docs/testnet-trading-competition.md

Testnet Trading Competition

Start date: January 30, 2023

Duration: 2 Weeks

Rules:

• Get your trading funds from the Uniwhale Testnet Faucet page.
• No registration or KYC required to participate in the competition. Simply use the Uniwhale Testnet.
• There will be a number of trading sessions over the two weeks and you can participate in as many as you like.
• Each trading session lasts 48 hours, with the starting time of each session announced on Discord.
• You will be a winner for a trading session, if your session ROE (net PnL over margin used) is in the top 3!

Rewards:

• The first-placed winner receives 50U.
• The second-placed winner receives 30U.
• The third-placed winner receives 20U.
• The winners will receive airdrop boosts at the Uniwhale Mainnet Airdrop Event.
• The winners will also receive the Uniwhale Genesis Pass whitelist.
• If two addresses have the same ROE, the address with higher trading volume ranks higher.

Rewards and Announcement Time:

• Start Time + 48 hours = End Time
  Please note only those trades opened after Start Time will count.
  All open position will be automatically closed at End Time.
• After each trading session, we will announce the session results together with the new session time on the Discord Announcement channel and distribute rewards.
• The winners’ airdrop boost points will be automatically accumulated on the Airdrop Dashboard (coming soon).
• The winners can claim NFT whitelist on Discord. Please note the whitelist can be claimed only once.