Football Cup Trading Competition rules – Help center

Competition Entry requirements

All OKX users can register for the Futures team competition.

Team P&L(%) Competition

The Futures team competition is a team-based tournament. All participants must join a team before the competition begins. Otherwise, you will be assigned to a team at random.

During registration, members can leave their current team and join another team. You will not be able to leave your team once the competition has started.

The team leader can dissolve the current team and join another team during registration. You cannot dissolve your team after the competition has started.

The minimum team size is ten people. If there are insufficient participants in a team at the start of the competition, the members will be randomly assigned to other teams. After the competition begins, users can only join groups via an invite link.

Asset criteria and trading volume requirement

Asset criteria: At the start of the competition, the user must have a Trading Account with at least 100 USDT at all times, which will be used to calculate the total prize pool amount. At the start of the competition, the user's Trading Account USDT + USDC equity must be at least $100, and this data will be used to calculate the individual yield.

Trading volume requirement: During the competition, the user must trade at least 10,000 USDT + USDC perpetual futures contracts. This data will be used to calculate individual and team P&L(%). If the trading volume does not meet the requirement, the result will be deemed invalid and not be accounted for in the ranking.

Trading Contracts

All USDT and USDC perpetual contracts (Future contracts are not counted)

Prize Pool

The total prize pool is dynamic and adjusted according to the number of participants who reach the asset criteria. The following are the guidelines for each prize pool.

Categories	Percentage from Total Prize Pool
Team P&L(%) Competition prize	60% - Divided among top 10 teams
Solo P&L(%) Competition prize	20% - Divided among top 10 participants
Solo Trading Volume Competition prize	20% - Divided among top 10 participants

- Team P&L(%) Prize: 60% of the total prize pool, with the top 10 teams getting the reward. In each winning team: + The Team Leader will get 20% of the Team Rewards + The top 10 highest P&L(%) members will share 30% of the Team Rewards

+ The remaining 50% of the Team Rewards will be shared equally by the team members who reach the threshold volume.

- Solo P&L(%) Prize: 20% of the total prize pool, divided among top 10 participants.

- Solo Trading Volume Prize: 20% of the total prize pool, divided among top 10 participants.

Note: * The system will calculate the profitability and trading volume of the user's USDT and USDC perpetual contracts.

* For Solo P&L(%) and Solo Trading Volume, the rewards will be distributed for top 10 participants each categories, as per below table:

	Solo P&L(%) 20% of Total Prize Pool	Solo Trading Volume 20% of Total Prize Pool
Rank 1st	50%	50%
Rank 2nd	20%	20%
Rank 3rd	10%	10%
Rank 4th to 10th	2.857%	2.857%

- Popular Leader Rewards: If the team reaches 20 members and all members have met the asset and trading volume requirements, the team leader will receive additional USDT contract vouchers and NFT prizes worth up to 4,000 USDT.

P&L(%) Formula

Solo P&L(%) formula

Solo P&L(%) = Profit / (Initial Equity + Total Deposits) * 100%

Profit = [Unrealized P&L + Realized P&L - Initial Unrealized P&L] (including USDT and USDC perpetual contracts)

Total deposits: USDT and USDC deposited to the Trading Account from other accounts during the competition, including spot sales

Initial equity: At the start of the competition, the Initial Equity will be the USDT and USDC equity in the Trading Account. Subsequent transfers to other accounts may result in a lower profit.

Initial Unrealized P&L: If a user has a position in a USDT and USDC contract at the start of the competition, we will record any Unrealized P&L as the Initial Unrealized P&L.

Team Competition P&L(%) formula

Team P&L(%) = Total P&L(%) of 10 team members with the highest solo P&L(%) / 10

If any of the top 10 team members have not traded 10,000 USDT + USDC or have a negative solo P&L(%), they will be excluded from the calculations

If there are fewer than 10 qualifying team members, the average value will still be determined based on 10 people.

World Cup predictions

Users can earn bonus multipliers by participating in the World Cup predictions. Each match has different bonus multipliers, which can accumulate to as high as 2.0.

The multiplier will be used to calculate P&L(%) and Profit, where the user's base P&L(%) and Profit are multiplied by the bonus multiplier to obtain the user's final result.

For matches after the group stage, we only make predictions in 90 minutes match.

matches	Number of matches	Multiplier reward
Group stage	48	0.01
Round 16	8	0.03
Quarter finals	4	0.05
Semifinals & 3rd place	3	0.1
Final	1	0.2

Newcomer rewards

The event will run from November 16 0:00 to December 13 0:00 (UTC + 8). Only new users who registered through the Football Cup trading competition can participate in this event

Rewards will be determined based on the amount of deposit and trading volume.

Please refer to the campaign page for more details.

Rewards will be given in the equivalent value of contract vouchers and will be awarded to users within 10 days after the competition ends. If withdrawals are made within seven days of the event, valid deposits will be recalculated, and the corresponding reward level will be updated.

Valid Deposits = Total Deposits - Total Withdrawals

Internal transfers do not count as deposits

Terms & Conditions

Trading Contest Timeline

The campaign runs from November 15, 2022 to December 19, 2022 (GMT +8) (the “Campaign Period”) during which teams of at least ten (10) traders can compete for three separate prize pools, as further discussed below.

Scoring and results tabulation will be calculated from 15 November 2022 to 19 December 2022 (GMT +8).

Winner announcements and prize distribution will occur from 19 December 2022 to 31 December 2022 (GMT +8).

Prizes will be distributed within 14 business days after the Campaign Period activity ends.

