Into the Arena: Bitget KCGI 2023 Spot Trading Competition Rules
As the first contest that kickstarts KCGI - our biggest trading event of the year, Spot Trading Competition sets the stage for teams with the best trading acumen to identify the most ideal assets to hold and just the right timing to sell. 10 teams with the highest trading volume will be sharing our 50,000 USDT prize pool.
Eligibility and teaming up
Registration for Bitget KCGI 2023 Spot Trading Competition ends on September 1, 2023, at 10:00 AM (UTC+8). The Competition lasts from September 1, 2023, 10:00 AM (UTC+8) to September 15, 2023, 10:00 AM (UTC+8).
To sign up for this event, log in to your Bitget account or register a new one, head to our KCGI Spot Trading Page or select ‘Spot Trading’ under our KCGI landing page.
To create your own team, click on ‘Create a team’ and set your team name, captain, and logo. Scroll down, toggle on ‘Private team’, and set your private key if your team is only open to a selected few.
You can also join other teams by browsing our Team list or searching teams by their names before clicking on ‘Join a team’ on the right.
Traders must have at least 100 USDT worth of assets in their spot account at the time of signing up.
A minimum of 5 team members (including the captain) is required to join our Spot Trading Competition. 24 hours prior to commencement, any team with fewer than 5 members will be disbanded. Members from these teams must find new teams, or they will be randomly assigned to other teams.
Each account is only allowed to join one team and can’t quit their team by choice.
Sub-accounts are not eligible, and trading volumes from sub-accounts will not be counted toward your total trading volume.
Market makers' accounts and accounts with API trading history are not eligible. Any API trading order during the event will result in disqualification.
Eligibility may be subject to your country and/or region’s legal and regulatory environment. Please conduct with full knowledge of any restrictions or requirements for using Bitget trading services in your country and/or region.
Spot trading, margin trading (your opening margin as trading volume), and spot bot trading orders will all be counted toward your total trading volume.
Trading pairs consisting of ONLY stablecoins and/or fiat will be excluded.
How to win
Simple. Trade spot as much as you can before our competition closes!
10 teams with the most spot trading volume recorded will be eligible to split our 50,000 USDT prize pool. Teams with the same trading volume will be ranked by their net profit.
Winnings are calculated as:
(Team Spot Trading Volume/Total Spot Trading Volume of Top 10 Teams) * 50,000 USDT
The championship prize will be capped at 25,000 USDT and any excess will be returned to the prize pool and shared between other winning teams.
Captains will be entitled to 10% of their team winnings and the rest will be distributed between team members by their recorded spot trading volume:
30%, 20%, and 10% to 3 team members with the highest trading volume;
The rest 30% will be distributed between team members with the 4th to 10th highest volumes by their recorded spot trading volume, but rewards for a single team member are capped at 10% of their team winnings. Any excess will be shared between subsequent team members.
Any suspicious behavior, including but not limited to wash trading, spam registration, abnormally high-frequency trading, fraud, illegal activities, etc., will result in immediate disqualification.
Bitget reserves the right to the final interpretation of the competition.
One more thing
While you’re at it, don’t miss your chance at our Lucky Draw! During KCGI, everyone can join our Lucky Draw event by clicking on the mini-console icon on the bottom right and completing certain tasks. In return, you’ll get several chances to win Messi-signed jerseys, exclusive sneakers, and crypto assets!
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