nftperp Paper Buying and selling Competitors | by Tide | Sep, 2022

nftperp plans to introduce the first-ever DEX the place you possibly can lengthy and quick commerce NFT flooring costs are lastly coming to fruition!

As they gear up for his or her mainnet launch, we’re proud to announce nftperp first-ever Paper Buying and selling Competitors in collaboration with Tide Protocol, FloorDAO, Milady Maker, and Good Minds.

Contributors are in a position to win unique nftperp NFTs, uncommon Milady Maker NFTs and tokens, an opportunity to get $NFTP token airdrops as soon as launched, and rather more!

Registration opens on September 26th and the Paper Buying and selling Competitors begins on October third.

With Arbitrum mainnet proper across the nook, nftperp is internet hosting a Paper Buying and selling Competitors with tons of rewards for grabs!

Be a part of the competitors on Tide, commerce and compete alongside your fellow NFT degens for an opportunity to win unique prizes from Milady Maker NFTs, Good Minds NFTs, Floor DAO and an $NFTP Airdrop as soon as they launch their token.

The sign-up interval will begin on September 26th on Tide, whereas the precise competitors will begin on October third on the nftperp platform, ending on October 14th. The next particulars are all it is advisable to know to take part.

nftperp is a perpetual futures trade for NFTs that tracks the ground costs of NFT collections. So for the primary time ever, degens like your self can speculate and take lengthy or quick trades on these NFT collections.

Constructed on prime of Arbitrum, a quick, safe, and low-cost Ethereum L2, everybody can actively speculate NFT collections with out even proudly owning the precise NFTs.

Listed here are some advantages for you and why you would possibly wish to commerce on nftperp:

• Speculate on blue chip NFT collections similar to BAYC, Punks, Miladys, and extra. Suppose the NFT bull run is coming again? You may place a protracted commerce with out proudly owning an NFT!
• Means to hedge towards your individual NFT assortment — if you happen to’re fortunate sufficient to personal a BAYC, for instance, you possibly can place a brief commerce and recoup the losses from holding such NFT
• Can’t afford a Bored Ape? Properly, now you don’t have to personal one to be able to get publicity

Learn extra about nftperp of their documentation.

Tide is a discovery and a focus layer connecting customers and initiatives primarily based on pursuits and incentives.

Tide is constructing the infrastructure permitting customers to attach with web3 communities consistent with their pursuits and values, being rewarded for his or her lively participation and worth offered.

Then again, it allows initiatives to gamify their purposes and ship customized experiences to their customers, to be able to interact and develop natural communities by offering focused and versatile rewards for actions (on-chain, off-chain, social interactions).

See extra on the docs.

The nftperp Paper Buying and selling Competitors is designed to allow customers to check the platform on Arbitrum mainnet with $mockWETH.

Please remember that $mockWETH has no actual worth, and all of the earnings and losses is not going to be actual.

Contributors solely should pay the gasoline charge for the transactions they submit. Being on Arbitrum, the whole gasoline charges that any particular person participant will incur throughout the Paper Buying and selling Competitors will most likely quantity to lower than $1.

Fast Details

● Signal-up begins on September 26th on Tide

● Go to https://www.tideprotocol.xyz/users/campaign/20. Upon registration, an unique participation badge is minted for every pockets finishing the required duties

● As soon as signed up, customers obtain precisely 10 $mockWETH to make use of to commerce within the nftperp platform

● The Paper Buying and selling Competitors begins on October third and lasts for 2 weeks till October 14th, when the ultimate leaderboard is printed

● Customers can monitor their place within the rating and their P&L on the nftperp leaderboard

● Inside 48 hours from the top of the competitors, badges shall be up to date based on the leaderboard and buying and selling stats

● The NFT Assortment Buying and selling Pairs are the next:

1. BAYC / WETH
2. MAYC / WETH
3. PUNK / WETH
4. MILADY / WETH

Rewards

The entire prize pool for the buying and selling competitors is over 500,000 $NFTP, within the type of IOUs paid out when the token launches on mainnet.

