gTrade Unveils $400,000 “Trick or Commerce” Halloween Contest on Arbitrum

Decentralized perpetual buying and selling platform gTrade, developed by Features Community, has introduced the launch of its Halloween-themed buying and selling contest, “Trick or Commerce,” happening solely on the Arbitrum community from October 22 to November 19.The marketing campaign, backed by a $400,000 prize pool, is aimed toward reinforcing Arbitrum’s position as gTrade’s major ecosystem for deep liquidity and buying and selling exercise. Whereas gTrade maintains a multi-chain presence, this initiative underscores its dedication to concentrating liquidity round Arbitrum, the place it continues to see the best quantity and person engagement.The competition is funded straight from gTrade’s protocol treasury, following the receipt of 4.5 million ARB from Arbitrum’s STIP incentives and an extra 2.25 million ARB via STIP.B in 2024. All trades for the competition should be executed on Arbitrum utilizing USDC as collateral.The competitors will function two distinct tracks:

P&L Leaderboard – $200,000 in PrizesTraders can be ranked by realized or withdrawn revenue and loss (P&L) throughout all buying and selling pairs, together with Actual-World Asset (RWA) and DEGEN markets. Eligible trades should be each opened and closed on Arbitrum utilizing USDC.


Quantity Leaderboard – $200,000 in PrizesParticipants will compete primarily based on cumulative buying and selling quantity. A time-weighted multiplier can be utilized to reward longer-held positions, encouraging strategic buying and selling conduct.

“We designed this competitors to rejoice our Arbitrum merchants and proceed constructing on the community the place our liquidity is strongest,” mentioned Nathan, Mission Lead at Features Community. “By focusing our efforts on Arbitrum, we’re making a extra environment friendly surroundings for merchants and rewarding the neighborhood that has supported our development.”The “Trick or Commerce” contest displays gTrade’s broader roadmap to consolidate exercise on Arbitrum whereas sustaining multi-chain accessibility for customers. It additionally aligns with the platform’s long-term goal of delivering a seamless and environment friendly buying and selling expertise throughout decentralized networks.Disclaimer: This text is offered for informational functions solely. It's not supplied or supposed for use as authorized, tax, funding, monetary, or different recommendation.