MEXC Will Launch April Futures Competition: Soaring to New Heights, With an 8 Million USDT Prize Pool (April 11)
Dear MEXCers,
In appreciation of your continued support, MEXC will be launching the April Futures Competition: Soaring to New Heights, where both new and existing users are welcome to participate and share the grand prize worth up to 8 millionUSDT.
Event Timeline
Registration Period: 09:30, April 11 - 14:55, April 25 (UTC)
Competition Period: 15:00, April 11 - 14:59, April 25 (UTC)
Participation Criteria
Users with total futures account equity ≥ 200 USDT at the time of registration will be eligible for the competition. The platform will review the eligibility of registered users before the commencement of the competition. Those who are considered ineligible may register again after transferring sufficient assets to their futures accounts.
Total Prize Pool:
No. of Participants | Total Prize Pool / USDT |
＞0 | 500,000 |
＞10,000 | 1,000,000 |
＞20,000 | 2,000,000 |
＞30,000 | 3,000,000 |
＞40,000 | 5,000,000 |
＞50,000 | 8,000,000 |
Activity 1: Spin the wheel and grab futures bonuses worth 35% of the total prize pool. First come, first served!
For every 75,000 USDT accumulated in daily trading volume, participating users will receive 1 chance to spin the wheel (max. 3 chances every day) and win a share of the futures bonus pool. The bonus amount is randomized, while redemption lasts. The number of chances to spin the wheel resets at 14:59 (UTC) daily. Users may continue to trade on the following day to receive chances to spin again.
Amount / Bonus | Reward Type |
2024 | Fixed amount |
800 | Fixed amount |
500 | Fixed amount |
200 | Fixed amount |
51-100 | Randomized within the range |
11-50 | Randomized within the range |
6~10 | Randomized within the range |
1-5 | Randomized within the range |
Activity 2: Pass the checkpoint challenges to claim daily challenge rewards with up to 90% successful claim rate!
After the start of the competition, participants will be able to receive the corresponding reward when their daily trading volume meets the checkpoint requirement. The rewards will only be available on that day and distributed the next day. The opportunity to receive the reward will expire at 14:59 (UTC) on the same day.
Trading Volume Checkpoint / USDT | 300,000 | 800,000 | 1,200,000 | 1,500,000 | 1,800,000 | 2,000,000 |
Bonus / USDT | 3 | 7 | 10 | 12 | 14 | 20 |
Activity 3: Top both rankings to share the grand prize worth 35% of the total prize pool
During the event, users who trade USDT-M perpetual futures trading pairs and accumulate a corresponding trading volume of ≥ 20,000 USDT will be ranked separately by their PNL amount and daily trading volume. The prize pool allocation is as follows:
1) PNL Amount Ranking Reward worth 10% of the total prize pool:
Rank | Reward Allocation | |
1st | 20% | |
2nd | 15% | |
3rd | 8% | |
4th | 5% | |
5th | 3% | |
6-15th | Share 9.5% based on proportion of trading volume + Share 9.5% based on proportion of PNL amount. Reward per user is capped at 5% of the PNL Amount Ranking prize pool. | |
16-30th | Share 10% based on proportion of trading volume + Share 10% based on proportion of PNL amount. Reward per user is capped at 3% of the PNL Amount Ranking prize pool. | |
31-50th | Share 5% based on proportion of trading volume + Share 5% based on proportion of PNL amount. Reward per user is capped at 3% of the PNL Amount Ranking prize pool. | |
*In the event that two participants produce the same PNL amount, the participant with the higher trading volume will be ranked above the other.
2) Daily Trading Volume Ranking Reward in futures bonuses worth 25% of the total prize pool:
During the event, participants ranked Top 200 in daily trading volume will share the prize pool on a daily basis according to the allocation below:
Rank | Reward Allocation | Trading Volume Requirement / USDT |
1st | 15% (Reward doubles if the trading volume exceeds 80 million USDT) | 40,000,000 |
2nd | 10% | 30,000,000 |
3rd | 8% | 25,000,000 |
4th | 5% | 15,000,000 |
5th | 3% | 9,000,000 |
6-20th | 14% (Share based on proportion of trading volume) | 6,000,000 |
21-50th | 10% (Share based on proportion of trading volume) | |
51-100th | 10% (Share based on proportion of trading volume) | 2,500,000 |
101-200th | 10% (Share based on proportion of trading volume) |
*For example: Leo's futures trading volume on an event day is 80 million USDT, and he ranks 1st in trading volume on that day. Assuming that the total prize pool unlocked is 1,000,000 USDT, and the number of event trading days is 14 days, then the event bonus reward he will receive: Total prize pool 1,000,000 USDT * 25% / 14 days * 15% * 2 = 5,357 USDT.
Reward Redemption Criteria
PNL amount requirement for Activity 3: Participants must attain trading volume ＞ 20,000 USDT with positive PNL amount to be eligible to share the prize pool.
PNL amount during the event = Realized PNL of positions opened during the event at the end of the event + Unrealized PNL of positions opened during the event at the end of the event
In the event that two participants produce the same PNL amount, the participant with the higher trading volume will be ranked above the other.
Reward Distribution Rules
Users must fulfill the stated criteria and complete the required steps to redeem their rewards.
Only the volume of futures trades with trading fee > 0 will be counted for this event.
Stay updated with the Daily Trading Volume Ranking: Telegram: https://t.me/MEXCEnglish | Twitter: https://twitter.com/MEXC_Official
All rewards from this event are stackable.
The daily trading volume ranking refers to the trading volume ranking at 14:59 (UTC) of the day.
The rewards for Spin The Wheel, Daily Challenge, and Daily Trading Volume Ranking will be issued within 24 hours after winning. The rewards for PNL Amount Ranking will be issued within 10 days after the end of the event.
The event bonuses are valid for 7 days.
Winners of PNL Amount Ranking must contact @Yui_MEXC and @Derrick_MEXC via Telegram to redeem their rewards. If you have any questions, please join the official Telegram group for consultation:https://t.me/MEXCEnglish.
Sub-accounts cannot participate in this event as independent accounts. During the final calculation, the PNL and trading volume of sub-accounts will be combined with the standard PNL and trading volume of the main account.
Disclaimer
Participants who are found to be involved in fraudulent activities such as wash trading, matched orders, multi-account operation, and self-dealing will be disqualified.
Participants who are found to be involved in identical trading strategies will be disqualified.
Participants who are found to have placed and canceled orders at a high frequency per minute will be disqualified.
Once multiple accounts are found to be registered under the same IP address, all users using that IP address will be disqualified.
Market maker accounts and institutional sub-accounts cannot participate in this event.
MEXC reserves the right of final interpretation of the event rules including, but not limited to, the above mentioned information regarding trading, funds, and risks of gang behaviors.
Each user is only allowed to participate in one individual competition during the event period. Participation in multiple individual competitions at the same time is prohibited.
Enjoy trading on MEXC!
MEXC Team
April 11, 2024