At the 3rd anniversary of Gate.io Futures Trading, in order to reward users for their support, we are having the Global Futures Trading Competition. This competition includes troop competition, solo competition, early bird rewards and invitation rewards and so on. The expandable prize pool is up to 2 million US dollars. We are sincerely inviting global futures traders to participate in and compete for the championship.
Register Now：Futures Trading Competition
I. Duration
1. Registration Time: December 22nd, 2021, 00:00 - January 17th, 2022, 24:00 (UTC)
2. Competition Time: January 7th, 2022, 00:00 - January 21st, 2022, 24:00 (UTC)
II. Requirements
All Gate.io users can participate in the competition with over 200USDT in his/her contract account, and can freely choose to join in troop showdown, solo showdown or form a troop as troop captain. The minimum troop should have no less than 5 members. If the troop has less than 5 members before the competition starts, the troop will be automatically disbanded and put to solo showdown.
Registration：https://www.gate.io/futures/competition
III. Participation Market
All Trading Pairs of USDT-Margin Perpetual Contract
IV. Competition Prize Pool
During the competition, the prize pool will be expanded based on the number of participants. The more users participating in the competition, the higher the total prize pool will be. We will rank the sequence results according to the amount of profit and profit rate. In both troop showdown and solo showdown prize pools, a share of 80% of the corresponding prize pool rewards will be offered according to rank of the profit, and the remaining share of 20% of the corresponding prize pool will be offered according to the proportion of profit rate ranking. The final prize pool will be determined by the valid trading users.
V. Rules
Event 1：$10,000 Value Event Package is Waiting for You
Reward 1: During December 15th, 2021--December 24th, 2021, users who complete the registration of the competition will receive $5 contract bonus. The bonus pool is $10,000. First come first served.
Reward 2: During the competition, the troop captain can invite friends via the event invitation link to join the troop. The troop captain and the invitees will receive a $10 contract bonus each after captain invites a new users to join the toop. (the bonus will only be issued after 5 members joined the troop). The second prize pool is $10,000. First-come, first-served.
Reward 3: We offered the Third Contract Anniversary celebration gift pack during the competition.
Participate in the competition to receive your gift packs for free, and you can also purchase other gift packs with a discount!
Anniversary celebration gift package (only 1 valid account can be purchased for 1 gift package) :
1. Free Package - $5 worth Gate.io points - Grab it for FREE Now (limited to 20,000 packs)
2. Special Package worth $25 coupon + $5 contract bonus for $5, snap up now(Limited to 5000 packs)
3. Exclusive package worth $45 coupon + $5 contract bonus $20, snap up now (Limited 3000 packs)
4. Luxury gift package worth $120 point card + $10 contract bonus $50, snap up now(limited to 2000 packs)
Activity 2: Troops can share 80% of the total prize pool according to the ranking, up to $1,600,000 to be shared.
(1) During the competition, the troops are ranked according to the higher profit and profit rate respectively in the participating troops. The detailed reward rules of the troop showdown are as follows:
Note:
1. Troop Profit = the sum of the top 10 internal profit of the troop. Negative profit and trading volume less than 3000USDT will not participate in the ranking, during the event period.
2. Troop Profit Rate = the sum of the top 10 internal profit rate of the troop. Negative profit rate and trading volume less than 3000USDT will not participate in the ranking, during the event period.
(2) During the competition, those who get troop showdown rewards ranked according to the amount of profit and profit rate will be distributed within the troop according to the following rules:
Activity 3: Solo Shodown rewards account for 20% of the total prize pool, with a maximum share up to $400,000.
During the competition, the troops are ranked according to the higher profit and profit rate respectively in the participating solo showdown. The details are as follows:
Note:
1. Contract trading volume ≥ 3000USDT & revenue ＞0；
2. Contract trading volume ≥3000USDT & revenue rate ＞0；
Activity 4: Compete and Win Limited NFTs Worth $30,000
1. Time: December 22nd, 2021 00:00 - January 21st, 2022 24:00 UTC
2. NFT Distribution Rules:
3. Note：
Users can get Rewrd1,Rewrd2 at the same time.
NFT rewards will be distributed by day. For details of NFT mystery box rewards, please visit "NFT Magic Box-My Assets".
Users can exchange their NFT in Gate.io NFT market.
Activity 5: Vote and Share $10,000
During the competition, users can predict the Top1 troop based on their own idea and vote for them. If the top1 troop is successfully predicted, users can share in a prize($10,000) based on the number of votes.
Time: January 10th, 2022 00:00 - January 17th, 2022 24:00 UTC
Voting Methods:
1. Requirements: Users can vote as long as his/her account holds GT balance, and the number of GT must be greater than the number of available votes per day.
