zkEVM Frenzy (Cronos zkEVM)
Last updated
Last updated
To celebrate our launch on Cronos zkEVM, we are running zkEVM Frenzy - a trading & staking competition! Prize will be USD 20,000 worth of $FUL. Trade & stake more FLP to earn points and climb the leaderboard
⏳ Campaign Period: Aug 15, 2024 9am UTC — Oct 15, 2024 9am UTC.
📍 Where: https://fulcrom.finance/ - Cronos zkEVM
💰 Prize: USD 20,000 worth of $FUL to be distributed to the top 20 participants based on their total points earned during the Campaign Period.
1
USD6,000 worth of $FUL
2
USD4,000 worth of $FUL
3
USD3,000 worth of $FUL
4-10
USD600 worth of $FUL
11-20
USD280 worth of $FUL
1. Connect your crypto wallet on Fulcrom Finance - Cronos zkEVM network
2. Fund your account
(a) Bridge assets via Cronos zkEVM Bridge
Bridge assets if you have existing assets on Ethereum
(b) Swap tokens via H2 Finance
Users can swap tokens if they have existing assets on Cronos zkEVM to start trading/staking on Fulcrom
3. Start staking FLP and trading on Fulcrom
Open position(s) of your desired pairs as usual. Both market order or limit order will be counted into your Trading Score for the Campaign Period.
Buy and stake FLP by purchasing with any of the supported tokens in our FLP pool.
Your points will be calculated automatically*.
4. Check your performance
Visit our leaderboard to check your rank against other traders
You can also track your trading points using the Dashboard
*Points will be updated every 60 seconds. Leaderboard ranking will be refreshed daily at 00:00 am UTC. Rankings on the leaderboard do not automatically qualify or entitle users to any trading points or rewards. Involvement in any campaign, program or competition (“Competition”) is contingent on satisfying the particular eligibility and participation rules and criteria established for that Competition. Final determination of eligibility for any Competition is subject to the sole discretion and confirmation of Fulcrom Finance.
To ensure a fair trading event for all participants, please take note of and follow the rules below:
Only trades and staking made during the event period will be counted towards the competition.
The use of bots or any attempts at market manipulation or other bad trading practices in the event organizer’s absolute discretion (including, without limitation, wash trades, false trading, self-dealing) are forbidden and may result in disqualification.
The event organizer reserves the right to disqualify any participant who violates the competition rules, in the event organizer’s absolute discretion.
The event organizer reserves the right to change the competition format, rules, mechanics or prizes in its sole and absolute discretion, at any time without prior notice.
Participants are solely responsible for any tax and reporting liabilities, and any other costs or expenses arising from the prizes they receive.
Fulcrom Finance reserves the right to make the final decision upon any dispute.
You can earn points by (A) trading or (B) staking FLP on Cronos zkEVM.
Trading Score of each trade = (PnL %) * sqrt(volume)
where PnL% of each trade = PnL before fees / collateral of each trade
PnL = realized PnL
If user’s PnL% is negative, the score will be 0 and it will not go below 0.
By using higher leverage on trades where you feel confident, you can increase your probability of winning the competition.
💰 Early Bird Bonus 💰
Connect your wallet and start trading within the first 24 hours to receive an additional 10% bonus on your trading volume points throughout the competition period, i.e. ALL trades until the end of the campaign period will receive the 10% bonus
Every valid FLP staking volume of USD100 will give you 10 points. Points will be calculated to the nearest USD 100 of staking volume.
To calculate the points earned from staking:
Points = [(Total FLP amount staked - Total FLP amount unstaked) * TWAP / 100] * 10
Total FLP amount staked - Total FLP amount unstaked = Net FLP amount staked
Net FLP amount staked * TWAP = Total USD value staked
Total USD value staked / 100 = Number of USD 100 units
Number of USD 100 units * 10 points per USD 100 unit = Total points
Price of FLP is calculated using TWAP from the first deposit to the end of event, in which TWAP represents the average price point from each FLP staking during the event period:
(USD amount staked / Amount of FLP staked) / Total number of stakes
For each staking transaction, the price point is calculated as:
(USD amount staked) / (Amount of FLP staked)
These price points from all staking transactions are then averaged to calculate the TWAP, in which the total number of staking transactions is used as the denominator to calculate the average
If you unstake during the Campaign Period, your points will be affected as it is calculated based on Net FLP amount staked * average TWAP.
You can check the trading points using Dashboard or Trade Square Leaderboard*.
*Rankings on the leaderboard do not automatically qualify or entitle users to any points or rewards. Involvement in any campaign, program or competition (“Competition”) is contingent on satisfying the particular eligibility and participation rules and criteria established for that Competition. Final determination of eligibility for any Competition is subject to the sole discretion and confirmation of Fulcrom Finance.
