We're more than a month into the launch of ApeX Omni, and we're thrilled to announce that we're bringing you our very first event — Omni Showdown: Kong's Jungle. Launching soon, this 3-week extravaganza is your chance to showcase your prowess and win from the pool of 2.75 Bln KONG and 50,000 USDT!
Yes, you heard that right — 2.75% of the total KONG supply is up for grabs, and all qualified participants can share in this exciting opportunity!
For our top traders ranked among the top 50 on the leaderboard, we've also set aside an additional 50,000 USDT side pool.
As an added bonus, we're additionally giving away mystery box rewards! Place a trade between August 15, 2024 and August 22, 2024 to receive 1 mystery box, or between August 22 and August 29, 2024 to get 1 mystery box as well as 10 ApeX Social Points (ASPs)! We have 5,000 boxes up for grabs, with 2,500 distributed each week on a first-come, first-served basis.
Get ready for an electrifying event and put your skills to the test for a chance to claim your share of the grand prize!
Kickstart Your Trading Journey
Omni Showdown will run for 5 weeks from July 25, 2024 to August 29, 2024, giving you ample time to strategize and place your winning trades.
Registration opens on July 18, 2024 — save the date and sign up once registration opens. Remember, registration is required for participation in the event.
To get started, simply set up your Omni account (if you have not already) and enter the campaign via the dedicated landing page.
While there's no minimum trading volume required to qualify for the KONG airdrop, your trading volume along with your referrals, deposit amount and P&L% will play a significant role in determining your ranking on the leaderboard.
Meanwhile, if you have your eyes on the 50,000 USDT prize pool, the minimum trading requirement is set at 10,000 USDT.
Early Birds Catch the Mystery Box — 5,000 USDT Up For Grabs
As always, we have an exciting early bird promotion coming your way!
Be among the first 1,000 users to sign up for the campaign and score a 5 USDT trading bonus. The reward will be distributed through the Reward Center on August 15, 2024.
So don’t miss out — join the event and unleash your trading spirit!
Prize Pool and Rewards Allocation
The total prize pool for the campaign includes 2.75 billion KONG tokens and up to 50,000 USDT. Of the total KONG tokens, 5% (137,500,000 tokens) will be distributed equally among all registrants, while the remaining 95% (2,612,500,000 tokens) will be allocated proportionally to qualified participants based on their final scores.
Your final score is based on 4 key factors: deposits, trading volume (including grid bot trades), profits (positive P&L%), and referrals. Your final score is the sum of these factors, determining your ranking on the leaderboard.
Don't forget, the higher your score, the larger your share of the KONG prize pool. If you are ranked among the top 50 traders, you will additionally receive USDT rewards from the pool of up to 50,000 USDT (check details on reward allocation among the top 50 below; all distributions will be in line with the final scores and leaderboard standings).
Final Score = Deposit Score + Trading Score + P&L(%) Score+ Referral Score
With up to $50,000 USDT and 2.75% of the total KONG supply being up for grabs, aim to maximize your score to claim bigger rewards!
How is your Score Calculated?
Deposits
Contestants are rewarded based on the total amount deposited into their ApeX Omni accounts during the campaign period. Your deposit score is calculated based on your net deposits made on ApeX Omni.
Net(Effective) Deposit Amount = Deposit Amount - Withdrawal Amount
Deposit Score = Net Deposit Amount/500
The maximum score achievable in this category is 1,000. For example, if your net deposit reaches 500,000 USDT, you will achieve the deposit score of 1,000. Even if you exceed 500,000 USDT, your score will remain 1,000.
Trading Volume
Traders are additionally rewarded based on the total trading volume they generate during the campaign period (both via perp trading and grid bot trading on ApeX Omni). Your trading score is calculated based on your trading volume and the time you've traded, using the following equation:
Week 1 Trading Score = ((Omni Perp trading volume + Omni Grid Bot trading volume)/100,000)*1.5
Week 2 Trading Score = ((Omni Perp trading volume + Omni Grid Bot volume)/100,000)*1.25
Week 3 to Week 5 Trading Score = ((Omni Perp trading volume + Omni Grid Bot volume)/100,000)*1
There is no limit to how high a score a user can generate from this category; the more you trade and the earlier you open your positions, the higher your score.
P&L(%) Score
In addition to your trading volume, you are also rewarded for positive P&L%.
P&L(%) Score = P&L(%) x 100
Please note that the maximum score you can achieve in this category is 500. If your P&L(%) exceeds this limit, the score will be adjusted to 500.
