Mosaic Alpha, a decentralized crypto investment platform, has launched the Basket Manager Combine competition aimed at crypto influencers, managers, and investors, as reported to Finbold on Tuesday, April 1.
As its name suggests, the event invites participants to create and manage token baskets and potentially win a share of more than $30,000 in rewards.
The Basket Manager Combine competition will run from April 1 to June 30, 2025.
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DeFi token baskets
In decentralized finance (DeFi), a token basket is a portfolio that combines multiple cryptocurrencies into one tradable asset.
Each investor’s basket can be tracked, shared, and followed by other investors in real-time.
Investing in a token basket, means investors can, in a way, subscribe to an asset manager’s trading strategy, potentially profiting or suffering losses, depending on the basket’s performance.
In addition, basket managers receive performance-based cuts, which incentivizes them to come up with more effective strategies and creates a shared-incentive environment for managers and subscribers.
To maximize quality and security, only whitelisted assets can be added to the baskets, which are non-custodial, transparent, and fully on-chain.
Top performers will be rewarded with prizes in KDX, the platform’s utility token ($15,000 worth of KDX for first place, $10,000 for second place, and $5,000 for third place).
How to participate in the Basket Manager Combine competition?
To take part, users can create a digital wallet through platforms like Metamask or Trust Wallet, fund it with supported cryptocurrencies such as Tether (USDT) or BNB (BNB) on the Binance Smart Chain network, and select assets for their baskets.
Naturally, users must also make sure that their baskets comply with competition rules.
To further boost their credibility and potentially attract more subscribers, participants can verify their profiles by uploading trading history, bios, and other credentials.
Sharing baskets with their communities can also help boost engagement and participation.
