Web3 trading platform Orderly Network has launched its X Cryptocurrency Trading Championship, featuring a substantial prize pool of $175,000 in USDC.
The championship is structured as a four-week event, consisting of four distinct week-long ranking sessions. Participants’ trading performances will be evaluated based on their Profit and Loss calculations in USDC across all trading pairs available on the Orderly Network marketplace.
According to a press release published on Monday, July 15, 2024, the platform aims to revolutionize the crypto trading landscape by engaging skilled traders worldwide and fostering community cohesion and positive sentiment.
Arjun Arora, Chief Operating Officer of Orderly Network, emphasized that this competition is designed to support crypto traders during challenging market conditions while reaffirming the company’s dedication to providing excellent trading infrastructure.
The championship is exclusively open to professional traders. Before the contest begins, each participant receives a pre-funded amount of $10,000 in USDC to their wallet addresses. The protocol’s team recently posted on X that 12 traders are already participating in the competition.
Orderly Network, renowned for its next-generation omnichannel liquidity infrastructure, offers a sophisticated layer-2 platform enabling high-end, permissionless trading across the Web3 sector. The platform consolidates orders from multiple chains into a unified order book, significantly enhancing liquidity depth, tightening market spreads, and improving trading efficiency for global traders.
This trading championship represents Orderly Network’s latest effort to engage the trading community, showcase its platform capabilities, and potentially attract more users to its innovative trading infrastructure.
The protocol recently launched ‘The Road to the Order’ campaign to reward active traders on its platform with incentives. The firm noted that these rewards, tagged ‘Merits,’ will enable traders to participate in the project’s upcoming airdrop event, which is connected to its upcoming token generation event.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
