Calling all traders looking to take their grid trading game to new heights!
ApeX Grid Bot Top P&L% Bonanza, kicking off on May 23, 2024, presents a great opportunity to showcase your skills and secure a share of the 5,000 USDC prize pool. Deploy ApeX Grid Bot to compete with automated, self-managed trading strategies, all while enjoying negative 0.002% fees!
Whether you're an experienced trader or just starting your grid trading journey, our 3-week long contest will allow you to put your trading prowess to the ultimate test.
ApeX Grid Bot: The Essentials
In case you need a refresher, ApeX Grid Bot is a powerful tool for automated grid trading now available for any and all USDT and USDC perpetual contracts on ApeX Pro. For more information on how to set up your first bot on ApeX, review our step-by-step guidebook on Gitbook. For further details on long, short, and neutral bot strategies, check out this helpful blog post.
Battle for the Best P&L%
Between May 23, 2024 at 10 AM UTC and June 13, 2024 at 10 AM UTC dive into ApeX Grid Bot Top P&L% Bonanza and vie for a slice of the 5,000 USDC prize pool. As long as you surpass the 5,000 USDC volume threshold with a positive P&L%, you'll get a chance to compete for the prize pool!
Early Bird Special
If you're an early bird looking to gain an edge, activate your ApeX Grid Bot and secure a bonus of 5 USDC. This first-come, first-served opportunity, with a total bonus pool of 500 USDC, rewards the first 100 traders who deploy the grid bot on ApeX for the very first time. So, if you are new to ApeX Grid Bot, get started and reap the benefits, ahead of the crowd!
Elite P&L(%) Prize — 3 Stage Breakdown
With 4,500 USDC reserved for traders with the top P&L%, deploy ApeX Grid Bot now and start raking in profits!
The action unfolds across 3 weeks, with each stage offering 1,500 USDC in rewards. This means you'll have 3 chances to climb the leaderboard and secure your share of the prize pool!
If you manage to be one of the top 10 P&L% performers in any given week, you'll be rewarded with USDC bonuses. But the rewards don't stop there! Even if you don't make the top 10 cut, there's still a juicy piece of the pie waiting for you. As long as you surpass the 5,000 USDC volume threshold with a positive P&L%, you'll get a slice of the remaining prize pool!
Refer to the table below for the complete breakdown of our USDC rewards:
Stay Ahead of the Pack
Keep a close eye on the action via our live leaderboard! This is where you can track your P&L% rankings and see how you measure up against your fellow trading mavens in real-time. Check back to celebrate top traders, and fuel your competitive spirit, at the culmination of each of the 3 stages.
In addition, we'll also be providing live updates on ApeX Discord channel, so be sure to check that out as well!
Timeline
Here's a breakdown of the timeline of this competition.
The race to the top is on! Deploy those bots, optimize those strategies, and get ready to bask in the glory of becoming a top P&L% leader. May the odds be ever in your favor!
Terms and Conditions
ApeX Grid Bot: Top P&L(%) Bonanza runs from May 23, 2024, at 10 AM UTC to June 13, 2024, at 10 AM UTC.
In order to participate, traders must deploy ApeX Grid Bot during the competition period and engage in automated grid trading on any USDT and USDC perpetual contracts available on ApeX Pro.
Participants must have a minimum trading volume of 5,000 USDC during the competition period to participate and be eligible for rewards.
The total prize pool for the challenge is 5,000 USDC.
The first 100 participants who deploy ApeX Grid Bot for the very first time will receive an Early Bird Bonus of 5 USDC. The total pool for this promotion is limited to 500 USDC on a first-come, first-served basis.
Stage 1 runs from May 23, 2024, at 10 AM UTC to May 30, 2024, at 10 AM UTC. During this stage, the top 10 P&L% performers will receive fixed USDC bonuses. Additionally, participants who don't rank in the top 10 but surpass the 5,000 USDC volume threshold with a positive P&L% are eligible to share the remainder of the 1,500 USDC prize pool allotted for this stage.
Stage 2 commences immediately after, starting on May 30, 2024, at 10 AM UTC and concluding on June 6, 2024, at 10 AM UTC. Similar to the first stage, the top 10 P&L% performers will be rewarded with fixed USDC bonuses. Those participants who achieve the necessary volume and P&L% but do not make it into the top 10 will split the remaining portion of the 1,500 USDC designated for this stage.
Stage 3, begins on June 6, 2024, at 10 AM UTC and ends on June 13, 2024, at 10 AM UTC. Trading activity on the last day will be included in the final calculations, and the competition officially concludes at 10 AM UTC. The leaderboard will be finalized shortly after the end time to ensure all trades are accounted for, with rewards distributed by June 14, 2024. This stage mirrors the prior ones, where the top 10 P&L% performers will earn fixed USDC bonuses. All other qualifying participants will share the remainder of the 1,500 USDC prize pool.
USDC Rewards are distributed across three stages, each stage lasting one week, with 1,500 USDC allocated per stage.
The top 10 P&L% performers in each stage will receive predetermined USDC bonuses.
Remaining participants who meet the volume and positive P&L% requirements but are not placed in the top 10 leaderboard will share the remainder of the prize pool for each stage.
Participants can track their P&L% rankings and monitor competition progress throughout the challenge. Leaderboard will be regularly updated and displayed on this blog. In addition, there will be live updates on the ApeX Discord server.
Rewards will be distributed on the following dates — May 31, 2024; June 7, 2024; and June 14, 2024.
In the event of a delay due to technical issues, rewards will be redistributed within 30 days following the event's conclusion.
There are no restrictions on the number of participants who can join the competition.
The ApeX team reserves the right to modify these terms and conditions at its discretion. ApeX holds the final interpretation rights for this event. For inquiries, contact us via the ApeX Pro Discord server.
Market makers are excluded from this event.
Participation in botting, cheating, or submitting duplicate entries will result in disqualification. Multiple accounts originating from the same IP address or device are prohibited from participating in the campaign.