Testnet Trading Cup
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 testnet trading competition is designed to collect feedback from the community and to stress test the network. The competition is incentivised with $20,000 USDC in prizes for the first round. These prizes will be distributed when the Bullet mainnet goes live directly into the users' Bullet trading account as trading credits. Traders should note that the trading competition uses 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 will be 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.
Trading Cup Summary
Prize Pool
$20,000 USDC for the first round. Deposited into users accounts when mainnet goes live.
Dates
Round 1: 18 August 2025 Round 2: TBD
Trading Instruments
Perpetual Futures
Winning Criteria
Traders are ranked in order of profit (dollar amount PNL) and will be placed for prizes accordingly.
Prize Schedule (Per Round)
Grand Prize
$10,000 USDC
Tier 1
2nd Place: $3,000 USDC
Tier 2
Ranks 3rd-7th (inclusive) $1,000 USDC each. 8th Place: $800 USDC
Tier 3
Ranks 9th-10th (inclusive) $600 USDC each.
Note: Prizes are paid out as USDC trading credits into the users trading accounts on Bullet when mainnet goes live. These prizes can only be used on Bullet, however any profits earned using these can be withdrawn by the user to wherever they wish.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 sibyl accounts.
Trader's Domain Boost
OGs who have participated in our Trader's Domain Discord Campaign are entitled to a 10% boost in starting capital.
Rules
Eligibility
Each participant is limited to one account, duplicate accounts will result in disqualification.
Each participant must sign up by verifying that they are indeed a real person. This is done by authenticating via your X account. You may choose to keep your X account anonymous by clicking on the checkbox during the sign up flow to ensure privacy.
Your X account must have been created before the 18th of March. This is to ensure that users don’t sybil by spinning up multiple X accounts specifically for the competition.
Users may register to compete in a round after the respective rounds begin.
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 sibyls.
Trading Rules
All trades must be executed on the designated testnet trading platform during the event period.
Participants are restricted to using the airdropped mock assets provided in the testnet environment.
No additional external funds or resources can be added to accounts.
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 when Bullet mainnet launches.
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 testnet environment may have limitations, bugs, or other technical issues, and no compensation will be provided for such occurrences.
The competition is a testnet competition using mock assets. As such, it is a simulated trading platform and any profits/losses are for demonstration purposes only.
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.
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