ApeXers, you might have heard that we've recently partnered with Burrito Wallet in a big partnership to bring greater wallet options to our growing global trading community. With big partnerships come great events, and we're thrilled to reveal what's been under wraps — the ApeX x Burrito Trading Fiesta, where you'll definitely want to grab a bite out of the big burrito wrap stuffed with up to 10,000 USDC in rewards.
From May 24, 2023, 3PM UTC to June 11, 2023, 2:59PM UTC, ApeX Pro will be serving up the best of burritos to traders in the lead of this trading challenge.
Eligibility:
All users who have a Burrito Wallet and have a minimum of 100 USDC in net assets on ApeX Pro from this wallet
Non-Burrito Wallet users in Korea and have a minimum of 100 USDC in net assets on ApeX Pro from any wallet
🌯 The rules of the challenge are simple. All participants need to do is join the trading fiesta while registration is open, beginning May 24, 2023, 3PM UTC. The more participants we have, the bigger the reward tier unlocked!
Challengers will have to trade their way up the leaderboard while ensuring that they have reached a minimum of $10,000 worth in trading volume. Winners will be determined by their final individual P&L(%) during the trading challenge period, which officially begins on May 28, 2023, 3PM UTC.
The top 10 traders will get to have their bite of the big burrito wrap!
🌯 There's no time to waste —be a part of the ApeX x Burrito Trading Fiesta today.
Terms & Conditions:
The final results will be shown on the main event page once confirmed. All rankings are not final, until confirmed by a result announcement displayed on every participant's ranking page.
The award will be credited to the top winners in terms of individual P&L(%), and it will be based on the total number of participants and the unlocked prize pool. If two contestants have the same P&L(%), the user with the higher total trading volume will be selected for priority ranking.
Individual P&L(%) is calculated as Profit / (Initial Net Value in account + Sum of Effective Deposits) during the competition period). Effective Deposits = Eligible Deposits * (time span between deposit time and the end of the competition / total time span of the competition, where time is calculated in hours). Eligible Deposits = The sum of all deposits during the competition period, including on-chain transfers, swaps under Trade-to-Earn, airdrops, referral or affiliate commission transfers, bonuses, or any activity that results in USDC earnings. Please check the main event page for more details.
Participants' trading volume must be ≥ $10,000 during the competition period for them to be eligible to receive any rewards.
Award is only eligible for Burrito Wallet users globally and non-Burrito Wallet users in Korea (including Metamask, Bybit Web3 Wallet, etc.). Users outside of Korea using wallets other than Burrito Wallet will not be eligible for the reward.
Rewards will be made available for claiming 20 working days from the result announcement; winners will be able to make withdrawals upon receiving the award.
If the user does not claim their reward within 14 days from the day it is available for claims, their reward will be forfeited.