Terra Trading Competition: $200,000 UST in Rewards!

LUNA/UST spot and perpetual markets recently went live Injective. Now the LUNAtic community is launching a trading competition for UST markets on Injective!

Here is how you can qualify to share $200,000 UST in prizes

• Deposit a minimum of $100 worth of UST to Injective
• Trade a minimum of $500 worth of the LUNA spot or perpetual market

That’s all there is to it!

Start Trading on Injective: Link

The competition starts on January 11, 2021 at 18:00 UTC and ends on January 25, 2022 at 18:00 UTC. The trading competition is sponsored and funded by Terra.

Reward Calculations

• Volume: $125,000 in rewards will be split amongst users based on the effective real volume they contribute

The reward for each qualified user = (Each user’s total effective trading volume / Total effective trading volume) * $200,000 in UST

• Notional Value: $75,000 in rewards will be split amongst the top 20 users based on the notional value of positions that they hold

Random snapshots will be taken every 10 minutes to track positions held by user! Users with the top 20 average largest positions at the end of the competition will split the prize

Here is a quick guide on how to bridge UST and trade on Injective

Note: The Injective community reserves the right in its sole discretion to amend or change or cancel this event at any time and for any reasons without prior notice. In addition, any participant taking part in malicious trading activities such as wash trading will be ineligible to receive rewards.

About Injective

Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.

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