OKX is hosting a major trading event known as the Royal Competition. This campaign offers participants the chance to win significant rewards across multiple leaderboards and task categories. To help you understand how to participate and what you can win, this guide provides a clear breakdown of the prize structure, eligibility, and key terms.
Overview of the Competition Prize Pools
The competition features two main reward categories: a prize pool for trading based on Profit and Loss (P&L) and another for trading volume. The total maximum prize pool for the entire event is an impressive 100,000 USDT.
- Trading Activity Prize Pool: A maximum of 60,000 USDT is allocated for the top performers on the leaderboards. This reward is distributed based on a participant's final rank when the campaign concludes.
- Task Completion Prize Pool: A separate 40,000 USDT in trading bonuses is reserved for users who complete specific tasks. These bonuses are distributed instantly upon successful completion of the requirements.
Detailed Leaderboard Prize Distribution
The leaderboard prizes are divided among the top 20 participants in two distinct rankings.
Top 20 P&L Leaderboard (24,000 USDT)
This ranking rewards traders based on their percentage of profit and loss. The prize pool is distributed as follows:
- 1st Place: 1 winner receives an 18% share.
- 2nd Place: 1 winner receives a 14% share.
- 3rd Place: 1 winner receives a 10% share.
- 4th to 10th Place: 7 winners each receive a 4% share.
- 11th to 20th Place: 10 winners each receive a 3% share.
Top 20 Trading Volume Leaderboard (36,000 USDT)
This ranking rewards traders based on their total trading volume during the campaign. The allocation is:
- 1st Place: 1 winner receives a 15% share.
- 2nd Place: 1 winner receives an 11% share.
- 3rd Place: 1 winner receives a 9% share.
- 4th to 10th Place: 7 winners each receive a 5% share.
- 11th to 20th Place: 10 winners each receive a 3% share.
It is important to note that a single user can qualify for rewards on both leaderboards if they meet the ranking requirements for each.
Exclusive Task-Based Rewards
Beyond the leaderboards, the competition offers several tasks with instant rewards. These are designed to reward both new and active traders.
The "Lord of Trades" Achievement
Complete at least 50 trades on any trading pairs during the campaign period to automatically qualify for a 100 USDT trading bonus.
First Deposit and First Trade Bonuses
- First Deposit Task: The first 1,000 new users who have not yet made a deposit are eligible. To get a 5 USDT trading bonus, you must complete your first deposit and accumulate a net deposit of 50 USDT or more.
- First Trade Task: The first 1,000 new users who have not yet executed a trade are eligible. To get a 10 USDT trading bonus, you must complete your first trade and accumulate a trading volume of 100 USDT or more.
Accumulated Trading Volume Tiers
Additional trading bonus rewards are available for reaching specific volume milestones. These are limited to a set number of qualified users:
- 10,000 USDT Volume: Reward for the first 700 qualified users.
- 50,000 USDT Volume: Reward for the first 500 qualified users.
- 100,000 USDT Volume: Reward for the first 475 qualified users.
For a complete overview of all available tasks and how to track your progress, you can 👉 explore the competition details here.
Additional Premium Prizes
The top performers on the leaderboards are also eligible for exclusive non-monetary prizes:
- TradingView Subscriptions: The top 3 qualified users on each of the two leaderboards (6 users total) will each receive an annual TradingView Plus subscription worth $299. Users ranked 4-10 on each leaderboard (14 users total) will each receive a **monthly TradingView Plus subscription** worth $25.
- Exclusive Merchandise: The same top 3 users on each leaderboard will also receive exclusive OKX x McLaren swag.
Key Terms and Conditions
Understanding the rules is crucial for claiming your rewards successfully.
- Reward Distribution Timeline: All rewards will be issued within 21 days after the activity concludes. The platform reserves the right to delay distribution in cases requiring large-scale risk control checks.
- Claiming Premium Prizes: Winners of TradingView subscriptions and merchandise will be contacted by the OKX team via email or customer service within 7 working days after the campaign ends. Winners have 72 hours to respond and provide necessary details to claim their prize. Failure to respond or providing incorrect information will result in the forfeiture of the reward.
- Using Trading Bonuses: Trading bonuses awarded can be used as margin in trades. They can offset various costs, including realized losses, trading fees, and funding fees. These bonuses are always consumed before a user's own funds. 👉 Learn more about using trading bonuses effectively.
- Reward Conversion: OKX retains the discretion to convert any reward into platform vouchers or USDT of equivalent or lesser value if deemed necessary.
Frequently Asked Questions
How is the final ranking determined?
Your final rank is determined by your position on either the P&L percentage leaderboard or the trading volume leaderboard at the very end of the campaign period. The calculation is automatic.
Can I win prizes from both leaderboards?
Yes. If your trading activity qualifies you for a high rank on both the P&L leaderboard and the trading volume leaderboard, you will receive rewards from both prize pools.
What can I use the trading bonus for?
The trading bonus is a versatile reward that acts like credit on the platform. You can use it as margin for your positions, and it will automatically help offset costs like trading fees and funding charges, helping to protect your own capital.
I’m a new user. What rewards can I get?
New users can benefit from the first deposit task (5 USDT bonus) and the first trade task (10 USDT bonus). You must be among the first 1,000 eligible new users to complete each requirement to qualify.
What happens if I win a TradingView subscription but miss the email?
The OKX team will attempt to contact you. However, you only have a 72-hour window to respond once contacted. If you do not reply within that time or provide an incorrect shipping address for merchandise, you will forfeit the premium prize.
When will I receive my USDT rewards?
All rewards, including leaderboard prizes and task completion bonuses, are distributed within 21 days after the campaign's end date. Some instant task bonuses may be credited immediately upon completion.