PsyOptions ($PSY) x Gate.io Trading Competition. Join To Win $35,000 Rewards!
PsyOptions ($PSY) x Gate.io Trading Competition. Join To Win $35,000 Rewards! 2
PsyOptions is an American-style options protocol built on the Solana blockchain. The principles that have guided the architecture and development of the core protocol are flexibility and composability. It is completely trustless. The core protocol makes no assumptions on how the options should be traded or priced. Options are represented as SPL Tokens, which means they can be traded on any DEX that supports SPL Tokens.
Time
Jan 27th, 09:00 AM UTC – Feb 3rd, 09:00 AM UTC, 2022.
How To Participate
Activity 1: Trade PSY to share 87,000 PSY (about $20,000)
The top 200 users based on trading volume will share $20,000. 1st Place: 4,000 PSY (about $900) 2nd Place: 3,100 PSY (about $700) 3rd Place: 2,000 PSY (about $450) The 4th-200th place：Will share the remaining 77,900 PSY（about $17,950） based on trading volume.
The 4th-200th place bonuses are capped at 2,000 PSY.
The trading volume of the participants shall be no less than 3,500 PSY (about $800)
Activity 2: First 800 Deposit users to Share $8,000 PSY Airdrop
The top 800 deposits will share 34,800 PSY (about $8,000). On a first come-first served basis!
Participants need to deposit at least 1,800 PSY (about $400).
Activity 4: Invite Friends, Win $3,000 Mega Reward
Users who invite friends to register for a Gate.io account, complete KYC verification and make any amount of valid trades can receive 44 PSY (about $10 USDT) for each invitee.
A total of 13,000 PSY (about $3,000) prize pool, first come, first served.
Activity 5: $1,000 PSY for Twitter Giveaway
From now on, they will start a 7-day 4,400 PSY ($1,000) Twitter Giveaway event to complete forwarding and following tasks and get lucky draw opportunities.
After the event, they will draw 50 people from them and will give 88 PSY ($20) to each.
Rules
The earlier you participate in trading volume the higher the weighting. User trading volume is calculated as (buy volume + sell volume) x (time bonus factor) (not counting same user buying and selling, please do not swipe trading volume). (Time bonus factor) from 1.2 times at the beginning of the campaign to 1.0 times at the end of the campaign, decreasing linearly over time.
Due to varied transaction costs for different VIP levels, in order to keep the competition fair, the transaction volume will be eliminated by multiplying the (actual commission/VIP10 commission) by the difference in user transaction commission.
Due to the difference in transaction cost for referrer rewards, in order to keep the competition fair, the transaction volume will be normalized by whether there is a referrer or not to eliminate the difference in user fee cost.
Notice
Rewards will be distributed to the winning user accounts within 7 working days after the end of the campaign, which can be viewed at “My Finance” – “Billings”.
Only One Entry per person will be permitted (KYC must have been completed). The Sub-Accounts and Master Account will be treated as the same account when participating in the competition.
In order to safeguard every user’s rights and guarantee fairness, the platform will cancel entries for malicious acts conducted during the period, including malicious transaction manipulations, illegal bulk registration of accounts, self-dealing, etc.
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