We welcome you to participate in the “Bingbon Philippines Trading Competition”. You will have an opportunity to share a 1,100 USDT prize pool and win extra rewards in the competition.
Activity Description
Activity Requirements: During the activity, users with account assets greater than 50 USDT at any time can register and join the activity.
Activity Time: Jan 18 00:00 — Jan 21 23:59 (GMT+8), lasts 4 days
Total Prize Pool: 1,100 USDT
Prize Pool Share Description: After registration, if the profit rate of trading settlement at the end of the activity is greater than 0% and trading volume reaches 5,000 USDT, you will be able to join the prize pool share.
Extra Rewards Description: Top 3 by profit rate ranking can win extra rewards of 50 USDT, 30 USDT and 20 USDT. The rewards will be distributed within 3 working days after the activity ends.
Profit Rate = [Withdrawals + Net Value at End of Activity — (Net Value at Beginning of Activity + Deposits)] / (Initial Net Value + Deposits)
Extra Rewards:
Top 1: 50 USDT
Top 2: 30 USDT
Top 3: 20 USDT
Reminder:
Competition rankings will be updated every 2 minutes
Example:
Only user Jack, Tom, Helen, Calvin participated in this trading competition
The P/L rate settled at the end of the activity: Jack 50%, Tom 30%, Helen 120%, Calvin -40%
Prize pool is 1,000 USDT
The profit rate of Jack, Tom and Helen is greater than 0%, so that they can join the prize pool share
Total profit rate is 50% + 30% + 120% = 200%
In this case,
Jack can get the prize pool share 50/200 * 1,000 = 250 USDT
Tom can get the prize pool share 30/200 * 1,000 = 150 USDT
Helen can get the prize pool share 120/200 * 1,000 = 600 USDT
As Calvin has a negative return, he will not participate in the prize pool share of this activity.
Tips:
1) During the activity, as the account balance of the four people is greater than 50 USDT, and their trading volume reaches 5,000 USDT, they are eligible to participate in the competition.
2) Users that violate the rules of self-dealing, wash trading, and using multiple accounts will be disqualified.
3) In this competition, only the profit of USDT Standard Contract trading will be calculated in the competition statistics.
4) Rewards will be distributed within 3 working days after the activity ends.
Terms and Conditions
The platform takes a snapshot of the user’s account assets every day at 00:00 as a base, and calculates the change in the overall profit rate of account assets at 23:59 that day as the profit rate of the day.
In this competition, only the profit of USDT Standard Contract trading will be calculated in the competition statistics.
Bingbon reserves the right to disqualify users that violate the rules of self-dealing, wash trading, and use multiple accounts.
Bingbon reserves the right of final interpretation of this activity.
Risk Warning:
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.
