Join the Thrilling Perps Trading Tournament on Spin and Win Big!

MultiVM
Spin
Published in
3 min readJun 13, 2023

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Calling all traders and crypto enthusiasts! Get ready for an adrenaline-fueled trading tournament on Spin, the leading decentralized trading and investments platform.

Starting from June 13th at 3 pm UTC, the Perps trading tournament will run for four action-packed weeks, offering participants the chance to compete for a share of over 1,500 USDC in weekly rewards. Additionally, top traders will be able to win a jackpot based on their monthly leaderboard position – a total of 5,000 SPIN tokens with no vesting!

With the prize pool increasing based on weekly trading goals, this tournament promises excitement, fierce competition, and substantial winnings.

Weeks of Intense Trading and Rewards

The Perps trading tournament on Spin is an opportunity for traders to showcase their skills and compete for generous rewards. Each week, a growing prize pool awaits participants who generate the highest return on equity (ROE) while trading all PERP contracts on the platform.

The tournament kicks off with a reward pool of 400 USDC in Week 1 (Top-10 traders), with subsequent weeks offering even more enticing rewards: 500 USDC in Week 2 (Top-10 traders), 700 USDC in Week 3 (Top-15 traders), and a staggering 1,500 USDC in Week 4 (Top-15 traders).

The weekly rewards pool increases if the trading goals in terms of volume are achieved.

Week 1 Goal: $0.5 mln in trading volumes
Week 2 Goal: $1 mln in trading volumes
Week 3 Goal: $1.5 mln in trading volumes
Week 4 Goal: $2 mln in trading volumes

Additionally, Top-10 users who generate max monthly ROE, will share a rewards pool of 5,000 SPIN (with no vesting!).

Prove Your Trading Prowess and Secure Your Spot

To stand a chance at winning a share of the weekly rewards, participants must demonstrate their trading prowess and achieve the highest return on equity (ROE). Traders on Spin will engage in active trading across all PERP contracts, aiming to maximize their returns and climb the leaderboard. It’s a battle of skill, strategy, and quick thinking as traders strive to outperform their competitors.

Leaderboard snapshots will be taken every Tuesday at 3 pm UTC, allowing participants to monitor their progress and adapt their trading strategies accordingly. The top performers at the end of each week will secure their spot on the leaderboard and earn their share of the rewards.

The Power of Community and Competition

The Perps trading tournament not only presents an opportunity to win substantial rewards but also fosters a sense of community and healthy competition within the Spin platform. Traders from all walks of life will come together to showcase their trading expertise, share insights, and learn from one another.

The tournament serves as a catalyst for collaboration and engagement, propelling the Spin community forward. Whether you’re a seasoned trader or just starting, the tournament offers a platform to test your skills, refine your strategies, and seize the excitement of the trading world.

Get ready for an epic trading adventure on Spin with the Perps trading tournament. Starting from June 13th, this thrilling four-week event offers traders the chance to compete for weekly rewards, with the prize pool increasing based on trading goals.

Join the Spin community, showcase your trading prowess, and aim for the top of the leaderboard to claim your share of over 1,000 USDC in weekly rewards. Don’t miss this opportunity to test your skills, connect with fellow traders, and win big on the decentralized trading platform, Spin.

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MultiVM
Spin

MultiVM is an Ethereum rollup unifying the latest modularity and ZK innovations with a singular Multi-Virtual-Machine execution layer.