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Nash Community - Trading Lottery Competition

By Dulaj Jun 12 5 min read
coinner-trading-competition
Activity Period: 2023/07/03 00:00 - 2023/07/14 23:59 (UTC)
How to Participate ?

Generate $1000+ daily trading volume on the Nash L2 exchange using Coinner bots!

During the competition, Coinner will track the daily trading volume generated by all bots running on the Nash L2 exchange and display it on the competition leaderboard.
How to Earn Lottery Tickets ?

You will receive a random lottery ticket number for every $1000 daily trading volume your bots generate between 00:00:00 to 23:59:59 (UTC).

For example, if your total daily trading volume is $10,400, you will earn 10 lottery tickets for that day!

Please note that the volume counter resets daily, so you cannot earn a ticket with $400 volume one day and $600 the next.

Five winning ticket numbers will be drawn per day!

How We Select a Winning Lottery Number:


1) We use the last 6 digits of the hash value of the first block after 02:00:00 (UTC) the next day on Ethereum to determine the first winning lottery number.

2) The maximum lottery ticket number is the same as the total number of lottery tickets, so the following formula is used to find winners.

coinner-trading-competition
(See the example at the bottom of the page.)

Lottery Rules:


1) A minimum daily rewards pool of $50 USDC will be divided among five winning ticket numbers.

2) Users' lottery ticket numbers will be notified via email before 01:00:00 (UTC) the next day, and the lottery winning numbers will be announced before 12:00:00 (UTC) the next day.

3) The hash value of first 5 blocks after 02:00:00 (UTC) the next day on Ethereum is used to find 5 lottery winners.

4) Each winning number must be unique. If duplicate winning numbers occur, the following valid number set in the hash value is chosen.

5) Participants can win multiple prizes daily if they have more than one ticket in the daily draw.

6) For a daily draw to be held, a minimum of 5 tickets will need to be held by users. If five tickets or more are not produced daily, no draw is held, and the competition will be extended by an additional day.

7) Rewards will be paid out in USDC on the Poly Network.

8) Rewards will be recorded and paid out within 7 days after the end of the competition.

Example of Lottery Winning Number Selection:

Assuming the maximum lottery ticket number is 80.

  • For block 17461780, the hash is 0xff37b70eca28f9731768ad6bf0d2c51fb711b48fb55f55ab4231d4ac4fb5ba2f, and last 6 digits are 314452.
  • We can find winning ticket number as image showing below.
  • coinner-trading-competition
  • So for the block 17461780, winning ticket number is "25".
  • We look at the next block to find the second winning ticket number.
    For block 17461781, the hash is 0x4e0dea98a3f74947ae0d8d2f39afba0398f9dc309a4b5a90af5ac383f498f14d and last 6 digits are 349814.
    So winning ticket number is determined as follows:
    round((80/1000000)*349814) = 28.
  • By following this method, we will find 5 winners per day.

Note:

  • The prize pool is made possible by donations from the Nash community.
    We express our heartfelt gratitude to everyone who has donated. This competition would not be possible without your generous support!
    Current Total Reward Pool is : 50 USDC
  • Please make your donation in USDC on the POLY NETWORK to the following wallet address: 0x98bb7fC1Ee44f072762cF8e9cddBfb3Be62CC31f
    polygon qrcode
  • Donations are welcome right up until the last day of the competition.
  • If they reach somewhere between $1000 - $2000, we will hold a 20-day competition. Anything over $2000, we save the remainder and use the funds to kickstart the next competition kitty!

New to Coinner ?

  • Please check the article "Connect Nash Account with Coinner" for guide to connect your Nash Exchange account with Coinner.

  • Watch the video below, which explaining grid bots and how to create one on the Coinner platform. 👇
Thank you !

Disclaimer: The contents of this article should not consider as financial advice. There is a high-risk associated with cryptocurrency trading. The user must do their own research before investing in cryptocurrencies.


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