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HOW IT WORKS 😂

The Consolation Prize Competition for Bad Traders

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ELIGIBILITY

To participate in the $BADTRADERS competition, you must hold:

  • 1,000,000 $BADTRADERS tokens if you're using Farcaster (lower threshold!)
  • 2,000,000 $BADTRADERS tokens if you're accessing via the website

💡 Tip: Join Farcaster to lower the requirement to 1,000,000 tokens and get free swaps in November!

This isn't about being rich—it's about being committed to your terrible trading decisions. 😭

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THE COMPETITION

STEP 1: SIGN UP

Once you're eligible (holding 1,000,000+ tokens for Farcaster users, or 2,000,000+ for website users), sign up in the app. This connects your wallet and Farcaster account so we can track your trading performance.

STEP 2: WE TRACK YOUR TRADES

We monitor all eligible participants and track who's the worst trader. That's right—we're rewarding the person who loses the most money. Finally, your terrible trading skills might pay off! 😂

STEP 3: WIN THE CONSOLATION PRIZE

The worst trader of the day gets a percentage of that day's trading feesfrom the $BADTRADERS token. Think of it as a consolation prize for being so bad at trading that you somehow lost money when everyone else was making it.

It's like a participation trophy, but for traders who participated in losing money. 😭

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THE PRIZE

The daily winner receives a percentage of all trading feescollected from $BADTRADERS token transactions that day.

The more people trade, the bigger your consolation prize gets—assuming you're terrible enough to win. It's the only competition where being bad at something is actually a good thing. 😂

Daily winner = Worst trader = Most consolation prize money

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HOW TO PARTICIPATE

  1. Hold 1,000,000+ $BADTRADERS tokens (Farcaster users) or 2,000,000+ tokens (website users) in your wallet
  2. Sign up in the app to connect your wallet and Farcaster account
  3. Trade badly (or just trade normally—if you're here, you're probably already bad at it 😭)
  4. Check the leaderboard to see if you're losing worse than everyone else
  5. Win the consolation prize if you're the worst trader of the day
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NFT MINTING SYSTEM

BURN TO EARN NFTS (V1 & V2)

Prove your commitment to bad trading by burning $BADTRADERS tokens to mint exclusive NFTs.

  • V1 NFTs: Burn 10M tokens to mint. Limited to 100 NFTs total.
  • V2 NFTs: Burn 25M tokens to mint. Limited to 900 NFTs total.
  • Each NFT is numbered and includes your mint number in its metadata, making each one unique.
  • These NFTs use ERC-7401 composability, meaning they can be attached to parent NFTs.

BADTRADERS BAG (PARENT NFT)

The BadTradersBag is a special parent NFT that can hold your V1 and V2 NFTs as children.

  • Free to mint if you hold 5M $BADTRADERS tokens.
  • Unlimited supply - no cap on how many can be minted.
  • Auto-revocation: If your token balance drops below 5M, keepers will automatically revoke (burn) your Bag NFT.
  • Attach your V1 and V2 NFTs to your Bag to create a collection. The Bag's metadata updates to show which children are attached.
  • The Bag NFT uses ERC-7401 for cross-contract parent-child relationships.

HOW IT WORKS

  1. For V1/V2: Approve the NFT contract to spend your tokens, then mint. The tokens are permanently burned.
  2. For Bag: If you hold 5M+ tokens, mint for free. No tokens are burned.
  3. Attach Children: Use the attachChild function to link your V1/V2 NFTs to your Bag NFT.
  4. Maintain Balance: Keep 5M+ tokens to keep your Bag NFT. If you drop below, it will be auto-revoked.

READY TO LOSE MONEY WITH US? 😭

Check your eligibility and sign up in the app to start competing for the consolation prize!