Pre-Season: Awakening
Adrena's first trading competition. A 6 week long competition that is an intro to the upcoming recurring trading seasons. Starting November 11th and ending December 23rd.
Goals
increase user base (specifically traders)
increase platform activity (specifically trading volume)
propose a fun and rewarding event
Monitoring
In app live leaderboards will let you situate yourself against the competition
Our usual database/chain activity ingestors/processors
Design (Division)
This event was designed to include as many traders as possible (Size doesn’t matter 😉).
There will be 4 separate divisions. You'll be qualifying for a given division based on your total trading volume during the 6 week event. You will move up and down the leaderboards depending on how you compare to other traders. The total trading volume is calculated by adding 'open position', 'increase position', and 'close position' values.
Trade volume for the competition is only counted for trades that have CLOSED. Positions that are held open will not count towards your division or rank in the competition.
e.g. If there are 100 traders and you had the 50th highest trading volume, you would be placed in the Mutant tier (top 60%).
e.g. If you open a $100k position and close it your total trading volume would be $200k.
Title
Spawn
Mutant
Abomination
Leviathan
% Volume
P20
P40
P60
P90
Top 80%
Top 60%
Top 40%
Top 10%
Edge case: If there aren’t enough traders, let’s say total participating traders == 50, then p90 would only be 5 traders. In that instance we would take the first 10 people by volume to fill the first division. All rewards are distributed as long as there are 40 participants.
Rewards (Rank)
The following rewards will be given to participants at the end of the 6 week event, based on ranking. Ranking is decided by your cumulative total volume over the course of the 6 week competition period.
e.g. If you open and close a $100k position in week 1 and open and close a $200k position in week 6, your cumulative total volume would be $300k which would dictate your rank.
Bracket
Division 4 (Spawn)
Division 3 (Mutant)
Division 2 (Abomination)
Division 1 (Leviathan)
Diamond
Rank 1
40k ADX 400 JTO
80k ADX 800 JTO
160k ADX 1,600 JTO
320k ADX 3,200 JTO
Gold
Rank 2
30k ADX 300 JTO
60k ADX 600 JTO
120k ADX 1,200 JTO
240k ADX 2,400 JTO
Silver
Rank 3
20k ADX 200 JTO
40k ADX 400 JTO
80k ADX 800 JTO
160k ADX 1,600 JTO
Bronze
Rank 4-10
5k ADX 50 JTO
10k ADX 100 JTO
20k ADX 200 JTO
40k ADX 400 JTO
Iron
remainder
-
-
-
-
Worst PnL
10k ADX 62.5 JTO
10k ADX 62.5 JTO
10k ADX 62.5 JTO
10k ADX 62.5 JTO
Total ADX emissions
40k + 30k + 20k + (7*5k) + 10k = 135k
80k + 60k + 40k + (7*10k) + 10k = 260k
160k + 120k + 80k + (7*20k) + 10k = 510k
320k + 240k + 160k + (7*40k) + 10k = 1.01M
Total JTO rewards
400 + 300 + 200 + (50 * 7) + 62.5 = 1,312.5
800 + 600 + 400 + (100 * 7) + 62.5 = 2,562.5
1,600 + 1,200 + 800 + (200 * 7) + 62.5 = 5,062.5
3,200 + 2,400 + 1,600 + (400 * 7) + 62.5 = 10,062.5
Total ADX emissions: 135k + 260k + 510k + 1.01M = 1.915M ADX
Total JTO rewards: 1,312.5 + 2,562.5 + 5,062.5 + 10,062.5 = 19,000 JTO
Additionally, participants will receive a commemorative profile badge based on their performances.
There will be one badge per division, and variations based on your rank. In total 20 variations.
For example: If you ranked 1st in the Leviathan Division, you would receive a Diamond Leviathan badge in addition to your ADX rewards.
All participants in the top 80% volume will receive a badge.
The badge will be purely cosmetic, goal is to showcase your trading performances on your trader profile on site.
Weekly Rewards (achievements)
Biggest liquidation
10k ADX
Top Degen
10k ADX
biggest PnL on 100x init. leverage
Fees Prize
10K ADX
For each $50 in fees paid over the weekly period you'll get one entry. At the end of each week one entry will be selected randomly as the winner
Jito Prize (sponsored)
1k JTO
For each $100k in trading volume on Sol over the weekly period you'll get one entry. At the end of each week one entry will be selected randomly as the winner
Total ADX emissions weekly = 6 (weeks) * 30k = 180k
Total ADX rewards: 1.01M + 180k = 2.095M ADX
Total JTO rewards: 19k +6k = 25k JTO
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