PRESS RELEASE. JayX, a pioneer in blockchain innovation, is excited to introduce the LK Trading Contest, a unique event crafted to engage traders of all skill levels with its innovative dual prize structure. Scheduled to run from May 20, 2024, 10:00 UTC to June 20, 2024, 9:59 UTC, this competition celebrates both high achievers and those experiencing trading setbacks, ensuring inclusivity for all participants.

Competition Overview

Participants will be divided into three distinct categories:

1. Lords of Trading: This category acknowledges top performers who achieve the highest Profit and Loss Percentage (P&L%) through their exemplary market strategies.

2. Knights of Trading: Traders in this category are commended for having the lowest P&L%, yet they contribute significantly to market activity and vitality.

3. Trading Warriors: This group celebrates participants with high trading volumes, showcasing exceptional market engagement.

Upon linking their wallets, each participant will receive 10,000 virtual USDT for trading. The objective is to attain the highest or lowest possible P&L% using these funds. To be eligible for prizes, participants must achieve a minimum trading volume of 20,000 virtual USDT by the competition's conclusion.

Prize Distribution

The competition offers a total prize pool of 10,000 USDT and 1,500,000 SEED tokens, distributed as follows:

- Lords of Trading Prize Pool: 5,000 USDT and 250,000 SEED tokens, distributed among the top 5 P&L% traders (50%, 20%, 15%, 10%, and 5% respectively).

- Knights of Trading Prize Pool: 5,000 USDT and 250,000 SEED tokens, distributed among the bottom 5 P&L% traders in proportion.

- Trading Warriors Pool: 1,000,000 SEED tokens, distributed among participants with over 50,000 USDT trading volume who do not win in the Lords or Knights categories.

The first 50 participants will receive an exclusive invite code for JayX Genesis, providing early access to upcoming platform features and special privileges.

Inclusive and Engaging Competition

JayX’s LK Trading Contest aims to honor all types of traders. Whether excelling in profit maximization, contributing to market dynamics, or demonstrating exceptional trading volume, there's a reward for every participant. In this contest, even those facing losses have an opportunity to win big, fostering a supportive and engaging trading environment.

About JayX

JayX Protocol is a decentralized blockchain solution poised to revolutionize asset management with unparalleled on-chain transparency and security. The mission is to offer the seamless experience of a centralized exchange coupled with the robust security of a decentralized one, enabled by the platform’s innovative Chain Abstraction and Multi-Party Computation (MPC) technology.

JayX DEX users enjoy a seamless trading experience akin to any centralized exchange, combined with the security and fairness of decentralized exchanges. Users can trade assets from any blockchain while securely storing all assets on-chain. The platform provides advanced features to streamline trading, while also addressing multi-regional regulatory compliance.

A demo of the JayX Protocol is currently accessible, with the full launch anticipated in Q4, 2024.

JayX is dedicated to cultivating a strong community of traders and developers, offering various educational resources and support to help users unleash their potential. The platform's user-friendly interface and comprehensive tools cater to both novice traders and seasoned professionals, making blockchain technology accessible to a wider audience.

For further details and registration, please visit the LK Contest website.