Dear valued customers,
In coincidence with the 6th anniversary of Bitcoin futures, we are hosting a derivatives trading contest with Bicoin to mark this special moment.
The trading contest will be a team contest and will be open to all OKEx users around the world. Together with Bicoin, OKEx will recruit a total of 100 trading experts as team leaders to form teams to compete against each other.
A.Period & Schedule
10:00 Jun 27 - 10:00 Jul 18, 2019 (CEST, UTC+2)
- Team leader recruitment: 10:00 Jun 27 - 10:00 Jul 2, 2019 (CEST, UTC+2)
- Recruitment result announcement: 10:00 Jul 5, 2019 (CEST, UTC+2)
- Team formation: 10:00 Jul 5 - 10:00 Jul 11, 2019 (CEST, UTC+2)
- Team trading contest: 10:00 Jul 11- 10:00 Jul 18, 2019 (CEST, UTC+2)
The contest is divided into 3 stages: Team leader recruitment, team formation, and team trading contest.
1.Team Leader Recruitment
Joining forces with Bicoin, OKEx is recruiting 100 outstanding traders from across the world as team leaders to form their own teams. The teams will take part in the derivatives trading contest and able to share all the profit gained in the game.
Recruitment details: OKEx x Bicoin – BTC Derivatives Trading Contest: Team Leader Recruitment
The cherry-picked 100 team leaders will be able to form their own teams for the trading contest. Users may join one of the 100 teams on the contest page. After joining a team, users are not allowed to change or quit the team. Their individual trading profit and loss will be counted in their teams' results.
- The number of team members for each team should be between 10 and 100. No more member will be accepted once a team is full.
- There are 2 types of team: closed and open. An open team allows public participation. A closed team requires an invitation code from the team leader for enrollment.
3.Team Trading Contest
Contest period: 10:00 Jul 11 – 10:00 Jul 18, 2019 (CEST, UTC+2)
Each contest day lasts from 10:00 on the previous day to 10:00 on the day (CEST, UTC+2)
The competition will be in the form of elimination match and last for 7 days. Every day, the 15 teams with the least profit rates will be phased out. On the last competition day, all remaining teams will be ranked based on their profit rate, and the team with the best result will become the winner.
On every contest day, the remaining teams will receive an airdrop, totaling up to 40,000 USDK. Team leaders and their team members will all get a share of the bonus.
- During the contest, users are not allowed to change or quit their teams.
- During the contest, individual profit and loss will be counted in a team's result. The maximum individual gain is capped at 0.5 BTC and maximum loss 0.5 BTC.
- Profits and losses of BTC Futures and BTC Perpetual Swap trading will be counted in team results.
- Profit/loss calculation: Team's cumulative net profit = BTC Futures & Perpetual Swap account equity of the team – (Fund-in of the day – fund-out of the day) – initial BTC Futures & Perpetual Swap account equity of the team. The calculation of daily profit/loss is the same as the calculation of the cumulative profit/loss. The calculation time of each day starts from 10:00 the previous day to 10:00 on the day (CEST, UTC+2).
Due to the limited number of participants, we are holding a Daily Guessing event to allow broader participation. Participants can share a 10,000 USDK prize pool each day.
- On each contest day, every user may make a guess and support his/her favorite team after trading futures or perpetual swap once. If his/her selected team remains from the daily elimination, the user can share the 10,000 USDK prize pool.
- The daily guessing is closed at 08:00 each day. Each user can make only one guess per day.
- Users are required to complete KYC2 verification and switch to forced partial liquidation mode to take part in the Daily Guessing.
- The Best Team: 10,000 USDK. The team leader and team members will share 50/50 of the prize. All team members will share the 50% equally.
- Daily Airdrop: Remaining teams each day will receive an airdrop at 10:00 on the day (CEST, UTC+2). The team leader and team members will share 50/50 of the prize.
Airdrop amount of each day:1000 USDK / 2000 USDK / 3000 USDK / 4000 USDK / 5000 USDK / 6000 USDK / 10000 USDK
There may be latency for the airdrop. The airdrop bonus distributed during the weekend will be credited to participants' accounts on the next earliest working day.
- Prize pool of Daily Guessing: 10,000 USDT, shared by all winners of the day.
- The prize of Daily Guessing will be credited to winners' OKEx account within 5 days after the contest ends. A text message will be sent when the prize is delivered.
- Malicious trading, use of multiple accounts or any other behaviors to gain an unfair advantage will result in disqualification.
- Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
- In case of any disputes, OKEx reserves the final right of decision.
Jun 27, 2019