🏅Mantle Trading Competition
Compete against other traders in a 5-Part Series of trading competitions for Vertex on Mantle. Ascend the ranks of the leader-board and win a share of the 100k MNT prize pool!
Last updated
Compete against other traders in a 5-Part Series of trading competitions for Vertex on Mantle. Ascend the ranks of the leader-board and win a share of the 100k MNT prize pool!
Last updated
Join the Vertex x Mantle Trading Competition and face off against other traders for a chance to win a portion of the 100k MNT up for grabs in the prize pool!
Total Prize Pool = 100k MNT
Prize Pool Per Round = 20k MNT
Duration = 5 Weeks
Total Prize Winners (Per Round) = 50
Each Round = 7 Days
6 Days of Competition
24-Hour Break
Round 1 Start Date = Tuesday, June 25th @ 16:00 UTC
Round 1 End Date = Monday, July 1st @ 16:00 UTC
-> Start Trading: https://app.vertexprotocol.com/mantle-trading-competition
The trading competition's is divided into 5 individual rounds, designed with a low barrier to entry for both new and existing users. The long--tail prize distribution encourages continued participation throughout each round.
To qualify for any of the 5 trading competition rounds, users need to reach an account value of greater than or equal to $250 during a competition round:
New Traders: Deposit at least $250 worth of mETH, wETH, wMNT or USDC into Vertex on Mantle.
Existing Traders: If your account is worth $250 or more, you’ll automatically be eligible. If not, you’ll need to deposit more mETH, wETH, wMNT or USDC to surpass the $250 minimum requirement threshold.
NOTE: If you initially meet the minimum account value of $250 when the competition starts, but then your account value falls below $250 after the competition begins, you will still be eligible for the competition!
Traders are ranked based on the best positive % PnL.
The positive % PnL (in USD) is calculated using the Modified Dietz Return Method which takes into consideration cash flows in and out of the account to calculate the trader's performance.
You can learn more about the Modified Dietz Return method and calculation here:
The leader-board for the trading competition will update roughly every 3 hours on the app. For the final results of each competition round, please allow for at least 3 hours to pass from the end of that round to view the official outcome on the app.
Make sure to keep track of your position on the leader-board and stay tuned to the Official Vertex Twitter account for more information!
The top 50 traders from each of the 5 competition rounds will earn a portion of the 20k MNT available per round. The prize distribution per round is illustrated in the table below.
1
4,000 MNT
2
3,000 MNT
3
2,400 MNT
4
1,600 MNT
5
1,200 MNT
6
900 MNT
7
700 MNT
8
500 MNT
9
400 MNT
10
300 MNT
11 -> 20
200 MNT
21 -> 30
150 MNT
31 -> 40
100 MNT
41 -> 50
50 MNT
Total
20,000 MNT (Per Round)
Each trading competition in the 5-part series is treated independently of the next competition. The official start and end dates for each round of the competition are detailed below.
Start: Tuesday, June 25th @ 16:00 UTC
End: Monday, July 1st @ 16:00 UTC
Prize Pool: 20k MNT
Start: Tuesday, July 2nd @ 16:00 UTC
End: Monday, July 8th @ 16:00 UTC
Prize Pool: 20k MNT
Start: Tuesday, July 9th @ 16:00 UTC
End: Monday, July 15th @ 16:00 UTC
Prize Pool: 20k MNT
Start: Tuesday July 16th @ 16:00 UTC
End: Monday July 22nd @ 16:00 UTC
Prize Pool: 20k MNT
Start: Tuesday, July 23rd @ 16:00 UTC
End: Monday, July 29th @ 16:00 UTC
Prize Pool: 20k MNT
***Accounts that attempt to wash trade during any of the 5 trading competition rounds will be blacklisted and ineligible for prizes.
