Gate.io Launches USDT Settled Perpetual Contract Trading Competition with New Year Lucky Draw and 20,000 GT in Prizes
To celebrate the New Year, Gate.io will launch a USDT Settled Perpetual Contract Trading Competition with 20,000 GT in prizes. Users can participate by trading BTC/USDT perpetual contract (settled in USDT) with up to 100X leverage. Thirty winners will be awarded every day of the competition, which will last for 12 days. The competition also comes with a New Year Lucky Draw with 1,000 GT in prizes. We are looking forward to your participation!
1.Time:
From UTC 9:00 January 7, 2020, to 9:00 January 19, 2020 (12 days in total). We will be determining the winners daily.
2. Prize:
The competition results over the past 24 hours will be calculated at UTC 9:00 each day.
1st prize: 380 GT
2nd prize: 280 GT
3rd prize: 100 GT
4th-30th prize: 28 GT
3. Rules:
1) Traders who trade BTC/USDT contracts during the competition period will automatically be subscribed to the competition.
2) The competition result of the past 24 hours will be calculated at UTC 9:00 each day.
3) During the competition, fund deposits will be limited by the traders who are allowed to cover their unrealized losses. You will be able to choose from 1x to 100x leverage. The lowest earning for each day is 100USDT, and 1st to 3rd prize will be set at 380GT, 280GT, and 100GT, and 4th to 30th will be set at 28GT.
4) Each day the accepted trading count is between 1–60 (canceled orders are not included).
4. New Year Lucky Draw:
1) Traders who earn more than 100 USDT in 1 day during the competition period will automatically be subscribed to the lucky draw.
2) Winners of the competition can have two times the winning chances during the lucky draw.
3) The lucky draw process will be recorded to ensure fairness, and the recorded video will be posted on Gate.io social media accounts, two days after the activity finished.
* Attention:
1) The earnings from the competition will be calculated based on the accumulated profits from the BTC/USDT contract trading (including unrealized losses/earnings, realized losses/earnings, trading fees and other handling fees, etc.)
2) Principle = original account balance + subsequent transferred-in funds
3) To ensure fairness of the competition accounts with abnormal trading activities (e.g., use of other accounts to distribute earnings) will be excluded. The prizes will be distributed to the next trader based on the ranking.
4) Risk warning: Perpetual contract trading is simple to use. It is similar to regular trading with no contract delivery. However, please note that the cryptocurrency market is extremely volatile. Please be aware of the market risks and choose the amount of leverage cautiously.
5) To learn how to trade perpetual contracts, please go to the Trading Simulation Area to be able to practice. https://www.gate.io/testnet/futures_trade/USDT/BTC_USDT
5. To participate in the competition:
https://www.gate.io/futures_trade/USDT/BTC_USDT
6.Gate.io Perpetual Contracts
Gate.io Perpetual Contract is one of the most active crypto-asset contract trading markets in the world. At its peak, we hit a total trading volume of 400 million USDT on the Gate.io Perpetual Contracts platform, with an insurance fund of over 1,000 BTC to compensate users when traders’ balance drops below zero.
Gate.io Perpetual Contracts provide 100X leverage for BTC, and 20–100X leverage for other major cryptocurrencies such as ETH, EOS, LTC, BCH, BSV for users to go either long or short. The close position is calculated based on the price index from multiple platforms, which helps the trading feature run continuously and reduce investors’ risks.
However, contract trading involves higher risks with high leverage. Hence, users should understand the trading rules and be aware of the market risk and make investments in a cautious manner.
7. Gate.io Perpetual Contract Trading Interest Settlement
Currently, the interests of Gate.io Perpetual Contract Trading is settled in BTC and USDT. Users need to deposit BTC to engage in BTC settled contract trading or USDT in the USDT settled contract trading. The USDT settled Perpetual Contracts can help eliminate market volatilities, which is more suitable for new traders.
The BTC and USDT settled Perpetual Contracts Trading, and their simulation trading areas are already available on Gate.io.
BTC Settled Perpetual Contract Trading (Web):
https://www.gate.io/futures_trade/BTC_USD
Mobile app users, please go to “Contracts.” Download the app at:
https://www.gate.io/mobileapp
Contract trading fee: Maker: -0.025%; Taker: 0.0075%; 0.025% fees will be deducted from your accounts to the maker.
Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals
Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/
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Gate.io
January 7,2019
