gTrade Unveils $400K “Trick or Trade” Halloween Contest on Arbitrum

gTrade Launches $400K “Trick or Trade” Halloween Contest on Arbitrum

gTrade is launching a Halloween contest called “Trick or Trade,” offering a total prize pool of $400,000. This event will be exclusively held on the Arbitrum network, known for its strong liquidity pools and trading volume. The contest includes two categories: a Profit & Loss competition and a trading volume competition, each with a prize of $200,000.

Key Takeaways

gTrade is hosting the “Trick or Trade” contest on the Arbitrum network, offering $400,000 in prizes.
Two separate categories will be featured: a Profit & Loss competition and a Volume competition, each with a $200,000 prize pool.
The contest is part of gTrade’s strategy to enhance liquidity on Arbitrum while maintaining multi-chain access for traders.
gTrade enables decentralized leveraged trading across various markets without requiring KYC.

Main Content

Although gTrade operates across multiple blockchains, the “Trick or Trade” competition will be exclusively held on Arbitrum. This decision is based on Arbitrum's strong liquidity pools and high trading volume experienced in the past. Moreover, this challenge aligns with gTrade’s long-term plan to centralize liquidity around its deployment on Arbitrum while ensuring that traders can access multiple chains.

gTrade is allocating its own protocol funds to support this competition, which is valued at a whopping $400,000. This funding comes after the platform received 4.5 million ARB from the STIP incentivization program and an additional 2.25 million ARB through STIP.B in 2024. All transactions for both categories of the contest will utilize USDC as collateral, making it a streamlined process for participants.

Contest Categories

The “Trick or Trade” competition comprises two simultaneous categories:

P&L Competition – Prize Pool: $200,000
Volume Competition – Prize Pool: $200,000

Top traders on Arbitrum will be recognized based on their overall trading volume, using a time-weighted multiplier that rewards those who maintain their positions for longer durations.

As gTrade strives towards its ultimate goal of creating seamless liquidity while providing global traders with consistent cross-chain access, this competition marks yet another pivotal achievement for the platform.

Developed by Gains Network, gTrade is a decentralized leveraged trading protocol that offers non-custodial access to a variety of markets, including cryptocurrencies, foreign exchange, indices, commodities, and stock markets. With its cross-chain architecture, one-click trading feature, and the absence of Know Your Customer (KYC) requirements, gTrade allows users to trade with high leverage and minimal friction.

For more information, you can visit the website at gains.trade or check out the documentation available at docs.gains.trade.