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0๏ธโƒฃPre-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 doesnโ€™t matter ๐Ÿ˜‰).

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.

Division 4
Division 3
Division 2
Division 1

Title

Spawn

Mutant

Abomination

Leviathan

% Volume

P20

P40

P60

P90

Top 80%

Top 60%

Top 40%

Top 10%

Edge case: If there arenโ€™t enough traders, letโ€™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)

Achievement
Reward
Details

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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