Helix has introduced Guilds, an innovative product designed to enhance the trading experience by allowing traders to engage in competitions as a unified group, ushering in a new era of social interaction within the trading community. Through Helix Guilds, individuals have the opportunity to create or join a Guild, opening up avenues to earn rewards.
In conjunction with the listing of Celestia (TIA) on Helix's spot market, the platform is distributing a total of 30,000 TIA tokens to traders worldwide through the TIA Listing Competition.
Building on the earlier announcements of the first two campaigns this month, Helix is excited to unveil the third campaign: the Helix Guilds competition. This initiative aims to celebrate the launch of the TIA/USDT spot market on Helix and offers participants the chance to win a total of 10,000 TIA and 1,000 INJ tokens.
What Are Helix Guilds?
Helix Guilds represent trading groups that empower individuals to engage in trading competitions collaboratively. Periodic trading competitions are established within the framework of Helix Guilds, allowing traders to create or join a Guild with the prospect of winning from a dedicated prize pool.
This innovative feature not only enhances the competitive capabilities of individual traders but also reshapes the trading experience into a collective venture. Whether you possess seasoned expertise in trading or are a newcomer to the financial realm, Helix Guilds offers a platform where everyone has the opportunity to contribute, compete, and enjoy the benefits of collective success.
Competition Details
Rewards in the Helix Guilds competition are distributed across two pools, determined by the trading volume in the TIA/USDT market and the weighted average balance of TIA. The top-performing Guild in each category will collectively share 5,000 TIA and 500 INJ tokens.
Here's how the rewards are calculated:
Winning Criteria:
The Guild with the highest total trading volume in the TIA/USDT market emerges as the winner.
The Guild with the highest total weighted average TIA balance is declared the winner.
Prize Distribution:
The two winning Guilds evenly share the total prize pool, each receiving 5,000 TIA and 500 INJ tokens.
Guild Master Rewards:
Within each winning Guild, the Guild Master is entitled to 20% of the rewards (1,000 TIA + 100 INJ).
The remaining 80% (4,000 TIA + 400 INJ) is distributed among all Guild members, including the Guild Master, proportionally based on the total volume generated or the weighted average balance contributed within the Guild.
Additional Details:
The Guild Master has the flexibility to create a Guild from the current moment until the end of the competition.
The competition commences on November 27, 2023, at 3 PM UTC, and concludes on December 11, 2023, at 3 PM UTC. Only Total Value Locked (TVL) and trades executed within this timeframe will be considered.
The weighted average balance calculation includes only Celestia (TIA) on Injective, and the trading volume is restricted to transactions on the Celestia (TIA) spot market on Helix.
Trading volume encompasses both buy and sell transactions during the competition period, excluding any wash trades.
Each address is limited to joining a single Guild, and once joined, members cannot leave.
A Guild is capped at a maximum of 150 members.
To check and claim your rewards in the Helix Guilds competition, follow these steps:
Monitor Rewards:
Visit the Helix Guilds page where you'll find a leaderboard displaying rankings, the number of members in each Guild, the current weighted average balance, and total trading volume.
Leaderboard Details:
Review the leaderboard to assess your Guild's performance and standing in terms of the specified criteria, such as trading volume and weighted average balance.
Claiming Rewards:
Upon the completion of the campaign, a "Claim" button will become available on the Helix Guilds page.
Claiming Process:
Click on the "Claim" button to initiate the rewards claiming process.
Verification:
Follow any on-screen instructions or verification steps that may be required to ensure a secure and accurate reward distribution.
Reward Collection:
Once the claiming process is complete and verified, your rewards, including both TIA and INJ tokens, will be allocated to your account.
Remember to check the Helix Guilds page regularly for updates, and be prompt in claiming your rewards once the campaign concludes. If there are specific guidelines or additional information provided on the Helix platform, it's advisable to review those for a seamless rewards claiming experience.
How To Participate?
You will have two options to join: either become a Guild Master or join a guild to share rewards.
Certainly! Here's a rephrased version:
Lead a Guild and Invite Others to Join:
To assume the role of a Guild Master, it's essential to possess a minimum of 1,000 TIA in your wallet. Click the "Create Guild" button to initiate the process of establishing your own Guild with a preferred name. As a Guild Master, you have the option to choose a profile from the provided options or select an NFT from your wallet address to serve as the guild thumbnail.
Once you have created the Guild, you will see an invitation link that you can share and invite people to join in channels like #helix-guilds channel at Injective Discord.
Note that during the campaign period, the Guild Master’s wallet balance must be kept above 1,000 TIA. Otherwise, your Guild will be invalid and the trading volume will not be counted until the Guild Master’s balance is above 1,000 TIA again.
2. Join a Guild and share rewards with others
If you are not eligible to become a Guild Master, don’t worry, feel free to join a Guild and share rewards if your Guild wins! You can find the Guild invitation link on social channels such as the #helix-guilds channel at Injective Discord, or ask your friends for an invitation code.
Next, select one of the Guilds and click the “Join Guild” button. Enter the invitation code and you will be ready to join the competition.
For more details: https://helixapp.zendesk.com/hc/en-us/articles/8391676095887-Share-10-000-TIA-Rewards-in-Helix-Guilds-Competition