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Trading Competition
DogeDEX Trading Competition
Date: March 13th, 2021 at 11 a.m. EST
How Does The Trading Competition Work?
DogeDEX trading competition will consist of 3 separate 30-minute rounds, the top 3 wallets that perform the most successful atomic swaps each round will split the 5000 Dogecoin prize. Read below for instructions and rules on how to participate and reward distribution.
Prize Distribution. The top 3 winners of each round will split the 5,000 Dogecoin reward as follows:
1st Place: 3,000 DOGE
2nd Place: 1,500 DOGE
3rd Place: 500 DOGE
Participation in this trading competition doesn't require you to spend any funds. We are using test coins for this competition.
Download DogeDEX Wallet
In order to participate, you must first install the DogeDEX app. You can find the download links below:
Create a DogeDEX Wallet
To create a DogeDEX wallet, just follow this guide: https://docs.dogedex.xyz/how-to-create-a-dogecoin-wallet
Preparing The Wallet For The Trading Competition
After you've created your DogeDEX wallet, you will need to activate 2 test coins. Activate the Rick and Morty coins inside the wallet.
Rick and Morty are test coins that we added to DogeDEX to allow people to get used to atomic swap trading without using real funds. These are the coins we're using for the atomic swap trading competition.
If you are having trouble finding the Rick and Morty coins, follow this video guide: https://docs.dogedex.xyz/how-to-atomic-swap-on-dogedex
After you have installed your DogeDEX wallet and activated Rick and Morty, you will request coins from the Rick and Morty faucets.
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Once you have Rick and Morty in your wallet, you can select the DEX tab and swap.
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We recommend getting used to the atomic swaps before the trading competition to improve your chances of winning. You can make more than one swap at a time.
Speed Up Swap Times
DogeDEX lets the user select how many block confirmations each swap requires. This is useful for large trades which require more security. What we need to do is reduce the confirmations to 1 and remove dPoW in order to make swaps as fast as possible for the trading competition.
- 1.Select the DEX tab
- 2.Select Rick and type the amount which is 1
- 3.Select Morty and when the orderbook loads, select an order
- 4.On the confirm page, you will see the option to use "custom protection settings". Select this option.
- 5.Turn off dPoW and select 1 confirmation. Below is an example:
- 6.You have to select "User Custom Protection Settings" to increase the speed of each swap.
You can execute multiple swaps at a time. You don't need to wait for one swap to confirm in order to start another one.
Rules & Instructions
The competition is easy and you don't have to spend any funds to participate.
- 1.Install DogeDEX Wallet
- 2.Fund your wallet with Rick and Morty test coins
- 3.At 11 a.m. EST on the 13th of March, 2021 the trading competition will begin.
- 4.DogeDEX users who are able to swap the most Rick and Morty in a 30-minute time period will win 5000 Dogecoins. The winnings will be sent directly to their DogeDEX wallet.
- 5.There will be 3 rounds of trading.
- The 1st round is from 11:00-11:30 a.m. EST
- The 2nd round is from 12:00-12:30 p.m. EST
- The 3rd round is from 1:00-1:30 p.m. EST
6. The prize for each round is 5,000 Doge. The top 3 winners will be determined by whoever can make the most amount of swaps during the 30-minute timeframe.
7. The size of the trade doesn't count, only the amount of successful swaps. i.e. 20 swaps of 1 Rick - 1 Morty are greater than 1 swap of 20 Rick - 20 Morty.
8. If 2 or more users tie with the same amount of swaps, they will split the 5,000 Dogecoin prize per round.
9. Prize Distribution. The top 3 winners of each round will split the 5,000 Dogecoin reward as follows:
1st Place: 3,000 DOGE
2nd Place: 1,500 DOGE
3rd Place: 500 DOGE
10. Participation of previous winners: In order to make this competition as fair as possible, a winning participant that wins in a previous round can't participate in the following round.
The wallet addresses that complete the most Rick and Morty atomic swaps in a 30-minute window will split 5,000 Dogecoin in prizes. We will keep track of the winners in the leaderboards. You can test Rick and Morty swaps before the trading competition to get used to trading on DogeDEX.
Notes
It's important to mention that this competition will help us calibrate some of the settings in the DogeDEX app as well as a stress test of the atomic swaps. Please read the guide in full and test during the week before the competition for the best results. Good luck everyone!
Last modified 8mo ago