Join Elite Trading Team Contest Grab a Share of 150,000 USDT

1. Introduction

1) Schedule:

a. Leaders recruitment: 10:00 Mar 9 - 10:00 Mar 15, 2020 (UTC)

b. Team formation: 10:00 Mar 16 - 10:00 Mar 22, 2020 (UTC)

c. Trading contest: 10:00 Mar 23 - 10:00 Apr 6, 2020 (UTC)

Note: Leaders can continue to recruit team members during the contest period.

2) Outstanding traders will be selected as leaders to form their own teams and lead their team members to win.

3) We will rank traders by team and individual yield. Trade any perpetual swap, futures or options contracts of any cryptocurrencies for a chance to win bonus.

4) All participants can get an extra bonus of 35 USDT apart from the ranking bonus after completing the contest task.

5) Details:

Team Ranking Reward (USDT)
1st	30,000
2nd	20,000
3rd	10,000
4th-5th	8,000
6th-10th	5,000

 

Individual Ranking Reward (USDT)
1st	8,000
2nd	5,000
3rd	3,000
4th-5th	2,000
6th-10th	1,000
11th-20th	500
21th-100th	100

 

2. Leaders Recruitment Details

1) Users can apply to become leaders by completing the application form online.

2) We will screen and verify users’ information and select the best traders to become leaders.

3) Leaders need to recruit team members and guide them to analyze market data and perform trading during the contest.

4) Leaders of winning teams can receive more ranking rewards and enjoy exclusive marketing opportunities.

 

3. Team Formation Details

1) Selected leaders can form their own teams by recruiting team members. There is no limit on the number of members in each team.

2) Users can join their favorite teams on the team formation page, but they cannot change teams after joining.

3) Users can join an open team or a closed team. Users should get invitation codes from leaders before joining closed teams.

4) Leaders can contact OKX’s customer support to change team status, including opening or closing member recruitment.

 

4. Contest Details

1) We will select the winning teams and participants by their trading yield. Calculation as follows:

a. Individual member’s yield = (account balance – initial account equity – funds transferred to perpetual swap, futures and options accounts + funds withdrawn from those accounts) / (initial account equity + funds transferred to those accounts)

b. Team yield = {∑(total account balance of all team members – total initial account equity of all members – total funds transferred to perpetual swap, futures and options accounts of all members + total funds withdrawn from those accounts)} / {∑(total initial account equity of all members + total funds transferred to those accounts)}

Initial account equity: If the user joins a team before the start of the contest, his account equity at the start of the contest will be taken as the initial account equity. If the user joins a team after the start of the contest, his account equity when joining his team will be taken as the initial account equity.

Scope of calculation: Account balances and transfer and withdrawal amounts in futures, perpetual swap and options accounts of all cryptocurrencies will be covered.

Note: Please do not withdraw funds from your perpetual swap, futures and options accounts during the contest period, otherwise your total yield cannot reach the minimum requirement.

 

2) Details of entry requirements for Team Ranking and Individual Ranking

a. Team Ranking: 5,000 USDT

Only teams whose members have a total account balance > 5,000 USDT in their futures, perpetual swap and options accounts during the contest period can receive Team Ranking rewards.

b. Individual Ranking: 500 USDT

Only participants with a total account balance > 500 USDT in their futures, perpetual swap and options accounts during the contest period can receive Individual Ranking rewards.

 

5. Reward Distribution

1) Team Ranking rewards:

a. Team members have a total account balance ≥ 5,000 USDT in their futures, perpetual swap and options accounts during the contest period.

b. Team size ≥ 10 members.

 

2) Individual Ranking rewards:

a. Have a total account balance ≥ 500 USDT in his futures, perpetual swap and options accounts during the contest period.

b. Trade perpetual swap, futures or options contracts for ≥ 3 times during the contest period (1 filled order is counted as 1 valid transaction).

c. Complete KYC2 verification.

 

3) Team Ranking reward distribution rules:

Teams with 50 members or above: 40% will be allocated to the leaders; members will be ranked according to their individual yield - 40% to the top 20% members, and 20% to the remaining members.

Teams with 20 members or above: 30% will be allocated to the leaders; members will be ranked according to their individual yield - 40% to the top 20% members, and 30% to the remaining members.

Teams with less than 20 members: 20% will be allocated to the leaders, and 80% to the members.

Note: Only participants who trade perpetual swap, futures or options contracts for ≥ 3 times and complete KYC2 verification during the contest period can share Team Ranking rewards.

 

6. Remarks

1) Malicious trading, the use of multiple accounts, or any other behaviors to gain an unfair advantage will result in the forfeiture of rewards;

2) Rewards will be distributed within 1 week after the contest ends. The actual arrival time of the rewards might differ;

3) Exclusive to master accounts;

Note: Any market analysis offered by team leaders do not represent the view of OKX. OKX is not liable for any losses of the team members.

4) According to local regulations, users from the following countries/regions are not allowed to join the contest: Cuba, Iran, North Korea, Crimea, Sudan, Syria, Malaysia, China,the United States including all territories such as Puerto Rico, American Samoa, Guam, Northern Mariana Islands, US Virgin Islands (St. Croix, St. John and St. Thomas), Bangladesh, Bolivia, Ecuador and Kyrgyzstan.

 

*In case of any dispute, OKX reserves the right of final decision.