The highest 200 merchants will win airdrops!

• 1st Rank — 50,000 $NFTP
• 2nd Rank — 30,000 $NFTP
• third Rank — 15,000 $NFTP
• 4th to 25th Rank — 7,500 $NFTP per pockets
• 26th to 100th Rank — 2,000 $NFTP per pockets
• 101st to 200th Rank — 1,000 $NFTP per pockets

Extra prizes

• 1 Uncommon SS Rank Milady Maker NFT Sponsored by Milady Maker
• 1 Milady Maker ERC-20 token to 2nd place winner from FloorDAO
• 1 Good Minds NFT for every of the highest 5 merchants

Match NFT badges

Each consumer that indicators up for the buying and selling competitors will mint an unique participation NFT badge. These NFTs are dynamic and can evolve primarily based on customers’ buying and selling performances, reflecting their place on the leaderboard (see the pictures under).

Competitors Guidelines

1. To be eligible for rewards, a participant must have signed up through Tide and have made at the very least one commerce throughout the competitors.
2. Every participant’s pockets ought to begin the competitors with precisely 10 $mockWETH.
3. You can’t switch $mockWETH from the participant’s pockets throughout the course of the event. Any such switch would robotically disqualify the participant from the competitors.
4. The leaderboard shall be primarily based on Realized PnL solely.
5. Void the place prohibited by legislation. (Test your nation for laws).
6. nftperp crew will take any last selections concerning violations of the said guidelines in addition to different issues as they see match. The purpose is to make sure a good and enjoyable competitors. Those that violate guidelines shall be disqualified from receiving rewards.

How you can Take part

Customers enroll within the buying and selling competitors by the “Campaigns” web page on Tide.

Customers have to finish the next steps to be eligible:

1. Join pockets

• Solely lively customers — wallets with at the very least one transaction on Ethereum Mainnet and Arbitrum between June 11th and September 11th — are eligible to enroll. 9 million wallets have been discovered consistent with the necessities. This precaution has been designed to keep away from multi-accounting. If you’re not eligible and consider it’s a mistake, please attain out on Tide’s Discord or on nftperp’s Discord.

2. Signal-in with Ethereum

• Solely a signature is required.

3. Join Twitter

• Authorize Tide to open a Twitter session

4. Carry out twitter actions

5. Mint a participation badge (“Take part” button). The consumer must pay a bit of gasoline charge (lower than $0.05) to be able to mint the badge. The participation badge could also be differentiated based on pockets on-chain footprint

6. The 10 Mock WETH must be minted by the consumer on https://staging.nftperp.xyz/trade.

7. You’re all set! Between October third and October 14th it is possible for you to to commerce and win!

Sponsors

The nftperp Paper Buying and selling Competitors is sponsored by Tide, FloorDAO, Milady Maker, and Good Minds NFT.

Tide is a discovery and a focus layer connecting web3 protocols with web3 customers. It’s a social app that everybody can use to construct sustainable communities and engagement.

FloorDAO is a decentralized NFT market-making protocol. It allows deep, sticky liquidity for all NFT collections contained within the FloorDAO treasury. FloorDAO makes use of the bond & rebase mechanisms pioneered by OlympusDAO to build up productive NFT liquidity, which is then deployed in methods similar to NFTX vaults to generate yield.

Milady Maker is a cult assortment of 10,000 PFP NFTs by the avant internet artwork collective, Remilia Company.

Good Minds is an indie, art-focused NFT assortment with a number of characters. There are 6000 randomly generated and lovingly curated outputs that exist collectively on the Ethereum Blockchain.

Prepared to affix?

Go to TIDE and begin browsing on web3!

Test us out on the following hyperlinks:

TIDE:

Discord | Twitter | Docs | Lens | Website

nftperp:

Discord | Twitter | Docs | Lens | Website