Bulls and Bears Competition: 40,000 ALGO in prizes!

Folks Finance
2 min readOct 16, 2023

Folks Finance is thrilled to announce the first ever Bulls and Bears Competition to celebrate the Ultraswap product launch! Prepare to find out who the best (and worst) investors in the Folks Community are…

Disclaimer: Ultraswap and Bulls and Bears competition are not available to IP addresses within the United States.

Overview:

Between Monday, October 16th and the stroke of midnight on December 1st (CET), you’ll have the chance to win some of 40,000 ALGO by simply using Ultraswap! Folks Finance will reward 6 wallets for their outstanding returns, and 2 wallets who could have done with a bit more luck.

Click here for a Google Form to register and join Bulls and Bears. Enter your Algorand wallet address and X (Twitter) handle. Like, Retweet, and tag 2 friends in the announcement post to be eligible.

1: Biggest Profit, Total (3 Winners)

This category rewards the three individuals who had the largest total returns over the course of the competition, calculated in USD at time of competition end.

1st Place: Ⱥ 10,000

2nd Place: Ⱥ 5,000

3rd Place: Ⱥ 2,500

2: Biggest Profit, Single Ultraswap (3 Winners)

This category rewards the three individuals who had the biggest return in a single Ultraswap during the competition, calculated in USD at time of competition end.

1st Prize: Ⱥ 10,000

2nd Prize: Ⱥ 5,000

3rd Prize: Ⱥ 2,500

3: Biggest Loser, Total (1 Winner)

This category rewards the individual who lost the most capital over the course of the competition, calculated in USD at time of competition end.

1st Prize: Ⱥ 2,500

4: Biggest Loser, Single Ultraswap (1 Winner)

This category rewards the individual who lost the most capital in a single Ultraswap, calculated in USD at time of competition end.

1st Prize: Ⱥ 2,500

The list of wallets who win the competition will be published after the competition closes, and prizes will be airdropped to the winners.

Before getting started, keep in mind the following:

  • If you detach your Ultraswap position and manage it like a new loan, your position will not be considered for the trading competition;
  • Make sure you’ve closed your position before December 1st: a position that is still open and has profit will not be counted.

Tell your friends about Bulls and Bears to give them a chance to enter, and share your results and experience with other community members in the Folks Finance Discord or Telegram!

Disclaimer: Ultraswap and Bulls and Bears competition are not available to IP addresses within the United States.

About Folks Finance:
Folks Finance is a leading DeFi platform providing innovative tools for lending, borrowing, trading and managing digital assets, all in one place. Folks Finance streamlines the DeFi experience with a UI and UX competitive to centralized exchanges, all while running on permissionless smart contract technology.

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Folks Finance

DeFi at its finest: lend, borrow, trade, and manage digital assets all in one place.