Trading Contest Requirements

The team of at least ten (10) traders that trades the highest profit and loss percentage (P&L(%)) will be eligible to win up to $1,200,000 on or before December 19, 2022 (the “P&L(%) Prize”).

The individual trader who trades the highest individual profit and loss percentage (Solo P&L(%)) will be eligible to win up to $400,000 on or before December 19, 2022 (the “Solo P&L(%) Prize”).

The individual trader whose trades result in the highest individual profit will be eligible to win up to $400,000 on or before December 19, 2022 (the “Solo Profit Prize”).

OKX reserves the right to disqualify a user if they engage in inappropriate, fraudulent, or abusive activities during the competition (e.g., wash trading, volume faking, participating using multiple accounts, market manipulation, etc.).

If OKX’s risk control system detects similar trading strategies, only the participant with the highest P&L (%) or profit will be permitted to continue in the competition.

If OKX’s risk control system detects matched trading activities, all associated users will be disqualified from the competition. Users who cancel more than ten (10) orders per minute may be disqualified during the competition.

If a team leader from a top 10 team is disqualified, their share of the reward will be divided by the team's top 10 qualified members with a trading volume equal to or greater than 10,000 USDT.

Promotion Requirements

The promotion starts on November 16, 2022 and ends on December 19, 2022 (GMT +8) (i.e., the Campaign Period noted above).

New OKX customers to:

(1) complete identity verification level 2

(2) deposit at least $300

(3) trade at least the following minimum amounts to receive the following amounts (each a “New User Reward Gift”) on or before December 19, 2022:

(i) Deposit $300, Trade $30,000 => $5 Bonus;

(ii) Deposit $1,000, Trade $30,000 => $15 Bonus;

(iii) Deposit $3,000, Trade $30,000 => $50 Bonus;

(iv) Deposit $10,000, Trade $50,000 => $180 Bonus;

(v) Deposit $20,000, Trade $100,000 => $350 Bonus;

(vi) Deposit $100,000, Trade $2,000,000 => $2,000 Bonus

New or existing OKX customers (first-come, first-served; while supplies last) to complete identity verification level 2, and complete prediction available through this link (collectively, the “Prediction Promotion Conditions”) will be eligible to win a multiplier of their base P&L profit in the trading competition as follows:

(1) for Group Matches during the football festival, a correct prediction earns participants a 0.01% reward multiplier;

(2) a correct prediction in the quarter-finals earns participants a 0.03% multiplier;

(3) a correct prediction in the, semi-finals earns participants a 0.05% multiplier;

(4) a correct prediction in the 3rd or 4th match earns participants 0.1% multiplier; and

(5) a correct prediction in the final earns participants a 0.2% multiplier. All in all, if a participant predicts correctly in all matches, they will earn a 2.0x multiplier. on or before December 19, 2022 (the “Quiz Gift”).

New or existing OKX customers (first-come,first served; while supplies last) to complete identity verification level 2, and refer new user(s) to OKX using this referral link and whose referrals then

(1) create an account at OKX and complete know your customer level 2;

(2) maintain their trading account with USDT/USDC equity greater than or equal to USD 100 in value; and

(3) during the competition period trade 10,000 USDT or more of USDT/USDC perpetual futures contracts, will be eligible to win prizes (collectively, the “Referral Gift”). Purchases must be made using a supported local currency, such as US Dollar, Euro, Brazilian Real, or Singapore Dollar, and fiat funds converted from crypto assets deposited into user accounts cannot be used.

(Collectively, the “Referral Promotion Conditions”) New users are eligible to win a $10 UST fee rebate card (the “New User Referral Gift”).

Existing users are eligible to win a $10 USD rebate card and a $10 USD perpetual swap voucher.

Gifts will be distributed within 14 business days after the promotion period activity ends.

The above promotions are all on a first-come, first-served basis.

Additional Terms and Disclaimers

This campaign excludes residents from the following jurisdictions: Hong Kong, Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, and the United States of America — including all U.S. territories, such as Puerto Rico, American Samoa, Guam, Northern Mariana Island and the U.S. Virgin Islands (i.e., St. Croix, St. John, and St. Thomas), Canada, Bangladesh, Indonesia, Vietnam, Bolivia, Ecuador, Kyrgyzstan, Botswana, Ghana, Kenya, Nigeria, Switzerland, South Africa, Zimbabwe and Malta.

Limit one (1) gift or prize per recipient.

Sub-accounts will not be eligible to participate or receive any rewards.

Any applicable taxes and all fees and ad,ditional expenses, including connection, installation, and/or service costs, related to acceptance and use of Gift are the sole responsibility of the individual Gift recipient.

Rewards will be locked-up for 90 days and become eligible for withdrawal once the lock-up period expires. During this lock-up period, Customers cannot withdraw Gifts (or equivalent) from their OKX accounts. If your OKX account is closed for any reason during the 90-day lock-up period, the Gift is deemed canceled in full.

Please note that the value of the prize may fluctuate during the 90-day lock-up period discussed above and may not be equal in value when a recipient can withdraw based on market fluctuation. Prices of digital assets, including stablecoins, can and do fluctuate at any moment. Due to such price fluctuations, you may increase or lose value in your assets at any given moment.

OKX reserves the right to exclude any participants from this promotion and/or cancel this promotion without notice.

OKX reserves the right to interpret the terms and conditions of this promotion as it sees fit and reserves the right to change or modify these terms and conditions at any time.

Please see the OKX Terms of Service for more information.

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