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May 28, 2024

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4

min read

Testnet Trading Competition

Ostium's only public testnet trading competition launches today! 🎉

We’re thrilled to announce Ostium’s public testnet trading competition! The competition runs from 13:00 UTC Tuesday 5/28 through 21:00 UTC Friday 6/7, with over $10k in prizes. Our public testnet is permissionless and free for anyone to participate and earn rewards in.

Ostium is the perpetuals listing engine for Real World Assets, and makes perp-like trading on any asset possible. Commodities like gold, oil, and natural gas, indices like the Nikkei 225 and Hang Seng 50, and G10 foreign exchange pairs are all live for trading today. Ostium’s vision is simple: to become the largest perpetuals exchange in DeFi by democratizing trading on every liquid asset on earth.

📆 Competition Period

Tuesday May 28th, 2024 13:00 UTC to Friday June 7th, 2024 21:00 UTC

- Check start times in your time zone here.

- No need to register – anyone is eligible to begin trading

Note: Your public wallet address will appear on our leaderboard.

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🏅 Prizes

Participants will be eligible for prizes in three categories: 1) Total wallet PnL percentage performance (”Best Trader”), 2) Single trade PnL percentage performance (”Best Trade”), and 3) Most number of opened and closed trades (”Most Trades”). Please note only closed trades will count towards the trading contest leaderboard, meaning any open trades must be closed by 19:59:59 UTC 6/7 to be included in the final leaderboard determining prize allocation.

Additional prizes may be awarded to those supplying the most high-quality, actionable feedback on the platform through the interface’s “Give Feedback” function on the top right portion of the screen. Do not submit multiple of the same feedback or generic, canned responses as these will not be counted.

Prizes will be distributed in the days following the competition’s close based on ranking on the leaderboard at the time of competition’s end. Both longs and shorts across all trading pairs count towards performance. Prize amounts below will be paid out in USDC on Arbitrum.

📌 Summary and Disclaimers

- The top five traders across each of the three categories will receive prizes for a total of $10k in prize money.

- Some providers of exceptionally high-quality feedback may receive prizes on the order of 25-100 USDC. Do not submit repeated or canned feedback, as this will not be counted. Rewards are merit-based, e.g. reporting a hard-to-identify bug or actionable, specific improvement suggestions would be considered high-quality feedback.

- Prizes will be distributed within 14 days of the competition’s end. Please allow several days for feedback ranking and analysis.

- Ostium reserves the right to modify competition period, reward distribution, activity and any other related matters at its sole discretion, for technical reasons or otherwise.

- Ostium is not available to OFAC-sanctioned individuals or groups. Citizens or residents of the following jurisdictions are not permitted to use Ostium’s interface: Myanmar (Burma), Côte D’Ivoire (Ivory Coast), Cuba, Crimea and Sevastopol, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, Nicaragua, Democratic People’s Republic of Korea (North Korea), Somalia, Sudan, Syria, the U.S., Yemen, Zimbabwe or any other state, country or region that is included in the Sanction Lists.

https://www.ostium.io/testnet-trading-competition

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