On Thursday 22nd of September, we’re releasing a freshly upgraded network and will be running the ‘Near in Bear’ trading incentive game on the NEAR USD market. Instead of using the usual XYZ tokens, the incentive will be trading using iUSDC, an ERC20 token that has been proposed and created via governance — this was done to simulate a more realistic scenario. The asset still needs to be sent by the Vega Team so do not forget to register.
The rules are simple, Trade the iUSDC asset, increase the position as much as you can and end up in the top 40 with the largest percentage gain.
The leaderboard is based on percentage gain and calculated according to (final balance - total deposited)/(total deposited).
Aim for the top spot on the profit leaderboard to receive the highest reward according to the distribution table below.
By competing in a lifelike market for a share of the VEGA incentives, you’ll learn about Vega and find out first-hand what it’s like to trade on Vega markets.
In addition to the trading game incentive we would highly appreciate any bugs or suggestion of improvements to the console to be submitted on github discussions.
The project will also benefit from all the data created, metrics collected, and feedback received, which will help develop and improve the protocol. If we’re really lucky and something goes wrong we might even find and fix some bugs!
To compete in this incentive, you need to:
Please note, if you are using a local CLI wallet, you are required to run version v0.16.1 (or later), as for the Vega Wallet Desktop app v0.2.0 is required. You can download the latest wallet by following these instructions.
All announcements for this market will be made via the Vega Protocol Twitter account @vegaprotocol so make sure you follow to stay up to date.
The the following reward structure of 1500 $VEGA is divided among the top 40 with the highest %PNL.
|40 & Bonus||dkumzy*||50 VEGA|
|Bonus||Charles ace*||30 VEGA|
After 25th October 2022, winners will be able to get a token claim link by logging onto the token rewards website with the Twitter account used to register for Fairground Incentives (this is the Twitter handle on the list above). You will be asked to confirm your country of residence - unfortunately, those in restricted countries will not be able to claim tokens.
This is a unique, one time use link, and not specific to any individual so it can be used by anyone to claim tokens. Please treat it with the same security as you would a token. Unfortunately, Vega cannot rectify any mistakes, lost links, or links that have already been used. You know the drill!
All tokens have a linear vesting. All tokens, either locked or vested, can be staked on the Vega network once it is live.
All announcements for this incentivised period will be made via the official Fairground Twitter account @VegaFairground so make sure you follow to stay up to date. This includes changes, updates and early closing of the period.
Check out the Incentive Terms and Conditions for information related to all incentives.