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Trading Sweepstakes - Season 1
Weekly trading sweepstakes on the Zeta DEX!
Every week any trader on the Zeta DEX that meets certain criteria are eligible for that week's sweepstake.

Eligibility Criteria

  • Must fill in the Entry Form (see end of page or click the hyperlink!)
  • Must be following Zeta on Twitter​
  • Must be a member in the Zeta Discord​
  • Must trade at least 5 contracts on Zeta Mainnet - Please note that 1 option or 1 future == 1 contract. Trades must be *executed* - placing an order is *not* sufficient.
  • Must follow any instructions shared in Announcements on the Zeta Discord

Sweepstakes Mechanics

  • Each sweepstakes follows a lottery mechanic with a ticketing system
  • Each contract traded on the Zeta DEX is equal to 1 ticket
  • At the end of each week, tickets are entered into a draw for that week's prize; naturally, the more tickets a user has, the higher their chances are of winning. Let's take a look:
    • Bob traded 5 contracts
    • Alice traded 50 contracts
      • In this scenario, Bob has 5 tickets & Alice has 50 - Alice has a ~91% (50/55) chance of winning the prize!
  • We will post regular updates in our #Sweepstakes channel on Discord: [link]

Grand Prize Mechanics

What is the grand prize? [redacted]! Please note that a [redacted] will need to happen in order for prize to be claimed.
  • Tickets are cumulative & count towards the grand prize provided a user has at least 75 tickets (75 contracts traded!)
  • The grand prize will be awarded in the final week of the sweepstakes (see Prizes below)
  • Multipliers:
    • Users in the top 30% of ticket holders have a 2x multiplier to their ticket balance
    • Users in the next 30% of ticket holders have 1.5x multiplier to their ticket balance
    • Users in the next 40% of ticket holders have a 1x multiplier to their ticket balance
Percentile Rank
Multiplier
60.01 - 100.00
2x
30.01 - 60.00
1.5x
0 - 30.00
1x
  • Let's take a look at an example
  • Bob has 5 tickets and is in the 75th percentile: Bob's multiplier is 1 so they keep 5 tickets (5 *1)
  • Alice has 50 tickets and is in the 8th percentile: Alice's multiplier is 2 so they have 100 tickets (50 * 2)!
  • Each week we will publish the cumulative leaderboard here: [link tba]

Weekly Prizes

Date(s)
Prize(s)
Status
18/05 - 27/05
3 winners - $250 USDC each
Concluded
27/05 - 10/06
Orcanaut NFTs
Concluded
10/06 - 17/06
3 winners - $250 USDC each
Concluded
17/06 - 24/06
3 winners - $250 USDC each
Concluded
24/06 - 01/07
3 winners - $250 USDC each
Concluded
01/07 - 08/07
3 winners - $250 USDC each
Concluded
08/07 - 15/07
  • 3 winners - $250 USDC each
  • Grand Prize Winners!
Concluded - winners announced 18/07

Entry Form

Last modified 25d ago