xStocks Competition: Buy and Hold xStocks for a Share of 50,000 USDC

The xStocks competition is a 5-week leaderboard competition running inside Solflare from Monday 14 September to Friday 16 October. Buy xStocks through Solflare, keep them, and climb a public ranking. The top 100 wallets share a 50,000 USDC prize pool. 

Available on mobile, web, and extension.

How the competition works

The xStocks competition rewards buying and holding xStocks through Solflare. Your score is based on the value of your position over time, so both how much you buy and how long you hold it count. There’s no reward for trading volume or churn, and no luck involved.

The competition runs for five weeks, from NYSE open on Monday 14 September to NYSE close on Friday 16 October. Everyone starts from zero on joining, and only xStocks purchased through Solflare after you join count toward your score. Prior holdings and purchases made outside Solflare don’t count, and buying elsewhere doesn’t help your score either.

Ranking

Your rank is based on a projected score: a live estimate of where you would finish if you kept your current xStocks position until the end of the competition. Your score updates continuously in the background, but the public leaderboard refreshes once an hour, so give it a little time to catch up after you buy.

Your score reflects the current value of what you hold, tracked over time:

• Buying earlier gives your position more time to accumulate score
• Holding longer counts more than a late purchase of the same size
• Price movement affects your score too, since it tracks the value of your holdings, so price changes move your score up or down

Selling your xStocks or moving them off Solflare entirely lowers your score. However, moving them into supported DeFi protocols such as Jupiter Lend, Kamino, Meteora, Raydium, Orca, or Piggybank does not. Those positions still count.

The public leaderboard shows the top 100 ranks. If you’re outside the top 100, you can still check your own current rank and score in the app.

The rewards

First place wins 10,000 USDC. The remaining prize pool is split across the rest of the top 100 ranks. Here’s the full breakdown:

Scores are finalised at competition close and go into review for up to 14 days. After review, winners claim their reward by signing a transaction inside a claim window. Any reward left unclaimed once that window closes is distributed automatically.

Which xStocks count

Only xStocks marked as eligible for the competition in the app count toward your score. Eligible assets currently include many of the most traded names on Solflare, such as:

• TSLAx (Tesla, tokenised equity, Backed (JE))
• NVDAx (Nvidia, tokenised equity, Backed (JE))
• GOOGLx (Google, tokenised equity, Backed (JE))
• AMZNx (Amazon, tokenised equity, Backed (JE))
• MSFTx (Microsoft, tokenised equity, Backed (JE))
• SPYx (S&P 500, tokenised ETF, Backed (JE))
• QQQx (Nasdaq 100, tokenised ETF, Backed (JE))
• MSTRx (MicroStrategy, tokenised equity, Backed (JE))
• CRCLx (Circle, tokenised equity, Backed (JE))
• SPCXx (SpaceX, tokenised equity, Backed (JE))

The full list of eligible assets is available in Market, under Stocks. There’s 750+ xStocks on Solflare in total. There is no Solflare fee on xStocks trades during the competition. Network and route fees still apply. 

For a full walkthrough on buying xStocks in Solflare, see the xStocks App Guide.

How to join

1. Open Solflare on mobile, web, or extension
2. Find the xStocks competition banner on the Market page or on eligible token pages
3. Join the competition. Your score starts from zero at the moment you join
4. Buy xStocks through Solflare and hold them
5. Check your projected score and rank in the app

The competition opens Monday 14 September. You can join at any point during the 5 weeks, but buying earlier and holding longer ranks higher, so joining sooner gives you more time to build your score.

Eligibility

Stock up is available to Solflare users everywhere except the United States, Canada, United Kingdom, Australia, Nigeria, and sanctioned jurisdictions.

A serious breach of the competition terms, or a clear attempt to exploit the scoring mechanic, can result in a wallet being removed from the leaderboard.

^{xStocks are tokenised securities issued by Backed Assets (JE) Limited under a Base Prospectus approved by the FMA Liechtenstein (approval is not an endorsement). They are not the underlying shares, give no voting or dividend rights, are highly speculative, and you may lose all the capital you invest. Available for purchase only in eligible jurisdictions (not in the US, Canada, UK, Australia, Nigeria or sanctioned jurisdictions, among others). Read the prospectus and full terms before trading: www.solflare.com/product-disclosures/}