Meshswap Long/Short Margin Trading Event

Meshswap
Meshswap
Published in
3 min readJan 6, 2023

Total $1,000 USDT Prize Pool!
Participate in both events for a chance to WIN!

[Event 1] Be The Master of Meshswap Long/Short Margin Trading

The TOP 3 total position return rates among users who have deposited assets of $250 or more during the event period will be given airdrops.
☞ Guide to Long/Short Margin Trading

● Event Period
January 9th (Mon) 3:00 — February 6th (Mon) 2:59, 2023 (UTC)
※ No event registration is required

● Snapshot Date
February 6th (Mon) 3:00, 2023 (UTC)

● Winners Announcement & Airdrop
After February 8th (Wed), 2023 (UTC)

● Rewards
1st Prize:
$400 USDT
2nd Prize: $300 USDT
3rd Prize: $200 USDT

● Event rules

1. Methodology for counting position size:

a. When a position is opened, the position size including leverage is added cumulatively to the USD($) conversion price.
b. Deposited assets are not included in the position size.
c. The sum of recorded deposited assets during the event period should be $250 or more.

e.g. When the long position is opened with a deposit of 100 USDT, Leverage ×3:
→ Deposited asset is recorded at approximately $100(=100 USDT)
→ Position size is recorded at approximately $300 (=100 USDT leveraged x3)
→ Deposit of 100 USDT is not included in the position size.

2. Methodology for counting returns:

a. Event winners will be determined by the highest ‘Total position return rate’ for positions during the event period.
b. All assets, profits, and deposits are expressed in USD equivalent.
c. MESH interest income received by depositing positions is not included in PNL(Profit and Loss) counting.
d. A position’s number of openings and removal during the event period has no effect on the record.

* Total position return rate(%) = (Sum of position returns ÷ Sum of deposited assets at position opening) × 100
* Sum of position returns($) = Sum of Realized returns + Unrealized returns
* Realized returns: Confirmed Profit and Loss when closing a position within the event period
* Unrealized returns: Profit and loss of positions held at the time of the snapshot

● Remark
* Make sure your wallet supports the Polygon network.
* The USD conversion price is calculated using the Price Oracle used by Meshswap.
* Fraudulent participation may result in disqualification.
* Depending on the progress, the event schedule may be adjusted or terminated early.

[Event 2] Give Your Meshswap Long/Short Ideas That Will Go Viral

A total of 2 users who write various promotions for Meshswap long/short margin trading on the blog (any forms of the blog are accepted) during the event will be selected and the airdrop will be distributed.
☞ Participate the event

● Event Period
January 9th (Mon) 3:00 — February 6th (Mon) 2:59, 2023 (UTC)

● Winners Announcement & Airdrop
After February 8th (Wed), 2023 (UTC)

● Rewards
$50 USDT each, 2 Random Winners

● Event rules
1. Complete all Gleam missions.
* Point: The more posts you submit, the higher your chances of winning!
2. Submit your crypto wallet address at the end of the mission.
3. Winners will be drawn and announced on the Meshswap community channels below.
Discord | Telegram | Twitter
4. Reward will be automatically airdropped to winners’ wallets.

● Remark
* Make sure your wallet supports the Polygon network.
* Only blog posts created within the event period will be accepted.
* Fraudulent participation may result in disqualification.
* Depending on the progress, the event schedule may be adjusted or terminated early.

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Meshswap
Meshswap

On the liquidity mesh, earn more with your crypto