Gasless Trading PvP Contest V1.0

Glyph Exchange
3 min readApr 18, 2024
Gasless Trading Contest v1.0

✅ Ape $BTC or $CORE before halving
✅ Trade without gas fee
✅ Get rewarded by trading
👀 Make more transactions to take part in Core Ignition

gm Trader G, go trade and compete on Glyph Exchange’s V2 Swap on Core Chain in a gasless environment.

Note: Remember to check price impact before swapping!

Trading Competition Details

Join the Gang to enroll

Join the Gang by completing the Galxe campaign, you will be automatically enrolled to this competition. You may enter at any point before or during the competition, simply start trading on Glyph Exchange’s V2 Swap on Core Chain during the competition period to compete.

Scoring System

Trade eligible pairs during the competition to earn trading scores. Scores will be calculated according to activity and volume, where activity is the number of transactions and volume is USD equivalent of all transactions.

Eligible Trading Pairs:
• w
CORE / stCORE
• wCORE / USDT
USDT / USDC
WBTC / USDT (1.5x Bonus)
• wCORE / WBTC (1.5x Bonus)
WBTC / coreBTC (1.5x Bonus)
ASX / WBTC (1.5x Bonus)

⚠️ Only $wCORE (Wrapped $CORE) is supported for the gasless transaction. We suggest you to wrap your $CORE before you compete in any $wCORE related pools!

Activity — Trade any amount in the eligible trading pairs in a gasless environment. Tho the first 50 swaps will give you activity points. 1 swap = 50 points, max. 2500 points per day.

Volume — Total USD equivalent of transaction volume, USD value will be based on the value at the moment of swap. (Bonus points will be given to trading $WBTC & $coreBTC pairs, volume will be multiplied by 1.5x, routing via $WBTC will not count)

Score — Your score will be adjusted based on activity and volume according to this formula: Activity + 0.1 * Volume

Score Calculation
score = sum[Activity] + 0.1 * sum[Volume]
sum[Volume] = sum[$WBTC/$coreBTC pair USD value] * 1.5 + sum[other pair USD value]
sum[Activity] = 50 * number of swap (when swap amount is not greater than 50)

For example:
User swaps $100 in $CORE for $WBTC, then the same user swaps $100 in $USDT for $CORE.

Activity = 100 points (50 * 2 swaps)
Volume = 250 (100USD equivalent * 1.5 + 100USD equivalent)
Score = 125 points (100 + 0.1 * 250)

Timeline

Competition Period: April 18 8:00 AM to May 1 8:00 AM (UTC)

  • Competition Period (April 18 — May 1)
    Trade eligible pairs during the competition period to earn trading scores.
  • Score Calculation (May 1— May 3)
    Final scores will be calculated and tallied within 48 hours after the competition ends.
  • Results Announcement (May 3)
    Winners will be announced!

Prizes

$10,000 USD worth of $CORE, split amongst Top 51 traders

1st place = $3,000 in $CORE
2nd place = $2,000 in $CORE
3rd place = $1,000 in $CORE,
4–11th place = $250 in $CORE ($2,000)
12–51th place = $50 in $CORE ($2,000)

Everyone who joined the contest will receive a Trader G role and 50 discord points

Note: The L7D average $CORE closing price will be used to calculate the final $CORE rewards to be distributed.

About Glyph Exchange

▪️ Glyph Exchange is the flagship DEX for Bitcoin DeFi on the Core blockchain. The platform drives EVM liquidity to amplify Bitcoin-Powered crypto asset trading, connecting EVMs to Bitcoin Building Bitcoin-Fi on CoreDAO 💸

Official Links

Website | Twitter | Discord | Telegram | Docs

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Glyph Exchange

Glyph Exchange is building the Bitcoin-powered flagship DEX on CoreDAO.