Trading Contest

Contest FAQ

How can I participate in the DXS Trading Contest?

To enter, find this post on Twitter and comment with your DXS username, like, retweet, and follow @DXSapp.

What is the prize pool for the contest?

The prize is paid in trading capital, used to open free trading positions on DXS and withdraw profits. The prize pool is calculated by multiplying the number of participants by $30, with the maximum prize pool capped at $30,000 in trading capital.

When does it start and how long it lasts?

The contest starts as soon as leaderboards are up and running. You can join anytime before or after. The contest spans 30 days after the start.

How are winners determined?

Winners are identified based on 2 real-time leaderboards: (1) By total net profit amount generated by all positions opened and closed during the trading contest, (2) By individual most profitable positions opened and closed during the trading contest.

How will the total prize be distributed after the contest is finished?

Prizes will be distributed evenly across three categories: (1) By total net profit amount generated by all positions opened and closed during the trading contest, (2) By individual most profitable positions opened and closed during the trading contest and (3) Consolation prize to compensate for losses.

The top-3 participants in the 1st and 2nd category will receive 20% of the total prize, distributed evenly between 6 of them. The remaining 80% will be allocated among the top 50% based on their holding fees paid during the contest. Consolation prizes will be distributed to the top-50% by net losses pro-rata to their losses.

Are there any disclaimers to be aware of?

Indeed, please review the contest's terms and conditions provided by DXS. By participating, you consent to the publication of your DXS username and trading activities.

How can I enhance my chances of winning?

Concentrate on excelling in a particular category.

What could I potentially win?

The total prize amount varies based on participant numbers. Prizes are evenly split across 3 categories. The top three in each category get 20%, and the remaining 80% is divided among the top 50% based on their holding fees paid during the contest.

How is a participant defined?

A DXS trading contest participant is any DXS user who:

1) Has their DXS username displayed on the official contest leaderboards at https://dxs.app/contest and has accepted the contest terms on DXS.app.

2) Has a trading volume during the contest that exceeds $100k. Note: there are no fees to open/close positions.

Can a trader win in multiple categories simultaneously?

No, a trader can only secure one prize to ensure a maximum number of winners.

Contest Terms and Conditions:

1. Competition Period:

- The competition starts at 00:00 UTC the day following a full day without new participants and continues for 30 calendar days until 00:00 UTC.

- All trades and submissions must be finalised within this period.

2. Eligibility:

- A participant is defined as any unique user of DXS who has accepted the contest terms on DXS.app and whose trading volume during the contest exceeds $100k. Note: there is no execution fee to open/close positions.

3. Prizes and Winner Selection:

- The total prize pool can reach up to $30,000.

- The prize amount is contingent on the number of participants.

- Prizes will be distributed evenly across three categories:(1) By total net profit amount generated by all positions opened and closed during the trading contest, (2) By individual most profitable positions opened and closed during the trading contest and (3) Consolation prize to compensate for losses.

- The top-3 participants in the 1st and 2nd category will receive 20% of the total prize, distributed evenly between 6 of them.The remaining 80% will be allocated among the top 50% based on their holding fees paid during the contest.

- Consolation prize will be distributed to the top-50% by net losses pro-rata to their losses.

- The total number of winners will constitute 50% of all participants.

- Prizes will be disbursed exclusively in trading capital, usable for trades on DXS.app.

4. Trading Rules:

- Participants trade on DXS.app throughout the 30-day contest period.

- Trading results are showcased on the live contest leaderboard available on https://contest.dxs.app.

- Only trades opened and closed during the contest period are accounted for. Please make sure to close your trades before the contest finishes.

5. Notification of Winners:

- Winners will be informed via email or DXS's official communication channels.

- Winners must reply within 5 days to claim their prizes, or they risk disqualification.

6. Publicity:

- By entering, participants grant DXS permission to utilize their trading performance, inclusive of username and trading activity, for promotional reasons.

- Participants might be asked to confirm their email, phone number, and identity. Failure to comply will result in disqualification.

7. Prohibited Activities:

- Engaging in cheating, fraud, or manipulating trading activity is strictly forbidden and can lead to disqualification.

- DXS holds the right to disqualify participants found indulging in unethical practices.

- Creating multiple accounts by a single individual will lead to the suspension of all related accounts.

8. Privacy:

- DXS will manage participants' personal data in line with its privacy policy.

9. Amendments:

- DXS retains the right to modify the terms and conditions or terminate the competition at any point without prior notification.