26K BUSD to Be Won! SakePerp Trading Competition — BSC Testnet Round 2

3 min readApr 22, 2021

SakePerp is holding an exciting Testnet Trading Competition with a total prize pool of 26,000 BUSD.

SakePerp.fi is the first AMM-based perpetual contract protocol on Binance Smart Chain (BSC) powered by the vAMM+Oracle price discovery mechanism.

New Markets

BNB/BUSD, LINK/BUSD and XVS/BUSD will be added to the Markets.

SakePerp is now live on BSC testnet! Start trading now!

SakePerp

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sakeperp.fi

ROI Competition Prize Pool — 20,000 BUSD

The top 200 traders ranked by ROI will win BUSD. The ranking will be restarted every 2 days. For instance, our top 200 traders by ROI of 2 days will receive a total of 4,000 BUSD tokens.

The competition will last for 10 days (5 qualification periods) which means a total of 1,000 traders will win 20,000 BUSD.

Qualification periods for the ROI competition will be from 2:00:00 PM (UTC) to 1:59:59 PM (UTC) every 2 days of the competition period, for a total of 5 qualification periods, the first of which will begin on 2021/04/26 at 2:00:00 PM (UTC).

Referral Prize Pool — 5,000 BUSD

The SakePerp referral system is called the “Advisory Board”. Copy your referral link from the “Referrals Tab” and share that with friends or members from your group.

You will score 1 point for every successful referral that joins SakePerp through your link. A successful referral is defined by the interaction with SakePerp’s smart contract including opened/closed options as well as providing liquidity.

All users on the Advisory Board will share the 5,000 BUSD defined by their final scores.

Bonus

For Traders

Share PnL (Profit and Loss) on Twitter, with #SakePerp and tag 3 of your friends for a chance to win 20 BUSD.

For Liquidity Providers/Market Makers

Share incomes on Twitter, with #SakePerp and tag 3 of your friends for a chance to win 20 BUSD.

50 winners will be announced on Twitter at the end of the competition period.

Competition period

26 April, 2 pm UTC to 6 May, 2 pm UTC

How to join?

Follow @SakeSwap on Twitter
Retweet the SakePerp Testnet Trading Competition tweet
Copy your Twitter handle then paste it into the input field on SakePerp http://sakeperp.fi
Submit to get 20,000 test BUSD to start the competition

It is highly recommended to create a new wallet address for the competition to make sure there is no test BUSD balance and no record on the SakePerp BSC testnet before the competition. Each participant can request 20,000 test BUSD token to start the competition.

REMINDER: The trading competition is on BSC testnet. The test BUSD is only for SakePerp testing purposes and will never have a value.

MetaMask Setup on BSC testnet: https://sakeswap.gitbook.io/sakeswap-finance/bsc/bsc-wallet-setup-metamask/setup-on-testnet

Rules

The BSC wallet address should be new on SakePerp. No BUSD balance and no position history on SakePerp before the trade competition.
Each Twitter account as well as each BSC address can request the 20,000 testnet BUSD only once.
No extra testnet BUSD from third-parties.
Citizens from the US, UK and traders located in those jurisdictions are not eligible to participate in the competition.
The Sake team reserves the right to disqualify participants that are deemed to be cheating, wash trading, or self-dealing, etc.