KuMEX HOLD Competition: 5 Bitcoins to Give Away! Earn 1800% Annualized Expected Return
Dear KuMEX Users,
KuMEX will release the first HOLD Competition on 11th Sep, 2019, with a daily reward of 0.5 Bitcoins to give away in the next 10 days. Users can earn the reward by holding a position on KuMEX. The details are as follows.
Competition Time: From 11th September, 2019 00:00:00 to 20th September, 2019, 23:59:59 (UTC+8)
Daily Reward Calculation:
KuMEX will take a snapshot of user's position every minute. By adding up all the position numbers in the snapshots of one day and divided by 1440, a user's Daily Average Position can be calculated.
User's Reward = user's Daily Average Position / sum of all users' Daily Average Position * 0.5 Bitcoin
*Whether long or short, an absolute value of the position number will be used.
Yield Analysis: To trade 100 lots on KuMEX, a user needs to deposit only about 5 US dollars equivalent of Bitcoin. According to the Open Interest number on 6th September, the daily reward is about 0.25 US dollars, and the annualized expected return is 1800%! The bigger the position, the more the reward!
Note: The campaign on the platform will undergo rigorous inspection during the activity. For any malicious acts conducted during the period. The platform will cancel the qualification of the participants. KuMEX reserves all rights to exercise at its sole discretion to define if the transaction behavior is counted as cheating behavior and determine whether to cancel the participation qualification of a user. The final decision made by KuMEX is with legal binding force to all participants who participated in the competition. Users hereby confirm that their registration and use of KuMEX are voluntary and are not forced, interfered with, or influenced by KuMEX in any way.
KuMEX will not provide any investment, legal, taxation or other advice to users over the KuMEX contract transaction, and any information about KuMEX contract trading published or sent to users by KuMEX does not constitute or form investment, legal, taxation or other related suggestions. For users needing professional advice, please seek professional financial, legal or taxation personnel for consulting services.
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The KuMEX Team