December 15th Master Trader Competition Terms and Conditions/Master Trader Competition Terms and Conditions
announcement
Master Trader Contest Only for Bitfinex users in VietnamThe country of account registration is Vietnam.
Master Trader Contest participants must: It is registered Via this form: link form Participation.
Master Trader Contest start on friday 22 month 12 year 2023 From 00:00 VNT (GMT+7) and ends on Friday. 05 month 01 year 2024 23:59 VNT(GMT+7).
Participants must Basic Plus level minimum certification Create a secondary account and enter contests.
Only participants can register one second account Only To participate in contests. Watch video instructions on how to create a sub-account and deposit Tether (USDt) into your account..
Participants must deposit money into their sub-account. only once During the competition. above amount $10 All are allowed. The deposited amount must be: USDt. Recharged more than once Not like that Allowed during the contest period.
Any participant can trade. dot and derivative With registered sub-accounts. Participants must reach the full certification level to conduct derivatives trading.
Participants must liquidate all positions Convert to USD or USDT before VNT (GMT+7) on 5 January 2023 23:59. Only balance profit results denominated in USD and USDT are accepted.
The top three traders with the highest profit margin (%) compared to their initial balance will be rewarded as follows:
- First Prize: $500
- Second Prize: $200
- Third prize: $100
Percentage of Profit (%) It is calculated as follows:: (Sub-account balance after participating in the transaction by January 5, 2023) / (Amount deposited into the sub-account registered in the form before the transaction * 100)
for example: Linh and Quang started the contest with starting balances of $100 and $10, respectively, and ended the contest with balances of $120 and $13, respectively. Linh’s balance increased by 20%, while Quang’s balance increased by 30%. Quang will rank higher than Linh in the rankings.
If two players have the same profit percentage from their starting balance, the player with the larger balance will be ranked higher due to their greater risk percentage.
Winners will be announced within. 03 Business days after contest ends.
Prize money will be transferred to the winner’s primary account within one week of notification.
Cheating will result in disqualification. Violation of Bitfinex Terms of Service, violation of Bitfinex Trading Rules policy, or violation of general campaign rules will result in disqualification.
Bitfinex reserves the right to pre-emptively disqualify any participant who violates the above procedures.
Bitfinex employees are not eligible to win prizes in contests.
Join the Bitfinex Vietnam community to learn more about the rules and get the fastest updates on other exclusive offers available only to Vietnamese users: TG Chat | Facebook | Dissension
The Master Trader competition is only available to Vietnamese customers of Bitfinex whose country of registration is Vietnam.
Customers must sign up through this. form link To participate in competitions.
The Master Trader trading competition begins on Friday, December 22, 2023 at 00:00 VNT (GMT+7) and ends on Friday, January 5, 2023 at 23:59 VNT (GMT+7).
Contestants must reach the Basic Plus authentication level to create a sub account and participate in the competition.
Each participant must register only one sub-account for the Contest. Watch this video for instructions on how to create a subaccount and deposit Tether (USDt) to your balance..
Each participant must make at least a deposit into the sub-account. only once During the campaign. Any amount over $10 is accepted. Currency must be USDt. No other currencies are accepted. Reloads are not permitted during the campaign period.
Participants can trade both spot and derivatives. Participants wishing to trade derivatives must obtain full certification.
participants All open positions must be closed. All assets in your account must be exchanged for USD or USDT before 23:59 VNT (GMT+7) on January 5, 2023. Only paid USD and USDT balances are included in account value calculations.
The top three largest traders based on percentage profits of their initial balance will be rewarded as follows:
– 1st prize: US$500
– Second Prize: US$200
– 3rd Prize: US$100
Percentage profit is calculated as follows: (Balance of sub-accounts registered in VNT on January 5, 2023 23:59) / (Starting balance of sub-accounts registered after 00:00 VNT (GMT+7) on December 22, 2023 * 100
for example:
Linh and Quang began the competition with initial balances of $100 and $10, respectively, and ended the competition with initial balances of $120 and $13, respectively. Linh made a 20% profit on the balance, while Quang made a 30% profit on the balance. Quang will rank higher than Linh on the leaderboard.
In a situation where two traders have the same percentage profit on their initial balance, the trader who manages the larger balance is ranked higher in order to take on more risk.
Winners will be announced within a year. 3 business days After the competition ends.
The winnings will be credited in USD to the winner’s primary account within one week of announcement.
Any attempt to cheat will result in disqualification. Violation of the Bitfinex Terms of Service, Bitfinex Trading Rules, or Bitfinex Competition General Rules will result in disqualification.
Bitfinex reserves the right, at its discretion, to disqualify any participant for violation of the above terms and conditions.
Bitfinex employees are not permitted to participate in the competition.
Join the Bitfinex Vietnam community to learn more about Paper Trade competitions and be the first to know about other exclusive offers for Vietnamese customers: TG Chat | Facebook | Dissension