Blast Off: KTX’s Dencun Surge! 💥
Celebrating the successful Dencun Upgrade deployment
Hey Rexys, to celebrate the successful deployment of the Dencun Upgrade of Ethereum, we’re shipping to you another mega KTX Trading Event! But this time we’re going to be hosting it on all 3 chains we’re deployed on, all at once. The competitive heat is just getting started and stakes are now higher with a $100K Prize Pot up for grabs. Read on for more details before heading over to KTX.Finance start trading👇
Competition Rules
This competition will last for two weeks, across 2 Epochs:
Epoch 1: 21 March 2024 0000hrs to 27 March 2024 2359hrs GMT+8
Epoch 2: 28 March 2024 0000H to 4 April 2024 0000H GMT+8
The prize pot rewards will be categorized into two pools, mainly:
1. Scalping Prize Pool -> Total Trading Volume
Users’ prize will be calculated as such and trading activity on either of the three chains (Arbitrum, Mantle and BNB Chain). It important to note that if a wallet address interacts with multiple chains, we will use the chain data with the most interactions for sorting.
For example, if a wallet address has $5M in trading volume on Mantle and $6M trading volume on Arbitrum, we will use Arbitrum’s data for prize calculations.
2. Top Profit and Loss (“P&L”) Pool -> Notional value of P&L in USD
Only realized profits and losses will be counted. Please note that if a wallet address interacts with multiple chains, we will use the chain data with the most interactions for sorting.
For e.g. If a wallet address has a profit of $10,000 in Mantle and $20,000 in Arbitrum, we will use Arbitrum’s data for consideration
On top of this $KTC stakers are also in luck! We will be boosting our $esKTC emissions by 25,000 $esKTC per epoch! Also don’t forget the many utilities of $KTC, trading discounts! Staking $KTC now gives you both additional $esKTC yield and discounts off trading costs. Now that’s something you can’t fade…
Prize Rewards & Distribution
The total prize pool is a whopping USD100k Prize Pool consisting of both 50K USDC and 50,000 $esKTC.
Current market price of $KTC = $1.07
With that, we are excited to kickoff our second major trading event and look forward to seeing you succeed in your trades. May the markets be in your favor!
