Flamingo is hosting an upcoming Testnet Trading Competition, designed to facilitate testing of its new block-based, on-chain OrderBook+ on Neo N3. The competition runs from Jan. 13 at 2:00 p.m. (UTC) to Jan. 27 at 2:00 p.m. (UTC), offering participants the chance to win a share of a 200 GAS reward pool, valued at over US $1,000 at the time of writing.
Competition Overview
The event is aimed at stress-testing the OrderBook+ protocol by encouraging increased trading volumes and identifying potential bugs before its MainNet launch. The goal for participants is to accumulate the most competition TestNet USDT by the end of the event, which will determine their share of the GAS prize pool.
OrderBook+ combines AMM functionality with limit orders, creating a decentralized trading protocol with CEX-like capabilities, including tighter spreads and market and limit orders—all while remaining fully on-chain. After the MainNet launch, all Flamingo swaps will route through the OrderBook+, consolidating liquidity and optimizing GAS costs.
How to Participate
Participants must obtain a pre-filled competition wallet, available via Flamingo’s Discord server. There will be 100 pre-generated wallets, each containing 50 GAS and 10,000 USDT TestNet funds. Early access wallets are being distributed to long-term Flamingo community members, with remaining wallets available to the public starting Jan. 13 at 2:00 p.m. (UTC).
Participants will compete using these wallets, trading with testnet tokens such as WBTC, USDT, FLM, WETH, BNB, XRP, DOGE, SHIB, and PEPE. A price bot will maintain parity with prices on centralized exchanges.
Key rules include:
- Participants must request a wallet in Flamingo’s Discord #testnet-funds channel.
- All trades must be conducted with the competition wallet’s TestNet funds.
- Bugs should be reported via tickets in Flamingo’s Discord server.
- Wallet balances must be withdrawn from the orderbook contract at the end of the competition.
- Users who receive a wallet but fail to make trades will not be eligible for rewards.
Bounties and rewards
Participants can report bugs during the competition, with bounties awarded based on severity:
- Critical contract bugs (e.g., loss of user funds): 10,000 bonus USDT
- Medium contract bugs (e.g., features not working): 2,000 bonus USDT
- Frontend bugs: 10–500 bonus USDT based on impact.
Duplicate bug reports will not qualify for bounties. Participants will also receive a multiplier on their final USDT balance based on their trade volume, with the highest-volume trader receiving a 2x multiplier, scaling down for others.
At the competition’s end, GAS rewards will be distributed proportionally based on each participant’s share of the total competition TestNet USDT supply. For example, a user holding 50% of the total USDT would receive 100 GAS, while a user holding 1% would receive 2 GAS.
The RC6 TestNet version of OrderBook+ introduces new pools and tokens, ensuring a fresh environment for testing. The Flamingo team will use feedback from the competition to refine the system ahead of its MainNet debut.
The full announcement can be found at the below link:
https://medium.com/flamingo-finance/win-over-1-000-in-gas-in-flamingos-orderbook-testnet-trading-competition-49a124ecea25
