The Bingbon Xmas Team Trading Contest will take place from Dec. 21 00:00 to Dec. 31 23:59 (GMT+8). During the event, users can sign up to join a trading team, and trade together to contribute to the team rankings to win a share of 400,000 USDT in prizes!
Event Schedule
- Leader Recruitment
December 21 — 24 (UTC+8) - Team Member Recruitment
December 21 — 30 (UTC+8) - Contest Period
December 24 — 31 (UTC+8)
Event Rules
- Total Prize Pool
The Bingbon Xmas Team Trading Contest, with amazing prizes of up to 400,000 USDT prize pool!
2. Reward Rules
Team Rewards
Teams are ranked by total profit ratio in the contest.
Total Profit Ratio = Sum of the Team Members’ Profit Ratio
Member Rewards within Each Team
- During the contest period, team members whose trading volume reaches 40,000 USDT (leverage included) will share the ranking rewards of their teams while members with negative profit ratios will not join the prize pool share.
- Team members who meet the conditions of prize pool sharing will split the team rewards according to the ratio of their positive profit ratio to the sum of the team members’ positive profit ratio.
Profit Ratio Ranking
- Profit Ratio of Each Member = [Net Asset Value at Settlement- Other Incomes — ( Initial Net Asset Value + Deposits) + Withdrawals] / (Initial Net Asset Value + Deposits)
Initial Net Asset Value: Net Asset Value at the beginning of the Contest Period (Unrealized P&L included)
Net Asset Value at Settlement: Net Asset Value at the End of Contest Period (Unrealized P&L included)
2. Cumulative Profit Ratio of Each Team = Sum of the Team Members’ Profit Ratio
(Bingbon reserves the right of final interpretation of this event. If cheating, trading in both directions simultaneously, high-frequency trading, using multiple accounts, etc. are detected, the corresponding contest qualifications will be removed.)
Event Description
Team Creation Rules
- During the team leader recruitment period, Bingbon will send targeted invitations to well-known traders globally for them to create their own trading team. Bingbon users can also apply to join the contest as a team leader after filling in the Team Leader Application Form and submitting it.
- Users should contact leaders to join closed teams via invitation codes, otherwise, users can join open teams freely.
- The number of team members needs to be at least 5 for successful entry into the contest as a team.
- The team leader can continue to invite new members after the contest starts; new members can join the contest when their assets meet the conditions.
- Apply to create a team on December 21st.
Team Enrollment Rules
- Each participant must upgrade their contract trading account to join a team and can only join 1 team.
- Only users with account balance ≥ 100 USDT can join the contest.
- A 20 USDT (10x) bonus will be issued to accounts of users with a valid entry into the contest at the end of the event.
- Only members with trading volume ≥ 40,000 USDT (leverage included) and positive profit ratios can join the prize pool share during the contest.
Reward Distribution
- The rankings will be displayed on the campaign page.
- The rewards will be distributed within 7 working days after the results of the contest are announced.
- Users who win rewards are required to complete KYC authentication within 7 working days after the contest, otherwise they are deemed to have waived the reward.
- The validity period of the bonus issued for the event registration is 3 days, which will be distributed to valid members after the event.
FAQs
Q: How do I join the contest?
A: You can join the contest after clicking “Join Now” on the event page.
Q: Can I change my team?
A: Before the contest period, users can change teams by themselves. After changing teams, they will not be able to join the former teams; Users will not be able to change teams after the contest starts.
Q: When will my reward be distributed?
A: Your reward will be distributed to your account on Bingbon within 7 working days after the results of the contest are announced. You can directly withdraw it from your account.
Risk Warning:
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before participating in contract trading, investors must
