WIN A MILLION US DOLLAR IN COINW TRADING COMPETITION. | Premising on huge recent success in regional markets, CoinW is organizing futures trading competition with 1 million US dollar up for grabs. The competition will take place from 21 May 2023 to 10 June 2023.
Currently, the registration is open for interested traders eyeing their million dollar prize.
To register for this exciting event, follow the steps below :
1. Participation
You need to sign up for participation. Any user whose account balance is not less than 100 USDT can sign up. The application to the team leader will be reviewed within 24 hours.
Link for registration: https://www.coinw.com/page/swap-game/index.html?utm_source=trader&utm_id=270&language=en_US
2. Roles
Team leader; Team members; Individual
3. Competition area
Perpetual Futures Trading Zone
4. Schedule
Registration (Individual /team member): May 7, 2023 23:00:00- June 7 11:00:00 (UTC-5), which lasts for 31 days
Registration (team leader): May 7, 2023 23:00:00- May 27 11:00:00 (UTC-5), which lasts for 20 days
Competition: May 21, 2023 23:00:00- June 10 11:00:00 (UTC-5), which lasts for 20 days
Result announcement: June 9, 2023 23:00:00 (UTC-5)
5. Competition Rules
Two competition zones: individual competition and group competition
Individual competition: Challenge with personal records and compete for the King of Revenue
The prize pool for individual competition: gradually unlock the prize pool based on the number of effective participants, with a maximum prize pool of 1,000,000USDT
Note: number of valid participants: the number of users whose cumulative trading volume reached 100,000USDT during the event
Competition scheme: Individual competitions include competition by yield ranking and competition by trading volume ranking, with each ranking accounting for 50% of the total prize pool of individual competitions
Reward in individual competition =reward for the competition by yield ranking+reward for the competition by trading volume ranking
Competition by yield ranking
Prize pool: accounting for 50% of the total prize pool, with a maximum of 500,000 USDT
The rules for reward pool in the competition by yield ranking are as follows
Competition by trading volume ranking
Prize pool: accounting for 50% of the total prize pool, with a maximum of 500,000 USDT
The rules for reward pool in the competition by trading volume ranking are as follows
Group competition: different groups compete and share a 1,000,000 USDT prize pool
Group competition total prize pool: gradually unlock the prize pool based on the number of effective participants, with a maximum prize pool of 1,000,000USDT
Note: number of valid participants: the number of users whose cumulative trading volume reached 100,000USDT during the event
Number of team members: not less than 5 members (including the team leader)
Reward for the invitation: For each newly registered and valid user invited by the group leader/group member, both the inviter and invitee will receive 2 USDT rewards; Each team leader/team member who invites a registered and valid user to participate will receive a reward of 1 USDT for each invitation;, the reward cap at 100 USDT. All users can invite new users to register by sharing invitation posters, automatically binding invitation relationships, and enjoying commission rebates.
Ranking method: Ranking based on the total revenue of the team
Rules for dividing the prize pool: split the prize pool in the following proportion based on the total ranking of revenue
Rules for sharing internal bonuses within the group:
Total reward for group leader= reward for group leader + reward by his ranking inside the group
6. Early Bird Award
During the event,
The first 1,000 users who register for individual competitions can receive a 10 USDT gift
The first 100 users who register as group leaders can receive a 30 USDT gift
7. Lottery Turntable
Registered users who reach a trading volume of 10,000 USDT on a single day during the event will receive the opportunity to participate in a daily lottery. Submissions close promptly at 24:00 on the same day.
8. Rule supplement
Qualification for award:
All users splitting the prize pool must be valid trading users, i.e. users whose cumulative trading volume during the activity period is not less than 100,000 USDT
Registration:
1. All users can concurrently participate in individual and group competitions and must register within the indicated time period.
2. Upon successful registration, withdrawal is not allowed, unless the group has not been formed at the end of registration, in which case the group will be automatically disbanded. Additionally, when the group has already been created, the team leader will have two options: Close Join and Enable Join, to regulate group members.
3. If the group has fewer than 5 members, the team will be automatically disbanded after registration and randomly assigned to other teams by the platform
4. Copy traders and copy trading users can participate in activities normally, and copy trading data will be updated to the trading competition
5. When the group leader invites friends to register and join the group, in addition to rewards for the invitation, the invitation relationship will also be automatically bound to receive commission rebates
Formula:
1. Futures trading volume: trading price * number of contracts * face value
2. Income=unrealized gains and losses+realized gains and losses
3. Yield=amount of return/(initial funds at the time of activity registration+net transfer during the activity period), calculated as 0 when net transfer<0
4. Capital fees, handling fees, profits and losses from try-out bonuses, profits from copy trading, and commission returns are not included in the scope of this calculation of income. The income only includes the real order of futures trading.
The formula for calculating the realized revenue of a single order is: Short position profit and loss=number of contracts * face value * (opening price - closing price); Multi-position profit and loss=number of contracts * face value * (closing price - opening price);
The formula for calculating the unrealized profit and loss of a single order is: Short position profit and loss=number of contracts * face value * (opening price - latest labeled price); Multi-position profit and loss=number of contracts * face value * (closing price - latest labeled price);
Ranking:
1. Only individuals or groups with a positive yield and return, and a cumulative trading volume of 100,000 USDT during the competition, are eligible to participate in the ranking and receive rewards
2. Individual competition by trading volume ranking: the cumulative profit during the event exceeds 200 USDT
3. If users hold the amount of return/yield, priority will be given to individuals or groups with higher trading volume; When they hold the same trading volume, priority will be given based on the return rate.
Reward distribution
1. Rewards will be distributed within 10 weekdays after the activity.
2. To level the playing field, CoinW imposes a ban on all forms of cheats. Those who affect the operation of CoinW will be deprived of their rights to prizes, and those involved in cases of gross violation will see their accounts frozen.
3. All rights reserved. Please contact us if you have any questions.
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