Rules for the KCGI 2023 futures trading competition

The futures trading competition consists of a team competition and an individual competition, with a prize pool of up to 2,500,000 USDT. Users can participate in both sub-competitions.

Schedule

Registration period: September 10, 10:00 AM (UTC+8) – September 30, 10:00 AM (UTC+8)

Competition period: September 30, 10:00 AM (UTC+8) – October 30, 10:00 AM (UTC+8)

Eligible futures products

· ‌USDT-M Futures

· Coin-M Futures

Futures trading competition — team competition

Users compete in teams in the futures trading team competition with a prize pool of up to 2,000,000 USDT.

Registration requirements

1. Both captains and team members must have individual net futures assets of at least 300 USDT at the time of registration.

2. Each team must have at least ten members (including the captain).

3. The deadline for team creation is 24 hours prior to the start of the competition. Teams with less than ten members will be automatically disbanded. If the captain or members of a disbanded team do not join another team before the end of registration, they will be randomly assigned to another team.

4. Users can only join one team and cannot leave the team after joining.

5. Sub-accounts cannot be used to participate in this competition. Trading volumes from sub-accounts will not be counted towards the main accounts.

6. Market maker accounts are not eligible to participate.

7. Accounts that have engaged in API trading in the past are not eligible to participate.

8. Accounts that engage in API trading during the competition will be disqualified.

9. Only eligible users can participate. Specific regions or users may not be eligible in accordance with legal and regulatory requirements. Users are responsible for informing themselves about and complying with any restrictions and/or requirements for using Bitget trading services in their country/region.

Public and private teams

1. The captain can set the team to be public or private.

2. Public teams are open to the public, meaning anyone can join.

3. Private teams are not open to the public, meaning only users with an exclusive private key can join.

Reward distribution

1. Rewards will be unlocked based on the number of participating teams.

0–200 participating teams unlocks a 100,000 USDT prize pool.

201–400 participating teams unlocks a 200,000 USDT prize pool.

401–600 participating teams unlocks a 400,000 USDT prize pool.

601–800 participating teams unlocks a 600,000 USDT prize pool.

801–1000 participating teams unlocks a 1,000,000 USDT prize pool.

>1000 participating teams unlocks a 2,000,000 USDT prize pool.

2. The total PnL of the top ten team members is counted as the team's PnL. The top ten teams by PnL will share the prize pool based on their PnL.

3. Team rewards = (team's PnL ÷ total PnL of the top ten teams) × team competition prize pool.

4. A team can stand to win up to 50% of the total prize pool.

5. Within a team, the captain will receive 10% of the rewards, with the remaining rewards distributed according to team member (including the captain) PnL rankings.

1st place: 30% of the team's reward.

2nd place: 20% of the team's reward.

3rd place: 10% of the team's reward.

4th–10th place: Grab a share of 30% of the team's rewards based on their PnL ratios (up to 10% per user).

Competition requirements

1. Participants must each have a minimum futures trading volume of 30,000 USDT and a positive PnL during the competition to be eligible for rewards.

2. Accounts that engage in elite trading or copy trading during the futures trading competition will be disqualified.

3. In the event of participants or teams having the same PnL, the user or team with the higher trading volume will be ranked higher.

4. PnL = (account final net value (including unsettled PnL) – initial net value (including unsettled PnL) + futures account withdrawals during the competition – futures account deposits during the competition) + outbound transfers to open bot positions – inbound transfers to close bot positions.

Futures trading competition — individual competition

Users compete against each other in the futures trading individual competition with a prize pool of up to 500,000 USDT.

Registration requirements

1. Users must have net futures assets of at least 300 USDT at the time of registration.

2. Users participating in the team competition can also take part in individual competitions at the same time.

3. Sub-accounts cannot be used to participate in this competition. Trading volumes from sub-accounts will not be counted towards the main accounts.

4. Market maker accounts are not eligible to participate.

5. Accounts that have engaged in API trading in the past are not eligible to participate.

6. Accounts that make API trades during the competition will be disqualified.

7. Only eligible users can participate. Specific regions or users may not be eligible in accordance with legal and regulatory requirements. Users are responsible for informing themselves about and complying with any restrictions and/or requirements for using Bitget trading services in their country/region.

Reward distribution

1. Rewards will be unlocked based on the number of participating users.

0–15,000 participating users unlocks a 50,000 USDT prize pool.

15,001–30,000 participating users unlocks a 100,000 USDT prize pool.

30,001–50,000 participating users unlocks a 200,000 USDT prize pool.

>50,000 participating users unlocks a 500,000 USDT prize pool.

2. Users are ranked based on ROI:

1st place: 40% of the prize pool.

2nd place: 20% of the prize pool.

3rd place: 10% of the prize pool.

4th–10th place: Grab a share of the remaining 30% of the prize pool based on their ROIs (up to 10% per user).

Competition requirements

1. Participants must each have a minimum futures trading volume of 30,000 USDT and a positive PnL during the competition to be eligible for rewards.

2. Accounts that engage in elite futures trades or futures copy trades during the futures trading competition will be disqualified.

3. In the event that users have the same ROI, the user with the higher trading volume will be ranked higher.

4. ROI = profit ÷ (initial net value + total deposits) × 100%. Only data from users' futures accounts are calculated.

Terms and conditions

1. Users found to be engaging in wash trading, improper matched orders, bulk registration, and self-dealing will be immediately disqualified.

2. Users who place and cancel maker orders too frequently will be disqualified.

3. If multiple accounts are detected to be operating from the same IP address, all users under the same IP address will be disqualified.

4. Bitget reserves the right of final interpretation of the competition.

5. All participants must strictly comply with Bitget's Terms and Conditions.

6. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.

7. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.

8. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions.

Disclaimer

Cryptocurrencies are subject to high market risk and volatility despite their high growth potential. Users are strongly advised to conduct their own research and invest at their own risk.