Fungify Paper Trading Competition
Discover more from Fungify NFT
As we draw closer to Fungify's anticipated launch this quarter, we're pleased to unveil our trading competition — a blend of real trading conditions with paper assets.
The total prize pool is worth over $100K. Top performers can win a MAYC, Pudgy Penguins or a Milady alongside prizes from our Sponsor NFTPerps.
Our visibly active community members have a spot guaranteed. For newcomers, entry will only be granted to addresses that have a demonstrable record of activity on mainnet.
The goal is simple: use the Fungify App to maximize your profits, using a combination of leverage, longing, and shorting the NFT market.
Rules
All participants must be registered prior to the start of the competition. Sign up at signup.fungify.it. Registration will begin 09/22/2023.
Participants must have an active address (Tx dating back at least a month) on mainnet or active twitter account
Each participant will be placed on a team
Each participant will start with $500k of mock USDC
Transferring mock USDC to or from your address will disqualify you from competition.
Utilizing more than one wallet to manipulate the competition in any way will disqualify you from the competition.
Trading between team members to boost individual PnL will cause disqualification. Ex. Buying/Selling of NFTs at low price.
Engage with the Fungify protocol at least once during the competition in order to qualify as a active participant
Individuals are placed on a leaderboard for individual rewards.
Team drafts will start on 10/02/2023.
Fungify has sole discretion regarding violations of these rules to ensure a fair competition for all.
🏆 Prize Chest:
Solo Spores
🥇 1st Place* (Highest PnL Overall): MAYC
🥈 2nd Place* (Highest PnL of Winning Team): Pudgy Penguin
🥉 3rd Place* (Highest PnL of Losing Team): Milady
*If there’s an overlap, the next in line gets the reward.
1st through 5 on winning team will be distributed 3k vNFTP Tokens sponsored by NFTPerps
Squad goals:
Winning squads earn 1k FUNG Tokens per member. Top 10 performers get an extra 1k FUNG Tokens. The runners-up aren't left behind — they bag 500 FUNG Tokens each.
Weekly Prizes:
Throughout the tournament we will have weekly prizes for active traders. Details will be announced at the start of each week.
How to Register:
To register, go to signup.fungify.it and complete the registration task. Registration will begin 09/22/2023. The team drafts will start on 10/02/2023. The competition will be tracked and you’ll be able to check your rankings daily on the official leaderboards.
TL;DR:
Registration start date: 09/22/2023
Registration form: signup.fungify.it
Team draft start date: 10/02/2023
After the Paper Trading Competition begins: You will load your wallet with 500k mock USDC to use for trading.
About nftperp
nftperp is the leading perpetual futures DEX for NFTs, allowing you to take long or short positions on blue-chip collections with up to 10x leverage.
About Fungify
Fungify is a non-custodial NFT peer-to-contract marketplace and algorithmic lending protocol, allowing for instant NFT sales, immediate NFT-backed loans, and a yield-bearing NFT index token. With a small set of elegant primitives, Fungify solves the most challenging problems at the intersection of NFTs and DeFi.
Dive Deeper
Join us on Discord