🎯KiX Beta Testing for a share of 1,000,000 $KIX!!!
Huge Prizes to be won in the KiX trading competition - Get involved now!
Last updated
Huge Prizes to be won in the KiX trading competition - Get involved now!
Last updated
KiX Beta testing introduces traders to the exciting and immersive KiX trading experience for FREE and gives traders a chance to win a share in the 1,000,000 $KiX Grand Prize plus additional prizes along the way - we will keep you posted!
The main campaign where traders can win a share of the 1,000,000 $KIX prize will run from 12:00 UTC (Midday) on Friday, November 10th, 2023, until the mainnet release in late Q3 or early Q4 in 2024.
It's an opportunity to learn how to trade our NFT footballer DATs, try to maximize your trading profits, participate in our bi-weekly contests, and profit from your knowledge of football—in short, to learn our Play2Earn format.
In addition, we want to reward our early adopters and evangelists and build a vibrant and passionate KiX community that can spread the word and share its knowledge. It will provide the foundations of the KiX Ambassador Program.
The 900,000 $KiX will be distributed pro-rata according to a leader board of trader performance at the end of the competition
Trader performance is determined by their All Time Profit:
All Time Profit = Winnings + Unrealized P&L + Realized P&L
This means that traders who maximize their overall performance will rank higher on the leader board and therefore be entitled to a higher pro-rata share of the 900,000 $KiX.
The Zealy component of the KIX Trade-athon will reward traders with a share of 100,000 $KIX. The 100,000 $KIX will be distributed pro-rata according to the ranking of XP points on the Zealy quest leaderboard.
35,000 $KiX have been finalised in Phase I and allocations can be seen here
The definition of All Time Profit for the purpose of the Tradeathon Competion is as follows:
All Time Profit = Winnings + Unrealized Profit + Realized Profit
Winnings = payouts each Game Group to holders of the best three performing footballers during that Game Group, or all Game Groups for allocating the 900,000 $KiX prize pool.
Unrealized Profit = the profit on tokens that remain held within a portfolio; this calculation results from the difference between the tokens' cost and value.
Realized Profit = the profit on tokens that have been sold and no longer remain within a portfolio; this calculation results from the difference between the cost of the tokens and their value when they were sold.
All Time Profit will be expressed as a FreeKiX value and also as a % for the period in question: being during an individual Game Group, for the $1,000 prize pool per Game Group or over the period of the entire Tradeathon Competition for the 900,000 $KiX prize pool.
During June and July 2023 we had a very successful first phase of Alpha testing. The objective of the first phase was to identify any major bugs and any design improvements so that users could enjoy the product in the best way possible. This round of testing was closed and the results can be seen below. However, please stay tuned to our social media channels for further announcements as we are planning on doing a whole suite of releases in combination with airdrops and campaigns!
Alpha Phase 1 Results: ✅31 days of Game Groups ⚽️📅 ✅Over 19,000 DAT transactions ✅A whopping 13,414,103 KIX notional traded 💰📈 ✅All 41 Player DATs bought and sold 🤝🔄 ✅900+ unique wallet IDs 📚🤝 ✅22,588.75 KIX in Total Winnings paid out 🏆💰 ✅33,914,000 FreeKIX distributed 🎉🎁 We have now progressed to a second phase of testing which is the trading competition with 1,000,000 $KiX in the prize pool with winnings distributed every week.
