TribeOne NFT Brawl — testnet trading competition

TribeOne
2 min readDec 13, 2023

Test your trading prowess by longing and shorting NFT Collections on TribeOne’s perpetual swaps platform; Climb the leaderboard ranks and win prizes — A prize pool of 15.000 USDT worth of $HAKA is waiting for the best NFT traders!

Participating in the testnet provides immense benefits for our project and its development. The engagement of users in the testnet phase allows us to hone the power within our community, driving innovation and improvement in our protocol. By involving users in the testing process, we gain valuable insights, uncover potential issues, and receive feedback that helps us refine our platform, enhance its functionalities, and ensure a seamless user experience.

Even though on testnet and with “play money”, the platform mirrors real-life NFT price movements and allows you to train and test your skills as a Perpetual Swaps NFT trader. Whether you’re a seasoned altcoins trader or a professional NFT flipper, you will surely find perpetual swaps refreshing and challenging at the same time. A new way to trade NFTs!

Whether you are looking to enhance your trading skills, gain practical experience, or simply enjoy the excitement of trading an innovative product, TribeOne’s NFT Brawl will be an engaging experience with a chance to win big. Check the details how to register below:

Registration

  • Sign up for the trading competition on our official discord
  • Use the bot in 🧊│register-here, providing your address
  • Change Dec 17th: Only one address per discord account
  • Registered addresses will receive 200,000 of testnet $HAKA (to mint hUSD)

Competition rules

  • Competition runs from Dec 13th 16:00 UTC until Dec 31st 16:00 UTC
  • Trade BAYC/hUSD pool on https://v3.tribeone.io/perps/
  • Leaderboard is created by checking the ROI of the participating wallets
  • PNL of open positions is calculated at the time of the final snapshot (Dec 31st, 16:00 UTC)
  • Min. 30k hUSD trading volume is required to be eligible for prizes
  • Min. 50 positions created (50 x open position and 50 x close position events)
  • Positive ROI is required to be eligible for prizes

Rewards

  • 1st Place: 4,500 USD equivalent of HAKA* and 888 USD equivalent of ARB*
  • 2nd place: 3,000 USD equivalent in HAKA
  • 3rd place: 2,000 USD equivalent in HAKA
  • 4th — 10th place: 300 USD of HAKA each (7 x 150 = 1050 USD pool)
  • 11th — 30th place: 100 USD equivalent in HAKA each ( 20 x 100 = 2000 USD pool)

Bonus rewards

  • Bottom 3 of lowest final ROI (bottom of the list, min 30k volume and 50 trades still applies, positive ROI — not): 100 USD of HAKA each (3 x 50 = 150 USD pool)
  • Fastest liquidation of a position: 100 USD of HAKA

Winners announcement

We will be updating the leaderboard periodically and announce the final results of the trading competition on our official discord and twitter account after January 1st.

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TribeOne

TribeOne is an AI Powered NFT and DeFi funding Platform