To celebrate the start of a New Year, we've teamed up with our friends at Liquid to bring you our first trading contest of 2021 with over $4,000 in prizes sponsored by Dash!
Every trader will have up to 14 days to reach the highest trading volume they can to claim their share of the prize pool - as split below for the Top 10 traders between direct payouts in Dash and Quadency Unlimited subscription credits ($99/mo):
BONUS: $21 and 14 days of unlimited Dash bot volume
To help you start 2021 the right way, 20 traders who enter the competition and link a new Liquid account will receive a $21 bonus deposit!
Plus, trade Dash with bots on Liquid with no volume restrictions during the contest.
1st place Grand Prize: ~$1,100
-$500 USD in DASH
-6 Months of Quadency Unlimited
2nd and 3rd place: ~$510
-$210 in DASH
-3 Months of Quadency Unlimited
4th and 5th place: ~$330
-$130 USD in DASH
-2 Months of Quadency Unlimited
6th to 10th: ~$180
-$80 USD in DASH
-Month of Quadency Unlimited
How to Enter
- Connect your Liquid acccount and automatically get Quadency Pro for Free
- Enter the competition and start trading - Enjoy unlimited volume when running bots on ANY supported Dash pair on Liquid. If it's a new account, enter fast for your $21 bonus deposit!
- Get the edge you need for a Top Prize - in order to claim any of the Top 5 prizes, you must reach at least $5,000 in Dash trading volume with Quadency's market making bots. Learn more below.
Become a Market Maker for the Win
"Market Making" may sound intimidating, but is as simple as a lot of buying low and selling high at tight spreads. Makers are actually so important to market liquidity, they're rewarded with lower fees from exchanges and other perks depending on the assets they're trading.
Plus, Quadency's Market Maker bots make it so easy, you can quickly reach high trading volumes even with a low balance. For example, with just $200 in starting capital you could trade $5,000 in volume (as required to claim top contest prizes).
What is the exact start and end of the contest?
This contest will formally begin at 12:00am UTC on January 7th and conclude at 11:59pm UTC on January 21st.
What is the deadline for entry?
You can enter the competition at any point prior to the end date/time listed above. But your trading activity will begin counting towards your score the later of your entry date and contest start date. So the sooner you enter, the higher your chances to win!
Which markets, exchange qualify?
For this contest, only trades executed on DASH pairs on Liquid will be counted.
Are there any minimum volume requirements to claim prize?
Your score must be in the Top 10 of all participants to win. Both manual and automated trading volume applies, but to claim any of the Top 5 prizes, you must reach at least $5,000 in trading volume during the contest period using the Market Maker and/or Market Maker Plus bots. Learn more.
How to qualify for the $21 bonus?
To claim the $21 bonus prize, you need to place at least one order via the Market Maker or Market Maker Plus bot. 20 traders will be randomly selected on January 25th. The $21 will be locked for a 1 month period after the distribution.
How is the score calculated?
Your score is based directly on qualifying trading volume as listed above.
The score can range from 0-100, and represents the proportion of your trading volume among the total trading volume from all contest participants. For example, if you traded $20,000 equivalent in volume, and the total volume is $100,000, your score will be 20.
How often is the score updated?
Scores are updated every 4 hours and you can see where you stand with a quick glance in the Contest Leader board. Please note that your score can go up or down, depending on your individual proportion of the total contest trading volume.
When will the payouts and free Unlimited upgrades be distributed?
Winners will be announced by February 1st, and will be contacted by February 5th to process all payouts and free Quadency account upgrades.
What if I already have an active Quadency Unlimited subscription?
If you place in the Top 10 and already have an Unlimited account, your subscription will be extended at no charge upon contest end.
Disclaimer: contents of this article are for general market education and commentary and are not intended to serve as financial, investment, or any other type of advice.