FAQ of BTC Derivatives Trading Contest

Learn how to enroll in the upcoming BTC derivatives contest to win up to 10,000 USDK and share a 40,000 USDK prize pool

Timeline

  1. Create Team: 10:00 June 27 to 10:00 July 2, 2019 (CEST, UTC+2)
  2. Join a Team: 10:00 July 5 to 10:00 July 11, 2019 (CEST, UTC+2)
  3. Trading Contest: 10:00 July 11 to 10:00 July 18, 2019 (CEST, UTC+2)

Contest Rules

The contest will run for 7 days. At the end of each day, 15 teams who have the lowest profit of the day will be eliminated. On the last day, the team with the highest total profit wins the competition.

How to Enroll:

As Team Leader — Creating Your Team

Why Create a Team?

  1. Become a team leader and get community and media exposure throughout the contest
  2. Receive a Verified Analyst badge and get listed on the OKEx Trading Expert Ranking
  3. Win prizes in the contest

How to Create a Team?

You can either apply to create a team via email or on our official website:

  • Official Website
     Apply directly on the campaign page
  • Email
    Shoot an email to okvictory@okex.com with your OKEx account, personal information, team name, team logo, and team description

Once your application is received, our team will review and contact you if it is successful.

As Team Member — Joining a Team

How to Join a Team?

There are private and public teams. Public teams are open to anyone, while private teams require an invitation code from the team leader.

Is There Any Limit on Team Size?

The minimum size is 10 people and maximum is 100.

Can I Quit or Join Another Team?

Once the contest begins, you are now allowed to quit or change teams.

Trade Together — Team Trading Contest

How to Calculate the Profit?

Both your gains and losses for BTC perpetual swap and BTC futures will contribute to your team’s score. However, there are daily limits of +0.5 BTC and -0.5 BTC on the gains and losses for each team member. 
 
Formula:
Cumulative net profit of the team = current BTC derivatives equity of the team — (fund-out of the day — fund-in of the day) — initial BTC derivatives equity of the team.

*Same formula is used for the calculation of daily net profit of the team (from 10:00 of the day to 10:00 the next day, CEST).

How to Participate in Daily Guessing?

Each day, users who complete a trade on BTC derivatives markets can receive a guessing entry. Eligible users can vote for their favorite team before 08:00 (CEST) each day. If the team you voted can proceed to the next round, you can share the daily prize pool of 10,000 USDK!

Can an Unused Entry Be Carried over to the Next Day?

No. Each user can only vote once per day.

Can I Participate in Daily Guessing?

You can participate if you have completed KYC level 2 verification and switched to partial liquidation mode for derivatives trading.

Prize Distribution

The prize for Daily Guessing will be distributed to your OKEx account in 5 working days after the campaign ends.


Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.


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