We are pleased to announce that we are holding a trading competition
for those perpetual contracts using USDT as margin.
New Trading Pairs of DOT/USDT, UNI/USDT, and SUSHI/USDT are added to the competition. In the
competition, we have set aside a total of $10,000 worth of GT rewards for top
winners. We will award the top 80 winners
by ROI, every day for a consecutive 7 days. Compete with the most
skilled traders at Gate.io for a prize trophy.
Competition Duration
Jan 15th 9:00 – Jan 22rd 9:00 UTC (7 days in total). Competition and ranking is on a daily basis.
Reward & Distribution
Daily Reward For Top Traders:
1st Prize: 400 GT
2nd Prize: 300 GT
3rd Prize: 100 GT
4th -80th Prizes: 24 GT
Fill in the form to participate:https://www.gate.io/en/questionnaire/71?ch=fut0115
Rules
1) Each day after 9:00 UTC, we will calculate the competition results of the past 24 hours.
2) No extra limit with regard to the funds that you deposit, nor the
leverage ratio you can apply. To win a prize, the minimum daily earning
should be 100 USDT at least. The Top 3 traders by ROI (earnings/total
investment) will be awarded 400 GT, 300 GT and 100 GT respectively,
4th-80th 24 GT each.
3) Each account must place at least 1 order
and 60 orders at most in a daily competition; orders that are placed and
cancelled without any portion filled are not eligible.
Important Notice:
1) We calculate the cumulative earnings of the following perpetual
contracts: BTC/USDT, ETH/USDT, FIL/USDT, BCH/USDT, LINK/USDT, BSV/USDT,
DOT/USDT, UNI/USDT, and SUSHI/USDT. Earning includes unrealized PNL, realized PNL, funding
payment and trading fees.
2) The total investment =Initial account
holdings (including unrealized PNL)+ Funds transferred in during the
competition period
3) Gate.io has the right to disqualify any
account that is cheating, by either pumping profits into one account, or
manipulating the market price, etc.
Risk warning: Perpetual
contract is traded like a spot market trade, which does not have an
expiry nor settlement date. Cryptocurrencies are high-risk, speculative
investments, susceptible to impact from market, policy, and other
factors. Please be aware of the risks involved and make investment
decisions with caution.
Gate.io reserves the final right to interpret this activity
Conduct Trading & Participate in the Competition:
BTC/USDT:
https://www.gate.io/futures_trade/USDT/BTC_USDT
ETH/USDT:
https://www.gate.io/futures_trade/USDT/ETH_USDT
FIL/USDT:
https://www.gate.io/futures_trade/USDT/FIL_USDT
BCH/USDT:
https://www.gate.io/futures_trade/USDT/BCH_USDT
LINK/USDT:
https://www.gate.io/futures_trade/USDT/LINK_USDT
BSV/USDT:
https://www.gate.io/futures_trade/USDT/BSV_USDT
DOT/USDT:
https://www.gate.io/futures_trade/USDT/DOT_USDT
UNI/USDT:
https://www.gate.io/futures_trade/USDT/UNI_USDT
SUSHI/USDT:
https://www.gate.io/futures_trade/USDT/SUSHI_USDT
About Gate.io Perpetual Contract Market
Gate.io's perpetual contract market is the most active market in the
world, with a daily volume up to 0.4 billion USDT. We have accumulated
over 1000 BTC in our insurance fund to cover losses due to liquidation.
We offer up to 100X leverage for BTC and support high leverage of 20X
or 50X for a dozen of other assets, such as ETH,EOS,LTC,BCH,BSV and
more. We use composite indices from several exchanges to mark
liquidation, thus avoiding unnecessary liquidation. The futures market
has been running stably and significantly reduced investors’ risk.
Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity.
About Margin Currency Types in Gate.io Perpetual Contract Market
Currently, there are two margin currencies, BTC and USDT, in Gate.io
perpetual contract markets. Based on the margin currency, we group
perpetual contracts into two separate groups, USDTmargined perpetual
Contracts and BTCmargined Perpetual respectively. To trade any BTC
margined perpetual contract, you have to transfer in BTC to your BTC
Perpetual Contracts Account as margin, where PNL is also settled in BTC.
To trade any USDT margined perpetual contracts, you have to transfer in
funds to your USDT Perpetual Contracts Account, where PNL is also
settled in USDT. USDT margined perpetual, using a stablecoin as margin
and currency to settle Profit and Loss, they eliminate the volatility in
return caused by BTC price fluctuations, which are considered a better
fit to beginners.
Gate.io is an established
exchange that holds integrity, transparency, and fairness to a very high
standard. We charge zero listing fees and only choose quality and
promising projects. Our exchange consists only of 100% real trading
volume. Thanks to everyone who has joined us in our journey. We always
intend to improve and innovate to reward our users for their continuous
support.
Gate.io Team
Jan 16, 2021
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