KCGI 2024 Futures Trading Competition –Messi invites you to battle to the top and win 5,000,000 USDT!
Bitget King's Cup Global Invitational (KCGI) 2024 is about to kick off! Compete for a prize pool of up to 5,000,000 USDT, with extravagant rewards like a Ferrari, a Rolex watch, and Messi autographed soccer balls!
The King's Cup Global Invitational (KCGI) is a global crypto trading competition held by Bitget. This year's KCGI consists of futures trading team competition as well as individual and newcomer competitions. In addition to early-bird and captain rewards, participants can also earn daily PnL and trading volume rewards. Plus, there is a livestream prize draw where you can win Messi prizes, such as a Ferrari!
Competition schedule (UTC+8)
1. Warm-up period: May 15, 2024, 12:00 AM – May 16, 2024, 11:59 PM
2. Team captain registration: May 17, 2024, 12:00 AM – June 6, 2024, 11:59 PM
3. Team member registration:
- Early bird period: May 24, 2024, 12:00 AM – May 25, 2024, 11:59 PM
- Team member registration: May 24, 2024, 12:00 AM – June 6, 2024, 11:59 PM
- Delayed registration for team members: June 7, 2024, 12:00 AM – June 12, 2024, 11:59 PM
4. Official competition period: June 7, 2024, 12:00 AM – June 27, 2024, 11:55 PM
Participation and team formation requirements
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You must have over 100 USDT in futures assets to become a captain or join a team.
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Participants must complete team formation to enter other activities; individual competitions will not have separate registrations. Becoming a captain or joining a team automatically registers you for all other activities.
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To successfully participate in the team competition, each team must have a minimum of ten members, including the team captain.
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Team members will not be able to participate in the team competition if their team has less than ten members. Team members can still participate in the individual competition, newcomer competition, daily tasks, and other activities.
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The team's competition data will be calculated once a team that initially has less than 10 members reaches 10 members during the delayed registration phase.
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During the registration phase, team members can choose to leave their original team and join another team, and captains can choose to dissolve the team or remove specific members.
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Sub-accounts, market makers, brokers, and institutional accounts are not eligible to register for the promotion.
Major activities and rewards
This year's KCGI consists of a futures trading team competition as well as futures trading individual and newcomer competitions, all taking place concurrently. There are also daily rewards and extravagant prizes like Messi prizes up for grabs!
Futures team competition rewards
1. Team battle reward
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Team PnL reward: Accounts for 30% of the total prize pool and is distributed based on PnL. The top 10 teams receive rewards based on their PnL ratio. The winning team's captain receives a 10% share exclusively, while the 40% is divided among team members ranked in the top ten in terms of their PnL. The remaining 50% is shared among members who meet the trading volume criteria.
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Team trading volume reward: Accounts for 30% of the overall prize pool, and will be divided among the top ten teams based on their trading volumes. The winning team's captain receives a 10% share exclusively, while the 40% is divided among team members ranked in the top ten in terms of trading volume. The remaining 50% is shared among members who meet the trading volume criteria.
2. Individual competition reward
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Individual PnL reward: Accounts for 15% of the overall prize pool, and will be divided among eligible participants ranked in the top 100 in terms of individual PnL.
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Individual trading volume reward: Accounts for 15% of the overall prize pool, and will be divided among eligible participants ranked in the top 100 in terms of individual trading volume.
3. Newcomer challenge reward
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Newcomer PnL reward: Accounts for 5% of the overall prize pool, and will be divided among eligible newcomers ranked in the top 100 in terms of individual PnL.
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Newcomer trading volume reward: Accounts for 5% of the overall prize pool, and will be divided among eligible newcomers ranked in the top 100 in terms of individual trading volume.
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New user: Signed up as a Bitget user after May 15 and successfully registered for KCGI.
4. Other rewards
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Recruitment master award: The team captain will receive a crypto voucher as a reward if the team's valid membership (futures trading account remains active for no less than five days) meets the required number of team members.The rewards will be distributed to the top 100 eligible teams based on the valid membership ranking.
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Newcomer recruitment award: The team captain will receive a crypto voucher as a reward if the team's valid new users (futures trading account remains active for no less than five days) meet the required number of team members.The rewards will be distributed to the top 100 eligible teams based on the valid membership ranking.
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Early-bird reward: The first 3 team members (excluding the team captain) to join one of the first 10 teams formed in the early-bird stage will receive 10 USDT in futures trading bonuses. Team members whose team has less than ten members at the start of the competition will not be eligible for the early-bird reward.
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Task completion award: All users who register within the specified period, hold at least 100 USDT in their futures account during the official competition period, and successfully form a team will receive trading bonuses.
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During the competition, each participant must achieve a total futures trading volume of no less than 30,000 USDT to qualify for a share of the prize pool. (Participants who do not reach a trading volume of 30,000 USDT will only be included in the final rankings, but will not receive a prize.)
