Do you remember that contest on Aster? When they launched BMT/USDT trading with a prize pool of 50,000 ASTER and 2.27 million BMT? It was truly massive. I was keeping an eye on it back then—the exchange encouraged participants to compete on both the spot market and the futures at the same time.

The reward structure was interesting. For spot trading, they distributed those 2.27 million BMT depending on how much commission you generated. And for futures—ASTER tokens worth $50,000, but only if you held a position for at least 15 minutes. This helped prevent flash trading. The minimum requirement was $5 in commissions to qualify for a reward, and everyone could earn up to 3% of the prize pool.

All trading operations had a 1.2x multiplier during the contest, which accelerated the accumulation of points. The contest ran from January 29 to February 5, 2025. Initiatives like this on DEXs typically increase trading volume by 300–500% for targeted pairs. Aster aimed to develop liquidity for BMT simultaneously on two markets—an interesting approach.

What’s interesting is that BMT as an asset had strong potential. The latest data shows a price around $0.02 with a daily volume of $60.32 thousand. These contests help new tokens get established. Of course, everything depended on whether people stayed on the platform after the competition ended.