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Huobi Group

How to Participate in the Huobi Derivatives Trading Contest and Win a Share of 3 Million USDT!

Huobi Global today announced the launch of its Derivatives Contest, an event aimed at promoting trading and risk hedging. The contest will take place on its derivatives trading platform Huobi Futures from July 17 to July 29, 2022. Users will be able to share a prize pool worth 3 million USDT by participating in the contest.

The contest consists of three independent events:

🔹Event Schedule:

🔹Qualifications:

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.

🔹Designated contracts: USDT-margined contracts (both cross and isolated margin mode are supported)

🔹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!

🔹Event 1: Refer friends and get rewards

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.

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

Note:1. 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.2. Valid existing users refer to those who signed up for the contest during the event via the referral link.

🔹Event 2: Team Challenge

When:

Join Jul 17 12:00:00-Jul 23 12:00:00 (UTC)

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

Total Prize Pool: 2,400,000 USDT

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

Designated contracts :USDT-margined contracts (both cross and isolated margin mode are supported)

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.

➡️Trade on Huobi Futures:

🔹How to form a team:

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

● Each team must designate a team leader.

● The designated team leader should click “Sign up to be a team leader” to create a team and submit the team’s information.

● 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.

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

● 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.

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

Please note that participants who have participated in the Team Challenge can also register for the Individual Challenge.

🔹Team Challenge prize pool:

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.

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.

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.

One thing needs to note is that members who were disbanded from their original teams and randomly assigned to their current team are not counted towards the invitation count.

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.

🔹How to calculate PnL? 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

When

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

Competition period: Jul 2312:00:00-Jul 29 12:00:00 (UTC)

Total Prize Pool: 600,000 USDT

Designated contracts : USDT-margined contracts (both cross and isolated margin mode are supported)

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 prize pool. Here’s how the prize pool divided for the two contests:

The distribution of Individual Challenge rewards is as follows:

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

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

Please note that 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. What’s more, users can be rewarded from both Trading Volume Contest and PnL Ratio Contest concurrently.

PnL Ratio (%) = PnL / (Account’s beginning net value + deposits during the event) * 100% Cumulative trading volume = Opening positions + Closing positions (Total trading volume of USDT-M contracts during the contest period). To understand how to trade USDT-margined contracts, click here.

To participate in the contest, click here.

🔹Thanks for reading and to stay updated on crypto follow us on Twitter 🤝Telegram🤝 Discord for more information and giveaways!

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