Calculation rules
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Team PnL = Total PnL of the top 10 members ÷ 10 (If any members among the top 10 have trading volumes less than 30,000 USDT or negative PnL, they are excluded from the calculation). If fewer than 10 members are meeting the criteria in a team, the average is still based on 10 members.
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Team member PnL = Profit ÷ (initial net value + futures account deposits during the competition period) x 100%
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PnL = (account final net value (including unsettled PnL and trading bonus) − initial net value (including unsettled PnL and trading bonus) + futures account withdrawals during the competition − futures account deposits during the competition) + bot unrealized PnL
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Initial net value: The net value of futures assets held in the user's account for more than five minutes prior to the start of the competition will be calculated as initial net value.
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Account net value: The value is calculated every 5 minutes up until the end of the competition.
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Team trading volume: The total trading volume of the top 10 users in terms of team trading volume + the total trading volume of other users exceeding 30,000 USDT × 10%
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Individual/Newcomer PnL = PnL ÷ (initial asset (including unsettled PnL) + futures account deposits during the competition) x 100%
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Individual/Newcomer trading volume: The total trading volume of all orders placed during the competition (converted to USDT).
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Deposit: The total deposit amount in the futures account during the competition.
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Withdrawal: The total withdrawals from the futures account during the competition (including transfers to other accounts).
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Only the assets in the futures account will be calculated.
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Transferring funds to a futures account counts as a deposit, while transferring funds from a futures account to a spot or other account counts as a withdrawal.
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Promotion period: May 24, 2024, 12:00 AM – June 27, 2024, 11:55 PM (UTC+8)
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Users who successfully register for KCGI and complete the daily PnL competition and tasks will have the chance to win rewards.
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Rankings for the daily PnL competition will reset daily at 12:00 AM (UTC+8).
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Daily tasks will reset daily at 12:00 AM (UTC+8). Any incomplete tasks or unopened treasure chests will not carry over to the next day and will only be valid for the current day.
Daily PnL competition
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Rankings are based on individual PnL for the day, and the top 10 users will receive fixed rewards.
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1st: 100 BGB and a certificate of honor
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2nd–5th: 50 BGB
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6th–10th: 20 BGB
Daily tasks
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For each completed task, you will earn one opportunity to open a treasure chest. You have up to three daily chances to open a chest, and they must be opened in the following order: bronze > silver > gold.
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Daily futures trade: Reach a futures trading volume of 1000 USDT on the day.
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Daily deposit: Reach a daily deposit volume of 1000 USDT.
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Daily invitations: Invite at least one friend to register and successfully sign up for KCGI between May 24, 2024, 12:00 AM and June 12, 2024, 11:59 PM (UTC+8).
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Daily futures trading challenge: Reach 10,000 USDT futures trading volume on the day. Task duration: June 13, 2024, 12:00 AM – June 27, 2024, 11:55 PM (UTC+8).
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Rewards for the daily PnL competition and daily rewards will be distributed within seven working days after winning; you can check the status in the Coupons Center. If you do not receive your rewards within seven working days, it means that upon review, you did not meet the requirements. Contact customer service if you have any questions.
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The Messi tribute prizes will be announced via a livestream the day after the competition ends. Users who successfully register for KCGI 2024 and reach a cumulative futures trading volume of 60,000 USDT during the competition period will be eligible to participate in the draw.
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Rewards: Ferrari sports car, Messi’s watch, Messi autographed soccer ball, Messi’s jersey, Bitget merch, and more.
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Pictures are for reference only and may not be an exact representation of the rewards distributed.
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Bitget will contact the winners within 2 weeks after the end of the live event to obtain mailing information for the delivery of Superstar prizes.
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If for any reason the final prize cannot be delivered to the winning user or there is a delay, Bitget has the right to replace the prize with another of equal or greater value within a reasonable range. Bitget reserves all rights to final interpretation.
Other rules
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During the registration phase, if a team has less than ten members, members can choose to leave the team and join other teams. The team captain can dissolve the team or remove team members. During the delayed registration phase, teams with less than ten members can join the competition once they reach the required ten members. However, team members cannot leave their teams, and the captain cannot disband the team or remove team members.
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Bitget will conduct a review of all users and promptly disqualify those who employ any technical means, including but not limited to electronic, robotic, repetitive, or automated methods for the purpose of registration, trading, or reaching promotion goals. Such disqualification will be applied even if users employ malicious means for only part of their registration or participation in the promotions.
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Daily Rewards activity rewards will be distributed within seven working days after winning. Task completion awards and early-bird rewards will be distributed within seven working days after the competition starts. Recruitment master awards, newcomer recruitment awards, and rewards from team battles, individual competitions, and newcomer challenges will all be distributed within seven working days after the promotion ends. If you do not receive your rewards within the designated period, it means that upon review, you did not meet the requirements. Contact customer service if you have any questions.
Terms and conditions
1. Users found to be engaging in wash trading, improperly 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 to the 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 to the 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.
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