Backpack's Beta Rush Preseason Finale begins on January 27th at 2AM UTC. Trade Perpetual Futures and show the best PnL on Backpack to compete for a share of the 5M $SONIC token prize pool!
The campaign is made up of four separate events with rewards of 1.225M $SONIC each:
- Event 1 (Jan 27th - Feb 1st, 2AM UTC)
- Event 2 (Feb 3rd - Feb 8th, 2AM UTC)
- Event 3 (Feb 10th - Feb 15th, 2AM UTC)
- Event 4 (Feb 17th - Feb 22nd, 2AM UTC)
Rules for Event 2/3/4 will be shared before their start dates.
Start trading on Backpack Exchange today.
Prize Details & Qualifications
There are two prize tracks: Volume and Positive PnL. 612,500 $SONIC will be rewarded to the top 1,000 traders in each prize track. Rewards will be distributed pro rata.
How To Qualify
1) Enable Auto Lend on your account for the entire event period. This is required for both prize tracks.
- Navigate to the Lend tab and activate Auto Lend in the Margin Overview settings.
2) For Volume, trade >$50K Perpetual Futures volume during the event period.
3) For Positive PnL, achieve the best positive PnL possible. No volume requirement.
We will be applying anti-farming checks to the winners of both events and removing users who are using multiple accounts to earn additional rewards.
Event Period
- Event 1 (Jan 27th - Feb 1st, 2AM UTC)
- The Beta Rush Preseason Finale will end on Feb 22nd, 2AM UTC.
FAQs
Q: Will all users be eligible to participate?
A: Liquidity Providers who participate in the MM (Market Maker) Program are not eligible to participate. Users in the United States, United Kingdom and UAE are not eligible to participate.
Q: Does Maker and Taker volume count?
A: Both Taker and Maker volume are counted.
Q: When are the rewards distributed?
A: As soon as practically possible after the campaign ends.
Q: How do I claim my rewards?
A: Head to the Rewards menu on Backpack Exchange to claim!
Additional Information
Please note:
- Backpack Exchange reserves the right to end the campaign earlier.
- Backpack Exchange reserves the right to cancel any user’s eligibility for the rewards if it detects malicious behavior.
- If Backpack Exchange detects any violation of its Terms of Services, Backpack Exchange will notify the user and put the account into withdrawal-only mode.
To enter by mail without obligation, hand write on the front of a 3x5 card your name, address, city, country, postal code, e-mail address, telephone number and date of birth. Insert single card in an envelope and mail with sufficient postage to: Beta Rush Preseason Finale, Trek Labs Ltd FZE, Office 236, 2nd Floor, C1 Building, Dubai World Trade Center District, Sheikh Zayed Road, Dubai, United Arab Emirates. Mail-in entries must be postmarked by January 27th, 2025 and be received by February 1st, 2025. You will receive one (1) entry into the Sweepstakes for each mail-in entry received as stated above. Proof of mailing does not constitute proof of delivery. A winner that entered via mail will be required to create a new Backpack Exchange account and agree to the respective terms of use and privacy notice, to receive their prize. If you do not create a new Backpack Exchange account and agree to such terms of use and privacy notice within the timeframe indicated by Sponsor, you will be ineligible to receive a prize.
Further Reading
- Trading Fees on Backpack Exchange
- How to Create a Backpack Exchange Account (Desktop)
- How to Create a Backpack Exchange Account (Mobile)
Do you have questions or require further information?
Click the red “Live Chat” button on the lower right side of your screen or contact us via email at: support@backpack.exchange
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