Competition period : 26 Aug 00:00 UTC to 15 Sep 23:59 UTC

• Reward calculation and distribution will be completed within 30 business days after the competition ends.
  

How to participate in the Competition

• You must click the "Join Now" button and and make sure the button is changed to "Joined" to be considered a valid participant of the event. Otherwise, your participation will be void.

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 "P&L Period").
• Trading volume requirement: The user's USDT perpetual contract trading volume must be greater than or equal to 5,000 USDT, which will be used to calculate the participant's P&L. 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. Please refresh the page to view the data at a later time.

Profit and Loss 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 P&L Period. 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 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 unrealised P&L" means the value of the participant's open USDT perpetual swap positions at the beginning of the P&L Period.
• Transferring your holdings in and out of your trading accounts may affect your PnL%:
• • User A transfers 1,000 USDT from funding account to trading account, we count as 1,000 USDT deposit.
  • User B transfers 1,000 USDT from trading account to funding account, then transfers 1,000 USDT back to trading account, we count as 1,000 USDT deposit.

Eligible Trading Product

• Only USDT perpetual swap: Only USDT perpetual swap trading pairs are eligible for this Trading Competition ("Eligible Contracts"). The trading volume of qualified contracts is calculated based on the trading volume strictly generated from qualified users’ own funds. Use of platform rewards, such as rebate cards, contract experience coupons, are not counted apart from trading bonus rewards (e.g. futures credit) a user receives from successful account registration during the campaign period.

1. The "Level Up with OKX" trading competition starts on 26 Aug 2,024 00:00 UTC and ends on 15 Sep 2,024 23:59 UTC (the "Competition Period").
2. The promotion is open to eligible OKX users (as defined below).
3. 1. Eligible users include new users and existing users who have not executed their first trade on the OKX platform.
   2. Only eligible users who complete all promotion conditions within the Competition Period, and have completed OKX's KYC identity verification, are eligible for a claim of reward. Check your status <here>.
   3. 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.
   4. You must click the "Join Now" button and receive a message that you have successfully joined to be considered a valid participant of the event. Otherwise, your participation will be void. Once a user successfully enrolls in the Activity, the button will change to "Joined."
   5. At any time, a user can only participate in one trading competition activity. If a user participates in multiple activities, subject to meeting the most recent activity's entry criteria, such user shall be removed from any concurrent trading competition they have previously joined and only be entered into the most recent OKX activity which the user has joined.
   6. 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 Use.
4. By clicking "Join now", you consent to have your Profit and Loss Percentage (PNL%) publicly displayed on our leaderboard in perpetuity. This display may include your OKX UID, PNL%, email address, and rank compared to other users. Your PNL% will be displayed in a manner that does not disclose any other personal or sensitive information. If you wish to withdraw your consent at any time, please contact our support team.
5. Eligible Product: Only USDT perpetual swap trading pairs are eligible for this Trading Competition ("Eligible Contracts"). The maximum contribution of trading volume to the dynamic prize pool unlock is capped at 1 million USDT per eligible user, after which their trading volume will not be counted towards the unlock calculation.
6. Competition Prize Pool: The total prize pool for the Competition shall be adjusted according to the eligible cumulative trading volume of participants who have completed identity verification and reached the asset criteria. Detailed information on the prize pool is set out below:
7. 1. If the eligible cumulative trading volume is less than 80 million USDT, the competition prize pool will be 10,000 USDT
   2. If the eligible cumulative trading volume is more than 80 million USDT and less than 150 million USDT, the competition prize pool will be 20,000 USDT
   3. If the eligible cumulative trading volume is more than 150 million USDT and less than 210 million USDT, the competition prize pool will be 30,000 USDT
   4. If the eligible cumulative trading volume is more than 210 million USDT and less than 250 million USDT, the competition prize pool will be 40,000 USDT
   5. If the eligible cumulative trading volume is more than 250 million USDT and less than 320 million USDT, the competition prize pool will be 50,000 USDT
   6. If the eligible cumulative trading volume is more than 320 million USDT, the competition prize pool will be 70,000 USDT
8. Top 50 traders' prize allocation: Participating new users and existing OKX users (a) whose trading account equity is at least 100 USDT at time of registration into the Activity; and (b) who have accumulated at least 5,000 USDT in trading volume from Eligible Contract from the start of the Trading Competition to the end of the Competition Period ("Qualified Users") will be eligible to claim the prize pool in the following proportions based on the participant's PnL% position reflected on the Competition Leaderboard at the end of the Competition Period (subject to OKX internal evaluation):
9. 1. Rank 1 trader will get 28% of allocated prize pool
   2. Rank 2 trader will get 18% of allocated prize pool
   3. Rank 3 trader will get 12% of allocated prize pool
   4. Rank 4 trader will get 7% of allocated prize pool
   5. Rank 5 trader will get 5% of allocated prize pool
   6. Rank 6 to 10 trader will get 2% of allocated prize pool each
   7. Rank 11 to 20 trader will get 0.8% of allocated prize pool each
   8. Rank 21 to 30 trader will get 0.6% of allocated prize pool each
   9. Rank 31 to 40 trader will get 0.4% of allocated prize pool each
   10. Rank 41 to 50 trader will get 0.2% of allocated prize pool each
10. Shared Milestone Prize Pool: If the eligible cumulative trading volume is more than 150 million USDT, an additional "Shared Milestone Prize Pool" of 20,000 USDT will be unlocked.
11. 1. Qualified Users will be eligible to claim the prize pool in equal proportions, i.e the 20,000 USDT prize pool will be distributed to all Qualified Users in equal amount.
12. Referral rewards: Participating users who have enrolled in the competition will receive 5 USDT for every successful referral who completed these tasks during the Competition period: 1) signed up via the user's referral link after competition started, 2) enrolled in the Competition, and 3) executed their first trade during the Competition period.
13. 1. Referral rewards are capped at 25 USDT, or 5 successful referrals per participating user.
    2. The total reward pool for this category is 10,000 USDT.
    3. The rewards will be distributed on a first-come-first-serve basis for successful referrals.
14. All competition rewards will be distributed to the eligible recipients within 30 working days from the end of the competition. The platform has the right to postpone the issuance of rewards for any reason it deems necessary in its discretion, such as large-scale risk control checks and other issues.

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 promotion does not constitute and shall not be considered to be (i) investment advice or an investment recommendation; (ii) an offer or solicitation, buy or sell digital assets; or (iii) financial, accounting, legal or tax advice.
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 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. 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.