The GMX Avalanche Rush contest is back for a second edition, beginning on Friday! As the year winds down, join in the fun and register your profile on gmx.house to enter the tournament. The traders with the Highest Return of Investment (ROI) or Highest Profit can win up to 150,000 USD in prizes! This two week competition starts from 16th December until 30th December.
Prizes:
Category 1: Highest ROI (%)
- 1st Highest P&L(%): 2200 AVAX
- 2nd Highest P&L(%): 1100 AVAX
- 3rd Highest P&L(%): 550 AVAX
- 4th-18th Highest P&L(%): 110 AVAX
Category 2: Highest Profit
- 1st Highest Notional P&L: 2750 AVAX
- 2nd Highest Notional P&L: 1650 AVAX
- 3rd Highest Notional P&L: 1100 AVAX
Highest ROI (%)
ROI (%) is defined as: Profits / Max Collateral * 100
Profits meaning: Sum of all realized and unrealized profits and losses, including open positions at the deadline
Max Collateral meaning: Total collateral used in positions at once, deducting any profits earned on it.
Highest Notional P&L
Highest Notional P&L is defined as: Profits
Profits meaning: Sum of all realized and unrealized profits and losses, including open positions at the deadline.
Rules
- This second #GMXRUSH trading contest starts on December 16, 12:00 UTC, and runs until December 30, 12:00 UTC, only on Avalanche
- Only trades opened and closed on GMX within the competition date range will count toward the competition statistics
- In order to qualify for any prizes, please claim your profile on the GMX Leaderboard at gmx.house
- Profits are counted on partially or fully closed positions, including the value of open positions at the contest deadline
- Max Collateral is the total collateral used for all open positions at once. Profits earned, and reusing collateral from your prior trades during the competition to reinvest in opening new positions, will not increase your max collateral. The minimum Max Collateral used for calculations will be $1000
- Max Collateral, Profit, and Loss will be calculated in USD
- A trader can collect prizes in both categories: P&L(%) and Notional P&L
- If you are trading directly with the GMX Contracts, trades should be possible based on the interface at app.gmx.io
- Funders of the competition reserve the right to disqualify any address at their sole discretion
To Trade on GMX
https://gmxio.gitbook.io/gmx/trading
To Claim your Profile
- Click on the “…” icon at the top right of https://www.gmx.house/avalanche/leaderboard
- Click on Connect Metamask or Wallet-Connect to connect your wallet
- Click on your account, then click “Claim account”
- Key in your Twitter handle (or ENS), then click “Sign & Post” to confirm
To View the Rankings
- Top RoI: https://www.gmx.house/
- Top Profit: https://www.gmx.house/