Referral Score
The final factor contributing to your overall score is referrals! Your referral score will be 10% of the total score achieved by users you refer to.
Referral Score = Σ (Referred Users Score*0.1)
Please note, there is no maximum score you can achieve in this category.
Example
Let's calculate Alice's total score. In this example, Alice deposits $10,000, has a total trading volume of $50,000, and achieves a P&L (%) of 4.5%. In addition, she refers Bill to the campaign, who has a total score of 300.
In this scenario, her score will be calculated as follows:
Deposit Score: Alice deposits $10,000 and does not make any withdrawals.
Net Deposit Amount: 10,000 - 0 = 10,000
Deposit Score: 10,000/500=20
Trading Score: Alice trades a total volume of $50,000 on Omni Perp in week 1.
(50,000/100,000)*1.5= 0.75
P&L Score: Alice has a PnL(%) of 4.5%.
4.5% x 100 = 0.0045 x 100 = 4.5
Referral Score: Alice has referred only 1 user and he has a total score of 300.
300 x 0.1 = 30
Now let's calculate Alice's Final Score: 20+0.75+4.5+30 = 55.25
Alice's final score is 55.25! This score will determine her position on the leaderboard and the amount of airdrop she receives.
As mentioned earlier, we've allocated 2.75% of the total KONG supply for this campaign, which amounts to 2.75 billion KONG tokens. These tokens will be distributed proportionally among all participants based on their final scores.
Additionally, if Alice ranks among the top 50 traders on the leaderboard, she will also receive USDT rewards cash prize from the pool of 50,000 USDT.
Don't forget, there are also mystery boxes up for grabs! If you sign up for Omni Showdown and make a trade between August 15, 2024 and August 22, 2024 you'll receive 1 mystery box. Even better, if you trade between August 22 to August 29, 2024 you'll get 1 mystery box plus 10 ApeX Social Points (ASPs). We have a total of 5,000 boxes available, with 2,500 distributed each week on a first-come, first-served basis. Don't miss out on your chance to add some extra excitement to your trading experience!
5,000 Mystery Boxes on ApeX Social Up For Grabs
To make the campaign even sweeter, we are giving away 5,000 mystery boxes on ApeX Social — this is your chance to claim crypto and real word treasures such as trading bonuses and points, or physical rewards like Apple Vision Pro, Saga (Solana phone), or even Lamborghini (if you collect all 7 fragments needed to unlock this grand prize).
How to get your hands on our mystery boxes? Sign up for Omni Showdown and make a trade between August 15, 2024 and August 22, 2024 to receive 1 mystery box. If you additionally trade between August 22 and August 29, you'll get 1 mystery box plus 10 ApeX Social Points (ASPs).
With a total of 5,000 boxes available, with 2,500 distributed each week on a first-come, first-served basis, don't miss out on your chance to add some extra excitement to your trading experience!
50,000 USDT for the Leaderboard Top Scorers
If you make it into the top 50 on the leaderboard, you'll earn from the pool of up to 50,000 USDT, as outlined on the table below.
In order to qualify for the 50,000 USDT prize pool, the minimum trading volume requirement is set at 10,000 USDT. Keep pushing to earn high scores and aim for the top spots!
The total unlocked rewards in the USDT prize pool is based on the aggregate trading volume of the competition. The higher the volume generated by all contestants, the higher the prize pool tier unlocked.
Refresher on ApeX Omni
In case you need a refresher, ApeX Omni is an aggregated multichain liquidity trading platform built on modular, intent-centric architecture. Designed to provide users with next-level DEX trading opportunities, Omni offers lightning-fast transaction speeds of 10,000 tps, low slippage and deep liquidity, leverage of up to 100x, and minimal fees with zero gas, 2.5 bps taker and 0 maker fees.
What's more, trading and referring on Omni, earn you ApeX Social Points (ASPs) that are automatically redeemable for mystery boxes with crypto and physical rewards on ApeX Social. Prizes include USDT trading bonuses, points, token airdrops, a Saga (Solana phone), Apple Vision Pro, and the grand prize – a Lamborghini.
So, join Omni Showdown and enrich your trading journey with a variety of rewards and prizes on the leading self-custodial and permissionless DEX.
With this the countdown officially begins! Join the campaign and showcase your trading prowess, go head-to-head with fellow traders, and vie for a share of 2.75 billion KONG, 50,000 USDT rewards and 5,000 mystery boxes.
