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    Unleash the Dragon's Might: ApeX's Lunar Dragon Chase

    Jan 30, 2024

    5 min read

    ApeX

    Rewards

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    ApeX is igniting the spirit of the Lunar New Year with a campaign that's nothing short of epic. As the calendar heralds the Year of the Dragon, we're breathing a fiery twist into traditional celebrations with a competition where your trading volume unlocks great rewards.

    Trade any available contracts on ApeX, accumulate minimum trading volume requirements, mint NFTs that dragon-ize your portfolio and make your way into a treasure hoard prize pool of up to 100,000 USDC!

    Experience the thrill of the Dragon as you explore the boundless possibilities and embark on this exciting adventure with ApeX.

    Your Mission: Trade and Collect

    In the Dragon's lair, each trade you make brings you closer to minting a Dragon Ball NFT and sharing a slice of the grand prize pool of up to 100,000 USDC.

    Pro tip: The more you trade and the higher your trading volume, the closer you inch to sharing the Dragon's treasure. Both USDC and USDT contracts will count towards your volume, so trade any and all perpetual markets available on ApeX Pro to boost your trading volume.

    How To Get Started

    The registration and competition period for ApeX Lunar Dragon Chase begins on February 5, 2024, at 12 PM UTC and concludes on February 26, 2024, at 12 PM UTC.

    To join this fiery quest, register on the competition landing page and ensure a minimum balance of 20 USDC or USDT in your ApeX account. Check out our tutorial video to guide you through the deposit process.

    From the moment you register, every trade you make counts, paving the way to minting and gathering your Dragon Ball NFTs.

    How to Claim the Grand Prize of 100,000 USDC

    There are 7 unique Dragon Ball NFTs for you to collect in order to claim the grand prize pool of up to 100,000 USDC! Each NFT is marked from 1-star to 7-star.

    To mint 1 NFT, your trading volume must reach a minimum of $28,888. But here's where the thrill lies: each mint reveals a mystery Dragon Ball NFT. You won't know which one you've obtained until you unveil your minted treasure!

    While the probability of acquiring any of the 7 NFTs remains the same, it's important to be aware that you may receive more than one of the same NFT. This adds a layer of complexity, making it a challenge to collect all 7 unique NFTs — your ultimate goal. But what's the journey without trials?

    After you mint your NFTs, please note that your accumulated trading volume will drop by $28,888 for each NFT, deducted from your overall trading volume. Consider it as a trade-off, a sacrifice of volume for each mint. Yet, that's the essence of your journey here!

    If you've built up a significant trading volume, you're in luck! You have the chance to mint multiple Dragon Ball NFTs in one go. This not only increases your chances of collecting all 7 NFTs but also saves on gas fees.

    Fusion Phase: The ApeX Wood Dragon

    Once you've collected all 7 unique Dragon Ball NFTs, it's time for the Fusion Phase!

    During this phase, you can combine your set of Dragon Ball NFTs to create an ApeX Wood Dragon. This process involves "burning" one of each type of the seven Dragon Ball NFTs, effectively removing them from your collection.

    In order to create the ApeX Wood Dragon, first push your 7 unique NFTs on-chain, next fuse. Owning an ApeX Wood Dragon is a mark of your trading accomplishments and entitles you to an equal slice of the grand prize pool.

    The total prize pool will be activated based on the overall trading volume in the competition. To unlock higher-tier prize pools, the total trading volume among all registered traders must surpass the specific thresholds set for each prize level.

    If you gather multiple sets of Dragon Ball NFTs, you can fuse each one separately. For example, with 2 complete sets of 7 Dragon Ball NFTs, you can receive 2 ApeX Wood Dragons and double your share of the grand treasure trove! The more ApeX Wood Dragons you generate, the greater your share of the rewards.

    If you find yourself without the complete set of 7 NFTs or have duplicates, consider selling them on the secondary NFT marketplace. Join our official Discord channel to connect with fellow questers, discover sellers and buyers, and facilitate trading for a more convenient collection-building experience.

    How Can You Score Free Mints?

    To help you embark on your challenge, we're giving away complimentary mints which you can earn by completing simple tasks. You'll have several opportunities to obtain these mints. Keep an eye out for the Early Bird Special, Deposit Bonus, Welcome Bonus, Social Bonus and our exciting Scavenger Hunt on X.

    Intrigued? Read on to learn more.

    Early Bird Special

    Unleash your inner dragon early: snag exclusive minting perks with our early bird special! This first-come, first-served opportunity is available for the first 500 registrants. So join the early bird period from February 5, 2024, 12PM UTC to February 13, 2024, 12PM UTC for this offer.

    The early Bird Special entitles you to 3 free mints with no trading necessary (wink, wink)!

