Join the ‘Trade&Earn’ Contest by Kana Labs & Econia Labs to win a share of 1500 APT tokens. Complete the Galxe campaign quest and trade on the Kana Trade platform. The contest runs for 10 days from 18.03.2024 to 28.03.2024. Trade from the same wallet for the contest's duration as the Wallet IDs will be matched against OATs when rewards are calculated.
Hey Kana Knights! It’s time to get busy!!
We are excited to announce the “Reward4Trade” Giveaway Contest launch with our partner Econia Labs. The contest is an opportunity for users who trade in our Kana Trade platform to gain some additional rewards. It lasts 10 days from 10:00 AM UTC on 18.03.2024 to 10:00 AM UTC on 28.03.2024. The list of winners will be announced on 30.03.2024 in our discord servers.
Kana Trade platform now has two assets, APT/USDC and WETH/USDC which allow traders to perform spot trading activities by applying various trading strategies such as HFTs, algorithmic trading and more. To participate in this contest, participants must actively engage in trading activities in the Kana Trade platform to compete for a reward pool of 1500 APT tokens equivalent to US$15,000.
As you know, the Kana Trade platform from Kana Labs is a leading order-book exchange in the Aptos ecosystem. It is popular in the market for its user-friendly and familiar UI/UX and ultra-fast order processing speeds making it perfectly suited to the needs of all users be they occasional day traders or traders who trade regularly in large volumes.
In case you are new here or you have any doubts with regards to navigating our order book platform, please take a look at this video tutorial below.
This giveaway contest is different from normal contests as every single participant stands to reap some rewards.
The Contest Eligibility:
- Complete galxe campaign tasks and claim OAT(You need gas fee on Aptos to claim OAT)
- We request our participants to trade from the same wallet for the contest's duration as OAT will be matched against wallet IDs when the rewards are calculated. If the trade and OAT don't match, the participants will likely miss out on your rewards.
Reward Calculation Formula & Distribution:
The distribution of rewards will be based on every single participant’s contribution to the overall trading volume. By calculating the proportion of each participant’s trading volume to the total trading volume, an equivalent percentage of APT tokens will be airdropped to their wallets.
Reward = (Individual Trading Volume / Total Trading Volume) × Total Reward Pool
Where:
- Individual Trading Volume is the trading volume of a specific participant
- Total Trading Volume is the sum of trading volumes across all participants
- Total Reward Pool is the total amount of rewards to be distributed (in this case, 1500 APT)
For example, if a participant’s trading volume accounts for 5% of the total trading volume, they will receive 5% of the total reward pool. This direct correlation between trading volume and rewards promotes engagement and encourages participants to trade on our platform actively.
By implementing this distribution mechanism, we acknowledge and reward our most active traders and create an inclusive environment where every participant can earn rewards based on their contribution.
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