BitCatcher Trading Competition Trade and win up to 50,000 USDT prize pool!

Competition Calendar

• Registration: 9 Sep 2024 00:00 GMT+9 - 6 Oct 2024 23:59 GMT+9
• Competition: 9 Sep 2024 00:00 GMT+9 - 7 Oct 2024 23:59 GMT+9

Enrolment eligibility

• You must click the "Join now" button and and make sure the button is changed to "Enrolled" to be considered a valid participant of the event. Otherwise, your participation will be void.
• Complete KYC2 identity verification to participate and claim the rewards in this campaign.
• This campaign is only available for affiliate invitees. Affiliate invitees are users who have registered using the affiliate's registration link or entered the affiliate's invitation code when registering.
• According to local laws and regulations, users from the following countries or regions (subject to verification information) are not eligible to participate in this campaign: please refer to clause 2.2 of OKX's Terms of Use

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 participant's USDT perpetual contract trading volume must be at least 10,000 USDT during the PnL Period, and will be used to calculate individual P&L and team P&L. If the trading volume does not meet the criteria, the score will be invalid and will be excluded from the leaderboard.
• This Competition is valid only if at least 10 qualified users participate. Otherwise, this Competition shall be automatically cancelled with no liability on OKX's part.

Valid Contracts

• Only USDT perpetual swap trading pairs are considered valid trades under this Competition ("Eligible Contracts"). Trading volume from Eligible Contracts is calculated based on trading volume generated strictly from eligible participant's own USDT, excluding any value from use of platform rewards such as rebate card, contract voucher etc.

P&L calculation formula

• Calculation formula
• P&L% = P&L / (Initial Equity + Total Deposit Amount) * 100%
• P&L = [unrealised P&L + realised P&L - initial unrealised P&L]
• "Initial Equity" means the USDT balance in a participant's main trading account during the first five (5) minutes of the competition period or enrolment time, whichever later. 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.
• "Total Deposit Amount" means the sum of (a) any USDT transferred from the participant's non-trading OKX accounts to their main OKX trading account during the Competition Period, (b) any USDT the participant obtains from spot trades in their main trading account during the Competition Period; AND (c) any USDT the participant obtains from contract vouchers during the Competition Period. For clarity, any withdrawals or losses of USDT from/in the participant's main trading account during the Competition Period will not affect the calculation of the Total Deposit Amount.
• Before the participant achieves the asset qualification criteria, the P&L% will be calculated by using the asset qualification threshold instead of the participant's (initial equity + total deposit amount). After the participant achieves the asset qualification criteria, the P&L% will be calculated by (initial equity + total deposit amount).
• "Initial unrealised P&L" means the value of the participant's open USDT perpetual swap positions at the beginning of the Competition Period.

1. The calculation of the reward amount will be based on the participant's final rank at the end of this Competition.
2. There is a prize pool of up to 50000 USDT for this Competition, to be distributed according to the final leaderboard ranking. 
3. P&L% rewards: Accounts for 50% of the total prize pool, which will be divided among the top 10 individual P&L% participants.
4. Profit amount rewards: Accounts for 50% of the total prize pool, which will be divided among the top 10 individual profit amount participants.
5. Detailed information of the winning prizes are specified below:

Profit rate:

• Rank 1 - 1 reward: 35% share of the profit rate prize pool 
• Rank 2 - 1 rewards: 20% share of the profit rate prize pool
• Rank 3 - 1 rewards: 15% share of the profit rate prize pool
• Rank 4 - 1 rewards: 10% share of the profit rate prize pool
• Rank 5-10 - 6 rewards: 20% share of the profit rate prize pool

Profit amount:

• Rank 1 - 1 reward: 35% share of the Profit amount prize pool 
• Rank 2 - 1 rewards: 20% share of the Profit amount prize pool
• Rank 3 - 1 rewards: 15% share of the Profit amount prize pool
• Rank 4 - 1 rewards: 10% share of the Profit amount prize pool
• Rank 5-10 - 6 rewards: 20% share of the Profit amount prize pool

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. Participation in this campaign is restricted to the main account only. Sub-accounts are not eligible to participate. The earnings of sub-accounts will not be included in the calculation of the earnings of the main account.
3. 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.
4. This campaign does not constitute or shall not be considered as a recommendation to deal in any products, or investment advice. Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment.
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. According to local laws and regulations, users from the following countries or regions (subject to verification information) may not be eligible to participate in this campaign: please refer to clause 2.2 of OKX's Terms of Service.
8. 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 reward.
9. Notwithstanding anything to the contrary herein, OKX reserves the right to exclude any participant from participating in this campaign without notice.
10. 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 campaign and the terms and conditions should not be regarded as financial advice. Please refer to the OKX Terms of Use and Risk Warning for further details.
11. 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.
12. 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.
13. OKX reserves the right of final interpretation of this campaign. Please contact the customer service team if you have any questions.
14. 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.
15. OKX is not responsible for technical, graphic, typographical or editorial errors or omissions. For more information, please visit www.okx.com © 2024 OKX.
16. Where any discrepancy arises between the translated versions and the English version, the English version shall prevail.