The White Whale (WHALE) spot market is now available on Helix, the premier on-chain crypto exchange built on Injective.
To celebrate the listing of WHALE/USDT Spot on Helix, the White Whale team is sponsoring 500,000 WHALE tokens to Helix traders worldwide. In order to participate, users can join the Trading Competition and LP Rewards to win exclusive rewards while trading on Helix.
- To learn more about White Whale (WHALE) Spot Market, click here.
- To learn more about LP Trading Bots, click here.
- Get started here: Link
Trade to Win 500,000 WHALE in LP Rewards & Trading Competition
To celebrate the listing, the White Whale team is sponsoring 500,000 WHALE in prizes for Helix traders via two campaigns: LP Rewards and Trading Competition. Both campaigns will last for 8 weeks since the market launch.
1. LP Rewards
With LP Rewards, traders can use Spot Grid Trading Bots to provide liquidity to Helix markets. As a liquidity provider, you will be eligible for rewards based on the trading volume generated through your grid trading bots. Here’s how you can get started.
- Select “Liquidity”at the top navigation bar on Helix.
- Deploy your grid trading bot to execute your trading strategy on WHALE/USDT spot market, thereby providing liquidity to the market within the specified price range.
- Based on the trading volume generated by your grid trading bot, you will be able to claim token rewards at the end of the campaign.
- Your rewards amounts are directly proportional to the total volume generated by your grid trading bot. You can go to the “LP Rewards” section under “Rewards” to monitor your estimated rewards on the leaderboard.
- The campaign starts on November 28th, 2023 at 3PM UTC, and ends on January 23rd, 2024 at 3PM UTC.
- No sign-up is required. Transactions using Liquidity Bots on and only on the WHALE/USDT Spot market on Helix will be counted into the campaign during the campaign period.
- Upon campaign completion, a “Claim” button will appear, allowing you to easily collect your rewards.
- Total rewards: 300,000 WHALE
2. Trading Competition
The second campaign is the volume trading competition which will reward the Top 20 volume traders on WHALE/USDT market within the first four weeks and the second four weeks respectively since the market launch.
The trading competition will offer users the opportunity to trade on Helix in order to not only win prizes exclusive to this competition, but also to enjoy market leading rebates, zero gas fees, lightning fast speeds and best-in-class security.
- The first half of the competition starts on November 28th, 2023 at 3PM UTC, and ends on December 26th, 2023 at 3PM UTC.
- The second half of the competition starts on December 26th, 2023 at 3PM UTC, and ends on January 23rd, 2024 at 3PM UTC.
- No sign-up is required. Only the transactions placed on the WHALE/USDT Spot market on the Helix frontend will be counted.
- Rewards will be distributed to traders with the Top 20 highest effective real volume they contribute during each four-week period. Each winner will receive 5,000 WHALE as the reward for each of the four-week competition.
- Trading volume counts both buys (long) and sells (short) during the competition period, excluding any wash trades.
- Winners will be announced by December 30th, 2023 and January 30th, 2024 respectively.
- Total rewards: 200,000 WHALE
WHALE-USDT Market Details
- Base asset: WHALE
- Quote asset: USDT
- Minimum price tick size: $0.00001 WHALE
- Minimum quantity step: 10 USDT
- Trade and earn multiplier: 1X maker pts; 1X taker pts
- Fee: -0.01% maker fee; 0.1% taker fee
- Trading hours: 24/7/365
- How to create your Injective wallet: Link
- Onboard onto Injective instantly with fiat: Link
- Transfer assets to Injective via Injective Bridge: Link
- A quick guide on how to make a trade on Helix: Link
- Trade and Earn on Helix: Link
- Earn trading fee discounts by staking INJ: Link
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions.
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
About White Whale
White Whale is an L1 Blockchain on Cosmos with a vibrant ecosystem and community focused on DeFi innovation and LST yield strategies. On top of having its own chain, called Migaloo Chain, White Whale also has protocol outposts, or Liquidity Hubs on 7 other Cosmos chains. Liquidity Hubs consist of Bot First Pools (BFPs) and Flash Loan Vaults.