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1. Entry

• Create a new Solana address. It must not have traded before; receiving, sending or swapping SOL and USDC first is fine.
• Fund it with SOL for gas and deposit any amount of USDC.
• Register the address on the site. No wallet connect or signature is required.
• Late join is allowed — you can still participate after the competition has started.

2. What counts

A counted trade is a successful market swap, signed by the competing wallet, between USDC, KNOTS and STONK. It must use Jupiter Aggregator v6, JupiterZ, OKX DEX router or DFlow. The router must carry the traded tokens, not merely appear beside another trade.

A route may pass through another token internally. What matters is the wallet's net start and end tokens. Gasless swaps can count when the wallet signed the transaction.

3. What does not count

• Direct-pool trades, or trades through another app or bot that does not use a listed router.
• Limit orders and recurring/DCA orders.
• Any endpoint swap involving SOL or another token. SOL is for network fees only.
• Trades worth less than $0.10, failed transactions and transfers.
• Transactions with an extra token movement or activity the wallet did not sign.

Non-counted activity can still appear in your wallet history. It is labelled with a plain-language reason so you can understand why it did not affect the board. USDC sent to or from the wallet is listed as Transfer in or Transfer out, for transparency only.

4. Outside tokens and conversions

KNOTS and STONK sent to the wallet, rather than bought in counted trades, are outside inventory. Selling outside inventory for USDC is a conversion: it gives you spendable USDC but adds no Volume, PNL or Profit %. If a sale contains both competition and outside tokens, the competition portion is used first.

Sending USDC or outside tokens out is allowed. Sending out tokens bought in counted trades does not disqualify the wallet, but those competition tokens are valued at zero from then on. Selling them through a non-counted route has the same effect.

5. Scoring and eligibility

• Volume: the dollar value of the competition portion of each counted swap.
• PNL: USDC received from competition sales − USDC spent on competition buys + the end value of competition inventory still held.
• Profit %: PNL ÷ capital used.
• Worst PNL: the same PNL, ranked from the largest loss. Only wallets with a negative PNL are ranked.
• Capital used: the highest running amount of USDC spent minus USDC received in counted competition trades, with a 10 USDC floor.

Idle USDC does not change your score. Depositing, receiving or withdrawing idle USDC does not change Profit %. At final review, at least 50% of a prize-eligible wallet's counted volume must have KNOTS on one side. Positive profit is required for the Profit % and PNL boards; a loss is required for Worst PNL.

6. Prize pools

The prize budget is 50,000 STONK. A wallet may win in more than one pool.

The live boards are rankings, not an allocation preview. Payout curves for the Profit %, PNL and Worst PNL pools remain configurable until they are announced; no curve is implied by a rank. Any prize is paid to the competing wallet only.

7. End valuation, review and reports

You do not need to sell before the end. Competition inventory is valued from a published end snapshot: prices sampled every five minutes in the final hour from Jupiter and GeckoTerminal, then summarized with a median. The team may review unusual prices or activity before prizes are finalized. You have 48 hours after provisional results to report a missed trade or incorrect price.

Need a quicker explanation? Read the FAQ.