ONTO Wallet
Published in

ONTO Wallet

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:

  1. Download ONTO Wallet;
  2. Export the private key of your BSC address in ONTO;
  3. Import the private key into MetaMask on a PC;
  4. Add BSC-Testnet in Metamask. See tutorial;
  5. Open Deri Testnet;
  6. Claim BNB test tokens or other tokens under the tab “Faucet” on the Deri Testnet;
  7. Start trading;
  8. 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.

For further details, questions, or comments, follow us on Twitter, join our Telegram or contact us.

--

--

--

A self-sovereign data wallet that manages your own digital identities, data, and assets

Recommended from Medium

Deeper Introduction To Ferrum Network

11Minutes have launched their beta game with Polygon Studios in preparation for their upcoming…

BlockTalks x The ESP Project AMA Transcript!

Rapper’s NFT disspears from Opensea for attempting to launder $4.5 Billion.

Rapper's NFT disspears from Opensea for attempting to launder $4.5 Billion.

3 reasons Bitcoin has rallied over 60% in just two months

Bitcoin mining is 10,000x less Profitable than Micro-mining

LIEN Token Metrics

Discounts or Rewards: Which to Choose When It Comes to Traveling?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The ONTO Team

The ONTO Team

Self-sovereign data wallet Contact us: contact@onto.app Download ONTO: https://onto.app

More from Medium

ONTO and Spartan Protocol Team Up For a Staking Campaign with $3,000 up for Grabs!

Everything that investors need to know about DxLaunch

Apply for Listing & Farm on WingSwap

Kickstart Your Klaytn Journey With Krystal (New Chain Supported)