Ronin has officially launched its first NFT Trading Contest, offering participants the opportunity to compete for rewards exceeding $100,000. The competition, which began on February 10 at 8 AM EST and runs until March 10 at 8 AM EST, is open to all users with a Ronin Wallet.
No prior registration is necessary, making the contest widely accessible. As Ronin prepares to transition into a permissionless network on February 12, the event serves as a strategic initiative to drive activity and attract a broader range of traders, DeFi projects, and blockchain applications.
Over $100,000 in Rewards to Boost NFT Trading
The competition aims to incentivize NFT trading by distributing a prize pool totaling over $100,000. Rewards are divided between a leaderboard competition and a raffle system. The top 500 traders will share $50,000 in $RON tokens, while an additional $50,000 worth of NFTs will be distributed randomly. The top 10 traders will receive exclusive partner rewards, including $KDR (Kaidro) and $WF (Wild Forest) tokens.
To earn points in the contest, traders generate volume on Ronin Market and can boost their scores through various mechanics. Buying NFTs grants a 1.1x multiplier, while selling provides a 0.9x boost. A significant incentive is the Collection Offer feature, which allows buyers to place offers for any NFT within a collection, resulting in a 1.5x boost for trades executed through this method. Specific NFT collections—such as Pixels Pets, Primal HeroZ, WF Lords, Mokis, and Kaidro Pilots—qualify for an additional 1.25x multiplier when traded.
New Features and Fair Play Enforcement
Alongside the competition, Ronin Market has introduced Collection Offers, a new feature that enhances the buying process by enabling traders to place an offer that applies to all NFTs within a selected collection. Sellers can accept these offers without negotiating individual transactions, creating a more streamlined and efficient marketplace.
To ensure fairness, the contest strictly prohibits wash trading and other artificial volume-boosting tactics. Organizers have implemented robust monitoring mechanisms to detect and disqualify participants engaging in manipulative behavior. The goal is to maintain a competitive and transparent trading environment where both experienced traders and newcomers have a fair shot at earning rewards.
