We are excited to announce that FMFW.io will be hosting a Trading Competition with MAHADAO for a total prize of $30,000 in MAHA! $MAHA is a governance token that empowers the token holders to vote on savings rates, stability fees, direction, strategy and future course of action for the $ARTH coin to achieve the World's first non-depreciating currency. The $MAHA tokens help keep the $ARTH coin completely decentralized.
The top 75 traders with the highest trading volume will be sharing the prize pool. The competition starts on January 24th at 00:01 UTC and runs until February 2nd, 23:59 UTC.
You can join by simply going to our competition page, clicking the "apply now" button, and registering for it. Your trading volume will then automatically be tallied.
Prizes will be awarded in the following manner:
1. $4,500 MAHA
2. $2,175 MAHA
3. $1,500 MAHA
4. $1,350 MAHA
5. $1,200 MAHA
6. $1,050 MAHA
7. $975 MAHA
8. $900 MAHA
9. $825 MAHA
10. $750 MAHA
11. $675 MAHA
12. $600 MAHA
13 - 15. $525 MAHA
16 - 20. $450 MAHA
21 - 25. $375 MAHA
26 - 35. $300 MAHA
36 - 45. $225 MAHA
46 - 55. $150 MAHA
56 - 65. $75 MAHA
66 - 75. $30 MAHA
Terms and conditions apply
MAHADAO aims to achieve decentralized governance, it's powered & governed by the people and is designed to keep a vibrant community at the helm of all decision making. Using democratic frameworks like governance portals, forums & the power of social discourse, growth is driven by the community and for the community.
$MAHA is a governance token that empowers the token holders to vote on savings rates, stability fees, direction, strategy and future course of action for the $ARTH coin resulting in the World's first non-depreciating currency.
Terms and Conditions
"Trading Volume" is defined as the sum of a trader's total buys and sells (excluding wash trades) of MAHA/USDT trading pairs on FMFW.io Exchange. We calculate Trading Volume in the following way: Trading Volume = Sum (executed buys of MAHA/USDT pair) + Sum (executed sells of MAHA/USDT pair).
Winning traders will be notified by email, and rewards will be deposited to their FMFW.io Exchange wallets within 3 weeks after the end of the Promotion Period.
The trading competition runs between January 24th at 00:01 UTC and February 2nd, 23:59 UTC, ("Promotion Period").
From Monday, January the 31st at 09:00 UTC to Friday, February the 2nd at 23:59 UTC trading fees will be at a 50% discount exclusively for MAHADAO Trading Competition operations.
Participation in the $30,000 MAHA Trading Competition is limited to one trader account per legal or natural person. Persons found to have competed with more than one trader account will be disqualified from the competition.
Please note in the event of disqualification of any participants due to a breach of the terms and conditions of the trading competition, the leaderboard ranking may not be adjusted.
FMFW.io Exchange will use the ad hoc average daily closing prices of the MAHA/USDT trading pair during the competition period as the MAHA/USDT exchange rate for MAHA distribution. For an explanation of the calculation of the ad-hoc average daily closing rate, refer to this article.
The $30,000 MAHADAO Trading Competition is hosted by FMFW Ltd. The terms and conditions of this competition form part of the User Agreement. The FMFW.io Exchange reserves the right to cancel the MAHADAO Trading Competition or amend its terms or conditions unilaterally without prior notification. All existing terms and conditions on the FMFW.io Exchange website apply to this MAHA Trading Competition.
By participating, you confirm the following: "I accept that performing wash trades and using multiple accounts during one trading competition will lead to my being excluded from the competition. FMFW.io Exchanges's decision is final and binding".