Monthly Trading Competition

The competitions take place every month from the 1st to 26th.

The goal of theses competitions is to increase community participation and gather valuable feedback on the beta version of our product.

The prize for the competition depends on the volume traded and we will be offering extra rewards to encourage traders to participate, 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.

To participate

• Hold a GBC NFT

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

• Track your rank on the Leaderboard.

Beta Boosted Prize Pool

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) x 0.001% (margin fees) x 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.

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%