KLAYswap Long/Short Position Deposit Trading Event

-A total of $3,000 worth of KSP is given out as gifts!
-It’s a chance to win the event just by depositing!

Event pre-registration ▶

* Applications for events are registered for both Events 1 and 2.

[Event 1] Weekly Position Trading Event

25 users who made a $250 or more position deposit during the event will be drawn every week to receive 10 KSP.

● Event pre-registration period
2022.10.28 ~ 2022.11.1 16:00 (UTC+9)
Event pre-registration ▶

● Event schedule (UTC+9)

● Reward Airdrop Date
After 2022.12.7 (UTC+9)

● Event Rules

1) Methodology for counting position deposit size:

When a position is opened, the position size including leverage is added cumulatively to the USD conversion price.

Ex) When Long position is opened with Deposit of 100 USDT, and Leverage x3:
→ position size is recorded at approximately $300.
→ Deposit of 100 USDT are not included in the position deposit size.

2) Position Counting Period:

By each round, the number of positions that were open during the designated event period is added up. The position sizes in every round will be accounted for separately and will not be added together.

Ex) A user with a cumulative position size of $300 during the first round and $100 during the second round will be included in the first event’s lottery, but not the second event.

▶ Guide to Position Deposits (English)

※ Remark
- The event will take place four times in one week. You must register for the event in order to participate.
- Make sure your wallet supports Klaytn chain and KSP token when applying for the event.
- To be considered for the draw, the cumulative position size must be over $250 for each event period.
- Snapshot times will be assigned at random on drawing day.
- The USD conversion price is calculated using the Price Oracle used by KLAYswap.
- You may be disqualified if your participation in the event was fraudulent.
- Depending on the progress, the event schedule may be adjusted or terminated early.

[Event 2] Long/Short Position Return Event

The TOP 5 depositors with the highest cumulative returns over $250 will receive a gift during the event period.

● Event pre-registration period
2022.10.28 ~ 2022.11.1 16:00 (UTC+9)
Event pre-registration ▶

● Event Period
2022.11.2 ~ 2022.11.29 10:00 (UTC+9)

● Winners Announcement
2022.12.2 (UTC+9)

● Reward Airdrop Date
After 2022.12.7 (UTC+9)

● Reward

● Event Rules

1) Methodology for counting position deposit size:

When a position is opened, the position size including leverage is added cumulatively to the USD conversion price.

Ex) When Long position is opened with Deposit of 100 USDT, and Leverage x3:
→ position size is recorded at approximately $300.
→ Deposit of 100 USDT are not included in the position deposit size.

2) Methodology for counting returns:

Event winners will be determined by the highest cumulative return for positions during the event period.
All assets, profits, and deposits are expressed in USD equivalent.

※ Cumulative Position Return (%) = { ( position total return ) ÷ deposited assets at position opening } × 100

The size of position revenue is calculated based on PNL which is a sum of ‘ Realized Revenue + Unrealized Revenue’ during the event period.

① Realized Return: Amount of PNLs settled at the end of position during the event period.
② Unrealized Return: Amount of opening position’s PNL at the end of the event(2022.11.29 10:00 UTC+9).

PNL($) = Net Assets Received at the closing of Position — Deposited Assets at Opening of Position
※ Net assets are assets that users can receive after returning all utilized assets.
※ KSP interest income received by depositing positions is not included in PNL counting.

3) Position Counting Period:

Positions opened during the specified event period are added up.
A position’s number of openings and removes during the event period has no effect on the record.

▶ Guide to Position Deposits (English)

※ Remark
- You must register for the event in order to participate.
- Make sure your wallet supports Klaytn chain and KSP token when applying for the event.
- To be considered for the draw, the cumulative position size must be over $250 for each event period.
- Snapshot times will be assigned at random on drawing day.
- The USD conversion price is calculated using the Price Oracle used by KLAYswap.
- You may be disqualified if your participation in the event was fraudulent.
- Depending on the progress, the event schedule may be adjusted or terminated early.

[Official sites & communities]

• KLAYswap: https://klayswap.com
• KLAYswap Twitter: https://twitter.com/klayswap
• KLAYswap Telegram: https://t.me/KLAYswapofficial
• KLAYswap Discord: https://discord.gg/KLAYswap
• KLAYstation: https://klaystation.io
• Orbit Chain: https://orbitchain.io
• Orbit Bridge: https://bridge.orbitchain.io
• Meshswap: https://meshswap.fi