The world of cryptocurrency futures trading is dynamic and competitive. For traders looking to test their skills against others and earn significant rewards, leaderboard competitions offer an exciting opportunity. This guide breaks down a major trading event, explaining its structure, rewards, and strategic considerations to help you navigate the challenge.
Understanding the Competition Structure
This particular event is designed to reward traders based on both their trading volume and their return on investment (ROI). The competition is segmented into different leaderboards and timeframes to cater to various trading styles, from high-frequency traders to those who focus on strategic, profitable positions.
The promotion period runs for a specific 28-day cycle. It's crucial to note the official start and end times in your local time zone to ensure you can participate fully.
The Dual Leaderboard System
The competition features two primary ways to rank and win: a Trading Volume Leaderboard and an ROI Leaderboard.
Trading Volume Leaderboard
This board is further divided into three sub-categories based on timeframes:
- Daily Leaderboard: Updated every 24 hours, this ranks traders based on their trading volume for that single day.
- Weekly Leaderboard: This ranks traders based on their cumulative volume over a seven-day period.
- Monthly Leaderboard: This ranks traders based on their total trading volume across the entire 28-day promotion.
Each of these timeframes has two ranking categories: one for all users and a separate one specifically for new users. A "new user" is defined as someone who participates in the promotion and completes their first-ever futures trade on the platform after registering for the event.
ROI Leaderboard
This board ranks traders based on their profitability percentage during the entire promotion period, calculated using a specific formula. This offers a path to rewards for traders who may not have the highest volume but execute the most profitable strategies.
A Detailed Look at the Reward Pools
The total prize pool for this event is substantial, offering participants multiple avenues to earn.
Leaderboard Prize Distribution
- Daily Prizes: Each daily competition has a fixed pool of 2,500 USDT, distributed among the top 50 ranked traders for that day.
- Weekly Prizes: 30% of the total promotion pool is allocated to the weekly leaderboards. This reward is shared among the top 100 traders each week.
- Monthly Prizes: The largest share, 70% of the total pool, is reserved for the top 100 traders on the monthly volume leaderboard.
- ROI Prizes: A fixed pool of 30,000 USDT is shared among the top 100 traders on the ROI leaderboard.
All leaderboard rewards are distributed as futures trading bonus vouchers, which can be used in future trades but may come with specific terms and conditions.
Task-Based Mystery Box Rewards
Beyond the leaderboards, traders can earn rewards by completing simple tasks. The event features four rounds of challenges. By completing all tasks in a round, a user can earn up to four "Mystery Boxes." Each box contains a random reward, which could be a trading bonus, tokens, position boost vouchers, or even physical merchandise.
With 15,000 boxes available per round, there are 60,000 total up for grabs. Token rewards from these boxes are typically distributed as crypto vouchers.
VIP Welcome Gifts
The event also incentivizes users to upgrade their VIP status through futures trading. Newly upgraded VIP members can claim a welcome gift. The value of this gift scales with the VIP level, ranging from 150 USDT in trading bonuses for VIP 1 to 1,500 USDT plus a physical gift valued at approximately $250 for VIP 7. These gifts must be applied for by contacting a VIP customer service representative.
Key Rules and Eligibility Requirements
To ensure fair play and qualify for rewards, participants must meet specific criteria.
Minimum Volume Thresholds:
- Daily Leaderboard: Must achieve a trading volume of at least 10,000 USDT in the 24-hour period.
- Weekly Leaderboard: Must achieve a cumulative volume of 50,000 USDT during the 7-day period.
- Monthly Leaderboard: Must achieve a cumulative volume of 100,000 USDT during the full promotion.
- ROI Leaderboard: Must have a positive ROI and a minimum trading volume of 10,000 USDT.
Traders who appear on the rankings but fail to meet these minimum requirements will not receive any rewards for that period.
Registration Restrictions:
Sub-accounts, market makers, brokers, and institutional accounts are not eligible to participate. The platform also actively monitors for and disqualifies any activity it deems to be abusive, including the use of automated bots or wash trading designed solely to manipulate the leaderboards.
👉 Explore more strategies to enhance your trading performance beyond this competition.
How ROI is Calculated
Understanding the ROI formula is critical for those targeting the ROI leaderboard. The calculation is as follows:
ROI = PnL ÷ (Initial Net Value + Deposits During Challenge) × 100%
Where:
- PnL (Profit and Loss): This is calculated as: (Ending Net Value - Initial Net Value + Withdrawals - Deposits) + the unrealized PnL from any active futures trading bot positions.
- Initial Net Value: Your account's equity at the moment you register for the promotion. If your equity is below 100 USDT, it will be calculated as 100 USDT for the purpose of this formula.
- Deposits/Withdrawals: The total amount of funds you add to or remove from your futures wallet during the competition period.
Reward Distribution Timeline
Patience is key, as rewards are not distributed instantly.
- Daily rewards are typically distributed the day after the ranking period ends.
- Weekly rewards are distributed within seven working days after that weekly period concludes.
- Monthly, ROI, and Mystery Box rewards are all distributed within seven working days after the entire promotion has ended.
- Physical prizes from Mystery Boxes may take up to 14 working days to be shipped after the promotion ends.
If a user qualifies for rewards on both the general and new user leaderboards for the same period, they will only receive the single reward of higher value.
Frequently Asked Questions
Q: Who is considered a "new user" for this promotion?
A: A new user is defined as any participant who registers for the event and then completes their first-ever futures trade on the platform. This qualifies them for the separate "new user trading volume" leaderboard rankings.
Q: What happens if I rank on a leaderboard but don't meet the minimum volume requirement?
A: Your ranking will still be displayed on the public leaderboard, but you will not be eligible to receive any rewards for that period. Meeting the minimum volume threshold is mandatory to claim prizes.
Q: Can I participate if I use a sub-account?
A: No, sub-accounts, along with market maker, broker, and institutional accounts, are explicitly excluded from participating in this promotion. Only main retail accounts are eligible.
Q: What can I win from the Mystery Boxes?
A: Mystery Boxes contain a variety of rewards. These include futures trading bonus vouchers, token vouchers, position boost vouchers that may enhance your leverage or fees, and occasionally physical merchandise. The contents of each box are randomized.
Q: How is my starting equity determined for the ROI calculation?
A: Your initial net value is recorded at the precise moment you register for the promotion. It includes your account balance and any unrealized profit/loss from open positions. To prevent manipulation from tiny accounts, the minimum value used in the formula is set at 100 USDT.
Q: Where can I learn more about using trading bonus vouchers?
A: The specific terms, conditions, and expiration dates for trading bonus vouchers are detailed in the platform's support documentation. It's important to review these details to understand how to use your rewards effectively.