Keep an eye on our social channels for further details on the campaign. In the meantime, hone your trading strategies and familiarize yourself with the ApeX Omni platform to prepare for the ultimate trading challenge.
Terms and Conditions
Omni Showdown — Kong's Jungle is a campaign hosted on ApeX Omni, taking place between July 25, 2024, 10AM UTC and August 29, 2024, 10AM UTC.
Registration for Omni Showdown — Kong's Jungle opens on July 18, 2024,10AM UTC, and is required for participation in the campaign. The registration for the campaign will close on August 15, 2024, 10AM UTC.
To participate, users must connect to ApeX Omni and sign up on the dedicated landing page of the campaign.
The first 1,000 users to register will receive a 5 USDT trading bonus that can be found in their Welcome Mystery Box on ApeX Social. The rewards will become available for claiming within 14 working days after the conclusion of the campaign.
The total prize pool for the campaign includes 2.75 billion KONG tokens, up to 50,000 USDT and Mystery Boxes.Of the total KONG tokens, 5% (137,500,000 tokens) will be distributed equally among all registrants. The remaining 95% (2,612,500,000 tokens) will be allocated proportionally to qualified participants based on their final scores. The 50,000 USDT will be awarded to the top 50 traders on the leaderboard, with specific details provided in the accompanying blog post. Participants who trade between August 15, 2024 at 10AM UTC and August 22, 2024 at 10AM UTC will receive 1 mystery box. Participants who trade between August 22, 2024, at 10AM UTC and August 29, 2024, at 10AM UTC will receive 1 mystery box and 10 ApeX Social Points (ASPs).
The final score of each participant determines their ranking on the leaderboard and, consequently, their share of the prize pool. Scores are calculated based on 4 (four) components: deposits, trading volume, P&L percentage, and referrals.
The Deposit Score is calculated based on a participant's net deposit amount, which is the difference between total deposits and withdrawals made during the campaign period. To determine the Deposit Score, the net deposit amount is divided by 500. The maximum achievable Deposit Score is capped at 1,000.
The Trading Score is calculated by dividing a participant's total trading volume during the campaign period by 100,000 and multiplied by 3 different coefficients depending in which week of the competition the trades are made (Week 1 coefficient = 1.5, Week 2 coefficient = 1.25, Week 3, 4 and 5 coefficient = 1). There is no maximum cap for the Trading Score. Please note, the trading volume score includes the volume generated via grid bot on ApeX Omni.
The P&L(%) Score reflects trading performance in terms of profits made by a participant during the campaign period. The P&L(%) Score is calculated by multiplying the P&L(%) percentage by 100. The maximum achievable P&L(%) Score is 500.
The Referral Score is calculated as 10% of the total scores achieved by users referred by a participant. There is no maximum cap for the Referral Score.
A total of 5,000 mystery boxes are available (2,500 per week) on a first-come, first-served basis.
To qualify for the 50,000 USDT prize pool, the minimum trading volume generated by the contestant must equal or exceed 10,000 USDT.
The prize pool tiers for the 50,000 USDT rewards pools will be determined by the cumulative trading volume generated by all participants of the campaign. Refer to the table in the blog post for a detailed breakdown of these tiers and their corresponding benefits.
The campaign landing page will include an hourly updated leaderboard, displaying the current standings of all campaign participants.
The USDT rewards will be distributed to all eligible participants within 14 working days after the conclusion of the campaign.
The KONG rewards will be distributed to all eligible participants following the Token Generation Event (TGE) of KONG, as part of the larger airdrop event.
Please be informed that KONG will be launched on the Solana (SOL) blockchain. To streamline the rewards distribution for the campaign participants, the landing page will feature a SOL address collection form.
All participants must manually enter their SOL address in order to receive their KONG rewards. Failure to provide a SOL address will result in forfeiture of the rewards.
Each participating address on ApeX Omni must have a corresponding SOL address submitted via this form. Submitting more than one address will result in disqualification.
KONG rewards from the pool of 137,500,000 tokens, which is available to all registered users, will be returned to the prize pool and redistributed among other participants if the recipients are flagged by risk control measures. Additionally, users who fail to provide a SOL address will forfeit their eligibility for the airdrop reward.
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 campaign.
The ApeX team reserves the right to modify these terms and conditions at its discretion, and holds the final interpretation rights for this event. For inquiries, contact us via the ApeX official 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.