zkMania Season 2

zkMania is back with Season 2 this time round to incentivise our traders and stakers! Prize money will be USD 50,000 worth of $FUL. The more you trade, and the more FLP you stake, the more points and FUL rewards you can get.

Event Details

⏳ Campaign Period: Feb 6, 2024 9am UTC — May 6, 2024 9am UTC.

📍 Where: https://fulcrom.finance/ - zkSync Era

💰 Prize: USD 50,000 worth of $FUL to be distributed to all eligible users based on their share of the total points during the Campaign Period.

📝 How to participate?

1. Connect your crypto wallet on Fulcrom Finance - zkSync Era network

2. Fund your account

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.

📜 Rules

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.

🧮 How do I earn Points?

You can earn points by (A) trading or (B) staking FLP on zkSync Era.

(A) Trading

Every valid trading volume of USD100 will give you 10 points.

For example: User A trades USD1000. They will gain (1000/100) * 10 points = 100 point

(B) Staking FLP

Every valid FLP staking volume of USD100 will give you 5 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] * 5

• 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 * 5 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

An additional 50,000 points will be allocated to the top FLP staker at the end of the event, which will significantly boost his share of the FUL reward allocation 💰

💰 How much FUL will I be rewarded?

It depends on your share of the total points gained by all participants during the Campaign Period. The more an eligible user trades and stakes, the more points hence FUL rewards will be claimable.

60% of the FUL rewards will be claimable via the Dashboard directly during the Reward Redemption Period, while the remaining 40% will be vested over 4 months (10% per month) from the time of the user’s Reward Redemption, which shall also be claimable via the Dashboard once vested. The “Reward Redemption Period” is the period during which eligible recipients can claim up to 60% of their FUL rewards from the dashboard on fulcrom.finance (each such claim being a “Reward Redemption”), and it shall begin within fourteen (14) days of the end of the Campaign Period and end on a date as announced by Fulcrom Finance in its sole discretion.

🔍 How can I check my points?

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.