Ronin has officially launched its first NFT Trading Contest, allowing participants to compete for rewards by trading NFTs. The competition runs from February 10th at 8 AM EST to March 10th at 8 AM EST and is open to anyone with a Ronin Wallet. No prior registration is necessary, making it accessible to all traders within the Ronin ecosystem. The event is designed to encourage trading activity while offering participants the chance to win a share of the prize pool, which exceeds $100,000.

Ronin Reveals NFT Trading Contest With 100k in Rewards

Over 100k Rewards

Participants can earn rewards through various means, including leaderboard rankings and raffle prizes. The top 500 traders will share $50,000 in $RON tokens, while an additional $50,000 worth of NFTs will be distributed through a raffle system. The top 10 traders will also receive exclusive partner rewards, including $KDR and $WF tokens. These incentives are structured to encourage trading and engagement within the marketplace.

How the Scoring System Works

Traders earn points based on their trading volume, with additional multipliers applied based on different types of transactions. Buying NFTs provides a 1.1x boost, while selling results in a 0.9x multiplier. Making trades using the new Collection Offer feature provides a 1.5x boost, making it a strategic option for maximizing rewards. Specific NFT collections, including Pixels Pets, Mokis, Primal HeroZ, WF Lords, and Kaidro Pilots, also offer a 1.25x boost when traded. These mechanics are designed to create a dynamic competition where participants can optimize their strategies to climb the leaderboard.

Alongside the contest, Ronin Market has introduced Collection Offers, a feature that allows users to place an offer that applies to all NFTs within a particular collection. This new system simplifies the buying process by enabling users to make offers on a collection rather than individual NFTs. Sellers can then accept these offers without the need for direct negotiations, creating a more efficient trading experience.

Collection Offers on Ronin Market

How to Participate and Rules

To ensure fair competition, the Ronin Market Trading Contest strictly prohibits wash trading and other artificial trading practices. Participants attempting to manipulate their trading volume to gain an unfair advantage risk immediate disqualification. The contest organizers have implemented a rewards system designed to promote legitimate trading activity, and proactive monitoring will be in place to enforce these rules.

Anyone with a Ronin Wallet can participate in the contest by simply engaging in NFT trades on the Ronin Market. There is no registration process required, and traders can start earning points immediately. With a significant prize pool and a fair competition structure, the event provides an opportunity for both experienced traders and newcomers to engage with the marketplace and earn rewards.

Final Thoughts

The Ronin Market NFT Trading Contest Season 1 introduces a structured and rewarding competition for NFT traders. With over $100,000 in prizes, a transparent rewards system, and new trading features like Collection Offers, the event offers an engaging experience for all participants. The contest aims to encourage trading activity while maintaining fairness through strict anti-wash trading measures. Traders looking to maximize their earnings can take advantage of the scoring system and compete for valuable rewards within the Ronin ecosystem.

Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. It is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. The views and opinions expressed are those of the author and do not reflect the official policy or position of any financial institution. Always consider your own financial situation, goals, and risk tolerance before taking any action.