Last updated
Last updated
The Neotrade "Escape the Matrix" Trading Competition will begin when the platform reaches $100,000,000 total volume.
The Prize Pool will consist of 10% of the Neotrade trading fees from the competition and 50% of the $50 entry Fee.
The Trading Competition is expected to last around 3 months. We also plan to launch $MPAD halfway through the Trading Competition and $NEO towards the end of the trading competition.
Individual Trade Up Challenge: 15%
Clan Trade Up Challenge: 15%
Clan NTE: 30%
Individual ROI: 30%
The initial account size for the Trade Up Challenge is 1 $SOL. Each trader can enter the 1 SOL Trade Up Challenge with up to 10 wallets per account. NTE will synchronize across all wallets and is only valid for one account entry, unlike ROI, which allows for 10 entries per account.
Currently, Escape the Matrix is designed to accommodate up to 1,000,000 users and reward the top 10% of individuals and 20% of clans with a substantial prize.
In the trading competitions we analyzed, we noticed that most of them only rewarded the top 0.1-1% of traders with 100% of the prizes, leaving the majority of traders with nothing. With our prize pool, we intend to distribute rewards in a fair and meaningful manner. We plan to allocate a larger share of the prizes to more participants on the leaderboard, rather than just the top 10.
In order to maintain the integrity of the competition, Neotrade will be closely monitoring all participating accounts. Any attempts to manipulate trading results, especially in the ROI pool, will result in disqualification of the account.
Our goal is to create a fair environment where all participants can compete honestly and have an equal opportunity to win.
