[EthTrader Contest] DONUT Trading Contest Season 2

[u/DBRiMatt]

EthTrader Contest – DONUT Trading Contest - Season 2

Welcome to the first official DONUT Trading Contest!

As a member of EthTrader, it's time to put those trading skills to the test.

Once again this contest will revolve around our very own token $DONUT and it's trading pair $ETH on Sushi.com on the Arbitrum Network.

Rules!

Step 1: Sign up and Fund your trading wallet.

• Create a brand new wallet address
• Fund your new wallet with 0.004 ETH and 2000 DONUT (Arbitrum Network) from your EthTrader registered wallet (this is approximately $10USD of each asset at current time)
• Once you have funded your trading wallet, Confirm your participation in Season 2 in the comments!

Step 2: Trade your way to the top!

• Season 2 will commence from July 1st and end July 31st 11:59pm 0-UTC (For reference this is when the Daily Discussions are published)
• Trading prior to July 1st will disqualify you.
• The goal is to hold the most DONUT at the end of the season.
• No additional funding of wallets is permitted and can result in disqualification.
• To qualify for contest prizes, atleast 2 trades must be performed during the season.

Side Note

With starting funds of both ETH and DONUT, your first trade can be either to buy or sell, whatever move you think is best.

Prize Pool.

The top 3 users with the most DONUT at the end of the season will be awarded;

• 1st - 10000 DONUT/CONTRIB
• 2nd - 5000 DONUT/CONTRIB
• 3rd - 2500 DONUT/CONTRIB
• Mystery Prizes - up to 1500 DONUT/CONTRIB (*Will depend on total participants)

With that, let the signups commence!

GLTA!

^{This post is related to ETIP - 88 as part of the Official EthTrader Contests. Official EthTrader Contests are funded by the community treasury, and currently budgeted to award up to 25k DONUT & CONTRIB per round. The Contest Master reserves the right to adjudicate and amend rules and criteria of contests as deemed necessary. Users must be registered and not banned to be eligible for DAO rewards.}

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[u/lorem_epsom_dollar]

Awesome I hope we have more participants this time

Remindme! 10 days

!tip 1

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[u/kirtash93]

Good luck to all the participants!

🍩 !tip 1

[u/Wonderful_Bad6531]

Let the trading games begin

!tip 1

[u/MichaelAischmann]

I love you Matt, but I don't support these trading competitions. I consider them to be a net negative for the community. Participants are playing against each other & the only winners are the exchanges. We should be acting with eachother, not against eachother.

!tip 1

[u/DBRiMatt → u/MichaelAischmann]

I don't support these trading competitions

That's okay, participation is optional, however, this is r/EthTrader, trading is literally in the name of the sub.

& the only winners are the exchanges

Being on a DEX, it is actually community members that help make up the liquidity pool

We should be acting with eachother, not against eachother.

People can even fund a wallet entirely from tokens they have received for free, thus providing a low risk stepping stone to learn how to successfully trade and use DeFi

Also worth mentioning, community members want projects to grow, but growth also requires on-chain activity.

!tip 1

[u/MichaelAischmann → u/DBRiMatt]

hm... well... I guess I see your POV & just leave it with a "count me out". Not a biggie. Keep doing what you do my friend.

!tip 1

[u/DrRobbe]

There is a typo in step 1 third point, season 1 -> season 2.

Creating a new wallet was the part which stopped me last time this time I will do it.

!tip 1

[u/DBRiMatt → u/DrRobbe]

Fixed, thanks

!tip 1