El Dorado Exchange Testnet Trading Competitions Coming Soon

By El Dorado Exchange | El Dorado Exchange | 19 Oct 2022

As many of you know, we have been building El Dorado Exchange for quite some time now and have been going through an iterative testing procedure in order to ensure the DApp is at a functioning level.

Due to the success of our testnet testing, we are pleased to announced that we are opening the doors to the wider market with a globally accessible test net trading competition(s)!

Here's a sneak peak at what’s to come!

Testnet Trading Competitions Rules

The rules of the competition are quite straight forward and are relatively similar to many other trading competitions.

Where is it being held? — On our BSC testnet version of the DApp.

Who can participate? — Anyone, just claim from the faucet and begin trading!

When is the competitions? — To be announced via discord & twitter, as well as on a leaderboard section on the DApp. Follow our socials to keep up to date!

What is the metric for winning? — Cumulative ROI, recognizing trades >$500 in value. So any position, long or short, so long as the amount is GREATER than $500 will be recognized, and any profits or losses will be recorded against a wallets cumulative return on investment.

Are there prizes? — Yes!! Each competition will have a different prize pool attached to each rank or each rank bracket. Those who rank in top 10 will be paid out in $BUSD, those who rank 11–100 will be paid out in $alphaEDE tokens, vested tokens available for staking at launch.

How long will each competition last for? — To be announced as each competition occurs. Follow our socials, join the discord and keep your eye on the DApp to ensure you aware of the timeframes!

How many competitions will there be? — There will be roughly 4 competitions, with the first being a proof of concept, meaning small timeframe & small reward, rewarding top 5 participants to showcase the trading competitions as well as to iron out any bugs. The following competitions will reward more and will reward up to rank 100. Follow our socials & join the discord to keep informed regarding this!

When will the first competition take place? — We are hoping for this to begin 21st of October, 2022 and continue through until November 10th. Follow our socials & join the discord to keep informed regarding this!