We’re excited to share an important update regarding the awaited disbursement of rewards from the first and second trading competitions EMDX have run over the past years. Your unwavering support has been a cornerstone in navigating the challenges we faced, and it’s time to celebrate our collective resilience and dedication.
Trading Competition Rewards Fulfillment.
Our inaugural and subsequent trading competitions showcased the dynamic engagement and enthusiasm within our community.
While all USDC prizes have been duly awarded to their deserving winners, as for the EMDX tokens, we appreciate your patience as we navigated through our Token Generation Event (TGE) and the challenging period that followed.
Below, you will find a comprehensive breakdown of the rewards allocated for each competition:
1) First EMDX Trading Competition
- Prize Distribution:
1st place — 4,500 USDC | 45,000 EMDX
2nd place — 2,500 USDC | 22,500 EMDX
3rd — 5th — 1,250 USDC | 12,500 EMDXth-100th — 100 USDC | 1,000 EMDX
(USDC prices have been paid in full).
2) Second EMDX Trading Competition
- Prize Distribution:
1st Place — 4,000 UST + 40,000 EMDX
2nd Place — 2,000 UST + 20,000 EMDX
3rd-5th — 1,000 UST + 10,000 EMDX
6th-10th — 300 UST + 3,000 EMDX
11th-20th — 150 UST + 1,500 EMDX
21th-50th — 100 UST + 1,000 EMDX(USDC prices have been paid in full)
Distribution Plan.
Our distribution plan is designed to balance our commitment fulfillment with the stability of the EMDX token. We aim to prevent market disruption by avoiding a large influx of tokens.
Despite reducing the total supply of EMDX tokens by 50% (from 1 billion to 500 million), we have maintained the full prize amounts. This decision is a gesture to partially compensate the reward beneficiaries and uphold our commitment to them..
Moving Forward.
The journey has been challenging, yet rewarding. Your trust and engagement have been invaluable in steering EMDX towards a brighter future. We’ve made tough decisions, but they’ve been necessary steps towards our evolution and growth.
Our commitment remains strong, and with these reward disbursements, we’re not just fulfilling a promise; we’re setting the stage for the next phase of our journey. Together, let’s continue to revolutionize the DeFi landscape.
Stay tuned for more updates, and thank you for being a pivotal part of the EMDX family.
Warm regards,
EMDX team
