Leading up to the holiday season, the BingX team is here to announce a new Christmas event filled with fun surprises!!
Event Schedule: 00:00 Nov 26, 2021–00:00 Dec 26, 2021 (UTC+8)
Event Details
1. Check in to Win Christmas Surprise Boxes
1) Check-in consecutively for 1, 3, 7, 15 & 20 days to get Christmas Surprise Boxes that contain a bonus prize, with a possibility of obtaining Christmas NFT Shards. Users can later merge these shards to obtain an exclusive BingX NFT. Obtain all 5 NFTS and exchange them for up to 1000 USDT!
Note: If you miss a day, your daily check-in will be reset; So make sure you don’t miss out on any days!
a. The Surprise Boxes in this check-in event can be claimed repeatedly. But the higher the streak you have, the better the rewards you’ll be getting from these boxes.
Example: User A checked in for 6 days consecutively and got the Surprise Boxes on Day 1 and Day 3. However, user A missed the daily check-in on Day 7, resulting in a reset of the daily check-in counter. When user A checks in again on another day, user A will be able to get the Day 1 Surprise Box again.
2. Trade to Win Christmas Surprise Boxes
Christmas Surprise Boxes will be unlocked to users whose cumulative trading volume hits a certain level during the whole duration of the event. (Surprise Boxes for each milestone can only be obtained once)
Note:
a. The statistics of trades with a holding period of less than 1 minute and trades performed by using bonuses are excluded.
b. Only USDT-margined Contract trades are included in the statistics of this event.
3. Trading Competition (Individual Rankings)
(available only upon successfully Signing-up)
1) Sign-up Notes
To participate in the Individual Rankings, please read the following tips carefully.
a. There are two separate rankings for this Individual Match, Profit Rate Rankings and Profit Rankings.
b. All deposits and withdrawals during the event will impact the statistics of users’ profit rate.
c. The prizes of Individual Rankings will be issued within 48 hours after the event.
d. BingX reserves the right to disqualify any users involved in unfair activities, including but not limited to: multiple accounts, impersonation, malicious manipulation.
2) Terms & Conditions
a. Event Start Date: 00:00 Dec 11, 2021 (UTC+8)
Event End Date: 00:00 Dec 26, 2021 (UTC+8)
b. Sign-up is required to join this event. Users will get a bonus if they sign up successfully before the event starts.
c. The statistics of trades with a holding period of less than 1 minute and trades performed by using bonuses are excluded.
d. This Individual Match is separated into Profit Rate Rankings and Profit Rankings. Prizes will be issued based on the final ranking lists.
Profit Rate Ranking Calculation
a. Profit Rate = [Net Assets at Settlement — Other Incomes — (Initial Net Assets + Deposits) + Withdrawal] / (Initial Net Assets + Deposits).
b. Initial Net Assets: The users’ NAV at the starting point of the event (unrealized PnL included).
c. Current Net Assets: The users’ NAV at the ending point of the event (unrealized PnL included).
d. Deposits: Accumulated deposits during the event, which includes deposits, transfer, exchange, invitation commission, and bonus profits.
Note: Only USDT-margined Contract trades are included in the statistics of this event
Prize List
Profit Rate Rankings (TOP10)
Total Profit Rankings (TOP10)
(The prizes of Individual Rankings will be issued within 48 hours after the event）
Any users involved in unfair activities, such as using multiple accounts or impersonation, will be removed.
BingX reserves the right to the final interpretation for this event.
4. Trading Competition (Team Rankings)
1) Event Start Date: 00:00 Dec 11, 2021 (UTC+8)
Event End Date: 00:00 Dec 26, 2021 (UTC+8)
2) Sign-up Notes
Users can choose to build/ join a team in the Team Rankings; the decision is irrevocable. A minimum of 5 members is required to start a team. Team Rankings will be based on the total team profit, and prizes will be issued based on the final Ranking.
a. Team Leader Requirements: Account Assets ≥ 100 USDT and a total trading volume > 5,000 USDT from the start point of sign-up to the start point of the Team Rankings.
b. Leaders of the Top 50 teams in terms of member number will be awarded the limited edition of BingX NFTs.
c. The team with less than 5 members will be disbanded automatically once the event starts, and the users will not be able to join another team thereafter.
d. After joining a team successfully, users cannot change their team or quit the original team.
3）Event Details
The statistics of the Team Rankings will include all positive profit generated from the members.