    • Claim your first mint as soon as you complete registration;

    • Once the competition period ends, on February 26, 2024 at 12PM UTC, you'll be added to a whitelist, granting you two additional free mints. These will be credited to your account, ready for you to use.

    So as the saying goes, the early dragon snags 3 dragon balls! So why wait? Register early, boost your chances, and get ready to mint those Dragon Ball NFTs!

    Welcome Bonus

    Don't fret if you miss the early bird period, there's still plenty of excitement in store for you. Upon registering for the quest, you'll be warmly welcomed with one complimentary mint — a gift to kick-start your Dragon Ball NFT collection, no trading required!

    This means you're immediately part of the adventure, equipped with your first digital treasure. So, seize the opportunity to dive into the world of Dragon Ball NFTs and enjoy the chase!

    Deposit Bonus

    Registering is not the only way for you to rack up free mints. Another avenue is by making deposits.

    The formula is simple: the more you deposit, the more opportunities you have to get free mints. These are the 3 deposit tiers we have set up for you to earn free mints.

    Please be informed, you'll receive your free mints at the end of the quest once we crunch the numbers. Your cumulative deposit amount will be tallied and your free mints will be distributed to you.

    Social Bonus

    Another way of claiming free mints is by joining the Social Bonus campaign! From February 5, 2024 at 12PM UTC to February 26, 2024 at 12PM UTC, we're hosting a thrilling 21-day QuestN campaign with a 2,000 USDC giveaway. Participate by completing simple tasks for the chance to be among 400 lucky winners claiming 5 USDC each.

    But if you are not among the lucky 400, do not fret! There's an extra perk for all you questers – every participants receives 1 free mint. Mark your calendars and stay tuned for more details on how to participate. This is your chance to win big.

    For more information, visit check out the campaign page and stay tuned to our X for upcoming announcements!

    Join Scavenger Hunt for 7 Free Dragon Ball NFTs!

    Luck has swayed like a dragon's tail because we've got an exciting shortcut to collecting ALL 7 Dragon Ball NFTs!

    We're launching a week-long scavenger hunt, between February 18, 2024 and February 25, 2024 on X and QuestN. Solve quizzes for daily rewards in USDC. Each quiz answer brings you closer to the final puzzle. Master this ultimate challenge, and you'll have a golden opportunity to secure the grand prize: all 7 Dragon Ball NFTs directly credited to your account. We only have 1 winner to take all 7 Dragon Ball NFTs and lay claim on the grand prize pool! Yes, you heard it right — all 7 unique Dragon Ball NFTs to 1 wallet address. Embrace this unique chance to claim digital treasure!

    Stay tuned to our X page for more details and updates, cause you wouldn't wanna miss this chance to claim the share of our grand prize pool of up to 100,000 USDC!

    Don't Have the Complete Set of 7 Unique Dragon Ball NFTs Yet?

    If you're still on the hunt for all 7 unique Dragon Ball NFTs, don't worry, we've got you covered. To assist you in completing your collection, we have a couple of ideas.

    Go to the ApeX Discord and search for the channel, channel 🐲║lunar-dragon to connect with fellow questers and buy or sell NFTs. This not only enables you to trade NFTs with ease but also opens doors to potentially acquire those elusive NFTs needed to complete your collection. NFTs purchased via Discord will be directly debited to your account. So, even if you're a few Dragon Balls short, Discord is your gateway to make those dreams a reality.

    In addition, secondary marketplaces like OpenSea offer another avenue to completing your NFT collection. Whether you're looking to diversify, complete your set, or simply pass on your NFTs to another enthusiastic collector, platforms such as OpenSea is an invaluable resources.

    With both our Discord channel and secondary markets like OpenSea, you're well-equipped to ensure that you have enough NFTs to form an Apex Wood Dragon, bringing you one step close to the grand prize pool! Embrace these opportunities, and take that crucial step closer to ultimate victory in your Dragon Ball NFT adventure.

    Keeping Track Of Your Success

    Stay ahead in the quest with our dynamic leaderboard, engineered to reflect your evolving NFT balance and overall standing! Your ranking on the leaderboard is contingent upon your Ranking Score, which is calculated as follows:

    Ranking Score = (Number of Dragon Ball NFTs Held 1) + (Number of ApeX Wood Dragon Fused 50)

    As you can see from the formula, the creation of ApeX Wood Dragons through fusion boosts your score significantly.

    It's also important to note that our leaderboard dynamically adjusts with your buying and selling activities. Each time you acquire a Dragon Ball NFT from secondary marketplaces like OpenSea or you acquire an NFT from a fellow quester on Discord, your position on the leaderboard rises, reflecting your expanding portfolio. Conversely, selling an NFT reflects a lower ranking, indicating a decrease in your collection's size. For instance, if you initially mint 65 Dragon Ball NFTs but decide to sell 5 NFTs and later purchase 2 more NFTs, your total count stands at 62 Dragon Ball NFTs. By strategically managing your collection of Dragon Ball NFTs, you can significantly enhance your leaderboard ranking and stay up-to-date with your competitive standing.

