Celebrate the Bitcoin Halving: Double Rewards and 50% off Trading Fees for KuMEX Contracts
05/11/2020, 20:00:00
Bitcoin is about to have its third reward reduction due to the planned halving, and the trading market is facing more opportunities and challenges. To show our gratitude to our users, KuMEX is launching a Bitcoin halving campaign! Don’t hesitate to join the official KuMEX community. Let’s witness this historical moment and enjoy the massive rewards!
Activity 1: Enjoy 50% off Trading Fees, Witness the Third Bitcoin Halving
Time: 12:00 on May 11, 2020 to 15:59 on May 14, 2020 (UTC)
Rules: Participate in the voting via the link below, and you can enjoy the 50% discount on trading fees for all KuMEX contracts. The corresponding fee will be returned automatically to your account at the end of the campaign.
Activity 2: Retweet to Win the 120 USDT Bonus Giveaway on Twitter
Time: 12:00 on May 11, 2020 to 15:59 on May 14, 2020 (UTC)
Rules: Follow @KuMEX_Official on Twitter, Retweet with comment #BitcoinHalving #KuCoinFutures to win a share of the 120 USDT in trial funds giveaway! We will randomly choose 12 lucky participants, and each one of them will get 10 USDT.
Activity 3: Embrace the Bitcoin Halving, Enjoy the Double Profits
Time: Now until 12:00 on May 12, 2020 (UTC)
Rule: Join the KuMEX community and guess the Bitcoin halving price. Users who predict the price closest to the actual price will receive double the contract profits as a reward, with an upper limit of 100USDT.
There are two rounds in the guessing contest, and one person will win the reward in each round.
Guessing Objective: The trading price of the BTC perpetual contract in the BTC Margined section of KuMEX.com
First Round: The price when Bitcoin is halved (you need to participate before 15:59 UTC on May 11).
Second Round: The highest price within 24 hours of the Bitcoin halving (you need to participate in the guessing before 12:00 UTC on May 12).
Quiz format:
First-round: #prediction BTCHalving 8970
Second-round: #prediction BTC24hHighest 9233
Details of the rules are subject to community release.
The winners will be announced in the community. The winners need to open the position within 48 hours after the Bitcoin halving. Please submit the highest profit during the period and contact the community assistant Amber KuMEX (@AmberKuMEX) about the prize details.
Each user can only get the prize once. Any repeat winners will not be able to receive a second reward, and so it will be given to the next user.
Join the KuMEX community to participate in the Bitcoin Halving Campaign, and let’s witness the history together and enjoy the MASSIVE REWARDS!
Notes:
- If you already get other trading fees discounts, you will be ineligible to participate in the 50% off trading fee campaign.
- For Activity 2, each participant can only receive one reward.
- For any duplicate or fake accounts found to be cheating or attempting to conduct fraudulent behaviors, the platform will withhold the distribution of the rewards.
- KuMEX reserves the right to the final explanation of the activity.
What is Bitcoin Halving?
The Bitcoin halving, also known as the Bitcoin block reward halving, is where the mining reward of each new block halves around every four years or so. This means that the reward of each newly mined block is cut in half after the halving. When Bitcoin came into existence in 2009, its block reward was 50 BTC. The block reward halves about every four years based on block time and will eventually reach its finite total supply of 21 million. So far, Bitcoin has had two halvings; one in November 2012 and one in July 2016, respectively. The upcoming third halving is estimated to take place in May 2020. At that time, the reward will decrease from 12.5 to 6.25 BTC.