Trading Cups
Bullet is Solana’s first Network Extension built for trading. It is an institutional grade Perps DEX, with future lending capabilities and spot assets.
The Bullet Genesis Cup is designed as a commemoration of the release of Bullet gated mainnet. It is is used to collect feedback from the community and to stress test the network. The competition is incentivised with $5,000 USDC. These prizes will be distributed in the future directly into the users' Bullet trading account as trading credits.
Trading credits are not allowed to be withdrawn from the platform and are meant to be traded within the platform. However, realized profits can be withdrawn.
Traders will be distributed prizes based on their rankings in the competition. These rankings will be based on the traders' dollar-denominated PnL, where the trader with the most profit is ranked in first place.
Bullet Genesis Cup Summary
Prize Pool
$5,000 USDC. Deposited into users' accounts in the future.
Dates
6th April 2026 - 10th April 2026
Trading Instruments
Perpetual Futures
Winning Criteria
Traders are ranked in order of profit (dollar amount PNL) and will be placed for prizes accordingly. Rules for social bonuses are also listed down below.
Prize Table
Grand Prize
$1,500 USDC
2nd Place
$800 USDC
3rd Place
$500 USDC
4th Place
$350 USDC
5th Place
$250 USDC
6th to 10th Place
$120 USDC each ($600 total)
11th to 20th Place
$50 USDC each ($500 total)
Social Bonuses
$100 USDC for 5 winners ($500 total)
Note: Prizes are paid out as USDC trading credits into the users trading accounts on Bullet. These prizes can only be used on Bullet, however any profits earned using these can be withdrawn by the user to wherever they wish.
Leaderboard standings at the competition’s end are provisional. All results will undergo a thorough review to remove bots and sybil accounts.
Rules For The Competition
Eligibility
Each participant is limited to one account, duplicate accounts will result in disqualification.
The Genesis Cup is open for all gated mainnet users.
Bullet reserves the right to disqualify users deemed outside of Bullet’s risk appetite, as well as due to non-adherence to the terms as set out herein.
Bullet will actively be removing users who are identified as sybils.
Trading Rules
All trades must be executed on the designated trading platform during the event period.
User activity will be monitored for manipulation or abnormal patterns - if they are identified, the user will be disqualified from the competition.
Only trades made within the official competition timeframe will count toward the final standings.
Users will be ranked based on the dollar value of their profit, with the most profitable trader ranking first.
Prohibited Actions
No trading strategies involving manipulation or exploitation of system bugs or loopholes.
Participants must not engage in collusion or coordinated trading with other participants.
Users must not violate the integrity of the competition by spinning up multiple trading accounts.
Rewards and Disbursement
Prizes will be distributed according to the prize schedule.
Trader prizes will be deposited into users' mainnet trading accounts as trading credits.
Prizes are non-transferable and cannot be exchanged for cash or other assets.
In case of disqualification, the prize will be awarded to the next eligible participant.
Disclaimers
The event organizers reserve the right to modify or cancel the competition at any time.
Participants acknowledge the trading environment may have limitations, bugs, or other technical issues, and no compensation will be provided for such occurrences.
Technical Issues
In the event of technical disruptions (e.g., testnet outages), the competition timeline may be extended or adjusted.
Organizers will investigate and resolve disputes regarding technical glitches at their discretion.
Rules For Social Bonuses
Sharing trades on X
Participants share their PnL cards and the trade UI on X and tag our X account, @Bulletxyz
We will retweet the best ones daily to give them visibility
Rules:
PnL cards and the platform's trade UI must both be used
No duplicate screenshots are allowed
Each post must be a unique trade
Live Streaming
Participants can also go live while trading during the comp on X live, YouTube, Twitch, or Discord Stage
Each stream must have a length of at least 10 minutes
They need to drop the stream link in our discord #genesis-cup channel before the stream
Pre-recorded content will not count
The team will choose the top 5 tweets and streams to award based on views, engagement and authenticity.
Previous Rounds: Round 1 (Started on 18 August) of the competition has concluded, $20,000 USDC mainnet credits will be awarded for round 1 winners when it goes live. Round 2 (Started on 10 September) of the competition has also concluded, $10,000 USDC mainnet credits will be awarded for round 2 winners when it goes live. Round 3 (Started on 22 September) of the competition has also concluded, $20,000 USDC mainnet credits will be awarded for round 3 winners when it goes live. Breakpoint Cup (Started on 11 December) has also concluded, with the cash prizes already distributed.
The Bullet testnet trading cups were designed to collect feedback from the community and to stress test the network. Traders should note that the trading competition used mock tokens which will be airdropped on testnet during the sign-up process - creating the perfect environment for community members to test the network, build their trading skills and win prizes to bootstrap their mainnet trading account. All account balances were reset at the start of the competition to ensure fairness.
Traders will be distributed prizes based on their rankings in the competition. These rankings will be based on the traders' dollar-denominated PnL, where the trader with the most profit is ranked in first place.
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