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      Football Cup Trading Competition rules

      OKX's logo OKX
      Competition Entry requirements
      All OKX users can register for the Futures team competition.

      Team PnL% Competition
      The Futures team competition is a team-based tournament. All participants must join a team before the competition begins. Otherwise, you will be assigned to a team at random.During registration, members can leave their current team and join another team. You will not be able to leave your team once the competition has started.The team leader can choose to dissolve the current team and join another team during registration. You cannot dissolve your team after the competition has started.The minimum team size is 10 people. If there are insufficient participants in a team at the start of the competition, the members will be randomly assigned to other teams.After the competition begins, users can only join teams via an invite link.

      Asset criteria and trading volume requirement
      Asset criteria: At the start of the competition, the user must have a Trading Account with at least 100 USDT at all times, which will be used to calculate the total prize pool amount. At the start of the competition, the user's Trading Account USDT USDC equity must be at least 100, and this data will be used to calculate the individual yield.Trading volume requirement: During the competition, the user must trade at least 10,000 USDT USDC perpetual futures contracts. This data will be used to calculate individual and team PnL%. If the trading volume does not meet the requirement, the result will be deemed invalid and not be accounted for in the ranking.

      Participating Contracts
      All USDT and USDC perpetual contracts

      Prize Pool
      The total prize pool is dynamic and adjusted according to the number of participants who have reached the asset criteria. The following are the guidelines for each prize pool.Team PnL% Competition prizes: 60% of the total prize pool will be divided among the top 10 teams. The winning team leader will receive 20% of the team prize, the top ten team members with the highest PnL% who meet the asset and trading volume requirements will receive 30%, and the remaining members who meet the trading volume requirements will receive 50%. The first team will receive 50% of the Team PnL% Competition prize pool, the second team will receive 20%, the third team will receive 10%, and the fourth to the tenth teams will each receive 2.857%.Solo PnL% Competition prize: 20% of the total prize pool will be divided among the top 10 participants. The system will calculate the profitability of the user's USDT and USDC perpetual contracts. The first player will receive 50% of the prize, the second player will receive 20%, the third player will receive 10%, and the fourth to the tenth player will each receive 2.857%.Solo Trading Volume Competition prize: 20% of the total prize pool will be divided among the top 10 participants. The system will calculate the trading volume of the user's USDT and USDC perpetual contracts. The first player will receive 50% of the prize, the second player will receive 20%, the third player will receive 10%, and the fourth to the tenth player will each receive 2.857%.Popular leader bonus: If the team reaches 20 members and all team members have met the asset and trading volume requirements, the team leader will receive additional USDT contract vouchers and NFT prizes worth up to 4,000 USDT.

      PnL% Formula
      Solo PnL% formulaSolo PnL% = profit / (initial equity total deposits) * 100%Profit = [unrealized gain/loss realized gain/loss - initial unrealized gain/loss] (including USDT and USDC perpetual contracts)Total deposits: USDT and USDC deposited to the Trading Account from other accounts during the competition, including spot salesInitial equity: At the start of the competition, the initial equity will be the USDT and USDC equity in the Trading Account. Subsequent transfers to other accounts may result in a lower profit.Initial unrealised gain/loss: If a user has a position in a USDT and USDC contract at the start of the competition, we will record any unrealised gain/loss as the initial unrealised gain/loss.Team Competition PnL% formulaTeam PnL% = Total PnL% of 10 team members with the highest solo PnL% / 10 (if any of the top 10 team members have not traded 10,000 USDT USDC or have a negative solo PnL%, they will be excluded from the calculations). If there are fewer than 10 qualifying team members, the average value will still be determined based on 10 people.

      World Cup predictions
      Users can earn bonus multipliers by participating in the World Cup predictions. Each match has different bonus multipliers, which can accumulate to as high as 2.0. The multiplier will be used to calculate PnL% and trading volume, where the user's base PnL% and trading volume are multiplied by the bonus multiplier to obtain the user's final result.

      Newcomer rewards
      1. The event will run from November 16 0:00 to December 13 0:00 (UTC 8)Only new users who registered through the Football Cup trading competition can participate in this event2. Rewards will be determined based on the amount of deposit and trading volume.3. Please refer to the campaign page for more details.4. Rewards will be given in the equivalent value of contract vouchers and will be awarded to users within 10 days after the competition ends. If withdrawals are made within seven days of the event, valid deposits will be recalculated, and the corresponding reward level will be updated.5. Valid deposits = total deposits - total withdrawals6. Internal transfers do not count as deposits

