Join Futures Team Trading Competition To Share a 100,000 USDT Prize Pool!
01/27/2022, 18:06:35
Fight for a 100,000 USDT prize pool in the first-ever KuCoin Futures Team Competition. Outperform other teams in trading and profits to earn up to 10,000 USDT prizes. Participants will also qualify for a 2,000 USDT prize pool, with a maximum airdrop of 100 USDT for newcomers. Futures bonuses will also be issued each day! Fight for the glory!
Activity Time: 10:00 on January 27, 2022 - 10:00 on February 10, 2022 (UTC)
Fill in the form to join the competition.
Activity One: Up to 100 USDT for Newcomers
Enable Futures trading to claim 5-100 USDT bonuses. For users who didn’t receive the airdrop, we will randomly choose 1,000 registered users to win extra airdrops.
Activity Two: Lead Your Way to the Top of Team Competition
The first-ever KuCoin Futures Team Competition goes live! Trade any contracts and hit the leaderboard by earning trading volume and profits. Fill in the form to assemble a team. You can fight as a team or invite your friends to join you. More trades, more prizes. The team’s profit rate will also earn you rewards.
* Note: Make sure your team information is accurate and meets the requirement. Otherwise, your team is deemed to waive the qualification.
Team Competition in Trading Volume
Trading Volume Calculation:
1. Individual trading volume = Principal * Leverage. For example, open and close a position with 50 USDT principal and 10x leverage can reach a trading volume of 1,000 USDT.
2. Team’s trading volume = The sum of all team members’ trading volume.
Team Competition in Profit Rate
Profit Rate Calculation:
1. Team profit rate = (The sum of the team members’ settled amount - The sum of the team members’ principal) / The sum of the team members’ principal * 100%.
2. The sum of the team members’ principal = The sum of the team members’ initial equity + The sum of the team members’ deposits/incoming transfers.
3. The sum of the team members’ settled amount = The sum of the team members’ final equity + The sum of the team members’ withdrawals/outgoing transfers.
4. Initial equity will be snapshotted at 15:59:59 on January 27, 2022 (UTC), calculated in USDT. Final equity will be snapshotted at 15:59:59 on February 10, 2022 (UTC), calculated in USDT.
Rules:
1. All the calculations will be based on the team’s trading volume or profit rate.
2. For team competition in the trading volume, the captain can enjoy an extra bonus of 10% of the team prize. The rest of the prize will be allocated according to each member’s contribution to the total team trading volume. Individual prize = Individual trading volume / Team trading volume * Prize amount.
3. For team competition in the profit rate, the captain can enjoy an extra bonus of 10% of the team prize. The rest of the prize will be allocated according to the number of team members. Individual prize = Prize amount / The number of team members.
4. The 100 lucky teams on the team competition in trading volume must have a team trading volume of at least 1,000 USDT or more.
5. The prize will not be distributed to members with an individual prize amount of less than 1 USDT.
Activity Three: Up to 10 USDT in Futures Bonuses
The first 100 users who trade or enable Futures trading each day can enjoy a 5 USDT Futures bonus each task. Up to 10 USDT for each user. All users are welcome! First come, first served!
Note:
1. Fill in the form to join the event.
2. The final leaderboard of team trading volume and profit rate will be released after the event ends.
3. Captains can offer valid market information to help the team in trading strategies. The information provided by the captains does not represent the official stance of KuCoin Futures. Losses hereby arouse have no relation to KuCoin Futures.
4. For the fairness of the competition, market makers are unavailable to participate in it.
5. Users can join all the activities above.
6. Apart from Activity one, prizes or rewards of the competition and activity will be issued within 14 working days after the event ends.
7. Airdrop bonus contains either Futures trial funds or Futures deduction coupons or both. Futures bonus is Futures trial fund.
8. Futures bonus can be used in Futures trading. Learn more in How to Use KuCoin Futures Trial Fund?
9. The deduction coupon can be used to reduce 30% of your Futures trading fees, valid for 30 days. Log in to check your Deduction History.
10. Negative trading fee rates and the trading volume of Futures Brawl and Futures Grid bots will not contribute to your total trading volume for the purposes of this competition.
11. Any duplicate or fake accounts found to be cheating or attempting to engage in fraudulent behavior will not be eligible for prizes, which will be withheld from any user that attempts to earn prizes in a prohibited manner.
12. Your master account and sub-accounts will be treated as the same for the purposes of this event.
13. For questions you may have, please contact online support.
14. KuCoin Futures reserves all rights to the final interpretation of the event.
Risk Warning: Futures trading is a high-risk activity with the potential for huge gains and huge losses. Previous gains do not indicate future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. This information should not be regarded as investment advice from KuCoin. All trading is done at your own discretion and at your own risk. KuCoin is not liable for any losses resulting from Futures trading.
Thank you for your support!
The KuCoin Futures Team
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