@nadoHQ@xStocksFi A New Era of Units Universal Expansion has arrived.
Starting June 26. $NADO Points go Live for All Users.
Enroll In the Farming Snapshot Now to earn an Early Participants badge to later receive Enhanced $NADA Point Multipliers.
Enroll Now ⤵️
https://t.co/g9D266mXK9
@nadoHQ@xStocksFi A New Era of Units Universal Expansion has arrived.
Starting June 26. $NADO Points go Live for All Users.
Enroll In the Farming Snapshot Now to earn an Early Participants badge to later receive Enhanced $NADA Point Multipliers.
Enroll Now ⤵️
https://t.co/g9D266mXK9
@nadoHQ@xStocksFi A New Era of Units Universal Expansion has arrived.
Starting June 26. $NADO Points go Live for All Users.
Enroll In the Farming Snapshot Now to earn an Early Participants badge to later receive Enhanced $NADA Point Multipliers.
Enroll Now ⤵️
https://t.co/g9D266mXK9
@nadoHQ@xStocksFi A New Era of Units Universal Expansion has arrived.
Starting June 26. $NADO Points go Live for All Users.
Enroll In the Farming Snapshot Now to earn an Early Participants badge to later receive Enhanced $NADA Point Multipliers.
Enroll Now ⤵️
https://t.co/g9D266mXK9
@hyperlendx Season 1 of the $HYPE Treasury unlock rewards officially goes live on June 30.
Make sure to hold your positions for at least 90 days to meet the eligibility criteria for Interest Crates.
Track your $HYPE Compounding Rewards here:
https://t.co/SuTjJCVKyE
@nadoHQ A New Era of Units Universal Expansion has arrived.
Starting June 26. $NADO Points go Live for All Users.
Enroll In the Farming Snapshot Now to earn an Early Participants badge to later receive Enhanced $NADA Point Multipliers.
Enroll Now ⤵️
https://t.co/g9D266mXK9
Show us your points for this week in the comments.
312k points have been distributed across all Nado traders.
Remember, points boosts are available for certain new markets which can be identified in the UI.
4 Days left, $100K in prizes still to play for.
0xf89a holds the lead at 1,362.79% ROI, but the pack is closing in. 0x8643, 0xeb80 and 0x1539 are all north of +1,000% and climbing.
Who has what it takes to place on the leaderboard?
Nado’s $100K Trading Competition is a contest for traders. A number of accounts tried to game it through coordinated, large-scale manipulation.
Here's what was found, and what is changing on the leaderboard.
First, a shoutout to two longtime community members who brought this to light. @muarmemuar flagged the suspicious accounts near the top of the leaderboard and posted an on-chain breakdown, conducted by @jekich0id_xbt and who helped identify further accounts that violated the competition rules.
Their work was corroborated by independent on-chain analysis from @Delphi_Digital Consulting team. Based on that analysis, Nado determined that a number of individuals were running clusters of accounts to climb the ROI leaderboard. While operating dozens-to-hundreds of accounts may not be expressly prohibited, these account families were also found to engage in activities that are prohibited under the competition rules. More specifically, Nado identified multiple patterns of prohibited activity, including market manipulation across FX perp markets and extensive self referral activity, each spanning a large number of accounts. Going forward, Delphi will support due diligence for future Nado Trading Competitions.
Self-referral & sybil activities. Nado has determined that such activities constitute manipulation and abuse of the competition structure, and has exercised its discretion under the competition rules to disqualify the accounts involved. Over six hundred accounts will be disqualified from the ROI and Volume leaderboards on this basis.
Market manipulation. Another set of accounts were found to be self-trading and displaying other forms of market manipulation across FX perp markets, also prohibited under the competition rules. Over forty accounts will be disqualified from the ROI and Volume leaderboards on this basis.
All disqualifications are made in Nado's sole discretion pursuant to the competition terms and conditions. Accounts will continue to be reviewed over the remainder of the competition, and we'll announce once the final leaderboard is locked in after the competition ends.
These competitions only work if the leaderboard is real. A competition that pays out to a cluster of fake accounts isn't worth anything to the traders it's meant for, so Nado will always fix this before paying out prizes.
Once again, thanks to @muarmemuar and @jekich0id_xbt, who did all of this in public and brought it forward before any prizes were paid out.
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