Bitcoin Halving, a pivotal event that cuts BTC mining rewards in half, is fast approaching! Expected to occur around April 20, 2024, this event historically causes significant price fluctuations in the price of Bitcoin. To make the most of this exciting time, ApeX is hosting a trading competition — BTC Halving Trading Frenzy, with a 10,000 USDC prize pool, a Runestone and ORDI tokens up for grabs! Let's delve in!
A Refresher on Bitcoin Halving
As you may have heard already, Bitcoin undergoes a pre-programmed halving event roughly every four years. This built-in feature of the Bitcoin protocol cuts the reward that miners receive for verifying transactions on the network in half. This mechanism serves a critical purpose: regulating the total supply of Bitcoin and ultimately capping it at 21 million coins. For all the details on Bitcoin Halving, check out our blog.
BTC Halving Trading Frenzy
From April 18, 2024 at 10 AM UTC to May 9, 2024 at 10AM UTC, trade any and all contracts available on ApeX Pro and compete to unlock an exclusive Runestone and ORDI tokens as well as share the prize pool of up to 10,000 USDC.
Your mission during the competition is simple:
Register for the BTC Halving Trading Frenzy competition on the event landing page;
Rack up your trading volume during the campaign period and emerge victorious! Simply put, the greater your trading volume, the more rewards you can earn.
The competition's prize pool grows with the total trading volume generated by participants during the event, as shown in the table below.
The top 10 participants with the highest trading volume will share the USDC rewards, while those ranked between 11-50 will receive a trading bonus in corresponding amounts.
Once the final tier of the prize pool unlocks at 10,000 USDC, the top 3 winners on the leaderboard will receive rewards in the form of a Runestone and ORDI tokens. A Runestone is currently valued at over $5,000, while ORDI tokens are valued at approximately $42 each.
While all ApeXers are invited to join the BTC Halving Trading Frenzy, do keep in mind that there is a minimum trading volume requirement of $5,000 to be eligible to receive rewards.
Early Bird Bonus
For our early participants, here's an exclusive bonus. Be one of the first 100 to register and receive a 5 USDC bonus to jumpstart your trading adventure!
Claiming Rewards
The rewards will be distributed between May 15 and May 22, and all eligible traders can claim their USDC rewards and trading bonuses at the Rewards Center.
Claiming ORDI tokens and a Runestone
The ultimate prize – a legendary Runestone valued at an impressive 0.086 BTC (approximately $5,300 at the time of writing), awaits the participant with the highest trading volume when the final prize tier at 10,000 USDC is unlocked. While, the second and third runners-up can claim 35 and 15 $ORDI airdrops, respectively.
If you're one of these three lucky winners, here's what you need to know to receive your ORDI tokens and Runestone:
Set Up BRC-20 Wallet: Register for a BRC-20 wallet. Two mainstream BRC-20 wallets that you can consider are Unisat Wallet and OKX Wallet.
Provide BRC-20 Wallet Address: After setting up your BRC-20 wallet, submit your BRC-20 wallet address via Google Form, which will be provided later in the campaign. Please be aware that each ApeX account's ETH wallet address can only be linked to one BRC-20 wallet address. If multiple accounts are detected to be submitting multiple wallet addresses, rewards will be converted to USDC and can be claimed in the Reward Center. Please note that this information is only required if users want to claim Runestone and $ORDI rewards.
Timeline
Terms and Conditions
The BTC Halving Trading Frenzy is a trading competition hosted on ApeX Protocol, taking place from April 18, 2024 at 10 AM UTC to May 9, 2024 at 10 AM UTC.
Participation is open to all ApeX users who register on the designated campaign landing page.
Both the registration and trading competition commence on April 18, 2024 at 10 AM UTC and end on May 9, 2024 at 10 AM UTC.
To qualify for participation and rewards, users must trade a minimum of $5,000.
Both USDC and USDT contracts, as well as the volume generated via Grid Bot count towards a participants trading volume in the competition.
The campaign’s prize pool tiers are contingent upon the cumulative trading volume of all participants, as outlined in the official blog post's table. The top 10 participants with the highest trading volume will share the USDC rewards, while participants ranked between 11-50 will receive a trading bonus in corresponding amounts.
Once the final tier of the prize pool unlocks at 10,000 USDC, the top 3 winners on the leaderboard will receive rewards in the form of a Runestone and ORDI tokens.
a. To receive these rewards, winners must set up a BRC-20 Wallet and submit the wallet address via a Google Form (the form will be provided later in the campaign).
b. Please note that each ApeX account's ETH wallet address can only be linked to one BRC-20 wallet address. If multiple accounts are detected to be submitting multiple wallet addresses, rewards will be converted to USDC and can be claimed in the Reward Center.
All competition data will be tabulated and verified between May 9, 2024, at 10 AM UTC to May 16, 2024, at 10 AM UTC.
Rewards will be distributed between May 16, 2024, at 10 AM UTC and May 23, 2024, at 10 AM UTC.
Participation in this competition assumes acceptance of these terms and adherence to all competition rules. Non-compliance may result in disqualification and forfeiture of any prizes.
In the event of a delay due to technical issues, rewards will be redistributed within 30 days following the event's conclusion.
Market makers are excluded from this event.
Participation in botting, cheating, or submitting duplicate entries will result in disqualification.
The ApeX team reserves the right to modify these terms and conditions at its discretion. ApeX holds the final interpretation rights for this event. For inquiries, contact us via the ApeX official Discord channel.