Aster launches the "Hot Picks of the Week" contract trading competition with a total prize pool of $50,000.

PANews reported on January 21 that Aster announced on its X platform that it will be holding a "Hot Picks of the Week" contract trading competition from 22:30 (UTC+8) on January 21 to 07:59 (UTC+8) on January 25, with a total prize pool of $50,000. The event will be held for four designated trading pairs (GWEI, OWL, RIVER, and XAG).

Participants can win rewards in two ways: First, as the "Trading Volume Champion," with a prize pool of $40,000, participants must generate a total trading volume of at least $10,000 on eligible trading pairs (both directions are calculated), with rewards distributed according to the proportion of individual transaction fees contributed. Second, as the "Position Growth Champion," with a prize pool of $10,000, participants must hold positions for at least one hour, with points determined by the product of position size and time, and rewards distributed according to the proportion of individual points. Trading must be conducted through Aster Perpetuals or Binance Wallet (web version), and fraudulent trading and Sybil attacks are prohibited. Rewards will be distributed to the winners' Aster perpetual contract accounts in USDF within 14 business days after the event ends.