Announcing: the year-end #GMXRush Avalanche Trading Contest, with a $150,000 prize pool
The second GMX Avalanche Rush contest starts on Friday! End the year with a bang: claim your profile on gmx.house and take part in the tournament. Traders who achieve the Highest ROI (%) or Highest Profit stand to win 150,000 USD in prizes!
The competition runs for two weeks, from 16 until 30 December.
Prizes:
This second #GMXRush Avalanche Trading Contest will have two leaderboard categories, and an even bigger prize pool. The aim is to give traders of all portfolio sizes a fair chance to win big:
Category 1: Highest ROI (%)
1st Highest P&L(%): 2200 AVAX
2nd Highest P&L(%): 1100 AVAX
3rd Highest P&L(%): 550 AVAX
4th-18th Highest P&L(%): 110 AVAX
TOTAL: 5500 AVAX (~$75.000)
Category 2: Highest Profit
1st Highest Notional P&L: 2750 AVAX
2nd Highest Notional P&L: 1650 AVAX
3rd Highest Notional P&L: 1100 AVAX
TOTAL: 5500 AVAX (~$75.000)
Highest ROI (%)
ROI (%) is defined as: Profits / Max Collateral * 100
Profits meaning: Sum of all realized and unrealized profits and losses, including open positions at the deadline
Max Collateral meaning: Total collateral used in positions at once, deducting any profits earned on it.
Highest Notional P&L
Highest Notional P&L is defined as: Profits
Profits meaning: Sum of all realized and unrealized profits and losses, including open positions at the deadline.
Rules
This second #GMXRUSH trading contest starts on December 16, 12:00 UTC, and runs until December 30, 12:00 UTC, only on Avalanche
Only trades opened and closed on GMX within the competition date range will count toward the competition statistics
In order to qualify for any prizes, please claim your profile on the GMX Leaderboard at gmx.house
Profits are counted on partially or fully closed positions, including the value of open positions at the contest deadline
Max Collateral is the total collateral used for all open positions at once. Profits earned, and reusing collateral from your prior trades during the competition to reinvest in opening new positions, will not increase your max collateral. The minimum Max Collateral used for calculations will be $1000
Max Collateral, Profit, and Loss will be calculated in USD
A trader can collect prizes in both categories: P&L(%) and Notional P&L
If you are trading directly with the GMX Contracts, trades should be possible based on the interface at app.gmx.io
Funders of the competition reserve the right to disqualify any address at their sole discretion
To Trade on GMX
Follow this guide to begin trading on GMX: https://gmxio.gitbook.io/gmx/trading
To Claim your Profile
Click on the “…” icon at the top right of https://www.gmx.house/avalanche/leaderboard
Click on Connect Metamask or Wallet-Connect to connect your wallet
Click on your account, then click “Claim account”
Key in your Twitter handle (or ENS), then click “Sign & Post” to confirm
To View the Rankings
Top RoI: https://www.gmx.house/
Top Profit: https://www.gmx.house/
Connect with us
Website: https://gmx.io/
Twitter: https://twitter.com/GMX_IO
Telegram: https://t.me/GMX_IO
Announcements: https://t.me/GMX_Announcements
Discord: https://discord.gg/H5PeQru3Aa
Github: https://github.com/gmx-io
Disclaimer
The information, content, and materials provided here are for general informational purposes only and do not constitute financial or investment advice, nor a legally binding agreement.
Note that discussions and voting involving contributors may occur on GMX DAO social media platforms, but contributors are independent actors, and nothing discussed or proposed should be understood as an obligation for an individual contributor to act.
Please conduct your own research and consult with appropriate professionals before making any decisions based on the information provided on this website.