Dear BitForex Users,
The Perpetual Contract Trading Competition Season 1 Round 4 will be live from July 19th, 2022 at 18:00 until July 22nd, 2022 at 18:00 (GMT+8). Participate and for your chance to win up to a $5,000 perpetual bonus!
Event Rules:
- Anyone can participate in the event by trading on the BitForex Perpetual Contract Platform or by having a long/short position. No further applications are needed.
- The event will last for 3 days; the rewards are divided into 2 types, daily ranking rewards, and total ranking rewards.
- Profitability will be recorded from 18:00 on the previous day to 18:00 the following day. The top 20 winners from the daily rankings will be rewarded.
- The total ranking will be recorded from July 19th, 2022 at 18:00 to July 22nd, 2022 at 18:00 (GMT+8), and the top 20 winners from the total rankings will be rewarded.
- Profitability calculation formula: Total profitability = { [account asset - (deposits to the perpetual account during the event - withdrawals out of the perpetual account during the event) - account assets when the event started] / (account assets at the time of event start + deposits in the perpetual account during the event) } * 100%.
- The following trading pairs will be included in the profitability calculations: BTC/USD,ETH/USD,LTC/USD,XRP/USD,EOS/USD, TRX/USD, BCH/USD, DASH/USD, BSV/USD, ATOM/USD, BNB/USD
- Participants should ensure at least 100 USD in their Perpetual Contract trading to be eligible.
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Ranking and rewards will be distributed as below:
Total Profitability |
|
Ranking |
Equivalent BTC Perpetual Bonus Rewards |
1st place |
$5000 |
2nd-5th place |
$500 |
6th-20th place |
$100 |
Daily Profitability |
|
Ranking |
Equivalent BTC Perpetual Bonus Rewards |
1st place |
$2000 |
2nd-5th place |
$250 |
6th-20th place |
$50 |
Reward Distribution Terms:
All rewards will be sent within 7 business days of the final ranking announcement, and the system will automatically issue the equivalent BTC Perpetual Bonus Rewards to the user's perpetual contract account.
Terms of use of perpetual contract bonus:
1. The bonus can only be used for Perpetual Contract trading, and the earning part can be withdrawn; the bonus itself cannot be withdrawn.
2. The bonus can be used as a margin for trading and can also be used for trading fees, losses, and funding costs. Any asset transfer out of the futures account will result in the bonus being cleared. The bonus has a valid period of 15 days. The bonus will be taken back after expiry. Please be cautious of the liquidation risks due to the taken-back of the futures bonus.
Disclaimer
BitForex will ensure the smooth operation of the competition in a diligent manner - we reserve the right to disqualify any user found to be violating the competitive spirit or terms at our sole discretion, effective without warning.
Users are assuming full responsibility for their actions and assets. BitForex reserves the right to modify or cancel the contest process, rules, and rewards according to policies, regulations, and actual conditions.
BitForex Team
2022/07/15
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