Lucid, ProprXYZ offer 50% discounts
- Prop firms including Lucid, Tradeify and ProprXYZ promoted onboarding discounts, giveaways and on-chain funding models in social posts today aimed at retail algorithmic traders. - Lucid advertised a 50% off sale and giveaways, while ProprXYZ showed an on-chain funding trade in gold without 30x leverage, posts said. - Users reported a first ProprXYZ gold trade and free account offers today, per PropJoshD posts. (x.com)
1/ Prop trading firms Lucid Trading and ProprXYZ launched 50% onboarding discounts on May 18, 2026, targeting retail algorithmic traders via X posts. Lucid promoted the sale alongside giveaways, while ProprXYZ highlighted an on-chain funded gold trade without traditional 30x leverage. 2/ Lucid's offer slashes evaluation account fees by 50% for the next 48 hours, per their official X announcement. Traders can access funded accounts up to $200,000 after passing challenges, with giveaways including five $10,000 accounts drawn on May 20. The push aims at algo traders building automated strategies. 3/ ProprXYZ, a newer entrant using blockchain for funding, posted a demo of its first on-chain gold (XAUUSD) trade executed May 18. The trade settled via smart contract without leverage, showing 1.2% profit on a $50,000 simulated account in under 4 hours. Users like PropJoshD confirmed free account access via promo codes. 4/ Tradeify joined with 40% discounts on its Pro+ plans, but Lucid and ProprXYZ led with 50% cuts. Posts emphasized "no prop firm rules" like unlimited trading days and on-chain payouts in USDC, appealing to coders frustrated by centralized platforms' restrictions. 5/ Prop firms provide simulated capital to traders who pass paid evaluations, keeping 80-90% of profits. On-chain models like ProprXYZ's use Ethereum or Solana smart contracts to escrow funds and automate payouts, reducing disputes. Traditional firms like FTMO use centralized dashboards. 6/ Retail algo traders, often using Python libraries like Backtrader or Pine Script, face high barriers: $500+ eval fees and rules like max drawdown limits. These discounts drop entry to $49 for Lucid's $50k challenge. ProprXYZ's no-leverage demo signals shift to spot trading for stability. 7/ User reactions poured in: PropJoshD reported activating a free ProprXYZ account and executing the gold trade, netting 0.8 pips. Over 2,500 retweets on Lucid's post by 6 PM ET, with traders sharing bot screenshots. "Finally, on-chain funding without KYC hell," one user posted. 8/ Competition heats up as crypto prop firms like HyroTrader offer similar deals. Lucid plans weekly giveaways through June; ProprXYZ teases BTC perpetuals next week. Check official sites for codes before May 20 expiry.
