2. 2.A simulation trading user is regarded as a participant during the activity.
A. Contest Period:
1. 06:00 Nov 5 – 06:00 Nov 11, 2019 (UTC)
2.A simulation trading user is regarded as a participant during the activity.
How It Runs:
Types of futures contracts: BTCUSDT futures, ETHUSDT futures, and EOSUSDT futures.
Simulation fund trading: Each of the user’s BTCUSDT futures, ETHUSDT futures, and EOSUSDT futures accounts are deposited with 10,000 USDT as simulation fund during the trading simulation, totalling 30,000 USDT. The fund can only be used as margin deposit for USDT-margined futures trading, which cannot be transferred nor withdrawn. It will be automatically cleared after the trading simulation ends.
Group contest: The contest teams include non-API and API user groups. An API user means a user placing orders through API during the contest. A user placing orders through API is regarded as an API participant; while a user not placing orders through API is regarded as a non-API participant during the contest.
Ranking by yield for non-API user group: Non-API users are ranked based on their current yields during the contest. Current yield = current account equity - simulation fund (30,000 USDT)
Ranking by trading volume for API user group: API users are ranked based on their total trading volumes during the contest.
Individual contest: A trading simulation trader is regarded as a participant during the contest.
Non-API Users Award: 82,000 USDT
Yield ranking (Non-API users): Non-API participants are ranked according to the yields in their accounts during the contest. NOTE: A user who places any order through API is regarded as an API participant during the contest.
API Users Award: 18,000 USDT
Volume ranking (API users): API participants are ranked according to their trading volume during the period. NOTE: A user who places any order through API is regarded as an API participant during the contest.
All Users Award
All users can enjoy rebates of yields generated during trading simulation at a rate of account yield (rounded off to 2 decimals) X 0.1% after the contest ends. A single user can enjoy a rebate of USD$0.5 – USD$10.
D. Terms & Conditions
1.Users can receive rewards only after completing KYC2 verification and trading 50 USDT or more on OKEx Spot or Futures market by Nov 13, 2019 (UTC).
2.If a user uses more than one account during the trading simulation, only his master account can get rewarded.
3.The rewards are only available to the first 10,000 participants of the trading simulation.
4.If the yields made by two random users are the same, the user with the lower trading volume will be ranked higher.
5.The rewards will be credited to users’ USDT-margined futures accounts within 3 working days after the activity ends.
6.OKEx reserves the right to cancel the event or modify the rules anytime. 7.OKEx will strictly monitor users’ account and trading information. Any fraud or cheating behaviour will result in disqualification and account termination.