How to Create Trading Competition
Last updated
Last updated
The "CREATE EVENT" button: This button allows authorized users to create and schedule a new trading competition event on Lovely Swap.
"CREATE NEW EVENT" button: This button serves the same purpose as the previous one, enabling users to create and set up a new trading competition.
The Overview page acts as an entry point for users to browse and access various trading competitions hosted on the Lovely Swap platform. When competitions are active or scheduled, they will be listed here, allowing users to filter and view the relevant details. Everything is simple: you can either create a new event, by simply pressing the button and getting the 'CREATE' Pop-up:
The first step is to choose the DEX you want to trade on during the competition. Lovely Swap supports trading on various decentralized exchanges (DEXs) like LovelySwap, and PancakeSwap. This is done for the flexibility of project owners (they do not need to move liquidity from one DEX to another DEX or add liquidity on one DEX if they have it on another one). So, they can select dex from which dex they want to use the liquidity for trading for the users. Select the DEX you're most comfortable with or want to explore.
Lovely Swap will offer the option to select the token you want to receive as a reward. This could be the platform's native token, a popular stablecoin, or any other supported token. Choose the reward token that aligns with your goals and portfolio preferences. Then, fill in the Distribution Rules, and you will be able to see the Total Reward Sum as well.
Depending on the competition rules, you may have the ability to choose the token pairs you want to trade during the event. Consider factors like liquidity, volatility, and your trading strategy when selecting the pairs.
Step 4: FINALIZE the Competition Settings.
Step 5: CONFIRM your selection!
Now, you can see your Competition with the Upcoming status:
When it becomes Active - it will be shown on the Overview Page:
