Trading Competition - Launch
To celebrate the launch of Flex Perpetuals, we’re hosting two week-long trading competitions with a total prize pool of $45,000+ in USDC & esFDX!
🔥 First competition kicks off on Feb 19th at 4PM UTC. 📅 The second competition date will be announced soon!
This prize pool is on top of our Trade 2 Earn program (FTC), offering even more esFDX incentives for traders. Don’t miss out—trade, earn, and win big! 🚀 Check out the details here: Trade 2 Earn
🏆 Competition Structure
Each competition lasts 1 week, with two separate leaderboards:
Notional Volume Leaderboard – Rewards traders with the highest total trading volume.
Best PnL % Leaderboard – Rewards the traders with the highest percentage gains relative to their account size.
Competition 1: 📅 Week 1: Feb 19th (4 PM UTC) - Feb 26th (4 PM UTC) 💰 Total Prize Pool: $7,500 USDC + 3,750 esFDX (~$15K value)
Competition 2: 📅 Week 2: Dates TBC 💰 Total Prize Pool: $7,500 USDC + 3,750 esFDX (~$15K value)
🏅 Leaderboard Prizes
1️⃣ Notional Volume Leaderboard ($5,000 USDC + 2,500 esFDX per week)
Top 5 traders by total trading volume win:
🥇 1st Place
2,500
1,250
🥈 2nd Place
1,500
750
🥉 3rd Place
500
250
🏅 4th Place
300
150
🏅 5th Place
200
100
2️⃣ Best PnL % Leaderboard ($2,500 USDC + 1,250 esFDX per week)
Top 4 traders with the highest % PnL win:
🥇 1st Place
1,250
625
🥈 2nd Place
750
375
🥉 3rd Place
300
150
🏅 4th Place
200
100
🎉 Bonus Raffle: Instead of a 5th place winner, we will randomly select one trader who traded at least $10K in volume during the week to win $200 USDC + 100 esFDX!
How to Participate?
🔄 Trade on Flex Perpetuals during the competition period. 📊 Get ranked on one or both leaderboards (Notional Volume & % PnL). 💰 Win big! The more you trade, the higher your chances of winning!
📍 No sign-ups required – just trade & climb the ranks! 📊 Leaderboard updates will be shared throughout the competition.
Competition Rules
Competition Duration
Each competition runs for 1 week, from 4 PM UTC on start date to 4 PM UTC on end date.
You do not need to sign up – all trades on Flex Perpetuals during the competition period automatically count.
Trading & Position Rules
Only positions opened after the competition period begins will count. Open trades from before the start do not qualify.
Profits are counted from all positions, including:
Fully closed positions
Partially closed positions
Open positions at the end of the competition (snapshot taken at 4 PM UTC on the final day)
PnL is calculated in USD, net of all trading fees.
PnL across all sub-accounts linked to a wallet will be combined.
🌟 PnL % Leaderboard Calculation
The % Return will be calculated using:
🔢 % Return = (Total PnL) / (Adjusted Collateral Value)
Where: 📈 Adjusted Collateral Value = Initial Collateral at the start of the competition + Any deposits made during the competition
💡 A minimum Adjusted Collateral Value of $100 is required to qualify for this category.
⚠️ Fair Play & Disqualification
Manipulation to influence leaderboard rankings will result in disqualification.
The Flex Perpetuals team reserves the right to disqualify any trader at their sole discretion if unfair trading activity is detected.
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