🏍️Trading Competition (Archived)

Details on Vertex Trading competitions will be shared here.

Introducing the V2 Trading Competition on Vertex. Stake VRTX to join and compete for a place amongst the top traders and a chance to earn a portion of the 250,000 VRTX tokens up for grabs as prizes!

How Can You Participate?

The V2 Trading Competition follows the recent launch of the major staking V2 upgrade for the VRTX token. Users can easily qualify for and participate in the trading competition by simply staking $VRTX and registering for their preferred tier via the competitions page, linked below:

• Stake & Join the Competition -> https://app.vertexprotocol.com/competitions/vrtx

Trading Competition Structure

• Start Date = Monday, November 25th @ 17:00 UTC

• End Date = Saturday, November 30th @ 17:00 UTC

• Total Prize Pool = 250,000 VRTX

• Eligiblity Requirement = Staked VRTX (V2)

Rankings

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:

• https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/modified-dietz-return/

Make sure to keep track of your position on the leader-board and stay tuned to the Official Vertex Twitter account for more information!

Prizes will be distributed directly to the winners' wallets connected to their participating Vertex account shortly after the competition ends. Please note that prize distribution may take several days after reviewing and finalizing the results of the competition.

The competition is divided into 2 separate tiers based on the amount of VRTX staked per participant.

Tier 1

• Minimum VRTX Staked = 70,000 VRTX

• Minimum Trading Volume = $10,000

• Total Prize Pool = 180,000 VRTX

• Total # of Winners = 10

Tier 2

• Minimum VRTX Staked = 20,000 VRTX

• Minimum Trading Volume = $2,000

• Total Prize Pool = 70,000 VRTX

• Total # of Winners = 10

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Prize Pool Distribution

You can find a breakdown of the VRTX prize distribution for both tiers in the table below.

Tier 1 Prizes

Rank(s)	Prize
1	50,000 VRTX
2	35,000 VRTX
3	25,000 VRTX
4	20,000 VRTX
5	15,000 VRTX
6	10,000 VRTX
7	7,500 VRTX
8	7,500 VRTX
9	5,000 VRTX
10	5,000 VRTX

Tier 2 Prizes

Rank(s)	Prizes
1	20,000 VRTX
2	15,000 VRTX
3	10,000 VRTX
4	5,000 VRTX
5	4,000 VRTX
6	4,000 VRTX
7	3,500 VRTX
8	3,500 VRTX
9	2,500 VRTX
10	2,500 VRTX

***Accounts that attempt to wash trade during any of the 3 trading competition rounds will be blacklisted and ineligible for prizes.

• Eligible traders can only use one account per trading competition. Traders using multiple accounts will only have one account attributed to their PnL on the leaderboard.