We are excited to announce our first trading competition. The goal of this competition is to increase community participation and gather valuable feedback on the beta version of our product. The competition will take place every month from the 1st to 28th. Mark the date, the first competition starts on February 1st 18 UTC.

To participate:

• Own a GBC

• Have a Lab Identity, go to Wardrobe, choose your GBC & click “Set PFP”

• Start trading on GBC Trading or use/click BLUEBERRY to opt our referral on GMX.io.

• Check your rank on our Leaderboard

The prize for the competition depends on the volume traded and we will be offering extra rewards to encourage traders to use the platform, potentially leading to a larger prize pool. The GBC Treasury will only receive 5% of esGMX’s referral program until GBC Trading is perfected and phased out of beta.

Beta Boosted Prize Pool + Lab Item

The prize pool will be based on trading volume. Using a trading volume of $100 million as an example, the calculation for the prize pool would be: 100 million (trading volume) * 0.001 (margin fees) * 0.15 (referral rebate) = $15,000.

The number of participants that will be rewarded, as well as the distribution based on their position on the leaderboard, will be determined by monitoring the competition and determining the best approach.

We have an other prize for every beta competition participants, the x100 Only Headband! (see article image)

We encourage participants to engage and share their experience on social media & GBC Discord (📈・gbc-trading channel), additional prizes will be awarded to the most viral posts on twitter.

Fun fact: GMX currently has an average daily trading volume of $160 million, which translates to a monthly volume of $4.8 billion. If all traders used GBC Trading or opted our referral, the total prize pool would be:

• $4.8 billion volume * 0.001 * 0.15 = $720,000 based on 15% boosted rewards

• 
 $4.8 billion volume * 0.001 * 0.05 = $240,000 based on 5%

Competition Rules: 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.

Good luck berries! 🫐