EMDXGames: The First in a three-match series

We’re happy to introduce EMDX Games: The first of a three-match trading series to take place during Q2 2022.

We’re nearing the end of the Beta Testnet’s final stage on our way to mainnet and to celebrate this milestone we’re inviting all users who are willing to take on this challenge and put all their trading skills to work.

• Starting Date: April 12th at 1PM UTC, 2022
• Ending Date: April 19th at 1PM UTC, 2022
• Registration starting: April 6th 2PM UTC, 2022
• Registration ending: April 11th 1PM UTC, 2022
• Link: https://emdx.io/competition
• Registration: Users must register their addresses on https://emdx.io/competition in order to participate in the EMDX Games.
  Users must only register one address to be able to trade. In case EMDX detects one user controlling more than one address, conducting market manipulation, or any other type of deliberate attempt to interfere with the free and fair operation of the market, EMDX reserves the right to automatically ban the user from the competition.
• Trading Markets: This first EMDX Games will only include the following markets on the PERP venue: BTC/USDC PERP, ETH/USDC PERP and AVAX/USDC PERP.
• Purchasing power: Once the registration period is over, their wallets will be funded with 1,000 xUSDC. Traders will not be allowed to transfer their balance to other addresses. Those who infringe this rule will be automatically disqualified from the competition.
• Ranking: It will be based on the realised P&L obtained by each account at the ending date. To be ranked, traders must have all of their positions closed at the deadline.
• Prizes: Total Prize Pool: 15,000 USDC + 150,000 EMDX
• Prize Allocation:
  1st Place — 4,500 USDC | 45,000 EMDX
  2nd Place — 2,250 USDC | 22,500 EMDX
  3rd-5th — 1,250 USDC| 12,500 EMDX
  6th-50th — 100 USDC | 1,000 EMDX
• Prize Distribution:
  USDC will be sent to users’ registered addresses, within 10 business days the competition ends.
  EMDX tokens will be sent within 30 business days after the IDO takes place.

Disclaimer:

• EMDX will be deploying a new set of smart contracts to run the EMDX Games, in order to ensure that everyone has the same purchasing power.
• xUSDC, BTC/xUSDC, ETH/xUSDC and AVAX/xUSDC trading pairs/contracts to be deployed and used in the EMDX Games will be different from the USDC, BTC/USDC, ETH/USDC and AVAX/USDC that EMDX has issued and used in our testnet trading environment, so far.
• Bear in mind that xUSDC and xTrading Pairs will only be able to be negotiated during the EMDX Games.
• Once the trading competition ends, these contracts will no longer be operational.

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