We are excited to announce the conclusion of the OKEx Perpetual Swap Demo Contest and share important updates regarding the official launch of live perpetual swap trading.
Contest Overview and Outcomes
The one-week demo trading competition provided participants with a simulated environment to practice and hone their derivative trading skills. Despite being a practice event, the contest mirrored real-market dynamics, offering valuable insights and experience.
Many participants demonstrated remarkable skill and strategy during the event. Some traders successfully grew their simulated portfolios from 10 BTC to over 1000 BTC, while others experienced the risks of liquidation. The competition featured intense battles between bullish and bearish teams, as well as coordinated efforts involving large-volume buy and sell orders.
The event also fostered a strong sense of community. Participants benefited from mentorship, collaborative midnight trading sessions, and team coordination. This aligns with OKEx’s goal of helping users learn perpetual swap trading in a near-real setting, build meaningful connections, and prepare for live trading.
Prize Distribution Details
After careful evaluation, the winning teams have been selected. Below are the key details regarding reward distribution:
- Rewards will be credited within three business days to the winners’ OKEx accounts.
- Users can check their rewards under "Assets Management — My Wallet."
- Both the Highest Profit Award and the Most Popular Award prioritize users who completed KYC verification and joined early, ensuring fair and weighted distribution.
- The Lucky Draw Award was determined by the last six digits of the first Bitcoin block on December 10, 2018 (289520). The user with the closest invitation code (289537) received this prize.
Continued Access to Demo Trading
The perpetual swap demo platform will remain accessible even after the contest. This allows users to continue practicing and improving their trading strategies until the live perpetual swap trading officially launches.
Official Launch of Live Perpetual Swap Trading
The live perpetual swap trading platform is scheduled to go live on December 17, 2018, at 12:00 PM Hong Kong Time. Initially, BTC will be the supported trading pair. Detailed trading rules and contract specifications are available in the perpetual swap documentation.
We extend our gratitude to all participants for their enthusiasm and support. OKEx remains committed to providing a secure, innovative, and user-friendly trading environment.
Frequently Asked Questions
What are perpetual swaps?
Perpetual swaps are derivative products that allow traders to speculate on cryptocurrency price movements without an expiration date. They are similar to traditional futures contracts but are designed to track the underlying asset’s spot price closely.
How can I check if I received a contest reward?
You can check your OKEx account under "Assets Management — My Wallet" within three business days after the contest ends. Rewards are automatically distributed to eligible users.
Will the demo platform be available after the live launch?
Yes, the demo trading platform will remain open for users who wish to practice and experiment with perpetual swap strategies without risking real funds.
Which cryptocurrencies are supported in the live perpetual swap trading?
At launch, only BTC perpetual swaps will be available. Additional trading pairs may be introduced in the future based on market demand and stability.
Is there a tutorial for beginners learning perpetual swap trading?
Yes, OKEx provides comprehensive educational resources, including demo trading, tutorials, and documentation. 👉 Explore trading strategies
What is the advantage of trading perpetual swaps?
Perpetual swaps offer leverage, liquidity, and the ability to profit in both rising and falling markets. They are popular among traders seeking flexible hedging and speculative opportunities.