To celebrate the exponential rise in volumes on FIN over the last few weeks, we will be kicking off with Kujira’s very first FIN Trading Competition. The competition will begin at 15:00 UTC 22nd August 2022, and run until 15:00 UTC 29th August 2022.
A complete guide to bridging axlUSDC and trading on FIN can be found here.
Table of contents
https://winkhub.app/posts/50k-usk-fin-trading-competition
Prize breakdown
There is a total of 50,000 USK up for grabs, split between 10 places. See this WinkHUB article to learn more about the USK stablecoin.
The prize breakdown is as follows 👇
- 1st Place: 24,500 USK
- 2nd Place: 12,250 USK
- 3rd Place: 7,375 USK
- 4th-10th Place: 839.29 USK each
Competition mechanics
The competition will be based on your trading performance throughout the week, and it takes into account your start balance, end balance and deposits.
Profit = end balance − (start balance + deposits)
Performance = Profit / (start balance + deposits)
It’s this performance total above that will be used to pick the 10 winners.
Here is an example 👇
Let’s say you have an ending balance of $3000 axlUSDC.
Your starting balance was $1200.
You made $500 of deposits.
Your profit is $3000 − ($1200 + $500) = $1300.
Performance is $1300 / ($1200 + $500) = 76% Profit.
Competition rules
- Please use a fresh Kujira wallet and ensure that you a minimum of 1000 USDC worth of assets in wallet at start of competition at 15:00 UTC 22nd August 2022. We will use Coin Gecko’s historical pricing for each balance at the beginning and the end, so everyone will be treated exactly the same with regards to any price movements.
- Please ensure that you have some KUJI in your wallet for fees.
- After the competition closes at 15:00 UTC 29th August 2022, you will have 1 week to submit the Kujira address that you used to trade with on this form https://forms.gle/Skcte23CAXFbyZU98. It’s very important that you don’t miss this step.
- Winners will be announced a few days after the competition closes, and the USK will be paid out shortly after USK minting is live on BLUE.
Happy trading and good luck 🤝
