Dive into the exciting world of competitive trading with this exclusive event. This guide breaks down everything you need to know about participation, eligibility criteria, and how your performance is calculated to rank on the leaderboard.
Event Overview and Key Dates
The competition period runs from December 24, 2024, at 15:00 UTC+8 to January 24, 2025, at 15:00 UTC+8. This event is designed to test your trading skills and potentially reward you based on your profitability and trading volume.
Please note that this is an exclusive, invitation-only event. Only users who see the event card displayed for them on the platform's homepage are eligible to participate. Attempting to join via shared links or other indirect methods will not grant access.
How to Participate Correctly
To become a valid participant, you must click the "Join Now" button on the event page. You will know your registration was successful when the button's status changes to "Joined." Failing to complete this step will result in your participation being considered invalid.
Only your main trading account can be used for this event. Sub-accounts are not eligible to participate, and any trading activity or profits generated by them will not be counted towards your main account's performance.
Eligibility Criteria: Assets and Trading Volume
To have your performance counted, you must meet two critical benchmarks during the competition period.
Asset Qualification Standard
Your trading account balance must reach a minimum of 100 USDT at any point during the event. This threshold is the starting point for your participation to be recognized.
Trading Volume Standard
Your total trading volume on USDT perpetual contracts must reach at least 200,000 USDT. Only trading activity from your own funds is counted. Volume generated using platform incentives, such as rebate cards or trial vouchers, is excluded from this calculation.
Users who fail to meet both of these standards by the end of the event will be removed from the final leaderboard.
Understanding the Profitability Calculation
Your ranking is primarily determined by your profitability rate, a metric calculated using a specific formula.
The Core Formula
Profitability Rate = Profit / (Initial Capital + Total Deposits) * 100%
To understand this, you need to know how each component is defined.
Breaking Down the Formula Components
- Profit: This is calculated as [Unrealized P&L + Realized P&L - Initial Unrealized P&L].
- Initial Capital: This refers to the USDT balance in your trading account during the first five minutes of the competition period or your participation time, whichever is later. Withdrawals or losses from your account after this initial window do not affect this starting value.
- Total Deposits: This is the sum of:
(a) All USDT transferred from your non-trading account to your trading account during the event.
(b) USDT obtained by selling assets on the spot market through your trading account.
(c) USDT acquired through contract trial vouchers.
Similar to initial capital, subsequent withdrawals or losses do not reduce this total deposit amount. - Initial Unrealized P&L: This is the value of any open positions you hold in USDT perpetual contracts at the very start of the competition period.
Special Calculation Rules
A crucial rule applies if your combined Initial Capital and Total Deposits are below the 100 USDT asset qualification threshold. In this case, the denominator for your profitability calculation will be the 100 USDT threshold itself, not your actual starting sum. Once your assets meet or exceed 100 USDT, the calculation will use your actual (Initial Capital + Total Deposits) as the denominator.
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Illustrative Calculation Examples
Let's look at a few scenarios to see how the calculation works in practice.
- Example 1: User A starts with 360 USDT and makes no additional deposits. They generate a profit of 700 USDT, and their account reaches 1000 USDT. However, since their starting sum (360 USDT) is below the 100 USDT threshold, the 100 USDT figure is used as the denominator. Their rate is (700 / 100) * 100% = 70%.
- Example 2: User A starts with 360 USDT and deposits an additional 700 USDT. Their starting sum is now 1060 USDT, which is above the threshold. Their profit of 700 USDT is now divided by 1060 USDT, yielding a rate of approximately 66.04%.
- Example 3: User B starts with 200 USDT and makes no deposits. They generate a profit of 700 USDT, and their account grows to 900 USDT. For rate calculation, the 100 USDT threshold is used: (700 / 100) * 100% = 70%. However, since their final asset balance (900 USDT) is still below the 100 USDT qualification standard, they would need to deposit more to become eligible for rewards.
Frequently Asked Questions
Q1: Can I participate if I found a link to this event from a friend or social media?
A: No, participation is strictly limited to users who receive a direct invitation via the event card on their platform homepage. Access through shared links will not grant eligibility.
Q2: Why is my sub-account's trading volume not counting towards the goal?
A: This event is designed for main accounts only. All activity, including trading volume and profit calculations, is isolated to the main account. Sub-account data is completely excluded.
Q3: What happens if I briefly reach 100 USDT but then my balance drops?
A: The asset qualification standard requires your balance to hit the 100 USDT threshold at any single point during the event. Once achieved, you have met that requirement, even if your balance later falls below it.
Q4: Are all types of trades counted towards the 200,000 USDT volume?
A: No, only trading volume generated on USDT-margined perpetual contracts qualifies. Volume from other contract types or spot trading does not count towards this goal.
Q5: How are profits from open positions at the start of the event handled?
A: The "Initial Unrealized P&L" of any positions you hold when the event begins is subtracted in the profit formula. This ensures that only the new gains made during the competition period are counted.
Q6: Where can I check my progress on the eligibility criteria and ranking?
A: You should monitor your status directly on the event page, which will typically display your current trading volume and estimated ranking based on the rules outlined.