Trading competition by MarsDAO: $10,000 in rewards

Competition Calendar

• Registration: 7 June 2024 10:00 UTC - 19 June 2024 10:00 UTC
• Competition: 10 June 2024 10:00 UTC - 21 June 2024 10:00 UTC

Enrolment eligibility

• Users must click the "Join Now" button to join the event and receive a confirmation pop up that they have joined successfully, otherwise users will not be considered to have signed up for the event.
• This event is exclusive to MarsDAO community and invitees with global identity verification. Affiliate invitees are users who have completed registration via the affiliate registration link or entered the affiliate invitation code when registering.
• In order to receive the Rewards, winners must pass or have previously passed OKX's identity verification. Check your status <here>.
• Participation in this activity is restricted to the main account only. Sub-accounts are not eligible to participate and the earnings of sub-accounts are not included in the calculation of the earnings of the main account.

Asset qualification and trading volume criteria

• Asset qualification criteria: the participant's main trading account balance must reach at least 100 USDT at any point in time during the Competition Period (the period of time from the participant meeting this asset qualification criteria to the end of the Competition Period being the "PnL Period").
• Trading volume criteria: The user's USDT Perpetual contract trading volume must be greater than or equal to 10,000 USDT during the competition period, and will be used to calculate individual PnL and team PnL. If the trading volume does not meet the criteria, the score will be invalid and will be excluded from the leaderboard.
• All displayed data on the page is not real-time data and will have a certain delay. If the page is not updated, please wait for a period of time and return to refresh the page to view the data.

Participating Contracts

• All USDT Perpetual Contracts
• Only USDT contract trading pairs are eligible to participate in this trading competition. The trading volume of qualified contracts is calculated based on the trading volume strictly generated from qualified users’ own funds, excluding the use of platform rewards, such as rebate cards, contract experience coupons, etc.

PnL calculation formula

• Individual PnL = PnL / (initial equity + total deposit amount) * 100%
• PnL = [unrealised PnL + realised PnL- initial unrealised PnL]
• Total deposit amount = the sum of (a) any USDT transferred from the participant's non-trading OKX accounts to their main OKX trading account during the PnL Period, (b) any USDT the participant obtains from spot trades in their main trading account during the PnL Period; AND (c) any USDT the participant obtains from contract vouchers during the PnL Period. For clarity, any withdrawals or losses of USDT from/in the participant's main trading account during the PnL Period will not affect the calculation of the Total Deposit Amount.
• Initial equity = the USDT balance in a participant's main trading account during the first five (5) minutes of the PnL Period. For clarity, any withdrawals or losses of USDT from/in the participant's main trading account during the PnL Period will not affect the calculation of Initial Equity.
• Initial unrealised PnL = the value of the participant's open USDT perpetual swap positions at the beginning of the PnL Period.
• Spot sell and transfer may affect your PnL%:
• • Example, spot sell:
  • • User A sells 1000 XRP in spot trading and gains 500 USDT. We count as 500 USDT deposit.
    • User B buys 1 ETH in spot trading and then sells 1 ETH at the price of 2000 USDT, we count as 2000 USDT deposit.
  • Transfer:
  • • User C transfers 1000 USDT from funding account to trading account, we count as 1000 USDT deposit.
    • User D transfers 1000 USDT from trading account to funding account, then transfers 1000 USDT back to trading account, we count as 1000 USDT deposit.
• Valid trade definition
• • Only USDT perpetual swap trading pairs are eligible for this Trading Competition ("Eligible Contracts"). Trading volume from Eligible Contracts is calculated based on trading volume generated strictly from eligible user’s own funds, excluding the use of platform rewards such as rebate card, contract voucher etc.
  • Trades made with other USDC perpetual swap, OKX rewards or perks won't be counted as valid trades for this campaign, including but not limited to trades using rebate cards, contract vouchers, transaction fee waivers, etc.
• Valid deposit definition
• • Eligible deposits include the following: Crypto Deposit via external wallet transfer and Buy Crypto via Fiat gateway, P2P transactions with merchants or credit card.
  • Deposits by internal transfers and transactions with individual P2P sellers will be excluded.
  • Eligible deposits aren't limited to cryptocurrency types and will be converted to USDT prices based on the closing price on the deposit date.

