Exclusive for KuCoin API Users - Strive to the Top in Profit Ranking to Share 50,000 USDT！
03/04/2021, 17:01:50
As the People’s Exchange, KuCoin is now launching the second round of API Trading Competition to show gratitude towards all API users, come to join now and you will have a chance to share 50,000 USDT!
Activity trading time: 15:59:59, March 11, 2021 - 15:59:59, March 31, 2021 (UTC)
Scope of Markets: KuCoin Spot market, KuCoin Margin market, KuCoin Futures market
Activity one: Share 1,500 USDT Every Day! Total 30,000 USDT!
Intended users: Users who are successfully registered for the activity can participate in the activity.
Registration time: 09:59:59, March 4, 2021 (UTC)
Note: Users can register for the trading competition at any time during the activity.
Rules:
- During the activity (last for 20 days), the top 15 users with the highest profit rate can equally share the 1,500 USDT daily prize pool (1,500 USDT/day) intraday.
- All participants need to fill in the form to register for the activity. During the activity, the total API trading volume for each user shall be greater than 5,000 USDT. Otherwise, the user will not be qualified for prizes.
- The snapshot of the initial equity will be taken at 15:59:59, March 11, 2021 (UTC).
- The snapshot for the final equity will be taken at 15:59:59 (UTC) every day.
- The ranking will be updated between 12:00 and 13:00 (UTC) every day from the 13th of March to the 1st April 2021.
- Users can fill in the form to register for the activity at any time during 15:59:59, March 11, 2021 - 15:59:59, March 31, 2021 (UTC). If the user filled in the form before 10:00 the day, the initial equity will be snapshot at 15:59:59 the day, then the user can participate in the trading competition the next day. Otherwise, the user will need to wait for one more day to participate in the competition.
e.g. Jake has filled the registration form successfully at 08:00(UTC) in 15th March 2021, then his initial equity will be taking snapshot at 15:59:59 in 15th March 2021. Thus, Jake is qualified to join the competition in 16th March. He can look up the ranking of 16th March in the 17th March.
If Jake has registered the competition successfully at 10:00:00 15/03/2021-10:00:00 16/03/2021, then his initial equity will be taking snapshot at 15:59:59 in the 16th March 2021. Thus, he can join the competition in 17th March, and look up the ranking of 17th March in the 18th of March.
Activity two: Go Top the API Profit Ranking to Share 20,000 USDT!
This activity is for returning users.
Returning users are those who have traded via API during 14/01/2021 16:00:00 - 14/02/2021 15:59:59, however failed to continue trading via API during 14/02/2021 16:00:00 - 2/02/2021 15:59:59（UTC）
The details are as follows:
Rules:
- The share that one can get from the 20,000 USDT prize pool is based on the profit rate.
- During the activity, the total API trading volume for each user shall be greater than 5,000 USDT. Otherwise, the user will not be qualified for prizes.
- The snapshot of initial equity will be taken at 15:59:59, March 1, 2021 (UTC)
- The snapshot of final equity will be taken at 15:59:59, March 31, 2021 (UTC)
- The ranking will be updated between 12:00 and 13:00 (UTC) every day from the 13th of March 13 to 1st of April 2021.
Note:
1. Calculation of profit rate:
Total Profit rate = {[User’s final equity - (Funds transferred in by user during the activity - Funds transferred out by user during the activity) - Funds borrowed in the margin market by users - User’s initial equity] / User’s initial equity *100%.
User’s final equity snapshot will be all converted into USDT(Every token will be calculated into intraday USDT’s average price)
2. For Activity One, the calculation of daily profit rate is the same as that of the total profit rate. The profit rate will be incorporated into the profit calculation from 23:59:59 (T-1) to 23:59:59 (T).
3. How to get qualification of Activity Two: Returning users will receive emails or pop-up notifications. The email will be sent before 15:59:59, March 4, 2021 (UTC). There is no need for returning users to register for the activity.
4. If you’re qualified for activity two but did not receive email or have no longer subscribed to the email from KuCoin, please contact customer service .
5. At the snapshot time for initial equity and final equity, if users hold futures positions, they should close the positions for PNL calculation; if they fail to close the positions before the specified time, the position margin and unrealised PNL will be excluded from the profit calculation.
7. Institutional users are excluded from the activities. The API trading volume generated by KuCoin Trading Bot is also not included in the profit calculation.
8. 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. Any illegal manipulation for the rewards, the violators will be disqualified for the prizes.
9. Prizes will be distributed within 14 working days after the activity ends.
10. KuCoin reserves all rights to the final explanation of the event.
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
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