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Gate.io First USDT Perpetual Contract Contest For 2021, Total Reward Pool of $10K To Be Won

2021-01-15 19:19:23Read:37190

We are pleased to announce that we are holding a trading competition for those perpetual contracts using USDT as margin. New Trading Pairs of DOT/USDT, UNI/USDT, and SUSHI/USDT are added to the competition. In the competition, we have set aside a total of $10,000 worth of GT rewards for top winners. We will award the top 80 winners by ROI, every day for a consecutive 7 days. Compete with the most skilled traders at Gate.io for a prize trophy.

Competition Duration
Jan 15th 9:00 – Jan 22rd 9:00 UTC (7 days in total). Competition and ranking is on a daily basis.

Reward & Distribution
Daily Reward For Top Traders:
1st Prize: 400 GT
2nd Prize: 300 GT
3rd Prize: 100 GT
4th -80th Prizes: 24 GT

Fill in the form to participate:https://www.gate.io/en/questionnaire/71?ch=fut0115

Rules
1) Each day after 9:00 UTC, we will calculate the competition results of the past 24 hours.
2) No extra limit with regard to the funds that you deposit, nor the leverage ratio you can apply. To win a prize, the minimum daily earning should be 100 USDT at least. The Top 3 traders by ROI (earnings/total investment) will be awarded 400 GT, 300 GT and 100 GT respectively, 4th-80th 24 GT each.
3) Each account must place at least 1 order and 60 orders at most in a daily competition; orders that are placed and cancelled without any portion filled are not eligible.

Important Notice:
1) We calculate the cumulative earnings of the following perpetual contracts: BTC/USDT, ETH/USDT, FIL/USDT, BCH/USDT, LINK/USDT, BSV/USDT, DOT/USDT, UNI/USDT, and SUSHI/USDT. Earning includes unrealized PNL, realized PNL, funding payment and trading fees.
2) The total investment =Initial account holdings (including unrealized PNL)+ Funds transferred in during the competition period
3) Gate.io has the right to disqualify any account that is cheating, by either pumping profits into one account, or manipulating the market price, etc.
Risk warning: Perpetual contract is traded like a spot market trade, which does not have an expiry nor settlement date. Cryptocurrencies are high-risk, speculative investments, susceptible to impact from market, policy, and other factors. Please be aware of the risks involved and make investment decisions with caution.

Gate.io reserves the final right to interpret this activity


Conduct Trading & Participate in the Competition:

BTC/USDT: https://www.gate.io/futures_trade/USDT/BTC_USDT
ETH/USDT: https://www.gate.io/futures_trade/USDT/ETH_USDT
FIL/USDT: https://www.gate.io/futures_trade/USDT/FIL_USDT
BCH/USDT: https://www.gate.io/futures_trade/USDT/BCH_USDT
LINK/USDT: https://www.gate.io/futures_trade/USDT/LINK_USDT
BSV/USDT: https://www.gate.io/futures_trade/USDT/BSV_USDT
DOT/USDT: https://www.gate.io/futures_trade/USDT/DOT_USDT
UNI/USDT: https://www.gate.io/futures_trade/USDT/UNI_USDT
SUSHI/USDT: https://www.gate.io/futures_trade/USDT/SUSHI_USDT

About Gate.io Perpetual Contract Market
Gate.io's perpetual contract market is the most active market in the world, with a daily volume up to 0.4 billion USDT. We have accumulated over 1000 BTC in our insurance fund to cover losses due to liquidation. We offer up to 100X leverage for BTC and support high leverage of 20X or 50X for a dozen of other assets, such as ETH,EOS,LTC,BCH,BSV and more. We use composite indices from several exchanges to mark liquidation, thus avoiding unnecessary liquidation. The futures market has been running stably and significantly reduced investors’ risk.
Please note, perpetual contracts are of high leverage and incur a high risk. Please trade within your financial capacity.

About Margin Currency Types in Gate.io Perpetual Contract Market
Currently, there are two margin currencies, BTC and USDT, in Gate.io perpetual contract markets. Based on the margin currency, we group perpetual contracts into two separate groups, USDTmargined perpetual Contracts and BTCmargined Perpetual respectively. To trade any BTC margined perpetual contract, you have to transfer in BTC to your BTC Perpetual Contracts Account as margin, where PNL is also settled in BTC. To trade any USDT margined perpetual contracts, you have to transfer in funds to your USDT Perpetual Contracts Account, where PNL is also settled in USDT. USDT margined perpetual, using a stablecoin as margin and currency to settle Profit and Loss, they eliminate the volatility in return caused by BTC price fluctuations, which are considered a better fit to beginners.


Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate.io Team
Jan 16, 2021

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