Since its release, Poloniex's futures trading has been well-received by a large user base. To encourage more new users to experience Poloniex futures and give back to existing users, we are launching the "New Futures Traders to Win From 10,000 USDT!" campaign. All eligible traders can share a total prize pool of up to 10,000 USDT!
Campaign Period: 7 days, July 29, 2021 at 13:00 - August 5, 2021 at 12:59 (UTC)
Reward 1: New futures traders can win from 5,000 USDT
During the campaign, users who trade no less than 2,000 USDT in futures for the first time will receive 10 USDT as a reward. A total prize pool of 5,000 USDT for Reward 1 will be given out on a first-come-first-serve basis.
Reward 2: Join futures trading competition to share 5,000 USDT
During the campaign, users who trade no less than 300 USDT in futures will be ranked by their respective futures trading volume. Ranked users will share the prize pool in proportion to their share of the total trading volume contributed by traders who qualify for that prize pool (TRX and BTT perpetual futures trading volume will be multiplied by 1.2 in reward calculation). The prize pool for Reward 2 totals 5,000 USDT.
- Reward 1: During the campaign, users who trade no less than 2,000 USDT in futures for the first time will receive 10 USDT as a reward. A total prize pool of 5,000 USDT will be given out to the first 500 eligible users.
Futures trading volume = Futures buys + Futures sells. Trading volume will be calculated in USDT;
For example: Suppose the latest price of BTC futures contract is 10,000 USDT. User A has 1,000 USDT in his/her futures account and buys 0.5 BTC with 5x leverage. Then User A's futures trading volume is 0.5 BTC = 1,000 * 5 = 5,000 USDT.
- Reward 2: During the campaign, users with a cumulative trading volume of no less than 300 USDT in any futures trading pair can win a share from the 5,000 USDT prize pool in proportion to their trading volume. TRX and BTT perpetual futures trading volume will be multiplied by 1.2 in reward calculation. Each user can win up to 300 USDT.
- Futures trading volume = Futures buys + Futures sells. Trading volume will be calculated in USDT;
- Rewards calculation: Reward for a user = Prize pool * The user's trading volume / Total trading volume of all qualified traders
For example: During the campaign, user A has an effective futures trading volume of 100,000 USDT, where 50,000 USDT is traded in TRX perpetual contract. In this case, User A's final futures trading volume is (100,000 - 50,000) + 50,000*1.2 = 110,000 USDT. Meanwhile, the total futures trading volume (including the added weight of trading TRX and BTT perpetual contracts) of all users who have met the trading volume threshold is 10,000,000 USDT, then user A will receive 2,000 * 110,000 / 10,000,000 = 22 USDT as a reward.
- This campaign is open to all Poloniex users excluding market makers.
- All rewards will be distributed to your futures account within 10 working days after the campaign ends.
- We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed or based in a prohibited country. The list of prohibited countries is as follows: Antigua and Barbuda, Algeria, Bangladesh, Bolivia, Burundi, Burma, Cote D'Ivoire (Ivory Coast), Crimea and Sevastopol, Cuba, Democratic Republic of Congo, Ecuador, Iran, Iraq, Libya, Mali, Morocco, Magnitsky, Liberia, North Korea, Nepal, Seychelles, Somalia, Sudan, Syria, Venezuela and Zimbabwe.
- The rules of the promotion shall be subject to Poloniex’s interpretations and decisions, which shall be final. We reserve the right to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Poloniex.
Risk warning: Futures contract is an innovative financial product that invloves high risk and requires extensive knowledge. Please take caution when making trading decisions.Thank you for supporting Poloniex!
July 29, 2021