1. The calculation of the prize amount will be based on the participant's final rank at the end of the campaign.
2. The maximum prize pool for the trading activity is 10,000 USDT where 70% of the prize pool will be rewarded in Futures Credits and 30% in USDT, to be distributed according to the final leaderboard ranking.
3. Trading Volume rewards: Accounts for 100% of the total prize pool, which will be divided among the top 20 individual profit amount participants.
4. 1. Detailed information of the winning prizes are specified below:
   2. 1.     Trading Volume: 20 users ($10,000 Max)
      2. Rank 1 - 1 reward: 15% share of the unlocked prize pool
      3. Rank 2 - 1 reward: 10% share of the unlocked prize pool
      4. Rank 3 - 1 reward: 8% share of the unlocked prize pool
      5. Rank 4-10 - 7 rewards: 35% share of the unlocked prize pool
      6. Rank 11-15 - 5 rewards: 20% share of the unlocked prize pool
      7. Rank 16-20 - 5 rewards: 12% share of the unlocked prize pool
5. One user who fulfills the requirements of both types of competition can qualify for rewards from both Prize Pools, based on Trading Volume and PnL.
6. How to calculate individual user's reward:
7. 1. Example: Prize Pool of $10,000 is unlocked, and user got the 1st Rank in Trading volume Leaderboard. This user will receive 15% of $10,000, which will be $1,500. Out of which $1,050 will be given in futures credits and $450 in USDT.
8. Futures credits can be used as margin and can offset costs including realized losses, fees, funding fees, and other transaction costs. When offsetting costs, futures credits will be consumed before user-owned funds. More information about usage of Futures Credits can be found here.

Other rewards:

7. All qualified users will each also receive certificates from TTM Academy.
8. All eligible participants will each also receive a discount for virtual card creation from MDAO Telegram Wallet that they can claim in the MarsDao Telegram community when the promotion ends.
9. All winners (top 20 qualified users) will each also get branded merchandise from TTM Academy.
10. Rewards will be issued within 21 days of the end of the activity. The platform has the right to postpone the issuance of rewards in the event of delays caused by large-scale risk control checks and other issues.
11. OKX has the discretion to convert any rewards into platform vouchers or USDT of equivalent value or less value.
12. OKX reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.

1. By default, users who enter the campaign page and participate in this campaign have read and understood the Terms and Conditions of this campaign.
2. Each user can only participate in one campaign at any one time. If a user participates in multiple campaigns, only the last campaign registered will be rewarded.
3. This campaign does not constitute and shall not be considered to be
4. 1. investment advice or an investment recommendation;
   2. an offer or solicitation, buy or sell digital assets; or
   3. financial, accounting, legal or tax advice. Digital financial assets, including stablecoins and NFTs, involve a high degree of risk, can lose value, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Not all products are offered in all regions. Any information coming from OKX does not contain any financial recommendation regarding the client’s execution or non-execution of transactions for the acquisition, alienation, redemption of certain digital assets and/or conclusion of certain agreements.
5. Please note that the value of prizes may fluctuate. Due to such price fluctuations, the value of your prize may increase or decrease in value at any given moment. OKX is not responsible for fluctuations in the value of prizes due to market fluctuations. All applicable taxes, costs, and additional expenses associated with the acceptance and use of the prize are the sole responsibility of the campaign prize recipient.
6. Any and all applicable taxes and all fees and additional expenses, including connection, installation, and/or service costs, related to acceptance and use of the reward are the sole responsibility of the individual reward recipient.
7. During the campaign period, OKX will closely track the behaviour of traders to avoid any form of cheating or abnormal behaviour, including but not limited to: registering multiple accounts, using other people's accounts, using other people's information to register accounts, false KYC information, maliciously increasing trading data, engaging in laundering trades or wash trades, violating the terms and conditions of the campaign, violating local regulatory rules for transaction and any other campaigns related to illegal, fraudulent or harmful purposes. If any of the above acts are deemed to be discovered by OKX, OKX reserves the right to disqualify the user from the prize.
8. Notwithstanding anything to the contrary herein, OKX reserves the right to exclude any participant from participating in this campaign without notice.
9. Risk warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may fluctuate and you may lose the amount invested. You are solely responsible for your investment decisions and OKX is not liable for any losses that may arise. Past performance also does not constitute a reliable predictor of future performance. You should only invest in products that you are familiar with and understand the risks involved. You should consider your own investment experience, financial situation, investment objectives and risk appetite and consult an independent financial adviser before making any investment. This document should not be regarded as financial advice. Please refer to the OKX Terms of Use and Risk Warning for further details.
10. The value of digital assets, including but not limited to stablecoins, can and do fluctuate greatly from time to time. The value of any reward under this Campaign at the time a participant qualifies for such reward may not be equal to the value of such reward at the time of distribution to the participant. Due to such fluctuations, users may experience a significant increase or decrease in the value of their assets at any given moment.
11. OKX reserves the right to determine and amend the rules of the campaign at any time without further notice, including but not limited to cancelling, extending or terminating this campaign, modifying the eligibility conditions for users participating in the campaign, and adjusting the campaign and Reward rules. All participants shall be bound by these revised terms.
12. OKX reserves the right of final interpretation of this promotion. Please contact the customer service team if you have any questions.
13. OKX has always taken its compliance obligations seriously and has always complied with the requirements of local regulators. We ask that you comply with the relevant laws and regulations of your country or region.
14. OKX is not responsible for technical, graphic, typographical or editorial errors or omissions. For more information, please visit www.okx.com © OKX
15. Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.