Dear BitMart Users,
The market has been in a tight trading range for weeks.
Expecting a significant price movement coming soon?
Join BitMart Futures Long vs. Short Competition, a total of 5,000 USDT in prizes!
Competition Period
| No. | TIME (EDT = UTC-4) | TRADING PAIR |
| Round 1 | 00:00 AM 6/27 - 10:59 PM 6/27 (EDT) | BTCUSDT_SWAP |
| Round 2 | 00:00 AM 6/28 - 10:59 PM 6/28 (EDT) | BTCUSDT_SWAP |
| Round 3 | 00:00 AM 6/29 - 10:59 PM 6/29 (EDT) | BTCUSDT_SWAP |
| Round 4 | 00:00 AM 6/30 - 10:59 PM 6/30 (EDT) | BTCUSDT_SWAP |
| Round 5 | 00:00 AM 7/1 - 10:59 PM 7/1 (EDT) | BTCUSDT_SWAP |
How to Participate?
There will be a total of five rounds during the competition period.
In each round, users who BUY/LONG position on BTCUSDT_SWAP will be automatically divided into the BULL Team, while users who SELL/SHORT position on BTCUSDT_SWAP will be automatically divided into the BEAR Team.
The competition is counted every 23 hours based on Eastern Daylight Time (UTC-4). If the daily candlestick is closed in "Green", then the BULL Team wins; if it is closed in "Red", the BEAR Team wins. The traders of the winning team will be eligible to share the prize pool of 1,000 USDT for each round according to the formulas below.
- Position value = Contract Size (0.0001 BTC) * Position * Open price
- User’s rewards = user’s position value / total position value * 1,000 USDT
Note:
- By trading BTCUSDT_SWAP on “BitMart Futures - Actual Trading”, users will be automatically divided into the Long vs. Short Competition.
- Open orders will NOT be counted in the competition.
- In each round, only the position open between 00:00 AM and 10:59 PM (EDT) will be counted, any orders open in the last hour of 11:00 - 11:59 PM (EDT) will NOT be counted.
- In each round, users can open both LONG and SHORT positions, the contracts will be counted in BULL or BEAR team separately.
- The opening amount will only be counted on each round separately. Any opening amount open in the previous round will not be counted in the round after.
- Results will be announced after the competition concludes. All the rewards will be sent within 7 business days after the competition concludes.
- All trades that we deem to be “wash trades” will not be counted towards your trading volume for this trading competition. BitMart reserves the right to freeze any suspected accounts.
- BitMart reserves the right to cancel or amend the competition or competition rules at our sole discretion.
ATTENTION: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. BitMart will make its best effort to list only high-quality coins, but will not be responsible for your investment losses.
Thanks for supporting BitMart!
BitMart Team
June 26, 2020
