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Gate.io's 2nd Market Maker Trading Contest,Win $480,000 Points

2021-03-16 10:02:19Read:141984

Ever since the opening of Gate.io's 1st Market Maker Trading Contest, dozens of teams around the world have carried out an exciting and wonderful trading competition.
The Market Maker Trading Contest aims to provide users with better services and better liquidity. In response to the enthusiasm of the majority of our users, Gate.io is officially launching the 2nd Market Maker Trading Contest. Participants can participate in multiple arenas and win rewards based on the ranking in each arena.

Registration Time: From Now-2021/03/29
Registration Link: https://www.gate.io/questionnaire/81
Contest Time: 2021/04/01 08:00-2021/05/31 08:00(UTC+8)

This contest will include Spot, BTC-margin & USDT-margin perpetual swap arenas. The total prize pool for each group will depend on the number of applicants. The more participants, the higher the prize pool (Refer to the table below)

The total prize pools are as follow:

The winner's team can convert the point card into GT at a discount of 80% as needed

The reward distribution rules as follows for each prize pool:

Note: Each group is ranked separately. Competition for pool A is ranked according to the MM score, and competition for pool B is ranked according to the trading volume.

Rules of Prize Pool A:
The host will take random snapshots of every minute from 08:00:00-07:59:59 the next day. Two parameters as seen below should be maintained for getting your score in every minute.
Average Spread= (Your Best Ask-Your Best Bid)/[(Best Ask + Best Bid)/2] < the required spread
Min (total buy orders within spread, total sell orders within spread)> min required order size

Daily composite MM score=∑(Single pair score*Pair Weight)/Numbers of participating pairs + Numbers of qualified pairs*0.1

Rules of Prize Pool B:
Prize Pool B will be ranked according to their trading volume, and all trading volumes will be converted into USDT at the closing price of the day on the Gate.io platform.

The detailed scoring rules will be automatically sent to the mailbox within 24 hours after the close of registration. If you haven't received it, please email us via [email protected]teio.me

1.Participating in 6 prize pools at the same time is allowed.
2.If the user's award level is the same as the original VIP level, 60 days will be added to the original basis.
3.For API related issues, please email us via [email protected]
4.Points can be used for the deduction of the trading fee; 1 Points= $1 value of the trading fee. Points are non-transferable.
5.If the number of teams in a certain prize pool is no more than 10, a single team's award is no more than 5,000 points.
6.The winner's team can convert the point card into GT(exchange token) at a discount of 80% as needed.
7.Gate.io reserves the right of interpretation of the contest.

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
March 16, 2021

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