NFA Perks - SLAMM
Arken Finance Announcing the First Special Perks for NFA Holders: 14-day Free Trial on SLAMM & Limit Order V2
On July 15, 2022, Arken Finance is launching a new, innovative feature that allows our users to do risk management and set conditional trading orders strategically. The said feature is Stop-limit Order for AMM (SLAMM). A stop-limit order is a limit order that has a stop price to trigger the order execution. When the market price reaches the stop price, it triggers the limit order. This would greatly help traders in volatile markets to manage risks and take profits.
Along with launching SLAMM, we are also upgrading our Limit Order protocol for BSC network to version 2. The new version also uses the same mechanism with Stop-limit Order for AMM, which will result in increasing the chance of order execution over the previous version.
In using the Stop-limit Order for AMM (SLAMM), users will be charged a base operating fee that is capped at 0.25% max. Thus, the cost can be varied on many factors, but will never exceed 0.25% of your trading volume. For more details on the cost structure of SLAMM, click here.
We are proud to announce the first exclusive perk for our valued NFA holders.
All NFA holders will be privileged to a 14-day free trial of the Stop-limit for AMM (SLAMM) & Limit Order V2. The free trial campaign duration will last 14 days after the expected launch date of SLAMM: July 15, 2022 (exact time: to be announced). So you will be able to try SLAMM & Limit Order V2 for free from July 15 - 29, 2022.
Just for a heads up, the Arken Finance team will cut the final list of wallet addresses that are eligible for the free trial campaign on July 13, 2022 5:00 AM (UTC). Then, we will announce that list 1 day before the SLAMM public launch. Those who are eligible for the free trial will receive the platform operating fees (excluding gas fees) back in the form of cashback.
Now let us focus a little bit on the 14-day free trial mechanics and how NFA holders will get their fees back.
In operating Stop limit orders for AMM, there are 2 main costs that we charge:
1) Operating gas fees when performing swapping activities in AMM and
2) Platform operating fees
You will get the platform operating fee (excluding the operating gas fees) back in cashback.
The orders that are fulfilled successfully, which are labeled as status “Completed”, between 15 - 29 Jul 2022 at 9:00 AM (UTC) will automatically get the cashback after the free trial campaign ends. Please be noted that the operating gas fees will not be included in your cash back in any case since it’s paid upon order execution.
Note: There may be a case where the operating gas fees exceed platform operating fees. Thus the cashback for that specific order will not be returned.
Arken Finance will transfer the cashback to all wallets participating in the SLAMM & Limit Order V2 free trial automatically. The cashback period is between 1 - 5 Aug 2022 in the form of BUSD. You can check your cashback information during the campaign here:
Please be noted that the dashboard will not update in real time. The displayed data may take up to 5 minutes or later. Users may need to refresh the page for the data to update.
Here is the summary of the timeline:
- July 13, 2022 5:00 AM (UTC): Arken cuts the final list of wallet addresses that can join the SLAMM & Limit Order V2 free trial campaign
- July 14, 2022: Arken announces the wallet address on all our social media (dashboard link to be announced soon)
- July 15, 2022: SLAMM & Limit Order V2 public launch
- July 15- 29, 2022 9.00 AM (UTC): Free trial period (14 days)
- August 1-5, 2022 Cashback period
For those who are reading up to this point and haven’t owned any NFA yourself, don’t miss out on the chance! You can check out our TofuNFT official account to find your favorite NFA. But if you are not ready to buy some, you can also wait for our AirdropV2, it’s definitely coming soon!