Win a Share of 3,000,000 USDT at Huobi Derivatives Trading Contest!

Event schedule:

Derivatives Trading Contest

Jul 17, 2022 12:00:00 -Jul 29, 2022 12:00:00 (UTC)

1. Refer friends and get rewards

Jul 17, 2022 12:00:00 - Jul 29, 2022 12:00:00 (UTC)

2. Team Challenge

Team-up period

Jul 17, 2022 12:00:00 - Jul 23, 2022 12:00:00 (UTC)

Competition period

Jul 23, 2022 12:00:00- Jul 29, 2022 12:00:00 (UTC)

3. Individual Challenge

Jul 23, 2022 12:00:00 - Jul 29, 2022 12:00:00 (UTC)

 

Eligibility:

To qualify for this event, users must achieve a cumulative derivative trading volume of at least 1,000 USDT (equivalent) in the last 30 days before signing up.

Users need to click "Register now" in the event's link to participate in the event.

Participants must complete ID verification before the end of the event to be eligible for rewards.

 

Applicable category: USDT margined contracts (cross and isolated margin trading pairs)

 

Variable prize pool:

For each challenge, the amount of the prize pool will vary according to the total number of participants. The higher the number of participants, the greater the prize pool. The total prize pool can be up to 3,000,000 USDT!

 

Participating

teams 

Prize pool for

Team Challenge

Prize pool for

Individual Challenge

0-150

120,000

30,000

151-350

240,000

60,000

351-550

480,000

120,000

551-750

800,000

200,000

751-950

1,200,000

300,000

>950

2,400,000

600,000

Total prize pool

3,000,000 USDT

 

Event 1: Refer friends and get rewards: Win limited-edition badges and USDT awards!

During the event, contestants can get rewarded for referring their friends if they meet the following criteria:

Each contestant can win 5 badges and a 5 USDT coupon by inviting 5 valid new users. Up to 120 badges and an 80 USDT coupon can be won per contestant.

*Valid new users refer to those who have registered on Huobi, completed ID verification, and signed up for the contest during the event via the referral link.

 

Number of new users invited

Badges

Coupon (USDT)

5

5

5

10

20

15

20

60

40

30

120

80

 

Each contestant can get 5 badges by inviting 5 valid existing users. Up to 120 badges can be won per contestant.

*Valid existing users refer to those who signed up for the contest during the event via the referral link.

Number of existing users invited

Badges

5

5

10

20

20

60

30

120

 

Event 2: Team Challenge: Emerge strongest squad and win a share of 2,400,000 USDT!

Event schedule:

Registration period: Jul 17 12:00:00-Jul 23 12:00:00 (UTC)

Competition period: Jul 23 12:00:00-Jul 29 12:00:00 (UTC)

Eligibility:

To register for the competition and compete as a team, each member (including the team leader) must have a net derivative asset of no less than 3,000 USDT (equivalent).

Applicable category: USDT margined contracts (cross and isolated trading pairs)

Reward requirements:

During the contest, teams that trade any USDT-M contracts will be ranked according to the team's total PnL.

Team's PnL refers to the total PnL of the top 10 members in an eligible team during the contest. The top 10 teams will share the prize pool according to their rankings.

Participants must complete ID verification before the end of the event to be eligible for rewards.

How to form a team:

Each team must consist of at least 20 members to be eligible for the Team Challenge.

(1) Each team must designate a team leader.

(2) The designated team leader should click "Sign up to be a team leader" to create a team and submit the team's information.

(3) The team application will be reviewed within 24 hours. Once the application is approved, the team leader can invite fellow members to join the team by sharing the link or the QR code.

(4) Team members can join any team they want on the event page of Derivatives Trading Contest.

(5) If a team leader fails to recruit at least 20 members 24 hours before the start of the competition, the team will be automatically disbanded. The team leader and the team members can choose to join another team.

(6) Once a member joins a team, they cannot change to another team unless the team that has less than 20 people is automatically disbanded.

*Participants competing in the Team Challenge can also register for the Individual Challenge.

Team Challenge prize pool:

(1) Reward distribution among the winning teams: Teams that meet the cumulative trading volume requirement will be ranked according to their total PnL (Only the positive PnL from the 10 best-performing members are counted). The top 10 teams will share the prize pool according to their rankings.

Team ranking

Team reward

Cumulative trading volume

1st

40% of the Team Challenge prize pool

≥200,000,000 USDT

2nd

20% of the Team Challenge prize pool

≥150,000,000 USDT

3rd

10% of the Team Challenge prize pool

≥100,000,000 USDT

4th-10th

30% of the Team Challenge prize pool to be equally shared

≥80,000,000 USDT

 

(2) Reward distribution among team members: Within a winning team, the team leader is entitled to 10% of the team's reward. The remaining amount will be distributed to all team members (including the team leader) according to their PnL rankings.

