RWA Exchange Trading Competition (Testnet)
Campaign Overview
Duration: November 28th, 2024 (14:00 UTC) - December 28th, 2024 (14:00 UTC).
Total Prize Pool: $15,000 in $RWA tokens.
Eligibility Rules:
No Transfers: Transferring RWAT and USDR between wallets during the campaign is strictly prohibited. Violators will be disqualified.
Minimum Wallet Balance: Users must hold at least 100 $RWA on their mainnet wallet to qualify for rewards.
Snapshot Notice: Users must withdraw their RWAT and USDR from the exchange before Dec 28th, 14:00 UTC, for the snapshot.
Bonus Points for Diamond Users: RWA Launchpad Diamond users will receive a 20% bonus in Group 1.
Group 1: RWAT + USDR Snapshot Rewards
Prize Pool: $6,000 in $RWA tokens.
Criteria:
A snapshot will be taken at Dec 28th, 14:00 UTC.
Points Calculation:
Each USDR in the user's wallet = 1 point.
Each RWAT in the user's wallet = 1 point.
Rewards Distribution:
The top 50 users, ranked by total points, will share $6,000 proportionally to their points.
Formula: User Reward = (User Points / Total Points of Top 50) × 6,000
Example:
Total points of Top 50 users = 12,000.
User A with 1,200 points: 1,200 / 12,000 × 6,000 = $600
User B with 800 points: 800 / 12,000 × 6,000 = $400
Group 2: Trading Volume Rewards
Prize Pool: $6,000 in $RWA tokens.
Criteria:
Users will be ranked based on their trading volume during the campaign period.
Eligible Volume: The sum of all executed buy and sell orders on the RWAT/USDR pair on RWA Exchange.
Rewards Distribution:
The top 50 users, ranked by trading volume, will share $6,000 proportionally to their volume.
Formula: User Reward = (User Volume / Total Volume of Top 50) × 6,000
Example:
Total volume of Top 50 users = $1,500,000.
User X with $75,000 volume: 75,000 / 1,500,000 × 6,000 = $300
User Y with $45,000 volume: 45,000 / 1,500,000 × 6,000 = $180
Group 3: Random User Rewards
Prize Pool: $3,000 in $RWA tokens.
Criteria:
Users must have completed at least $2,000 in trading volume during the campaign period.
200 users will be selected randomly from those who qualify.
Rewards Distribution:
Each of the 200 selected users will receive $15 in $RWA tokens.
Final Notes
Rewards will be distributed within 7 days after the campaign ends.
Disqualification: Users engaging in suspicious activity, or violating rules (e.g., transferring RWAT/USDR) will be disqualified.
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