Hedge App Second Round of Ethereum Testnet Derivatives Trading Competition

NESTProtocol
3 min readNov 3, 2021

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*Hedge App is a decentralized financial derivatives application developed based on the Fort protocol. It can open and close positions at any time, with no limits on calls or puts and no commission fees. The current products are options and perpetual contracts, participants can pay DCU token to make long or short product operations on ETH coins. DAO automatically completes product settlements for the increase or destruction of DCU, the native token of fort protocol, according to the product operations of participants. Has unlimited liquidity and system gaming characteristics.

HEDGE APP The second round of Ethereum testnet derivatives trading competition. Officially begin! ! ! Do not spend money, get rewarded. Individual maximum reward is 1000$

Competition process:

(1) Join Telegram (https://t.me/fort_DeFi) and Twitter (https://twitter.com/FortProtocol) and submit relevant information to

Application test form:

https://docs.google.com/forms/d/1jWxbZSgQe78EfNVIq1aA6Pe2xFOsFRYB9pl0z19cz1o/edit

(2) Operating commodities or perpetual contract products

Website link: https://test.hedge.red

competition rules:

(1) Each participant participating in the testnet competition will receive 10,000 DCU test coins. During the 12-day competition, the final result of the competition is ranked according to the number of DCU tokens.

(2) One option or futures product operation must be completed to receive random rewards.

(3) All operations must be perpetual contracts or option contracts, other products do not require operations, and simple DCU token transfer transactions are deemed invalid.

(4) Invite 1 person to participate in the testnet competition, and you will get 500 more DCU test coins, and the number of invitees cannot exceed 10 people.

Reward rules:

The first place will receive a 1,000$NEST reward, and the second to fifth players will receive a reward of NEST coins worth $200. Participants ranked 6–40 in the test event will receive 30 USD worth of NEST coins. For participants who have not obtained any rankings, 2,000 participants will be randomly selected to receive a total of 3,000 US dollars worth of NEST currency rewards.

(All prizes will be paid in NEST coins, and the reference price is the NEST price on the day the competition ends.)

https://coinmarketcap.com/currencies/nest-protocol/

When the number of participants exceeds 3,000, all prizes will be increased by 20%. When the number of participants does not exceed 1,500, all prizes will be reduced by 50%.

Participant rules again:

(1) If you have participated in the competition before, you still want to participate in the competition.

(2) Please return the excess DCU test coins to this Ethereum address: 0x2Ad46b4C383A97CE71469DEBc88daC5E7bD28610

Keep the number of DCU test coins in your account at 10,000 DCU to participate in the competition.

Competition and award time:
(1) Competition time: from November 4th to November 16th
(2) Reward time: Rewards will be issued on the 4th day after the end of the competition.
(3)Ranking announcement date: 18 November

If you use multiple addresses to participate in the competition, the reward will be cancelled directly.

The final interpretation right of this program belongs to Fortdao.
Participants of this event do not need to pay any fees
November 3, 2021

other information:
Hedge App test teaching:
https://fortprotocol.medium.com/hedge-app-handbook-a7830ad8cb05
Testnet DCU token address: 0xc408edF487e98bB932eD4A8983038FF19352eDbd
Test network selection: RinkebyTestNetwork
Fort Protocol White Paper: https://github.com/FORT-Protocol/Docs/blob/main/FORT_WhitePaper.pdf
Fort Protocol Twitter: https://twitter.com/FortProtocol
Fortress Protocol Telegram: https://t.me/fort_DeFi
Hedge application website: https://hedge.red

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NESTProtocol
NESTProtocol

Written by NESTProtocol

Now it’s not just the oracle. Oracle+OMM+PVM=NEST Deployed on #ETH #Polygon #BNB #KCC

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