Rules · FirstTX

Entering

Hold the coin

Your holder wallet needs at least $25 of the FirstTX coin at the snapshot, which is taken the moment registration opens. One entry per holder wallet, per round. You can sell it afterwards and stay in the race.

Bring a clean wallet

Your competition wallet must have no on-chain history: no transactions, no balance. You paste its address in — there is nothing to connect and nothing to sign, so the new wallet stays untouched. Only the holder wallet signs, to prove the coin is yours.

Fund it once

Once the round starts, send up to $1,000 during the deposit window in its first hour. That deposit is your starting balance, and everything is measured against it.

Trade

Trade however you like for the rest of the 24 hours. The leaderboard picks up your trades and refreshes every 5 minutes.

The round

Registration opensThe holder snapshot is taken and entries open. Announced on X.

The round startsThe 24 hour clock begins and the deposit window opens.

First hourFund your wallet. When the window closes, the field is locked.

Next 23 hoursTrading. The leaderboard refreshes every 5 minutes.

24 hours inThe round ends and final scores are frozen.

After the roundThe top three wallets are reviewed, then the pot is paid on-chain.

Rounds are announced rather than run to a fixed clock, so follow @tryfirsttx to know when the next one opens.

While you trade

One deposit only. Money arriving after the deposit window closes means disqualification.
No withdrawals. Sending funds or tokens out of the competition wallet means disqualification. Swaps are the only moves that count.
Unwanted tokens are ignored. Anyone can send junk to any wallet, so airdrops and spam tokens are left out of your score.
Trade whatever you want. No restrictions on which coins you trade or how often.

Scoring

PnL is your wallet's value minus your starting deposit, in US dollars. Rankings are by dollars made, not percentage, so the deposit cap keeps everyone on the same footing.

Coins you are still holding are valued at what they would actually sell for, not at the chart price. A bag nobody will buy is worth close to nothing, however good the chart looks.

When the clock hits zero, only cash counts. Close your positions before the round ends, or whatever is left counts as zero.

The pot

The pot is a share of the coin's trading fees and grows while the round runs. It is split between the top three wallets in proportion to their profit, so the biggest winner takes the biggest piece.

For example, profits of $5,000, $3,000 and $2,000 split the pot 50%, 30% and 20%.

Only wallets in profit are paid. If two of the top three end the round down, the one in profit takes the whole pot. If nobody finishes in profit, the pot rolls into the next round.

Payouts are sent on-chain and every payout transaction is posted publicly.

Fair play

The top three wallets are checked by hand before any pot is paid. We look at the opening deposit, where the money came from and the trades behind the score.

Anything that turns a deposit or a transfer into fake profit is disqualified: extra funding, moving value in through trades with your own wallets, or wash trading a token you control. A disqualified wallet is removed from the round and the next wallet moves up.

Entering many wallets from one holder bag is likewise grounds for removal. Decisions are made by us and the review happens before payouts are sent.