Gate.io announces futures trading contest with up to $5 million prizes

In the past nine years, Gate.io has consistently ranked at the top in terms of global trading volume. The beginning of this remarkable achievement can be traced back to April when cryptocurrency was not even trending yet, and the founder of Gate.io was writing the first line of code for what would later be known as “one of the first, most secure and reliable crypto exchanges in the world”.

Gate.io has announced the World Cup Trading Competition (WCTC) – a Futures trading competition with a potential prize pool of up to $5 million. The contest is part of the exchange’s 9th birthday celebrations, which started earlier this June.

Since its ‘launch’ in 2013, Gate.io has grown to offer a wide range of products and services with over 1,400 coins and tokens available on the main exchange, serving over 10 million users all around the world. Early registration for WCTC opened on May 27, with the contest officially starting on June 10 and running until July 1.

The contest will offer users to participate as individuals or as a group – 5 or more members are required to be eligible. Users will need to register for the event before registration closes on June 28, in order to compete for a prize pool of up to $5 million, depending on the number of participants in the contest.

Participation rules:

• The troop showdown accounts for 80% of the total prize pool, sharing up to $4,000,000; teams participating will be ranked according to their earnings amount and earnings rate. Ranking by earnings amount accounts for 80% of the team competition prize pool, and ranking by earnings rate accounts for 20% of the team competition prize pool.

• The solo showdown accounts for 20% of the total prize pool, sharing up to $1,000,000; individuals participating will be ranked according to their earnings amount and earnings rate. Ranking by earnings amount accounts for 80% of the individual competition prize pool, and ranking by earnings rate accounts for 20% of the individual competition prize pool.

• Lucky draw, with a 100% winning rate; all the valid trading users who participate (either in a team or individual competitions) will receive 1 lucky draw chance for every 50,000 USDT increase in the cumulative futures trading volume, with a 100% winning rate, up to 5 draw chances per person.
  please refer to the activity announcement for more details.

Gate.io Perpetual Contract Trading gives users the opportunity to trade with up to 100x leverage on Bitcoin (BTC) and up to 20x leverage on hundreds of other popular cryptocurrencies such as ETH, EOS, LTC, etc. in both buy and sell positions. Teams or individuals will need to trade a minimum of $200 with the aim of generating the highest percentage or highest total return on their investment to win.

The Gate.io’s broader 9th birthday celebration has seen the company hand out multiple prizes including a 999g solid gold brick and a free chance for one space trip. Gate.io has also announced a brand new logo and brand identity as part of its refresh, which aims to highlight the platform’s commitment and focus on the crypto market. rapidly developing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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