Home Cryptocurrency Gate.io’s Global Futures Trading Competition Offering Traders Up To $2M In Rewards Is Live

Gate.io’s Global Futures Trading Competition Offering Traders Up To $2M In Rewards Is Live

by Serge Shlykov

The Gate.io team is proud to announce the launch of our Global Futures Trading Competition, offering traders up to $2 million in rewards.
More details about the competition can be found here: https://www.gate.io/futures-trading-competition?utm_source=link&utm_medium=referral

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Gate.io’s Global Futures Trading Competition Offering Traders Up To $2M In Rewards Is Live

 

Chainwire, 10 January 2022, Singapore, Singapore

Gate.io, the leading digital asset exchange, is kicking off 2022 with a bang by launching its first-ever Global Futures Trading Competition (GFTC). The tournament, which started on January 7 and will end on January 21, 2022, has a $2 million prize fund. Registration opened on December 22, 2021, and will remain available until January 21, 2022.

“This is without a doubt one of the most user-friendly contract events I’ve ever attended.” The greatest aspect is that, at $200, the entrance barrier is very low, allowing anybody to join. “There are also over 180 contracts for us to engage with, demonstrating Gate.io’s enormous variety,” one of the competition’s competitors remarked.

The event’s prize system, more than anything else, has received a lot of acclaim. It is set up in such a way that everyone may win anything just by participating in the event – both directly and indirectly. Let’s take a look at Gate.io’s rise to the top of the contract trading market before we get into the incentives system.

Gate.io is now the 5th largest contracting platform in the world.

Gate.io is currently the 5th biggest contracts platform in the world, according to CoinGecko, with a 24-hour open interest of $2.68 billion. Gate.io will aim to extend its contracts services in the future, owing to its several benefits over traditional spot trading, including:

  • It enables users to trade cryptocurrency in nations where owning the asset is prohibited.
  • The futures market is constantly liquid, allowing for speedier trading and more convenient entry and exit locations.
  • Futures trading is a good way to protect yourself against the price swings of a risky commodity like bitcoin.

The GFTC’s Five-Fold Reward Structure

The sheer diversity of prizes accessible to all of our members is one of the most exciting parts of the GFTC. The following are the recipients of the prizes in total:

  • Battle of the Troops
  • Individual Battle
  • Rewards for anniversaries
  • NFTs are rewarded.
  • Prediction for Champion

Competition for Troops

Users may participate in the competition in teams (or troops) or as individuals. The troops will account for 80% of the overall prize pool with a max share of up to 1.6 million USDT. The prize breakdown for the Battle of the Troops is as follows:

  • 1st Place: Contributes 30% of the prize pool’s profit or profit rate.
  • 2nd Place: Contributes 20% of the prize pool’s profit or profit rate.
  • 3rd Place: Contributes 15% of the prize pool’s profit or profit rate.
  • 4th-10th Place: These get a share in 15% of the Battle of the Troops prize pool according to the profit ranking or profit rate ranking.
  • 11th -100th Place: These get a share in 20% of the Battle of the Troops prize pool according to the profit ranking or profit rate ranking.

Competition for Individuals

Individuals count for 20% of the total prize pool with a max share of 400,000 USDT. As many as 500 users can win prizes in the Individual Battle. The breakdown of the rewards is as follows.

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  • 1st Place: Contributes 30% of the prize pool’s profit or profit rate.
  • 2nd Place: Contributes 20% of the prize pool’s profit or profit rate.
  • 3rd Place: Contributes 15% of the prize pool’s profit or profit rate.
  • 4th-10th Place: These get a share in 15% of the Individual Battle prize pool according to the profit ranking or profit rate ranking.
  • 11th-500th Place: These get a share in 20% of the Individual Battle prize pool according to the profit ranking or profit rate ranking.

Third Contract Rewards for anniversaries

The GFTC is being held by Gate.io to commemorate its third year of futures trading. Invitation prizes and anniversary gift packages totaling $100,000 USD will be distributed. For each gift package, only one legitimate account can be bought. The following are the packages that were distributed:

  • There are a total of 20,000 free products totaling $5 points available.
  • Limited to 5000 packs, special bundles providing $25 points with a $5 contract bonus for 5 USDT
  • Limited to 3000 packs, exclusive bundles totaling $45 points + $5 contract bonus for $20 USDT
  • Limited to 2000 packs, luxury gift bundle worth $120 points + $10 contract bonus 50 USDT

NFTs with a value of $30,000 are limited.

Gate.io customers will have the chance to win limited edition NFTs worth 30,000 USDT between December 22nd, 2021 00:00 UTC and January 21st, 2022 24:00 UTC. Star of the Invitation and King of Champions are the two categories of NFT rewards.

Star of the Invitation

Encourage your friends to join the GFTC competition. All invitees who bring at least 20 friends will be entered into a drawing to receive 200 OpenPunks surprise boxes worth a total of 20,000 USDT. The boxes will be distributed as follows:

  • 20 boxes for first place.
  • 15 boxes for second place.
  • 10 boxes for 3rd place.
  • 35 boxes split between 4th and 10th position.
  • 120 boxes split between 11th and 50th rank.

NOTE: If there are less than 50 participants who qualify for the prize, each ranking participant will get four mystery boxes.

King of Champions

Following the competition, the King of Champions rewards, 100 rare OpenPunks worth 10,000 USDT, will be given to the star performers.

  • Each of the top 10 competitors in each of the top three troops receives an OpenPunk.
  • Each of the top ten individual competitors will get one OpenPunk.
  • Each of the top 20 troop leaders (with a minimum of 50 troop members) will get an OpenPunk.

Win by predicting the future.

Users may take part by guessing the number one soldier. Those who correctly guess the winner get a part of the $10,000 prize pool based on the number of votes. From January 10th, 2022, 00:00 UTC until January 17th, 2022, 24:00 UTC, users may submit their predictions. All users are eligible to vote if they have more GT tokens than the amount of votes allowed each day. The quantity of votes a user receives each day is determined on their VIP status:

  • A VIP3 may vote three times every day.
  • 3<VIP≤10 can cast 5 votes per day
  • VIP>10 can cast 10 votes per day.

Concerning the GFTC

Gate.io’s first global futures trading competition provides an expandable prize pool of up to $2 million. The competition consists of Battle of the Troops, Solo Showdown, early-bird rewards, NFTs, and voting rewards. Global traders can register through the official competition website.  

Gate.io is a website that provides information on many topics.

Gate.io is the world’s largest digital currency exchange, with over 10 million users in 190 countries. In addition to DeFi goods via HipoDeFi, services through Wallet.io, investments through Gate Labs, and the GateChain platform, the exchange provides spot, margin, futures, and contract trading. The firm also provides a slew of other services, including its Startup IEO platform, NFT Magic Box marketplace, crypto loans, and more.  

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