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Ethos Trade Competition: 35M XP Before XP Is Gone Forever

Ethos
July 8, 2026

A trading competition for our new markets — with nearly 35M XP up for grabs before XP is gone forever.

Why a Competition?

With Ethos Trade in Beta, it's important — even with a fake token — to learn as much as we can. Real feedback requires actual trading, and the timing is perfect: the end of Season 2 is approaching, and XP needs a send-off worthy of it.

How It Works

Trade the beta markets - Long or short reputation on Ethos Trade's launch markets

Compete on realized PNL - Rankings track actual trading performance with $MMB, the worthless test token

Earn from the 35M XP pool - The last great XP prize before Season 2 ends and XP disappears forever

Week 1 Standings

The first weekly standings for realized PNL are already in, with @Airwaxim, @0xKharon, and @CyphrGM rounding out the top 3.

And F to pay respects to the traders who are losing massively. It's a learning experience for everyone.

What Ethos Learns

Every trade feeds the beta: how the modified LMSR liquidity behaves, what traders want from reputation markets, and what needs tweaking before markets go permissionless. The competition turns beta testing into a sport.

Join In

Ethos Trade is live in beta now. Trade the markets, climb the PNL leaderboard, and claim your share of XP's final act. What trading strategies are working for you — and what markets do you want to see next?

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