Orderly Network Launches X Crypto Trading Championship to Energize Trading Community
15 Julio 2024 - 1:30AM
Orderly Network is proud to announce the launch of the X Crypto
Trading Championship, a dynamic initiative aimed at revitalizing
the trading landscape amidst current market challenges, with a
total prize pool of $175,000 USDC. This competition is designed to
inspire and engage esteemed traders worldwide, fostering both
healthy sentiment and community cohesion.
Commencing today, July 15 at 1PM (UTC), the competition will
span four weeks and consists of four ranking sessions. Each session
will run for a week, during which participants' trading
performances will be evaluated based on their Profit and Loss (PNL)
calculated in USDC across all trading pairs available on Orderly
Network. At the conclusion of each ranking session, results will be
published, and rewards distributed based on cumulative points
accumulated throughout the competition.
Orderly Network is renowned for its innovative omnichain
liquidity infrastructure, offering a robust layer-2 platform that
enables efficient and permissionless trading on Web3. Powered by
the Orderly Chain and LayerZero, the network consolidates orders
from multiple chains into a unified orderbook. This consolidation
significantly enhances trading efficiency, increases liquidity
depth, and tightens market spreads for traders worldwide,
addressing the fragmented liquidity challenges prevalent in the
crypto world.
Participation in the Orderly X Crypto Trading Championship is
exclusive and by invitation only, ensuring a high-caliber field of
master traders who are verified by Orderly. Each Master Trader will
receive $10,000 USDC pre-funded to their authorized wallet address
before the start of the competition, supporting their trading
activities across all ranking sessions.
Arjun Arora, Chief Operating Officer of Orderly
Network said, "By providing omnichain unified liquidity,
we support diverse trading for any asset, any chain and any
interface. We aim to support traders during challenging times,
reinforcing Orderly Network's commitment to excellence in trading
infrastructure. Our X Crypto Trading Championship invites esteemed
traders, fostering healthy competition and strengthening community
bonds within the trading ecosystem."
In conjunction with the competition, Orderly Network has
introduced ‘The Road to the Order’ campaign, an initiative aimed at
rewarding active traders with Merits, which contribute to their
participation in an upcoming airdrop event tied to the network's
token generation event. This initiative has garnered significant
interest, engaging over 69,000 weekly active traders who earn
Merits with every trade on the platform.
For more information on the Orderly X Crypto Trading
Championship and to learn about Orderly Network's innovative
solutions for liquidity, visit [https://orderly.network/].
Supporting imagery can be found
here
Orderly Network is a permissionless liquidity
layer for Web3 trading. Built on omnichain infrastructure, Orderly
enables deep liquidity for any asset across multiple blockchains.
Focused on a future of DeFi that’s open to all, Orderly empowers
developers to fluidly create a comprehensive array of financial
products for any level of trader, without the risks of wrapped
asset movement through cross-chain bridging. Learn more
at orderly.network
For PR enquiries related to this release, please contact
pr@orderly.network
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a693d1b6-64af-4d92-941b-cfb97a5922a1