Coinwire Announces Collaboration with Horizon Futures for Season 2 Testnet Trading Competition

We are excited to reveal our latest partnership with Horizon Protocol for the launch of Season 2 of the Testnet Trading Competition, starting on May 6th, 2024. The competition promises an immersive experience without any risks in decentralized futures trading with cutting-edge features such as 50x leverage, and automated order options like limit, stop, take-profit, and stop-loss, all on Horizon Protocol’s V2 Futures Exchange.

Horizon Future Testnet Trading Season 2 Overview

Timelines:

  • Start Date: May 6th, 2024 (00:00 UTC)
  • End Date: May 27th, 2024 (00:00 UTC)

Prize pools:

A prize pool of 2,000 $PYTH tokens is shared between the top 10 traders with the highest PnL, distributed as follows:

  • 1st Place: 800 $PYTH
  • 2nd Place: 500 $PYTH
  • 3rd Place: 350 $PYTH
  • 4th-10th Place: 50 $PYTH each

Guidelines:

To participate, contestants are required to follow these guidelines:

  1. Access the Horizon Protocol V2 Futures Exchange.
  2. Connect their wallets to the Arbitrum testnet. Check out their testnet guide here.
  3. Obtain testnet zUSD (margin), HZN (for minting zUSD), and ETH (for transaction fees) from the designated faucets before initiating their first trade during the competition.
  4. Execute trades between May 6th, 2024 (00:00 UTC), and May 27th, 2024 (00:00 UTC).
  5. Register on the Galxe campaign with your wallet address for scoring evaluation before the competition period ends.

Participants can enhance their eligibility by completing Galxe tasks, such as sharing their trade posters on social media using #HorizonFutures to earn additional rewards.

Read more: Gate.io’s Airdrop Program: First 100 Members Get 20 USDT on Coinwire

The competition will recognize the top 10 traders with the highest Percentage of Profit and Loss (PnL) during the contest period. Regular leaderboard updates will be shared throughout the competition, ensuring transparency and excitement until its conclusion.

Coinwire emphasizes the importance of adhering to the competition rules, including refraining from transferring zUSD balances or adding collateral to the margin account post the first trade, to maintain eligibility for rewards.

Winners can anticipate receiving their prizes within 7 days of the competition’s conclusion.

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Read more: Horizon Protocol Futures Testnet Now Live!

Meanwhile, you can read more details about their Testnet Trading Season 1 here.

About Horizon Protocol

Horizon Protocol is an innovative decentralized platform for trading derivatives and accessing real-world assets through synthetic assets. This protocol enables users to engage in swaps and perpetual futures involving real-world assets like fiat currencies (USD, EUR, JPY) and commodities such as gold and silver.

Operating on a peer-to-pool model that eliminates the need for a counter-party, Horizon Protocol offers decentralized finance (DeFi) traders advantages like low fees, extensive liquidity, and zero slippage when trading global synthetic assets. Horizon Protocol distinguishes itself with a strong emphasis on user-friendly design and educational resources aimed at empowering the community to grasp the potential of DeFi derivatives.

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