Terms & Conditions

To join the competition, an enrollment fee is required as follows:

• Basic: 1000 $DTL
• $DTL Gold members: 750 $DTL
• $DTL Platinum members: 500 $DTL
• $DTL Diamond members: Free

Participation Requirements:

• Transfer 1000 dUSD and 3 DFI to a new, unused, or emptied DVM address designated exclusively for the competition.
• Participants can register one week prior to and up to one week after the competition’s official start.
• The enrollment can be done via THE Wallet at https://defichain.trade/dtw. There is a step by step video guide here.
• Please send a direct message with your nickname to @honzan9 on either X or Telegram. This information is required to facilitate contact as necessary. Participants who are unreachable will be disqualified from the competition.
• Your address will be validated by the jury to ensure competition integrity. The DFI will cover UTXO fees for creating a vault, etc. Only one vault is allowed per address for minting dTokens, and collateral must come from the 1000 dUSD invested in the competition.
• Multiple addresses can be used, provided the enrollment fee and trading capital are paid and deposited for each address. During the four-week competition, no inflows or outflows are permitted from the competition address.
• For competition updates, join us on Telegram: THE Wallet.
• With your permission, your nickname will be displayed in the live rankings, and your trading address will be visible for others to follow. If you prefer to keep this information private, please send us a DM to let us know.
• Wait for confirmation from the operators verifying your address and enrollment.
• Once enrolled, no further transfers are allowed to or from your trading address.

Trading Rules:

• All trading instruments available on the DEX, including Liquidity Mining and Future Swaps, are allowed.
• The jury will oversee all addresses, with tracking conducted on www.defichain.trade.
• To maintain fairness, artificially boosting your DTM account using your own or third-party accounts is strictly prohibited. Modest trade synchronization between your DTM and other accounts is allowed, but “unreasonable bolstering” (e.g., sandwiching trades resulting in losses or reduced profits on other accounts) will lead to disqualification.
• The use of bots is permitted! Let’s see who comes out on top: Humans or Bots?
• The prize pool will be funded by enrollment fees and sponsors.

Event Details:

• The competition is open to all levels of trading experience. Even new traders have a chance to win, thanks to the unpredictable nature of the market. With a low trading capital requirement, the event is accessible to as many participants as possible.
• The competition’s start and end will be marked by specific blocks, and no trades are allowed before or after these blocks. Block numbers can be found here.
• After the competition ends, the jury will announce the winner. All traders must close their trades before the final block, which marks the competition’s end. Any trades executed after this block will result in disqualification.
• To determine the winner, participants must ensure their trading address contains only dUSD. No DFI, dTokens, or Vault balances will be considered. The participant with the highest amount of dUSD will be declared the winner.

Fair Play and Integrity:

• This competition is a trading event, not a gambling scenario. The goal is to increase capital by trading dTokens on a decentralized exchange.
• Our jury will closely monitor for any suspicious trading activities, and serious violations will lead to disqualification.

Feedback and Support:

• Your feedback is valuable! If you’d like to offer input or sponsorship, please contact us via:
  • Twitter: @DefiDexTrader, @honzan9, @Defichaintrade, @dPuschiii
  • Telegram: @honzan9

Important: Follow these steps carefully to ensure a smooth registration process. If you have any questions or concerns, don’t hesitate to reach out. Good luck in the competition!