ENTRY, WALLET VERIFICATION, AND CHALLENGE ACCESS

Getting into the firm takes four steps and roughly five minutes: connect a wallet, pick a path (free demo or paid pack), trade against the published rules, clear identity review the first time you pull a real-money payout. Nothing in this flow asks for an email, a password, or a document you didn't choose to provide.

#Wallet connect and account

Sign-up runs at app.dexter.market/dex/airdrop. A wallet signature is the entire login — MetaMask, WalletConnect, Coinbase Wallet, and Reown (formerly Web3Modal) are all supported. The same address that signs in anchors your trade history, challenge progress, referral code, and payout destination.

First connect signs a non-transactional EIP-712 message so the relay can mint an account row keyed to the wallet. No funds move, no token allowance is approved, and KYC is not requested. From that point the address can hold a demo balance, a paid pack, accumulate XP, and show on the leaderboard without uploading a single document.

#Free 14-day demo

Every connected wallet can start a free demo seat: $25,000 of simulated equity, the same live order book, the same mark prices, and a 14-day clock. The pass criteria — +10% profit, -4% daily drawdown, -8% total — are identical to a paid pack. The point is to let a trader feel the limits with zero financial exposure before staking pack money.

Demo runs against the production matching engine and oracle feed. Slippage, funding, and fee deductions are simulated at parity, so the equity curve you produce in demo is the curve you would have produced live.
Quest XP and badges earned during demo are real and carry forward. A wallet that hits First Blood in demo keeps the +150 XP when it converts to a paid pack — the leaderboard does not reset.
Demo PnL is not payout-eligible and demo seats cannot accumulate referral cash. Those rails require a paid pack on the upstream wallet. Demo is the sandbox; the cashier opens at the paid tier.
If the 14-day clock expires without a target hit, the seat closes. Each wallet gets one demo reset per season; after that, the path forward is a paid pack.

#Paid challenge packs

Paid packs sell in four tiers and can be paid in USDC on Base or in BTC/ETH at the live oracle quote. Pack price is the one-time cashier cost; the funded allocation is the equity a trader actually moves once the challenge is passed. The pricing ladder is fixed and visible at the Challenge page:

Starter — $49 → $5,000 funded allocation.
Growth — $99 → $10,000 funded allocation.
Swing — $199 → $25,000 funded allocation.
Elite — $299 → $50,000 funded allocation.

Each pack purchase settles in a single Base transaction. The relay records the payment ID, pack tier, wallet, and timestamp; the transaction hash is the public proof of entry — anyone can verify it on Basescan. Exactly one active attempt per wallet at a time. If a wallet breaches a rule, the attempt closes and a re-buy at the same or a different tier starts a fresh 30-day evaluation window with a clean drawdown clock.

#KYC and first payout

KYC sits at the cashier, not the door. A wallet can trade, win, lose, climb the leaderboard, and accumulate referral cash with no identity check. Verification only fires the first time a wallet requests a real-money payout — challenge profit-share, leaderboard cash, or aggregated referral cash — once the cumulative payout exceeds the $50 threshold.

The flow is Sumsub-class: government ID, selfie liveness, and proof-of-address only for high-volume payouts. Median completion runs under five minutes on the first attempt; payouts settle within a 24-hour target once review clears.
Sanctions screening runs against OFAC, EU, and UK lists. Connections originating from blocked jurisdictions — currently Iran, North Korea, Syria, and Cuba — are rejected at the cashier; trading is not pre-screened, but no withdrawal will clear.
One pass clears a wallet for every subsequent payout in the same season, including referral cash and leaderboard cash. Re-verification only triggers if a payout instruction targets a new destination address.
KYC runs through a third-party provider. Dexter stores only the pass/fail status, the provider's verification ID, and the geographic risk tag — no ID images, no biometric data.

#Drawdown rules and what comes next

Once the pack activates, three numbers govern the 30-day evaluation window and nothing else: +10% profit target on the funded equity, -4% daily drawdown measured close-to-close as a hard floor, and -8% total drawdown from the running high-water mark. Touch either drawdown line and the attempt closes — no warnings, no soft resets, no negotiated extensions. The intent is the same as a real prop desk: discipline first, return second.

Pass cleanly and the funded account opens with the 90 / 10 split in your favor for the life of the account. From there, the Scoring page covers how Season Rank and Points Rank carve up the leaderboard pool, and the Referrals page covers how the cash flows when your link drives another paid pack.

Back to top