Decentralized Trading Marathon: A Partnership with StaFi x DeXe
StaFi and Dexe.network are two very interesting crypto projects with the major aim of offering enhanced and quality services to the crypto community.
StaFi
Staking Finance (StaFi) is actually the first decentralized project to solve the troubling issue between Mainnet security and liquidity providing in the Proof-of-Stake system.
StaFi does this by unlocking liquidity of staked assets by providing a platform where stakers can stake and get an alternative token (rToken); which is tradable and is also an added bonus to the rewards from stakes on the original chain.
DeXe.network
DeXe.network is an online, decentralized platform created to copy strategies of the best traders in the cryptosystem. This is done through independent smart contracts which include tools for virtual currency distribution, automated rebalancing, and brings top-notch security to crypto traders.
StaFi and DeXe.network Partnership
DeXe is currently sending out good quality vibes to the entire crypto community as they continue to work towards releasing their main product. They have recently released version 2 of their wallet to wallet copying, which further cements their main objective of making trading in the crypto space a profitable and memorable one for DeFi traders.
This release is a great step in the right direction for DeXe and to that end, their team is pushing relentlessly to create a series of solutions to minimize risk, save time, and greatly enhance profits for their community.
The latest news coming from Dexe is a partnership with StaFi, Orion Protocol, Nem, and Dextools to launch a massive trading competition.
This competition is said to be the first cryptocurrency has ever witnessed with $30,000 set to be won. Additional incentives for this competition include a chance to share in the managing of $100,000 DeXe platform’s funds once their investment platform is released.
*The DeXe Network will select from among the top traders of the competition for a unique opportunity to manage DeXe’s funds once our full investment platform comes out — a whopping $100,000 in funds under management up for grabs (and all the glory of potentially getting a massive following and social trading superstardom). This is how trading stars are born.*
How to Register for the Competition
Registration started on 5th February, 2021.
● To register, fill out the registration form on https://competition.dexe.network/ by connecting your wallet.
● Make a tweet on Twitter about the competition and tag @DexeNetwork @StaFi_Protocol, @orion_protocol @DEXToolsApp @NEMofficial in the tweet.
● Follow DeXe Network on Twitter: https://twitter.com/DexeNetwork and join Telegram https://t.me/Dexe_network
● Follow their partner’s Twitter pages also: https://twitter.com/StaFi_Protocol, https://twitter.com/orion_protocol, https://twitter.com/NEMofficial, https://twitter.com/DEXToolsApp
Additional rules include:
● Only ETH pairs are eligible for the competition (e.g. DEXE-ETH, ORN-ETH, etc.)
● Only trades done via Uniswap are eligible
Competition Schedule
The competition is said to be in 2 stages, 14 days each with 20 winners selected for each stage. The first stage is scheduled to start on February 15th and end on February 28th, while the 2nd stage will start on March 1st and end on March 14th.
Prize Pool
The total prize pool for the 1st stage is $14,500. The rewards for both stages will be allocated as follows:
Rewards will be issued in partner’s tokens; $FIS $DEXE, $ORN, $stXEM, $DEXT
How it is Calculated
● 1% profit from a completed trade = 1 point
● 1% profit from a completed trade of the DEXE-ETH pair = 3 points
● 1% profit from a completed trade of partner pairs (ORN-ETH, FIS-ETH, stXEM-ETH, DEXT-ETH) = 2 points
All the points are counted in accordance with your initial ETH balance. Also, it is highly recommended that you trade more of $DEXE and partner tokens $FIS, $ORN, $stXEM, $DEXT as you get double points for doing so.
If you are already a Uniswap user, this provides a great opportunity to get additional incentives and profits for performing trades on the exchange. DeXe also offers a great tool in Wallet to Wallet version 2 for better advantage, as you can copy the trades of professional traders to make your own trade.
Announcement of Results
Winners will be announced the day after each stage ends at exactly 1:00 PM UTC.
You can find the results of the competition here https://competition.dexe.network/
Conclusion
DeXe is doing everything it can to live up to its promise of creating avenue(s) for crypto traders to profit exponentially from their trades while also experiencing less threat to their assets.
The recent trading competition organized by DeXe in conjunction with other amazing projects is indeed one of the great steps to building an amazing DeXe project.
DeXe will like to inform participants of this trading competition that there are no promises or assurances provided by their network regarding the protection and safety of funds deposited on Uniswap. This is because they have no responsibility or power over the funds of users lost on Uniswap due to Uniswap glitches or violations or due to the incompetence of the user. Also, DeXe Network won’t reward anyone for lost trades.
Finally, the DeXe Network team retains the right at any point, for any reason whatsoever and without advance notice, to cancel the contest, change the rules, exclude any competitor and withdraw the advantage of the contest from them.
