Basket Manager Combine Terms
1. Purpose of the Competition
The Mosaic Alpha platform is launching the Token Basket Manager Competition to encourage the participation of new basket managers and increase platform activity. The competition will assess participants based on the performance of the token baskets they create.
2. Competition Period
The competition starts on April 1, 2025, and ends at 05:00 PM (Central Time Zone) on June 30, 2025. Any token baskets created during this period are automatically entered into the competition, with no need for separate registration.
3. Eligibility
All registered basket managers on the Mosaic Alpha platform who create a new token basket during the competition period are eligible to participate.
Each token basket created will be treated as a separate entry in the competition, and basket managers may submit multiple baskets. However, each basket manager can win only one prize, even if multiple of their baskets place among the top performers.
To remain eligible and participate in the Basket Manager Combine, basket managers must comply with the following rules:
- Upon creation of the token basket, Kodexa (KDX) tokens must be included with a minimum weight of 5%, based on value.
- During the entire competition period, the Kodexa (KDX) token weight in the basket must remain above 3%.
- After the initial creation of the token basket, the initial basket liquidity must be maintained for the full duration of the competition. Basket managers are allowed to adjust the composition of their basket (i.e., rebalance tokens), but they are not allowed to withdraw any of the initial liquidity (do not sell LP tokens).
Any breach of these conditions will result in disqualification of the token basket from the competition.
4. Evaluation and Prizes
After the competition ends on June 30, 2025, the token baskets’ performance will be evaluated based on the returns generated during the competition period.
The top three baskets with the highest returns will be ranked as follows:
- 1st place: $15,000 worth of Kodexa tokens
- 2nd place: $10,000 worth of Kodexa tokens
- 3rd place: $5,000 worth of Kodexa tokens
In the case where a basket manager has more than one basket in the top 3, the manager will only receive the highest prize, and the other prize(s) will be awarded to the next highest-ranked baskets managed by different individuals.
5. Prize Distribution
The prizes will be distributed in Kodexa tokens, based on the value at 5:00 PM (Central Time Zone) on June 30, 2025.
Kodexa tokens will be manually distributed in July 2025, with a three-month vesting period.
Each basket manager is eligible for only one prize, regardless of the number of top-ranking baskets they manage.
6. Additional Conditions
The organizer reserves the right to modify the competition rules at any time, and participants will be notified through the platform.
Participation in the competition does not grant participants any rights beyond those explicitly mentioned in these rules or any rights to additional claims regarding Kodexa tokens.
Any disputes arising from the competition will be governed by Mosaic Alpha’s general Terms and Conditions.
By creating a Token Basket on the Mosaic Alpha Platform during the competition period, you accept the terms and conditions of the Basket Managers Combine.
7. Jurisdiction
All rights and obligations related to the competition are subject to the jurisdiction under which the Mosaic Alpha platform operates.