Who Will Be the King of KuCoin API Trading——Join now to Share 122,500 USDT & 1BTC
05/29/2021, 20:49:24
As the People's Exchange, KuCoin treats every API user as our VIP. So far, the KuCoin API Trading Competition has been successfully held for two rounds. To show our sincere gratitude for all the support from our valued API users, KuCoin is going to roll out the KuCoin API Champion for further improvement of the KuCoin trading ecosystem, all API users are encouraged to join.
Bonus
Users registered for the champion can randomly receive:
1. Up to 50,000 USDT worth of interest-free coupon for margin trading
2. Futures trial fund
3. Futures deduction coupon
KuCoin API Championship
1. Schedule
Time: 15:59:59, June 30, 2021 - 15:59:59, September 28, 2021（UTC) (90 days)
Timeline:
2. Rules for Registration
1) Users who sign up from 16:00:00, 05/31/2021 to 15:59:59, 06/30/2021 (UTC) will have their initial equity snapshotted at 15:59:59, 06/30/2021 (UTC) and start their competition on 16:00:00, 06/30/2021 (UTC)；After 06/30/2021, if users signed up before 15:59:59 (UTC) on T day, the snapshot of the initial equity is at 15:59:59 (UTC) the T-1 day. Otherwise, the system will snapshot the initial equity at 15:59:59(UTC) the T day.
E.g.: If Jack signed up at 8:00:00, 07/10/2021 (UTC), the snapshot of initial equity will be taken at 15:59:59, 07/09/2021 (UTC). Then Jack participated in the activity on 07/09 and can check his ranking on 07/10.
If Jack signed up at 16:00:00, 07/10/2021 (UTC), the snapshot of initial equity will be taken at 15:59:59, 07/10/2021 (UTC). Then Jack can participate in the activity on 07/10 and check his ranking on 07/11
2) According to the snapshotted initial equity, the system will divide participants into three ranks: Bronze, Gold and King.
3) If the 30-day trading volume meets the requirements for upgrade, participants can tap the "Upgrade" button to reach a higher rank. Please note that once upgraded, the rank will not be lowered.
4) If the participant deposits or transfers assets into the account and the total assets exceed the upper limit of the current rank, the system will upgrade the rank. Once upgraded, the rank will not be lowered.
e.g. The snapshotted initial equity of User A is 0.1 BTC and the rank is Bronze, he then deposits 3 BTC and the rank becomes Gold. If he withdraws 3 BTC then and the total equity is lower than 1 BTC now, his rank is still the Gold one.
5) During the championship, the value of the coin/token that the user deposits is based on the average trading price of COIN/USDT on the day.
6) Users who have signed up for the championship during the registration period from 16:00:00, May 31, 2021 to 15:59:59, June 30, 2021 (UTC) do not need to register for it again.
3. Participants
According to the snapshotted initial equity, participants will be divided into three ranks: Bronze, Gold, and King.
The snapshot of initial equity will be taken at 15:59:59, June 30, 2021 and 15:59:59 each day during the championship (UTC)
Initial equity = Total equity in the account (at the initial snapshot) + Margin lendings (at the initial snapshot)
4. Rules for Championship
1) Each rank has its own leaderboard and the leaderboard will be updated between 12:00-13:00 (UTC) every day from July 2, 2021 to September 29, 2021.
2) How to be listed on the leadboard: Bronze rank is based on the profit rate, Gold and King rank are based on the amount of profit.
3) Users can deposit and withdraw during the championship
Profit rate = Profit amount / Initial equity;
Profit amount = Final equity (Futures position margin and unrealised PNL are excluded) - Initial equity + Withdrawal amount during the championship - Deposit amount during the championship;
Final equity = Total assets at the final snapshot (staked amount included) - Margin borrowings at the final snapshot + Margin lendings at the final snapshot;
Initial equity = Total assets at the initial snapshot (staked amount included) + Margin lendings at the initial snapshot;
Withdrawal amount during the championship = Transfer-out funds during the championship (deposit/withdrawal fees included) + Red Envelopes sent out during the championship;
Deposit amount during the championship = Transfer-in funds during the championship + Red Envelopes received during the championship
4) During the championship, if there are no trading activities for 10 consecutive days, then the participant will be deemed to have waived the qualification for the championship. Teams that quit or violate the rules will not be able to claim prizes.
5) For participants at the Bronze rank, to hit the leaderboard, their API trading volume should be greater than 300 USDT at the day. For other participants, to claim rewards, their API trading volume should reach at least 20,000 USDT during each round of the championship (30 days).
6) Target markets: Spot, ETF, Margin and Futures
5. Equity Snapshot
6. Rules for Rewards
Total rewards pool: 122,500USDT + 1BTC
7. Fee Discount
All participants can buy KCS in the secondary market. During 16:00:00, June 7, 2021 - 16:00:00 August 29, 2021 (UTC), if the average KCS holdings in the last 7 days reaches 80% of a certain fee level, he/she can apply for the 30-day trial of that fee level! (Details are as follows)
Click to view the KuCoin fees level
Rules: KuCoin will keep monitoring the KCS holdings of users who have successfully applied for the trading fee level. If users maliciously resell KCS in the secondary market, KuCoin has the right to withdraw the preferential policies.
Note:
1）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.
2）Interest-free coupon:
Interest-free coupons can only be used through the interface of "Interest-free Coupon". How to Claim the Interest-free Coupon？
Each user can use up to 50,000 USDT! Total 5,000,000 USDT, first come, first served!
Once the activity starts, the interest-free coupons will be issued to users who have registered for the activity before. For users who have signed up for the activity after its launch, they will receive coupons within 24 hours.
3）Futures trial fund and deduction coupon:
Bonus will be distributed randomly, including futures trial fund or futures deduction coupons:
Futures trial fund can be used for futures trading, and the profits generated from it can be transferred or withdrawn. For details, please click How to Use KuCoin Futures Trial Fund?
The deduction coupon is only used to deduct the futures trading fees by 30%, valid for 30 days. Click here to check Deduction History.
4）Institutional users are excluded from the activity. The API trading volume and PnL generated from KuCoin Trading Bot are excluded from the profit calculation.
6）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; for any manipulations attempting to get the rewards illegally, the violators will be deprived of the qualification for the rewards.
7）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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