The White Whale (WHALE) spot market is now available on Helix, the premier on-chain crypto exchange built on Injective.
To celebrate the listing of WHALE/USDT Spot on Helix, the White Whale team is sponsoring 500,000 WHALE tokens to Helix traders worldwide. In order to participate, users can join the Trading Competition and LP Rewards to win exclusive rewards while trading on Helix.
Trade to Win 500,000 WHALE in LP Rewards & Trading Competition
In celebration of the listing, the White Whale team is providing 500,000 WHALE in prizes for Helix traders through two campaigns: LP Rewards and Trading Competition. Both campaigns will run for 8 weeks from the market launch.
1. LP Rewards
LP Rewards allow traders to use Spot Grid Trading Bots for liquidity provision in Helix markets. As a liquidity provider, you qualify for rewards based on the trading volume generated by your grid trading bots. Here's a step-by-step guide to get started:
Navigate to "Liquidity" in the top bar on Helix.
Deploy your grid trading bot on the WHALE/USDT spot market, providing liquidity within the specified price range.
Based on your grid trading bot's generated trading volume, you can claim token rewards at the campaign's conclusion.
Your rewards are proportional to the total volume produced by your grid trading bot. Track your estimated rewards on the leaderboard in the "LP Rewards" section under "Rewards."
Competition Details:
Campaign duration: November 28th, 2023, 3 PM UTC, to January 23rd, 2024, 3 PM UTC.
No sign-up required.
Transactions using Liquidity Bots exclusively on the WHALE/USDT Spot market on Helix count towards the campaign.
A "Claim" button will appear after the campaign, allowing easy reward collection.
Total rewards: 300,000 WHALE.
2. Trading Competition
The volume trading competition rewards the Top 20 volume traders on the WHALE/USDT market in the first and second four weeks since the market launch. This competition offers exclusive prizes and additional benefits, including market-leading rebates, zero gas fees, fast speeds, and top-notch security.
Competition Details:
First half: November 28th, 2023, 3 PM UTC, to December 26th, 2023, 3 PM UTC.
Second half: December 26th, 2023, 3 PM UTC, to January 23rd, 2024, 3 PM UTC.
No sign-up required.
Only transactions on the WHALE/USDT Spot market on the Helix frontend will be considered.
Rewards will be given to the Top 20 traders with the highest effective real volume in each four-week period (5,000 WHALE per winner).
Trading volume includes both buys (long) and sells (short), excluding wash trades.
Winners announced by December 30th, 2023, and January 30th, 2024.
Total rewards: 200,000 WHALE.
WHALE-USDT Market Details:
Base asset: WHALE
Quote asset: USDT
Minimum price tick size: $0.00001 WHALE
Minimum quantity step: 10 USDT
Trade and earn multiplier: 1X maker pts; 1X taker pts
Fee: -0.01% maker fee; 0.1% taker fee
Trading hours: 24/7/365.
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions.
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
