In the vast cosmic expanse of the crypto trading universe, a thrilling competition is about to unfold that will challenge traders from across the galaxy!
Welcome to Guardians of ApeX — Derivatives Interstellar Quest, the trading competition on ApeX Pro where you have the opportunity to prove your skills, rank among the top 20 and compete for stellar prizes from a pool of up to 20,000 $ARB.
Prepare to set your course for the stars as we invite you to join us on a cosmic journey of trading prowess.
Sign Up for the Derivatives Interstellar Quest
Don't miss out on the open registration period from October 26, 2023, 12:00 PM (noon) UTC - November 5, 2023, 11:59 AM UTC — you must successfully sign up during this period to participate in the competition starting on October 30, 2023, 12:00 PM (noon) UTC.
To join this interstellar trading quest, you need a minimum of 100 USDC worth in total equity in your ApeX Pro account. If your equity balance falls short of this amount, you can quickly make a deposit from your wallet to your ApeX Pro account. Check out the tutorial video to guide you through the deposit process.
As more traders join the cosmic quest, the prize pool will expand, enhancing the rewards for participants according to the table below.
Early Space Traveler Bonus — 1,000 USDC Up For Grabs
Are you an early riser on the cosmic trading journey? A special bonus awaits you from the bonus pool of 1,000 USDC!
Register before October 30, be among the first 200 registrants, and claim a $5 USDC trading bonus. Rewards will be allocated on a first-come, first-served basis.
If you are joining us from Arbitrum Oddyssy, you will be automatically whitelisted for the Derivatives Interstellar Quest in case of depositing >$100 during the Arbitrum Odyssey campaign period, between October 24, 2023 - October 30, 2023.
Join the Ranks of ApeX Guardians: Dive into the Prize Pool
From October 30, 2023, 12:00 PM (noon) UTC to Nov 13, 2023 11:59AM UTC, trade your way to top in rankings! To qualify for this celestial competition rewards:
Trade on any available contracts on ApeX Pro
Reach a cumulative trading volume of minimum 10,000 USDC
Participants will be ranked based on their individual Profit and Loss Percentage (P&L%) achieved during the competition period. In the event of a tie where two or more participants share the same P&L%, the participant with the higher trading volume will secure a higher ranking.
The rewards in ApeX's interstellar quest will be credited to the top 20 traders, and the total rewards unlocked will be contingent on the total number of qualified participants as outlined in the table above.
So what are you waiting for? It's time to shine in the cosmic trading arena. Get ready to embark on this interstellar journey, and prove that you have what it takes to be one of the Guardians of ApeX!
May the stars be in your favor as you reach for the cosmos in this epic trading competition.
P&L(%) Calculations
Profit = Final Net Value of the account + Withdrawal Amount during the competition period - Initial Net Value of the account - Deposit Amount during the competition period
Initial Net Value of the account = The total assets of the account at the start of the competition, including wallet balance, maintenance margin, position margin, unsettled profit and loss, and bonuses (if any)
Final Net Value of the account = The total assets of the account at the end of the competition, including wallet balance, maintenance margin, position margin, unsettled profit and loss, and bonuses (if any)
Withdrawal Amount = Sum of all assets withdrawn during the competition period, including on-chain transfers, swaps under Trade-to-Earn, or any activity that results in the use of USDC
Effective Deposits = Eligible Deposits * (time span between deposit time and the end of the competition / total time span of the competition, where time is calculated in hours)
Eligible Deposits = The sum of all deposits during the competition period, including on-chain transfers, swaps under Trade-to-Earn, airdrops, referral or affiliate commission transfers, bonuses, or any activity that results in USDC earnings
P&L(%) = Profit / (Initial Net Value in account + Sum of Effective Deposits during the competition period)
If the denominator is 0, profit will be displayed as "--" and will not be calculated
Terms and Conditions:
Users must sign up during the registration period to be eligible to participate in the Trading Competition.
The trading competition is open to all users.
The Registration Phase for the trading competition will begin on Oct 26, 2023, at 12:00PM (noon) UTC and end on Nov 5, 2023, at 11:59AM UTC, while the Competition Phase will commence on Oct 30, 2023 at 12:00PM (noon) UTC and end on Nov 13, 2023, at 11:59AM UTC.
Users are eligible to register for the competition if their total equity is greater than 100 USDC. Total Equity includes maintenance margin, position margin, and available wallet balance. Assets involved in Trade-to-Earn and staking are not counted.
The first 200 registered users who register for the trading competition between Oct 26 2023, at 12:00PM (noon) UTC and Oct 30, 2023 at 11:59AM UTC will each receive an early bird bonus of 5 USDC. Those users who deposit >$100 within the scope of Arbitrum Oddyssy [between Oct 24, 2023 - Oct 30, 2023] will automatically be whitelisted for the trading competition, and will be able to claim the above mentioned trading bonuses if ranked among the first 200.
This bonus will be drawn from a pool of 1,000 USDC and distributed on a first-come, first-served basis for the first 200 sign-ups. The collection of bonuses is time-sensitive. After the claim period for a bonus has ended, users will not be able to claim them anymore. Upon claiming, bonuses will typically be transferred to users' accounts within 5 minutes, depending on the on-chain transfer speed. Bonuses can not be withdrawn. Bonuses will be forfeited if a user initiates a withdrawal from ApeX Pro. Bonuses from this event can be used as trading margin, to offset trading losses and fees for trading any available Perpetual contracts on ApeX Pro.
After registration, users will need to keep their deposits in their ApeX Pro account for a minimum of 72 hours to be eligible for rewards. The Withdrawal Interval must be greater than 72 (withdrawal time - deposit time ≥ 72 hours).
Users must accumulate a minimum of 10,000 USDC trading volume to be eligible for rewards.
The prize pool tiers will be unlocked based on the number of traders participating, and the winning spots will increase in correlation with a higher number of participants. Check the table above for more details.
P&L(%) = Profit / (Initial Net Value in account + Sum of Effective Deposits during the competition period), view details in the ApeX Blog.
If reward distribution is delayed for any reason (e.g. due to technical issues), the rewards will be re-distributed within 30 days after the event's end date.
Participants' trades recorded on ApeX Pro under the event will be strictly reviewed. Participants may be disqualified if any of the following trading behaviors are detected, including but not limited to batch registration of accounts, self-buying and selling, Sybil trading, and other cheating behaviors.
Tabulation of trading data from the competition will be completed within seven (7) working days after the event's end date. The trading competition rewards will be airdropped directly to the winning wallet addresses within twenty (20) working days after the results are announced.
Market makers can not participate in this event.
The ApeX Protocol team reserves the right to change the terms & conditions of this event at their sole discretion.
Engaging in botting activities, cheating, or submitting duplicate entries will lead to disqualification from this event.
ApeX Pro reserves the right to the final interpretation of this event. If you have any questions, please contact us via the ApeX Pro Discord channel.