A. Schedule
1. Leader Recruitment:
03:00 Dec 23, 2019 – 16:00 Dec 29, 2019 (UTC)
2. Time for recruitment of team members:
03:00 Jan 2, 2020 – 16:00 Jan 5, 2020 (UTC)
3. Contest Period:
03:00 Jan 6, 2020 – 16:00 Jan 15, 2020 (UTC)
B. How It Runs
1. Contracts for Contest: USDT-margined futures and perpetual swap of any available cryptocurrencies.
2. Team Enrollment: Each participant has to and can only join 1 team. One cannot change the team after joining. Users should contact leaders to join their closed team via invitation codes, but they can join open teams freely.
3. Live Trading: Participants should perform live USDT-margined futures or perpetual swap trading during the contest.
4．This contest only accepts participation of master accounts.
Note: The market analyses offered by team leaders do not represent the view of OKEx. If team members suffer any loss from their opinions, OKEx will not accept any responsibility.
C. Event Rules
1. Team Rewards
Best Trading Team Awards
Teams are ranked by total yield in the contest. Each team member can contribute up to 5,000 USDT daily in his team.
Yield of each member = account equity at settlement – initial account equity – funds transferred to USDT-margined futures or swap account + funds withdrawn from USDT-margined futures or swap account
Yield contributed by each member = MIN (positive yield, 5,000 USDT) or MAX (negative yield, -5,000 USDT)
Total yield of each team = SUM (yield contributed by each member)
|
Best Trading Team Awards |
|
|
Ranking |
Reward (USDT) |
|
1 |
30,000 |
|
2 |
15,000 |
|
3 |
10,000 |
|
4-5 |
5,000 |
|
6-10 |
3,000 |
Leapfrog Awards
Teams are ranked by the rank increment in the Best Trading Team Awards ranking from the 4th day to the last day in the contest.
|
Leapfrog Awards |
|
|
Ranking |
Reward (USDT) |
|
1 |
15,000 |
|
2 |
10,000 |
|
3 |
5,000 |
|
4-5 |
3,000 |
Rank Increment = team’s ranking on the 4th contest day- Team’s ranking on the last contest day
Note: The leader of the winning team can take 20% of the team’s reward according to the team’s ranking. Teams with 50 members or above: 20% for leaders, 40% for top 20% members and 40% for the rest. Teams with fewer than 50 members: 20% for leaders and 80% for members. Team members who trade less than 30,000 USDT futures/swap during contest period or do not complete KYC2 verification cannot share rewards
2. Leader Rewards
Popular Leader Awards
Leaders can get corresponding rewards and be honored Popular Leader according to their teams’ popularity points in the contest.
|
Popular Leader Awards |
|
|
Ranking |
Reward (USDT) |
|
1 |
30,000 |
|
2 |
15,000 |
|
3 |
10,000 |
|
4-5 |
5,000 |
|
6-10 |
3,000 |
Popularity points calculation: Valid team members who are new OKEx users signed up after Dec 29, 2019 (UTC) can contribute 2 popularity points to the team and existing users 1 popularity point. Teams can receive Best Trading Team Awards, Popular Leader Awards and Leapfrog Awards only after their members get 10 popularity points or above in total.
Participants who (1) trade more than 30,000 USDT after joining their teams; and (2) complete KYC2 verification are regarded as valid team members.
D. Reward Distribution
1. The Best Trading Team Awards Ranking and the Popular Leader Awards Ranking will be released after the contest starts. The Leapfrog Awards Ranking will be released on Jan 10. All ranking lists will be updated every 5 minutes. Users can check them on their own.
2. If a winner is found holding multiple accounts with the same IP address and confirmed cheating after investigation, we reserve the right to disqualify the accounts under that IP address from receiving rewards.
3. The rewards will be distributed at 06:00 Jan 20, 2020 (UTC) after the contest. The arrival time of rewards is determined by the reward distribution time.
4. Teams can receive Best Trading Team Awards, Popular Leader Awards and Leapfrog Awards only after their members get 10 popularity points or above in total.
Frequently Asked Questions:
Q: How to join the contest?
A: You can join the contest after clicking “Join Now” on the event page.
Q: Can I change my team?
A: You cannot change your team after selecting one.
Q: When will my reward be distributed? Can I get more than one award?
A: Your reward will be distributed to your account on OKEx within 4 working days after the results announcement. You can directly withdraw it from your account.
You can get more than one award if you meet our criteria.
Q: Can I join a team and get a share of the rewards after the contest starts?
A: You can join one after the contest starts. You can get a share after you trade more than 30,000 USDT and complete KYC2 verification during the contest. However, the amount of reward received corresponds to the amount of yield contributed by your team.