Role in the team

Reward

Team leader

10% of the team's reward

1st place (Team PnL)

30% of the team's reward

2nd place (Team PnL)

20% of the team's reward

3nd place (Team PnL)

10% of the team's reward

4th-10th places

30% of the team's reward will be shared in proportion to the member's PnL

Note: Individual members ranked from 4th to 10th place can only share at most 10% of the reward

 

(3) Rewards for inviting participants to team-up for the Team Challenge:

After a team is formed (20 people in total), the team leader will receive a 100 USDT bonus for every additional 20 people invited to the team. The additional members are to meet the individual trading volume requirement of up to 100,000 USDT during the contest. The referral bonus is capped at 400 USDT.

Members who were disbanded from their original teams and randomly assigned to their current team are not counted towards the invitation count.

Terms and conditions:

(1) Only teams with a positive PnL and whose trading volume meets the requirement are eligible to claim the rewards based on their rankings.

(2) In the event of a tie between two or more teams in terms of PnL, the team with a higher trading volume shall be the winner.

(3) PnL = Account's final net value (incl. unrealized PnL) - beginning net value (incl. unrealized PnL) + amount withdrawn during the contest - amount deposited during the event.

Event 3: Individual Challenge: Rise to be the top trader and win a share of 600,000 USDT!

Event schedule:

Registration period: Jul 17 12:00:00-Jul 29 12:00:00 (UTC)

Competition period: Jul 23 12:00:00-Jul 29 12:00:00 (UTC)

Applicable category: USDT margined contracts (cross and isolated margin trading pairs)

Reward requirements:

There are two sub-contests in the Individual Challenge: Cumulative Trading Volume Contest and PnL Ratio Contest.

Top 10 individual participants who trade any USDT-M contracts and reach the cumulative trading volume requirement or PnL ratio requirement will be eligible to share this challenge's prize pool.

Reward of Cumulative Trading Volume Contest: 80% of the Individual Challenge's prize pool.

Reward of PnL Ratio Contest: 20% of the Individual Challenge's prize pool.

 

The distribution of Individual Challenge rewards is as follows:

(1) Reward distribution of Cumulative Trading Volume Contest (CTVC):

Individual's rank in terms of cumulative trading volume

Individual reward

Cumulative trading volume

1st

40% of the CTVC's prize pool

≥100,000,000 USDT

2nd

20% of the CTVC's prize pool

≥50,000,000 USDT

3rd

10% of the CTVC's prize pool

≥30,000,000 USDT

4th-10th

Equal share of 30% of the CTVC's prize pool

≥10,000,000 USDT

Note: Individual participants ranked from 4th to 10th place can only share at most 10% of the reward

 

(2) Reward distribution of PnL Ratio Contest (PRC):

Individual's rank in terms of

PnL ratio

Individual reward

Requirement

1st

40% of the PRC's prize pool

Cumulative trading volume ≥200,000 USDT, and cumulative PnL during the competition period ≥1,000 USDT

2nd

20% of the PRC's prize pool

3rd

10% of the PRC's prize pool

4th-10th

Equal share of 30% of the PRC's prize pool

Note: Individual participants ranked from 4th to 10th place can only share at most 10% of the reward

 

Terms and conditions:

(1) Only contestants whose PnL are positive and whose trading volume meets the requirements are eligible to be rewarded based on their rankings.

(2) For the PnL Ratio Contest and Trading Volume Contest, when there is a tie between two or more contestants in terms of their PnL ratio or trading volume, their ranks will be further determined by their cumulative PnL.

(3) PnL Ratio (%) = PnL / (Account's beginning net value + deposits during the event) * 100%

(4) Cumulative trading volume = Opening positions + Closing positions (Total trading volume of USDT-M contracts during the contest period).

(5) Only transactions with fees incurred will be counted towards valid trading volume. Transactions with 0 or negative fees by market makers do not qualify.

(6) Users can be rewarded from both Trading Volume Contest and PnL Ratio Contest concurrently.

(7) Sub-accounts are not eligible to participate in this event.

 

Disclaimer

(1) Any participants who show any signs of fraudulent behaviors such as volume manipulation, matched orders, operation of multiple accounts, and self-trading will be disqualified.

(2) Any participants found to be using the same trading strategy as others will be disqualified.

(3) Any participants who open and close orders frequently within minutes will be disqualified.

(4) If multiple accounts are detected to be operating from the same IP addresses, all users under the same IP address will be disqualified.

(5) Users from some countries and regions are not qualified to participate in the contest due to local compliance requirements. If such users are found to have bypassed the platform's restrictions through technical means, Huobi Global reserves the right to ban the accounts or freeze the assets.

(6) Huobi reserves the right of final interpretation for all aspects of the events.

 

Reward issuance

The rewards will be distributed to the users' Derivatives accounts within 10 working days after the end of the events.

Huobi Global reserves the right at its sole discretion to amend and/or change these terms and conditions at any time without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done. All participants shall be bound by these amendments.

 

Huobi Global

July 18, 2022

 

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