On Wednesday, October 23, Pantera-backed cryptocurrency exchange VALR announced the Futures Trade Arena, a trading platform that compensates users based on ROI and PnL.
It is anticipated that the new trading platform will ensure that all investors on VALR have an equal opportunity to participate. The platform is scheduled to operate from October 1, 2024, to at least April 30, 2025.
In response to the launch, Ben Caselin, the Chief Marketing Officer of VALR, stated: “The Futures Trade Arena is a game-changing innovation. We are not solely concerned with volume; rather, we are rewarding genuine trading performance. This initiative genuinely equalizes the playing field, enabling professional and retail traders to compete on strategy rather than solely on trade size. It is all a component of our ongoing dedication to the development of VALR as a global brand that prioritizes fairness and opportunity for all.”
Participants in the Futures Trade Arena will have the opportunity to receive monthly bounties of up to 120,000 Tether (USDT). However, the extent of the rewards will be contingent upon the number of eligible participants.
Top merchants are expected to earn between 2,000 and 10,000 USDT per month, once again determined by ROI and PnL.
On the other hand, the weekly incentives for the top 10 performers generally range from 25 to 2,880 USDT.
In order to be eligible for participation, traders must have transacted a minimum of $2,000 on any of VALR’s Futures pairs within 14 days prior to a Weekly Competition Round.
All participants are promptly enrolled into the subsequent Weekly and Monthly Rounds upon meeting this requirement, ensuring that they can participate in the competition immediately upon qualifying.
Traders have the opportunity to compete for the top positions in USDT by utilizing both their absolute PnL and percentage ROI, which provides them with a variety of winning strategies.
VALR employees and contractors will be prohibited from the contest in order to promote a more equitable contest environment. The contest will be open to verified VALR customers.
The Futures Trade Arena fosters a competitive and dynamic environment for all participants by emphasising intelligent strategies over substantial trade volumes.
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