2022-07-15 21:20:22
Minter DEX Market Maker Contest
As part of preparations for the launch of all planned Minter DEX elements, we are launching a contest event. You’ll need to place orders at the close-to-market prices observed on
CoinMarketCap. The goal is to concentrate liquidity around market prices of top assets via limit orders.
What you need to do
In pools with HUB,
place limit orders to buy an asset within a
-3% range of its price on CoinMarketCap.
Rewards
Over 24
hours, each pool is snapshot 24 times (once every hour at a random time). The user gets
0.01% of the volume of an order that’s active at the time of a snapshot.
How to join
1. Go to Minter Console (LIMIT ORDERS)
2. In the order creation form:
• choose
HUB as a token to sell and enter the amount you want
• pick a token to buy from the list below
• specify the price that falls within the range (more on that below)
3. Press Create limit order
Supported pools
— BNB-HUB (CMC)
— BTC-HUB (CMC)
— ETH-HUB (CMC)
— USDTE-HUB (CMC)
— USDTBSC-HUB (CMC)
— USDCE-HUB (CMC)
— TON-HUB (CMC)
How to calculate the price using CMC
1. Open a CMC page of a selected token
2. Open a CMC page of HUB
3. Divide the price of a selected token by the price of HUB. This will be your upper bound
4. Multiply the result by 0.97. This will be your lower bound
Terms
— From July 15 @ 9:00 a.m. UTC till October 15 @ 9:00 a.m. UTC
— Payouts in HUB: 0.01% of the HUB volume in each recorded snapshot (a daily total of 24)
— Budget: up to 1,000 HUB
— Only active orders and non-filled amounts are accounted for (in case the order has been filled partially)
— You may replace orders in any volume and at any time
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