Sign up on TIDE from September 26th

Intro

nftperp** plans to introduce the first-ever DEX where you can long and short trade NFT floor prices are finally coming to fruition!**

As they gear up for their mainnet launch, we are proud to announce nftperp first-ever Paper Trading Competition in collaboration with Tide Protocol, FloorDAO, Milady Maker, and Good Minds.

Participants are able to win exclusive nftperp NFTs, rare Milady Maker NFTs and tokens, a chance to get $NFTP token airdrops once launched, and much more!

Registration opens on September 26th and the Paper Trading Competition begins on October 3rd.

With Arbitrum mainnet right around the corner, nftperp is hosting a Paper Trading Competition with tons of rewards for grabs!

Join the competition on Tide, trade and compete alongside your fellow NFT degens for a chance to win exclusive prizes from Milady Maker NFTs, Good Minds NFTs, Floor DAO and an $NFTP Airdrop once they release their token.

The sign-up period will start on September 26th on Tide, while the actual competition will start on October 3rd on the nftperp platform, finishing on October 14th. The following details are all you need to know to participate.

What is nftperp

nftperp is a perpetual futures exchange for NFTs that tracks the floor prices of NFT collections. So for the first time ever, degens like yourself can speculate and take long or short trades on these NFT collections.

Built on top of Arbitrum, a fast, secure, and low-cost Ethereum L2, everyone can actively speculate NFT collections without even owning the actual NFTs.

Here are some benefits for you and why you might want to trade on nftperp:

• Speculate on blue chip NFT collections such as BAYC, Punks, Miladys, and more. Think the NFT bull run is coming back? You can place a long trade without owning an NFT!

• Ability to hedge against your own NFT collection — if you’re lucky enough to own a BAYC, for example, you can place a short trade and recoup the losses from holding such NFT

• Can’t afford a Bored Ape? Well, now you don’t need to own one in order to get exposure

Read more about nftperp in their documentation.

What is Tide

Tide is a discovery and attention layer connecting users and projects based on interests and incentives.

Tide is building the infrastructure allowing users to connect with web3 communities in line with their interests and values, being rewarded for their active participation and value provided.

On the other hand, it enables projects to gamify their applications and deliver personalized experiences to their users, in order to engage and grow organic communities by providing targeted and flexible rewards for actions (on-chain, off-chain, social interactions).

See more on the docs.

Paper Trading Competition Overview

The nftperp Paper Trading Competition is designed to permit users to test the platform on Arbitrum mainnet with $mockWETH.

Please keep in mind that $mockWETH has no real value, and all the profits and losses will not be real.

Participants only have to pay the gas fee for the transactions they submit. Being on Arbitrum, the total gas fees that any individual participant will incur during the Paper Trading Competition will probably amount to less than $1.

Quick Facts

● Sign-up starts on September 26th on Tide

● Go to https://www.tideprotocol.xyz/users/campaign/20. Upon registration, an exclusive participation badge is minted for each wallet completing the required tasks

● Once signed up, users receive exactly 10 $mockWETH to use to trade in the nftperp platform

● The Paper Trading Competition starts on October 3rd and lasts for two weeks until October 14th, when the final leaderboard is published

● Users can monitor their position in the ranking and their P&L on the nftperp leaderboard

● Within 48 hours from the end of the competition, badges will be updated according to the leaderboard and trading stats

● The NFT Collection Trading Pairs are the following:

1. BAYC / WETH

2. MAYC / WETH

3. PUNK / WETH

4. MILADY / WETH

Rewards

The total prize pool for the trading competition is over 500,000 $NFTP, in the form of IOUs paid out when the token launches on mainnet.

The top 200 traders will win airdrops!

• 1st Rank — 50,000 $NFTP

• 2nd Rank — 30,000 $NFTP

• 3rd Rank — 15,000 $NFTP

• 4th to 25th Rank — 7,500 $NFTP per wallet

• 26th to 100th Rank — 2,000 $NFTP per wallet

• 101st to 200th Rank — 1,000 $NFTP per wallet

Additional prizes

• 1 Rare SS Rank Milady Maker NFT Sponsored by Milady Maker

• 1 Milady Maker ERC-20 token to 2nd place winner from FloorDAO

• 1 Good Minds NFT for each of the top 5 traders

Tournament NFT badges

Every user that signs up for the trading competition will mint an exclusive participation NFT badge. These NFTs are dynamic and will evolve based on users’ trading performances, reflecting their position on the leaderboard (see the images below).

Competition Rules

1. To be eligible for rewards, a participant needs to have signed up via Tide and have made at least one trade during the competition.

2. Each participant’s wallet should start the competition with exactly 10 $mockWETH.

3. You cannot transfer $mockWETH from the participant’s wallet during the course of the tournament. Any such transfer would automatically disqualify the participant from the competition.

4. The leaderboard will be based on Realized PnL only.

5. Void where prohibited by law. (Check your country for regulations).

6. nftperp team will take any final decisions regarding violations of the stated rules as well as other matters as they see fit. The goal is to ensure a fair and fun competition. Those who violate rules will be disqualified from receiving rewards.

How to Participate

Users enroll in the trading competition through the “Campaigns” page on Tide.

Users have to complete the following steps to be eligible:

1. Connect wallet

• Only active users — wallets with at least one transaction on Ethereum Mainnet and Arbitrum between June 11th and September 11th — are eligible to sign up. Nine million wallets have been found in line with the requirements. This precaution has been designed to avoid multi-accounting. If you are not eligible and believe it is a mistake, please reach out on Tide’s Discord or on nftperp’s Discord.

2. Sign-in with Ethereum

• Only a signature is required.

3. Connect Twitter

• Authorize Tide to open a Twitter session

4. Perform twitter actions

• Follow nftperp

• Follow Tide

5. Mint a participation badge (“Participate” button). The user needs to pay a little gas fee (less than $0.05) in order to mint the badge. The participation badge may be differentiated according to wallet on-chain footprint

**6. **The 10 Mock WETH need to be minted by the user on https://staging.nftperp.xyz/trade.

7. You’re all set! Between October 3rd and October 14th you will be able to trade and win!

Sponsors

The nftperp Paper Trading Competition is sponsored by Tide, FloorDAO, Milady Maker, and Good Minds NFT.

Tide is a discovery and attention layer connecting web3 protocols with web3 users. It’s a social app that everyone can use to build sustainable communities and engagement.

FloorDAO is a decentralized NFT market-making protocol. It enables deep, sticky liquidity for all NFT collections contained in the FloorDAO treasury. FloorDAO uses the bond & rebase mechanisms pioneered by OlympusDAO to accumulate productive NFT liquidity, which is then deployed in strategies such as NFTX vaults to generate yield.

Milady Maker is a cult collection of 10,000 PFP NFTs by the avant net art collective, Remilia Corporation.

Good Minds is an indie, art-focused NFT collection with multiple characters. There are 6000 randomly generated and lovingly curated outputs that exist together on the Ethereum Blockchain.

Ready to join?

Visit TIDE and start surfing on web3!

Check us out at the following links:

TIDE:

Discord | Twitter | Docs | Lens | Website

nftperp:

Discord | Twitter | Docs | Lens | Website