Spend 5k USD in SCRT to incentivize SCRT-USD perps trading on Demex
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Proposal #283 description
This proposal aims to bootstrap the first on-chain SCRT-PERP on Demex (dem.exchange), an all-in-one perp DEX in the Cosmos ecosystem. The proposal, put forth by the Switcheo Labs (switcheo.com) team, suggests co-hosting a trading competition with the Secret Network community to encourage traders to trade SCRT perpetual contracts, and provide liquidity to the SCRT perp pool. This is an on-chain community spend proposal.
Goal: The main goal is to promote the awareness of SCRT-PERP to traders and liquidity providers, which will help to grow the SCRT community, we will propose a competition to reward traders and liquidity providers participating in SCRT-PERP.
Distribution: This proposal, if accepted, will spend $5,000 worth of SCRT tokens from the community pool, to the dev team address at
This sum will be used only for the purpose of payment of prizes to the winners of the competition. Winners will receive $USD (grouped stablecoin) on Demex within 60 days of the competition concluding. Any extra unused prize funds will be transferred back to the community pool fund.
Total SCRT =