For users with VIP≤3, a single user can cast 3 votes per day;
3<VIP≤10 users, a single user can cast 5 votes per day;
For users with VIP>10, a single user can cast 10 votes per day;
2. We will snapshot users GT holdings every day . If GT amount less than votes and the data does not match, the vote will be deemed as an invalid vote.
Reward Claiming: Reward for a single user ( successfully predict Top1 troop) = number of votes from a single user / total votes Top 1 troop got * total prize pool corresponding to the total number of votes in the Top1 troop.
Note: The top 1 troop refers to the troop that ranks the first in terms of profit in the troop showdown.
IV. Competition Rules
1. The formula for calculating the profit= [Final net assets of the contract account(including unrealized PnL and/or contract bonus) - initial contract account net assets (including unrealized PnL and/or contract bonus) + withdrawals of contract account - deposit of contract account]
2. The formula for calculating the profit rate = [The net value of the contract account at the end of the competition (including unrealized profit and loss and/or contract bonus) - initial contract account net assets (including the unrealized profit and loss and/or contract bonus) + the amount of contract account deposit during the competition - the amount of contract account withdrawal during the competition] / [Initial contract account net assets + contract account deposit during the competition]*100%
3. The winning users(solo and troop) must meet the requirements of contract trading volume ≥3000USDT during the competition.
4. For the troop that has won the rewards of the troop showdown, the troop captain will not repeatedly participate in the reward distribution among the troop members when the internal rewards are distributed. Minimum 5 members and no limit for max members.
5. During the competition, once the user confirms to participate in the troop showdown or solo showdown, it cannot be changed. And the rewards of Activity 2 and Activity 3 cannot be obtained at the same time. However, users can obtain both rewards according to the amount of profit and profit rate.
6. KYC is needed to participate in the competition. A KYC user can only participate in the competition with one account, and the sub-account participation will not count. Contract Bonus and gift packages as well as the event prizes recipients need to complete the KYC process.
7. To maintain the fairness of the competition, this competition will not be open for users of VIP11 and above as well as API traders. We will prepare special competition for these users soon, stay tuned.
8. The final prize pool is determined by the number of valid traders, the number of valid traders = the number of participants registered in the competition - the number of users who have not opened positions during the competition - the number of users determined by the risk control system as a user who violated the event rules (including but not limited to batch registration of inflated prize pools, matching transaction, self-dealing, etc.).
9. During the competition, the troop captain can invite new users via invitation link to register and join the troop, and troop captain can get a 30% commission rebate from his/her referrals. After the competition, troop captains can apply for the Ambassador Program to enjoy a high commission rebate.
10. What is the perpetual contract bonus of Gate.io？
Gate.io perpetual contract bonus can be used as margin and deduct losses, trade fees and funding fee. Gate.io perpetual contract bonus are designed to facilitate new and old users to experience the function of contract products without risk in real contract trading.
11. The market analysis provided by any troop captain does not represent the official opinion of Gate.io. Gate.io does not assume any responsibility for any transaction loss suffered by any troop member.
Risk warning: crypto-currency trading is affected by many factors such as market fluctuations and policies. The market fluctuates greatly and it is difficult to predict. Please make sure to pay attention to market risks and trade with caution.
VII. Notice
1. Gate.io reserves the right to disqualify users from participating in the competition due to the following circumstances, including but not limited to: cheating, registering users in batches, self-dealing, market manipulation, etc.;
2. If the platform's risk control system detects the use of third-party tools for not trading, batch registration of inflated prize pools, matching transactions, etc., the qualification for the competition will be disqualified, and serious cases can be blocked.
3. Gate.io reserves the right of final interpretation of the terms and conditions of this competition.
4. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
FAQ
1. How to build my troop？
- Go to the event page and log in：
https://www.gate.io/futures/competition?ch=gftc_b#/home
- Your available balance in your contract trading account must be 2000 USDT or more.
- Click [Form Your Troop], enter your troop name and troop info.
- You can check your troop info under the troop list.
2. How to join a troop？
- Go to the event page and log in：
https://www.gate.io/futures/competition?ch=gftc_b#/home
- Your available balance in your contract trading account must be 2000 USDT or more.
- Find the troop you would like to join in the Troop Showdown section and click join.
3. How to participate as a solo participant？
- Go to the event page and log in：
https://www.gate.io/futures/competition?ch=gftc_b#/home
- Your available balance in your contract trading account must be 2000 USDT or more.
- Click [Register Now] in the Solo Showdown section.
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Gate.io Team
Dec 22, 2021
