ONTO and Deri Protocol Team Up for a 10,000 DERI Trading Campaign!
ONTO is excited to host a 10,000 DERI trading campaign with Deri Protocol, the first decentralized exchange providing both everlasting options and perpetual futures on BNB Chain!
Are you looking for a chance to hone your trading skills without risking your real money, but rather, making some? Then this trading campaign is just the thing for you! Together with Deri Protocol, ONTO is offering 10,000 DERI to help you get started with crypto trading!
Practice to Earn
The Deri demo Testnet allows traders to dive deeper into the Deri Protocol DPMM trading mechanism, and by using test tokens for demo trading, this practice-to-earn event is an excellent opportunity for first-timers to learn how to trade crypto via ONTO Wallet without putting in their real digital assets. Plus, demo trading on the Deri Testnet is perfectly safe! Let’s get started!
To be eligible for the big prize, please follow the rules below.
Event Period: Mar. 1st 9:00 (UTC) — Mar. 8th 9:00 (UTC)
Prize Pool: 10,000 DERI
Event Tasks:
- Download ONTO Wallet;
- Export the private key of your BSC address in ONTO;
- Import the private key into MetaMask on a PC;
- Add BSC-Testnet in Metamask. See tutorial;
- Open Deri Testnet;
- Claim BNB test tokens or other tokens under the tab “Faucet” on the Deri Testnet;
- Start trading;
- Check your daily P&L rankings on the Leaderboard to keep tabs on where you stand.
Get started now with this step-by-step tutorial!
How Rewards Are Calculated
The Top 50 winners ranked by P&L Percentage will share out 10,000 DERI. Each winner can get 200 DERI.
A trader’s P&L percentage (%) is calculated in the formula:
P&L Percentage(%) = (Dynamic Effective Balance / Margin)-1
Notes:
1) REMEMBER, only ONTO Wallet users are eligible for the bonus distribution. You must import your ONTO’s BNB Chain address into MetaMask on a PC first. Download ONTO now.
2) All ONTO users can participate, but each ONT ID/device is counted only once.
3) Daily P&L rankings will be updated on the Testnet Leaderboard, but the final rankings are subject to change after we double-check that all are eligible ONTO addresses.
4) ONTO Mythical NFT holders will be able to earn an extra 5 ONG bonus on top of the event rewards for this activity. ONTO Infinium NFT holders will earn a 20% extra bonus above the Deri event rewards, a maximum of 10 ONG each time.
5) Rewards will be distributed within 7 working days after the end of the event.
6) The ONTO team and the Deri team reserve the right to interpret the above event at their sole discretion.
About Deri Protocol
Deri Protocol = (Perpetual Futures + Everlasting Options) x Decentralized.
Deri Protocol is the DeFi way to trade derivatives: to hedge, to speculate, to arbitrage, all on chain. With Deri Protocol, trades are executed under AMM paradigm and positions are tokenized as NFTs, highly composable with other DeFi projects. Having provided an on-chain mechanism to exchange risk exposures precisely and capital-efficiently, Deri Protocol has minted one of the most important blocks of the DeFi infrastructure.
About ONTO Wallet
ONTO is a DID-based gateway for a seamless Web3 experience. The best all-in-one option for securely managing your identities, data, and digital assets, ONTO allows you to manage your crypto assets (including NFTs), perform cross-chain swaps, readily access a variety of dApps, and learn everything important in real time via ONTO news feed.
With ONTO Wallet, users can create an ONT ID, a decentralized digital identity that enables one-click multi-chain wallet address creation and management and fully protects their private data through an encryption algorithm. Users worldwide can download ONTO Wallet now via onto.app or their mobile app store. Desktop users can also install ONTO Web Wallet for web browsers.
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