and withdrawn the full position value.
- Your score is basically ‘money out’ / ‘money in’.
- If you have an open position at the start of the competition, we record the value of this position as if it were closed on the start date and time. This is considered as your initial ‘money in’ value. Otherwise, your initial ‘money in’ value is zero.
- If you withdraw and then add some money back in later, we do not count those as “new” money. We instead subtract this amount from your ‘money out’, and only add to your ‘money in’ after your ‘money out’ becomes zero.
So, how do you register and get started?
First, check out the full Rules and Terms and Conditions. Here’s a quick TL;DR breakdown:
- Pre-registration: Tuesday, May 24th, 11:00am PST
Head to the #🐸registration channel in our Discord and click the ‘Register’ button below the message to acknowledge the terms and receive a link via DM to the registration page. If you’re unsure about anything, please post in our #scam-reporting channel and we’ll be happy to double check the link and account. Phishers posing as our bot may try and get you to click another link — be vigilant!
- Competition starts: Thursday, May 26th, 11:00am PST
You can still register the day the competition starts if you haven’t already.
Open a trade on the JOE/USDC exchange: x.futureswap.com/joeannounce
Keep an eye on your position on the leaderboard: https://app.futureswap.com/competition
Chat with us and other traders in the #🏆trading-competition Discord channel and on Twitter
- Competition ends: Thursday, June 2nd, 11:00am PST.
Prize distribution: Friday, June 3rd
Keep those DMs open so we can share POAP redemption links!
On-chain funds will be sent to the winners’ addresses associated with their $JOE trades
As this is our first trading competition, feel free to send us feedback. We look forward to hosting more of these in the future, especially as we continue to onboard new pairs and trading strategies.
Good luck! 🤞
Connect
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