Some say practice makes perfect. But in the world of trading we don’t need to be perfect, we just want to be profitable. The best way to become profitable is to practice, practice, and practice some more. That’s why we’re excited to launch our first-ever Poloniex Futures trading competition, Practice Makes Profits!

From July 16, 2020 at 02:00 UTC to July 27, 2020 at 11:59 UTC, our customers can use their Futures demo money to practice their trading skills and turn demo money into real profits!

At the start of the competition, we’ll clear out any existing demo money from customers’ Poloniex Futures wallets and will give everyone who opts into the competition new 10,000 USDT in demo money. You can opt-in to the competition by enabling Futures trading and agreeing to the risks. To clear our existing demo money and ensure that all traders are starting on an even playing field, we’ll temporarily suspend trading on Poloniex Futures beginning on July 16th at 00:00 UTC until the competition begins.

Competition Period: July 16, 2020 at 02:00 UTC to July 27, 2020 at 11:59 UTC

Customers have 11 days, beginning on July 16th, to race to the top of our trading leaderboard by making the most profit trading on Poloniex Futures.

During this competition, every Futures trader with positive Realized PnL (as defined in the Terms and Conditions below) at the end of the competition will win the profits they’ve made over the competition period! If the aggregate PnL for all eligible participants exceeds 15,000 USDT, each user will receive prizes from a total prize pool of 15,000 USDT as outlined below.

Prizes will be distributed into your Poloniex exchange wallet within two weeks after the competition ends on July 27th.

Terms & Conditions

1. Promotion is subject to the Poloniex Futures: Practice Makes Profits Competition Official Rules available at https://support.poloniex.com/hc/articles/360049942734 (the “Official Rules”).
2. Promotion Period: 11 days - 02:00 UTC on 16th July 2020 to 11:59 UTC on 27th July 2020.
3. Users who are Level 2 Verified will receive 10,000 USDT in “demo money” after their Poloniex Futures account is set-up. “Demo money” is not real money, has no value, cannot be converted into any other digital asset including Tether (USDT), and cannot be transferred out of your Poloniex Futures account. All “demo money” will be cleared from your account once the Promotion has ended.
4. Ranked users will be able to monitor their position and rank on a page hosted on the Poloniex site. The requirements to be ranked are as follows:
1. To qualify for ranking, users must have set up their Poloniex Futures account and traded using the 10,000 USDT “demo money” deposited into their account.
2. While the leaderboard data is scheduled to be updated on an hourly basis, there could be minor latency delays.
5. To qualify for any prize pool, users must be ranked and have positive PnL over the competition period. “PnL” is defined as the total realized profit when trading on Poloniex Futures.
1. Realized profit is calculated using the difference between the entry price and exit price of your positions and will take any trading fees you pay into account.
2. Since you cannot transfer funds into or out of your Poloniex Futures account during this competition period, deposits and withdrawals will not be taken into account when calculating PnL.
6. The only valid market that will count towards your PnL is BTCUSDTPERP on Poloniex Futures.
7. The total prize pool for this Promotion for all Participants is 15,000 USDT. If the sum of all eligible Participants’ PnL over the Promotion period equals less than 15,000 USDT in “demo money”, all eligible participants will receive their PnL as a prize.
1. If the aggregate PnL for all eligible Participants exceeds 15,000 USDT in “demo money”, each user will receive a pro rata portion of the prize pool proportional to their “demo money” PnL. For instance, if there are two Participants in the Promotion with positive PnL of 20,000 USDT and 10,000 USDT in “demo money”, they would be entitled to receive 10,000 USDT and 5,000 USDT, respectively.
8. Reward distribution: rewards will be distributed to the eligible Participants’ Poloniex account within two weeks after the Promotion ends.
9. We are unable to distribute rewards or airdrops to customer accounts that are frozen, closed, or based in a prohibited country. For further details, please refer to our Official Rules, Section 1.
10. If we determine that an individual has used multiple accounts in order to win multiple prizes, we will distribute only one reward to that individual. We will distribute the most valuable of the rewards, as determined by the USD value.
11. 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. For further details, please refer to our Official Rules.