Dexalot Trading Cup Round Three:

Published by AVAX on

Squad Up!

Dexalot’s subnet release candidate is just around the corner and we can’t wait to show off what’s in store. We have one last round of competitive trading designed to prepare you for trading live on the forthcoming subnet. Whether you are trading based on individual utility or trade actively, we have a new incentivized team-building competition and trading contest for you! This new round will include special member incentives PLUS our largest prize ever, 10k $ALOT! Only one team will take home the winnings. The rules have changed, but the formula remains the same; join a team, collect your mock tokens, trade and WIN. #Trade2theSubnet

The Highlights

  • Prize: 10k $ALOT
  • Date: January 2023
  • Trade-pair: mWETH.e /mUSDC
  • Base token distribution: To all entrants
  • Participants: Unlimited
  • Team Ranking: Sum of team members’ Dexalot Incentive Program (DIP) scores
  • Winner: Team with the largest total aggregate team score (prize to be evenly distributed to all team members)
  • Team Tiers: Create team incentives that scale with team size

Team Tiers

  • At least 5 members:
    – members will receive 5 times the base token distribution amount;
    – teams will receive a private Discord role and channel.
  • At least 10 members:
    – members will receive 10 times the base token distribution amount;
    – teams will receive a private Discord role and channel,
    – and a unique team profile picture (PFP).
  • At least 30 members:
    – members will receive 30 times the base token distribution amount;
    – teams will receive a private Discord role and channel,
    – a unique team profile picture (PFP),
    – and a shoutout on Dexalot’s INTHECLOB on Twitch.

The Rules

  • The contest will be held on The Dexalot Subnet Release Candidate.
  • You will be trading mock mWETH.e/mUSDC, pegged to real WETH.e and USDC, respectively.
  • You will receive ~0.75 mWETH.e /1,000 mUSDC as a base token distribution amount multiplied by your team tier number (5,10 or 30) in your Dexalot portfolio. This will be your starting token distribution amount for trading. The actual amount mWETH.e will be $1,000 worth at the time of distribution.
  • You can not withdraw your tokens from the portfolio.
  • You may trade manually by entering your orders directly.
  • You may trade by writing a program to trade for you.
  • There are no restrictions on how or when you trade.
  • You may obtain mock ALOT to use as transactional gas from the Avalanche faucet.
  • A team must have at least 5 members.
  • You may create trading strategies with other team members.
  • The team with the largest aggregate DIP score for all team members will be the winner.
  • The prize will be divided equally among all members of the winning team who actively traded.

Get Ready

  • Connect your wallet to The Dexalot Subnet Release Candidate.
  • Learn how to use The Dexalot Subnet.
  • Watch an Introduction to the Subnet with Ethan Tutorial.
  • Obtain 2 mock ALOT for gas from the Avalanche Faucet:
    -Select Network — Fuji(C-Chain);
    -Select Token — Dexalot Token(ALOT);
    -Add your address and request 2 mock ALOT.
  • Learn how to deposit mock ALOT to the Subnet.
  • Learn how to switch from the Mainnet to the Subnet.
  • Learn how to add mock ALOT to your gas tank.
  • Learn how to trade in the Subnet.

Team Formation

  • To lead a team fill out this form: (DTCRound3TL). Please have a team name, your Discord username, your email address and an Avalanche C-chain wallet address available.
  • Prepare to recruit members to your team…
  • Join Dexalot’s Discord and take the next steps towards establishing a winning team.

Author: Brad McFall

Editor: Dan Marcoulis

Graphics: Can Toygar

About Dexalot:

Dexalot is a revolutionary decentralized exchange bringing the traditional centralized exchange look and feel to a decentralized on-chain application. Its mission is to bring a truly inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk. It is built on Avalanche, the fastest smart contracts platform in the blockchain industry.

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Dexalot Trading Cup Round Three: was originally published in Dexalot on Medium, where people are continuing the conversation by highlighting and responding to this story.


Categories: DEFI_NEWS