Prize List
20% of the prize pool will be allocated to the leader. The remaining 80% will be shared among the team ( leader included) according to the ratio of a member’s positive profit amount to the sum of the team members’ positive profit amount.
Team Profit Calculation
Team Profit Amount = All positive profit generated from the team members
Member Profit Amount = [NAV (Unrealized PnL included) — Initial Net Assets (Unrealized PnL included) + Cumulative Withdrawal during the Event — Cumulative Deposit during the Event]
Deposit: Cumulative Deposit during the Event (including transfer, bonus, fee, asset exchange)
Withdrawal: Cumulative Withdrawal during the Event (including all withdrawal and asset exchange)
Initial Net Assets: The net assets in the user’s Standard Contract Account at the starting point of the event.
How to Join a Team?
All registered users can join any team by simply clicking the “Join” button on the Teaming Rankings page.
Please note after joining a team successfully, users cannot change their team or quit the original team.
The team with insufficient members will be alerted 24 hours before the event starts. Any teams with less than 5 members will be disbanded automatically 10 minutes before the event begins.
Disclaimer: The market analysis provided by any team leaders does not represent the official opinion of BingX. BingX will not be liable for any losses incurred by any team member.
How to Become a Leader?
Click the “Build My Own Team” button on the Teaming Rankings page to create your own team.
You can invite friends to join your team via the invitation link once you have successfully started a team.
If your team has less than 5 members, it will be disbanded automatically 10 minutes before the event starts.
5. My NFT
1）Limited Edition NFTs
The limited edition of 500 BingX NFTs and 100 BingX Christmas NFTs will be issued for this event, obtainable via Surprise Boxes or Individual Rankings Prizes. Additionally, the NFTs can be exchanged into USDT at the official buyback rate or withdrawn to the users’ wallets. (buyback or withdrawal of NFTs to your wallet will end within 48 hours after the event. Please perform the mentioned transactions in time.)
BingX NFT Specification
2）NFT Introduction
NFT means Non-Fungible Token. It is collectible and has a transaction value.
Common tokens such as BTC, ETH are fungible. There is no difference between each BTC or ETH and they are interchangeable. In contrast, the significant feature of NFT is that each NFT has a unique and sole identifier, which is non-interchangeable.
Due to the irreplaceable characteristics of each NFT, it has a collection and transaction value. NFT is gradually receiving more and more attention, with very practical and potential application prospects in the field of games, collectibles, artwork, identity, etc.
FAQ
Q1: How to Check-in?
A: Go to the event’s page, hit the “Check-In” button on the popup to check-in successfully, and get the corresponding reward.
Q2: What if I break my daily check-in streak?
A: If you miss a day, your daily check-in will be reset. Users can claim the corresponding Surprise Box in this check-in event repeatedly.
Q3: How to calculate my cumulative trading volume?
A: Users whose cumulative trading volume hits a certain level will win the Christmas Surprise Boxes. The trading data are updated 1 minute after a position is opened. Please note the statistics of trades with a holding period of less than 1 minute and trades performed by using bonuses are excluded.
Q4: Can I withdraw funds during the event?
A: There are no restrictions on deposit, withdrawal, and asset exchange during the event. However, your profit rate may be affected by the mentioned transactions. Please be aware of possible impacts on your ranking.
Q5: Can I win both the individual and team ranking rewards?
A: Yes.
Risk Warning:
Trading digital assets and their derivatives is highly leveraged and risky and may result in partial or total loss of account funds. Before conducting spot/contract trading, investors must ensure that they understand the nature and rules of spot/contract trading, and decide whether to participate in spot/contract trading based on their investment experience, goals, financial status, and ability to bear risks.
Christmas Surprise Boxes will be unlocked to users whose cumulative trading volume hits a certain level during the whole duration of the event. (Surprise Boxes for each milestone can only be obtained once)
Note:
a. If you miss a day, your daily check-in will be reset; So make sure you don’t miss out on any days!
b. The Surprise Boxes in this check-in event can be claimed repeatedly.But the higher the streak you have, the better the rewards you’ll be getting from these boxes.
Example: User A checked in for 6 days consecutively and got the Surprise Boxes on Day 1 and Day 3. However, user A missed the daily check-in on Day 7, resulting in a reset of the daily check-in counter. When user A checks in again on another day, user A will be able to get the Day 1 Surprise Box again.
2）Trade to Win Christmas Surprise Boxes
Christmas Surprise Boxes will be unlocked to users whose cumulative trading volume hits a certain level during the whole duration of the event. (Surprise Boxes for each milestone can only be obtained once)