      Terms & Conditions

      Trading Contest Timeline
      • The campaign runs from November 15, 2022 to December 19, 2022 (GMT 8) (the “Campaign Period”) during which teams of at least ten (10) traders can compete for three separate prize pools, as further discussed below.
      • Scoring and results tabulation will be calculated from 15 November 2022 to 19 December 2022 (GMT 8).
      • Winner announcements and prize distribution will occur from 19 December 2022 to 31 December 2022 (GMT 8).
      • Prizes will be distributed within 14 business days after the Campaign Period activity ends.
      Trading Contest Requirements
      • All individuals and team members must pass or have previously passed OKX’s identity verification Level 2. Check your status and register your team here.
      • The team of at least ten (10) traders that trades the highest profit and loss percentage (P&L%) will be eligible to win up to $1,200,000 on or before December 19, 2022 (the “P&L% Prize”).
      • The individual trader who trades the highest individual profit and loss percentage (Individual P&L%) will be eligible to win up to $400,000 on or before December 19, 2022 (the “Individual P&L% Prize”).
      • The individual trader whose trades result in the highest individual profit will be eligible to win up to $400,000 on or before December 19, 2022 (the “Individual Profit Prize”).
      • OKX reserves the right to disqualify a user if they engage in inappropriate, fraudulent, or abusive activities during the competition (e.g., wash trading, volume faking, participating using multiple accounts, market manipulation, etc.).
      • If OKX’s risk control system detects similar trading strategies, only the participant with the highest P&L (%) or profit will be permitted to continue in the competition.
      • If OKX’s risk control system detects matched trading activities, all associated users will be disqualified from the competition. Users who cancel more than ten (10) orders per minute may be disqualified during the competition.
      • If a team leader from a top 10 team is disqualified, their share of the reward will be divided by the team's top 10 qualified members with a trading volume equal to or greater than 10,000 USDT.
      Promotion Requirements
      • The promotion starts on November 25, 2022 and ends on December 19, 2022 (GMT 8) (i.e., the Campaign Period noted above).
      • New OKX customers to (1) complete identity verification level 2, (2) deposit at least $300, and (3) trade at least the following minimum amounts to receive the following amounts (each a “New User Reward Gift”) (i) Deposit $300, Trade $30,000 => $5 Bonus; (ii) Deposit $1,000, Trade $30,000 => $15 Bonus; (iii) Deposit $3,000, Trade $30,000 => $50 Bonus; (iv) Deposit $10,000, Trade $50,000 => $180 Bonus; (v) Deposit $20,000, Trade $100,000 => $350 Bonus; (vi) Deposit $100,000, Trade $2,000,000 => $2,000 Bonus on or before December 19, 2022.
      • New or existing OKX customers (first-come, first-served; while supplies last) to complete identity verification level 2, and complete prediction available through this link (collectively, the “Prediction Promotion Conditions”) will be eligible to win a multiplier of their base P&L profit in the trading competition as follows: (1) for Group Matches during the football festival, a correct prediction earns participants a 0.01% reward multiplier; (2) a correct prediction in the quarter-finals earns participants a 0.03% multiplier; (3) a correct prediction in the, semi-finals earns participants a 0.05% multiplier; (4) a correct prediction in the 3rd or 4th match earns partcipants 0.1% multiplier; and (5) a correct prediction in the final earns participants a 0.2% multiplier. All in all, if a participant predicts correctly in all matches, they will earn a 2.0x multiplier. on or before December 19, 2022 (the “Quiz Gift”).
      • New or existing OKX customers (first-come,first served; while supplies last) to complete identity verification level 2, and refer new user(s) to OKX using thisand whose referrals then (1) create an account at OKX and complete know your customer level 2; (2) maintain their trading account with USDT/USDC equity greater than or equal to USD 100 in value; and (3) during the competition period trade 10,000 USDT or more of USDT/USDC perpetual futures contracts, will be eligible to win prizes (collectively, the “Referrral Gift”). Purchases must be made using a supported local currency, such as: US Dollar, Euro, Brazilian Real, or Singapore Dollar and. fiat funds converted from crypto assets deposited into user accounts cannot be used. (collectively, the “Referral Promotion Conditions”) New users are eligible to win a $10 UST fee rebate card (the “New User Referral Gift”). Existing users are eligible to win $10 USD rebate card and a $10 USD perpetual swap voucher.
      • Gifts will be distributed within 14 business days after the promotion period activity ends.
      • The above promotions are all on a first-come, first-served basis.
      Additional Terms and Disclaimers
      • This campaign excludes residents from the following jurisdictions: Hong Kong, Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, the United States of America — including all U.S. territories, such as Puerto Rico, American Samoa, Guam, Northern Mariana Island and the U.S. Virgin Islands (i.e., St. Croix, St. John and St. Thomas), Canada, Bangladesh, Indonesia, Vietnam, Bolivia, Ecuador, Kyrgyzstan, Botswana, Ghana, Kenya, Nigeria, Switzerland, South Africa, Zimbabwe and Malta.
      • Limit one (1) gift or prize per recipient.
      • Sub-accounts will not be eligible to participate or receive any rewards.
      • Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of Gift are the sole responsibility of the individual Gift recipient.
      • Rewards will be locked-up for 90 days and become eligible for withdrawal once the lock-up period expires. During this lock-up period, Customers cannot withdraw Gifts (or equivalent) from their OKX accounts. If your OKX account is closed for any reason during the 90 day lock-up period, the Gift is deemed canceled in full.
      • Please note that the value of the prize may fluctuate during the 90-day lock up period discussed above and may not be equal in value at the time a recipient has the ability to withdraw based on market fluctuation. Prices of digital assets, including stablecoins, can and do fluctuate at any moment. Due to such price fluctuations, you may increase or lose value in your assets at any given moment.
      • OKX reserves the right to exclude any participants from this promotion and/or cancel this promotion without notice.
      • OKX reserves the right to interpret the terms and conditions of this promotion as it sees fit, and reserves the right to change or modify these terms and conditions at any time.
      • Please see the OKX Terms of Service for more information.
      • OKX is not responsible for technical, pictorial, typographical, or editorial errors or omissions. For more information, go to www.okx.com © OKX. All rights reserved.
      Read the original article at okex

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