The first Bounce Trading Competition opens Sept. 14th
$20,000+ in prizes. Rewards every week.
No signup, free to enter, multiple ways to win each week.
Four ways to win each week
Each period has four public leaderboards and $3,500 USDC in weekly prizes.
- PnL: Ranks wallets by absolute profit in USDC. Realized and unrealized P&L both count, net of Bounce fees. You do not need to redeem at the close to keep your rank. Open positions are marked at period end.
- ROI: Ranks wallets by percent return. Total PnL (realized + unrealized) for the selected time period / capital cycled during the period (not compounded), with a denominator of at least $250.
- Notional Volume: Ranks wallets by total notional trading volume. Transfers are excluded.
- Profitable Finishers: Every wallet with positive PnL earns an equal share of the prize pool.
How it works
The Bounce Season 1 Trading Competition is split into four consecutive periods with additional season rewards at the end. Each period runs for 7 days. When a period ends, the next one starts immediately and the weekly leaderboards reset.
All Bounce leveraged tokens are eligible, including tokens that launch mid-week. Users can win more than once, period prizes stack across leaderboards and season prizes.
A single wallet can win prizes from a weekly profit board, an ROI board, a volume board, a profitable-finisher share, and season prizes.
How to enter
- Connect your wallet on Bounce.
- Buy ≥$100 of leveraged tokens.
Any wallet that trades ≥$100 of buy volume once the season starts is automatically enrolled in the Trading Competition and is eligible to win rewards. Positions held before the period starts do not count towards your eligibility.
Weekly Prizes: $3,500 per week
Season prizes: $6,000 more after week four
As an additional reward, our friends over at RektGang have put up a Rekt Gang NFT to be rewarded to the worst trader at the end of the season (biggest absolute loss).
Prize Distribution
When a period ends, standings freeze and prizes are paid out within 72 hours. Eligible users do not need to claim their prizes. Prizes are sent directly to winning users in USDC.
Rules
- Currently existing positions: PnL and ROI from existing positions only counts from the moment the competition starts. For example, if a user holds a $1,000 HYPE5L position prior to the competition and then enters the competition, prior PnL and ROI will not count. Rather, the PnL and ROI of that position is tracked from the start of that competition period.
- Fees: Competition PnL and ROI are net of redemption and streaming fees.
- Transfers: Transfers do not count toward period eligibility or volume. Transferring leveraged tokens does not transfer cost basis. Receives are treated as an acquisition, sends are treated as a disposal. For example, if a user receives (is transferred) $100 HYPE5L their cost basis is the value of the leveraged tokens the moment they received them ($100). If the user then decides to send the received HYPE5L to another address, the send transaction is treated as a disposal. So if at the moment the user sends, their HYPE5L is worth $110, they would realize +$10 in PnL between receiving and sending the HYPE5L.
- Tie Breakers: In the event that an exact tie breaker occurs, the wallet with higher eligible volume wins. If for some reason both wallets have the same total eligible volume, then earlier qualification time is used to settle the tie breaker.
- Bots: Non organic volume (e.g., arbitrage bots) is excluded and not eligible for the Season 1 Trading Competition.
- Rules: Rules cannot change mid-week. If anything is updated, it will be announced before the next period opens.
For competition updates, join us on Discord. May the best trader win!