PairEx, a decentralized perpetual futures exchange built on the Arbitrum network, announced today its Beta Trading Competition offering a prize pool of up to $8888 in ARB and PEX tokens.
According to the PairEx team, the competition will be a live event run from April 3, 2023, to April 11, 2023. During this period, traders will compete with other traders getting the opportunity to showcase their trading skills to win lucrative rewards.
The top trader will receive $4,000, the equivalent of PEX*, and 888 USD equivalent of ARB. For the 2nd-10th place, these traders will share 1,800 USD equivalent of PEX. The 11th-50th place will share 1,600 USD equivalent of PEX while the 51st-100th place will share 600 USD equivalent of PEX. In addition to the prize pool, eligible participants will also have the opportunity to receive a mystery NFT.
For the competition, traders must trade BTCUSDT or ETHSUDT perpetual swap trading pairs on the PairEx.io platform. To qualify for the prize pool, traders must have a minimum accumulative trading volume of 50,000 USDT. They should also have conducted at least 20 trades, including open and closed positions. Traders should also have a profitable wallet address that reflects their net accumulative profit and loss for the completion period. Other requirements include following PairEx on Twitter to get any updates on the event.
While commenting on the competition, the PairEx team explained:
“We are thrilled to introduce PairEx.io to the trading community through our beta trading competition. Our platform offers a truly decentralized and transparent trading environment with cutting-edge features such as zero slippage, low transaction fees, and high leverage. We invite traders to join our beta test, provide feedback, and help us shape the future of perpetual trading.”
Since its launch, PairEx has offered unparalleled performance, scalability, and speed. The platform is best known for offering zero spread and zero slippage, with transaction fees as low as 0.08%. The team behind the project sought to create a platform where crypto traders can get premium trading experience with up to 100x leverage.
PairEx offers its users a secure and safe environment through its Peer-to-Pool model that helps utilize vaults to provide liquidity for contract transactions. PairEx is backed by quotes from Chainlink’s oracles that ensure high transparency and reliability. Also, the platform has a unique tokenomics system that offers its community different benefits, including discounted trading fees, rewards, access to exclusive services, and governance.