In this post:
- Mosaic Alpha announced the start of its three-month Basket Manager Combine competition for the crypto community to win a share of over $30,000 in rewards.
- The competition, which will run from April 1st to June 30th, allows participants to create and manage their own token baskets using Mosaic Alpha’s platform.
- The prizes are $15K worth of KDX tokens for first place, $10K worth of KDX tokens for second place, and $5K worth of KDX tokens for third place.
Mosaic Alpha today commenced its three-month Basket Manager Combine competition, which will run until June 30, 2025. The BMC competition will allow crypto influencers, asset managers, and experienced investors to create and manage token baskets to win a share of over $30,000 in rewards.
According to Mosaic Alpha, a token basket will represent a decentralized financial product that combines multiple crypto assets into a single tradable portfolio. Each basket will reflect the participant’s investment strategy, which the creators will be able to follow, share, and track in real time.
The Mosaic Alpha team said that anyone can invest in a token basket, effectively subscribing to an asset manager’s strategy. Both the manager and the investors of the best-performing baskets will benefit through gains, although underperformance will likely lead to losses as well.
Top-performing token basket managers on the leaderboard will receive prizes paid in the official utility token of the platform (Kodexa token-KDX). The prizes are $15,000 worth of KDX tokens for 1st place, $10,000 worth of KDX tokens for 2nd place, and $5,000 worth of KDX tokens for 3rd place.
Mosaic Alpha unveils Basket Manager Combine competition
Mosaic Alpha revealed that its Basket Manager Combine competition was starting today, and it will run for three months, after which winners will share in the $30K+ prize pool.
Basket managers will earn performance-based fees from investor participation, creating a shared incentive model that aligns their success with that of their followers. The platform’s team clarified that only carefully selected whitelisted assets will be allowed in token baskets to maintain quality and reliability, meaning no unverified tokens will be featured on Mosaic Alpha. Unlike conventional asset management, token baskets will be non-custodial, transparent, and entirely blockchain-based.
“We’re looking forward to seeing how our diverse community of traders, influencers, and investors will leverage the platform’s token basket capabilities to build winning strategies,”
- Attila Vidákovics, CEO at Mosaic Alpha
Vidákovics also said that the Basket Manager Combine competition was a perfect opportunity to test those strategies in a competitive environment. Substantial rewards are up for grabs, and users will ultimately gain experience with more diversified and tailored portfolios.
Mosaic Alpha outlines participation requirements
According to the Mosaic Alpha team, users will need to set up a digital crypto wallet using Metamask, Trustwallet, or any other crypto wallet that supports the Walletconnect function. They will then need to fund their newly created wallets by depositing USDT, BNB, or other supported crypto assets on the Binance Smart Chain network.
The Mosaic Alpha team also mentioned that users will be required to build token baskets by choosing their preferred crypto assets, crafting a strategy, and setting the initial composition of their token basket. Users will also need to keep their baskets compliant with the competition’s rules. Each token basket created will be treated as a separate entry in the competition, and basket managers will be allowed to submit multiple baskets. However, each basket manager will win only one prize, even if several of their baskets emerge among the top performers.
The official Mosaic Alpha statement highlighted that users will also need to optimize their baskets by continuously managing and adjusting their baskets according to shifts in market conditions. Participants will share their baskets with their community to increase engagement.
The Mosaic Alpha team said that participants will be required to verify their profiles by uploading their trading history, bio, and other credentials. Verified profiles will be marked on the platform, giving potential investors greater confidence when choosing where to invest. As per the Mosaic Alpha team, increased trust will lead to higher investment inflows, ultimately boosting the basket manager’s earnings through fees.
All rights and obligations related to the competition will be subject to the jurisdiction under which the Mosaic Alpha platform operates.