    With hourly updates, you'll always have the latest on where you stand among your fellow competitors. This is a great way to gauge your success and inspire others!

    Timeline

    Here's a detailed timeline of the ApeX Lunar Dragon Chase.

    It's time to set forth on your quest. Remember each trade and every unique Dragon Ball NFT you hold, brings you closer to an ApeX Wood Dragon and a slice of the grand prize pool!

    May this year of the Dragon bring you good fortune, success, and an exhilarating journey through this quest. Happy trading and good luck!

    Terms and Conditions:

    1. The ApeX Lunar Dragon Chase is a trading competition hosted on ApeX Protocol, and will take place from February 5, 2024, 12PM UTC to February 26, 2024, 12PM UTC.

    2. Participation is open to ApeX users who register on the designated campaign landing page.

    3. The campaign and registration commence on February 5, 2024, 12PM UTC and concludes on February 26, 2024, 12PM UTC.

    4. To qualify for participation, users must maintain a total equity exceeding 20 USDC or 20 USDT, encompassing maintenance margin, position margin, and available wallet balance. Equity from Trade-to-Earn, Staking activities and Smart Liquidity Pool will not be considered.

    5. The campaign’s prize pool tiers are contingent upon the cumulative trading volume of all participants.

    6. Both USDC and USDT contracts count towards a participants trading volume in the competition.

    7. Participants can mint Dragon Ball NFTs for every $28,888 in trading volume accumulated.

    8. The Dragon Ball NFT Scavenger Hunt will take place from February 18, 2024, 12PM UTC to February 25, 2024, 12PM UTC. The winner of the scavenger hunt will receive all 7 unique Dragon Ball NFTs in their account.

    9. In the Early Bird Period between February 5, 2024, 12PM UTC to February 13, 2024, 12PM UTC, the first 500 participants to register for the competition are entitled to claim 3 free mints.

    10. As a welcome bonus, by registering for the campaign, participants are entitled to claim 1 free mint.

    11. Registered participants are eligible to earn free mints based on their cumulative deposit amounts during the competition period. The mint rewards are tiered as follows: a deposit of $1,000 entitles you to claim 1 mint in total; a deposit of $10,000 entitles you to claim 2 mints in total; and a deposit of $20,000 entitles you to claim 3 mints in total. The cumulative deposit amount will be tallied at the end of the quest, and the corresponding free mints will be distributed accordingly.

    12. To be eligible for the ApeX Social Bonus giveaway, participants must sign up for an ApeX Pro account and complete specific social media tasks as outlined in the campaign. The sign-up period is from February 5, 2024, 12PM UTC to February 26, 2024, 12PM UTC. The prize pool for this task will be 2,000 USDC to be shared amongst 400 participants, each receiving 5 USDC. All participants of the ApeX Social Bonus giveaway will also be entitled to receive one free mint if they register for the Lunar Dragon Chase.

    13. During the fusion period that spans between February 5, 2024, 12PM UTC, and March 1, 2024, 12PM UTC, users are eligible to fuse their 7 unique Dragon Ball NFTs, resulting in the creation of an ApeX Wood Dragon.

    14. Holders of ApeX Wood Dragons will evenly split the prize pool post-campaign. For example, with a $50,000 prize pool and 10 Dragons minted, each Dragon is eligible to receive 5,000 USDC.

    15. From March 1, 2024, 12PM UTC, to March 7, 2024, 12PM UTC, a data verification period will be in effect. In the event of any concerns related to the activity data, users may contact the official channels for resolution during this timeframe.

    16. The reward collection phase will be from March 7, 2024, 12PM UTC, to March 28, 2024, 12PM UTC. It's important to note that the more ApeX Wood Dragon a trader fuses, the larger their portion of the rewards.

    17. Your position on the leaderboard is calculated based on your Ranking Score [Ranking Score = (Number of Dragon Ball NFTs Held × 1) + (Number of ApeX Wood Dragons Fused × 50)]. This score reflects your NFT holdings and activities, and is subject to change with your buying, selling, and fusing actions. The leaderboard is updated hourly to accurately represent your current standing.

    18. There is no restriction on the number of NFTs that can be minted by a participant.

    19. All NFTs are limited to this event. Participants are free to trade their NFTs on secondary marketplaces such as Opensea.

    20. In the event of a delay due to technical issues, rewards will be redistributed within 30 days following the event's conclusion.

    21. 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 channel.

    22. Market makers are excluded from this event.

    23. Participation in botting, cheating, or submitting duplicate entries will result in disqualification.

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