K-Trade Cup Competition

Event Rules

• The top 3 users by futures ROI will have the lead trading feature enabled on the event page, allowing others to follow their trades.
• Lucky Draw Ticket Distribution: The top 100 users by futures ROI with a weekly futures trading volume of 10,000 USDT will receive lucky draw tickets.
• The individual competition will run for 4 weeks. The ranking will be published weekly every Sunday at 24:00 and the rewards (lucky draw tickets) will be distributed at 03:00 the following day.
• Registration is not required for individual competition. Users who register for the team competition are automatically included in the individual ranking.

• When team leaders invite new users to register and join their teams, a referral relationship will be automatically established and the leaders will earn referral commissions.
• Teams with the same earnings will be ranked by their trading volume.
• The team ranking will be published at the end of the event.

• After the competition starts, teams with at least 2 but less than 5 members can still participate in the team ranking and new members can continue to join.
• To be eligible for a share of the team's rewards, a team member must have at least 200 USDT in earnings and a total futures trading volume of at least 10,000 USDT during the event.

• To be eligible for team ranking, a team must have positive earnings and a total futures trading volume > 50,000 USDT.
• Newly joined members will have their event performance data counted from the moment they successfully join a team.
• Teams with less than 5 members (including the leader) 48 hours before the event ends will be automatically disbanded.

Block Hash-Based Lucky Draw Rules

• Lucky Draw Ticket Acquisition:
  • a.Users who successfully register for the event will receive one lucky draw ticket.
  • b.Users who rank on the individual competition's futures ROI leaderboard will receive lucky draw tickets based on their ranking.
  • c.During the event, for every 10,000 USDT in futures trading volume, users will receive one lucky draw ticket. Tickets are updated hourly and issued in real-time, each containing a unique 5-digit random number. There's no limit to the number of lucky draw tickets a user can obtain. During the event, a total of 99,999 tickets will be issued.
• Winning Number Generation:
  The individual competition will be held for 4 weeks. After each week, starting from 00:00 (UTC+8) on the following Monday, the winning numbers will be determined based on the last 5 digits of the hash values from the next N BTC blockchain blocks (where N = the number of prizes for that week).
• Hash-Based Lucky Draw Matching Rules: Users win if the number on their lucky draw ticket matches the winning number.
• Winning Number Announcement: The winning number will be published every Tuesday at 00:00 (UTC+8). Users can log in and view more details in My Performance > Received Lucky Draw Tickets on the event page.
• Winners Announcement: The winners will be published every Tuesday at 12:00 AM (UTC+8).
• Rewards Distribution: Winners must follow the instructions in My Performance on the event page for reward claiming. Failure to do so within the specified period is deemed a forfeiture of the reward.
• Non-winning tickets from each competition week will remain eligible and roll over to the next draw.
• Users found engaging in fraudulent attempts to obtain rewards during the event will be disqualified for rewards.

Calculation Formulas

• Futures trading volume = Avg. executed price * No. of contracts * Face value
• Earnings = Unrealized PnL + Realized PnL
• ROI = Earnings/(Initial funds in futures account + Net funds transferred-in during the event ). If the net funds transferred-in is less than 0, it will be counted as 3,000.
• Funding fees, trading fees, PnL from Super Bonuses and Mega Coupons, copy trading profits shares, and referral commissions are excluded from the earnings calculation.
• The earnings calculation for this event only includes futures trading volume.
• Calculation for realized PnL per order: For short positions, PnL = No. of contracts * Face value * (Entry price - Close price); For long positions, PnL = No. of contracts * Face value * (Close Price - Entry Price).
• The team and physical rewards will be distributed within 7 to 12 working days after the event ends. Please stay tuned with the email and in-app notifications.
• The individual and team leaderboard data is updated hourly.