Horizon Futures Testnet Trading Competition x Coinwire — Season 2– 2000 PYTH Prize Pool

April 29, 2024

Horizon Futures Testnet Trading Competition x Coinwire — Season 2– 2000 PYTH Prize Pool

We are thrilled to announce that the Horizon Futures Testnet Trading Competition Season #2 begins on May 6th!

Participants will have the opportunity to experience decentralized futures trading with top-notch tools such as 50x leverage, limit, stop, take-profit and stop-loss automated orders.

This edition will count with the support of Coinwire as Media Partner, co-hosted by BSCDaily and ArbitrumDaily. Coinwire is a renowned knowledge hub with an active community, bringing top quality information, educational resources and the latest news about crypto and trading.

A 2000 PYTH prize pool is up for grabs. Find all the details below:

Competition Overview:

- Start Date: May 6th, 2024 (00:00 UTC)

- End Date: May 27th, 2024 (00:00 UTC)

- Prize Pool: Top 10 winners share 2000 PYTH

Prize Structure:

- 1st Place: 800 PYTH

- 2nd Place: 500 PYTH

- 3rd Place: 350 PYTH

- 4th-10th Place: 50 PYTH

Participation Guidelines:

1. Go to the Horizon Protocol V2 Futures Exchange.

2. Connect your wallet to Arbitrum testnet.

3. Acquire testnet zUSD (margin) and/or HZN (for minting zUSD), and ETH (for transaction fees) from the faucets before your first trade during the competition period. Check out our Testnet guide!

4. Execute trades between UTC midnight, May 6th, and UTC midnight, May 27th.

5. Submit your address in the Galxe campaign before the trading period ends for scoring evaluation.

6. Boost your eligibility by completing Galxe tasks — share your trade poster on social media and earn an OAT. Don’t forget #HorizonFutures

7. The wallet address you use to sign up for GalxG Quest must match the wallet address you use to participate in the Horizon Futures Season 2 trading competitions.

Prize Distribution:

The winners will receive the prizes within 7 days after the competition period ends.

Scoring System:

- Top 10 traders with the highest Percentage of PnL during the competition period.

- The leaderboard will be regularly shared and updated throughout the competition and at its conclusion.

Competition Rules:

- Once the first trade is made during the competition period, participants can’t transfer zUSD balances from wallets, trading accounts, or add additional collateral from minting to the margin account.

- Transferring collateral to the margin account after the first trade during the competition period will lead to disqualification from the rewards pool.

- All participants must register on the Galxe platform by UTC midnight May 27th.

Timing Information:

- Traders have the flexibility to engage in trading from the official start date at UTC midnight, May 6th, until the competition concludes at UTC midnight, May 27th.

Prepare for an adrenaline-packed trading experience!

The Horizon Futures Testnet Trading Competition awaits — seize the opportunity and let your trading skills shine!

About Coinwire

Coinwire is a renowned knowledge hub with a large active community, bringing top quality information, educational resources and the latest news about crypto and trading. Coinwire is part of the TKMedia group, a leading Web3 Media publisher with massive reach through strong brands such as BSCDaily, EthereumDaily and ArbitrumDaily.

Horizon Protocol is a decentralized derivatives trading and liquidity protocol that provides decentralized access to the real-world economy through synthetic assets. Through Horizon Protocol, users can access swaps and perpetual futures of RWA (real-world assets), including, fiat (i.e. USD, EUR, JPY, etc.), and commodities (i.e. gold, silver, etc.).

With a peer-to-pool model where a counter-party is not required for trading, Horizon Protocol can offer DeFi traders low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Horizon Protocol sets itself apart with a strong focus on seamless UI/UX and educational content to help the community understand the power of DeFi derivatives.

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