BNB Trading Challenge
11 May, 10:00 AM UTC - 25 May, 10:00 AM UTC
How to Win
Step 1: Register
Be one of the first 50 participants to register by completing the following 3 actions:
[Reward: 15 USD]
Deposit a minimum of 100 USD or have a minimum of 100 USD in your wallet.
Execute 3 trades on the BNB-PERP market. Each of the 3 trades requires a minimum volume of 100 USD after leverage to qualify for the registration.
Post a tweet on Twitter with your custom hashtag from us!
Your registration is complete once all three steps on the registration page have the green "COMPLETED" text as shown below:
Step 2: Trade any perpetual contracts
Participants will be airdropped USD at the end of the event depending on their PnL % and ranking. Track your rankings on app.dem.exchange/competition
Losers Rebate - Be one of the first 30 registered users and earn up to 20 USD rebate if you end the competition with negative PnL [Rebate: Up to 20 USD]
Be one of the top 5 participants with the highest PnL % by the end of the campaign [Reward: Up to 250 USD]
#1 - $250 USD
#2 - $200 USD
#3 - $150 USD
#4 - $100 USD
#5 - $50 USD
FAQ
Q1. Can I execute 3 trades on any perpetuals market to register?
No, you are required to execute 3 trades on the BNB Perpetuals Market to register. You may trade on other perpetuals markets, but they will not be counted until your registration is complete.
Q2. What if I trade before registering?
Your trades prior to registering will not be counted. Please complete your registration before trading for your trades to be counted in the Leaderboard.
Q3. How do I know if I have completed my registration?
You have completed your registration there are 3 green “COMPLETED” signs under “How to Register”.
Q4. What rewards / rebates do I earn?
Prizes can be earned through 3 ways:
Complete your registration (Reward: 15 USD)
As long as you are one of the first 50 participants who have completed registration, you will receive the reward.cant
Completing your registration means 1) depositing 100 USD in your wallet, 2) executing 3 trades on the BNB-PERP market and 3) tweeting with your custom hashtag.
Top 5 on the leaderboard (Reward: Up to 250 USD)
Prizes will be distributed across the top 5 on the leaderboard.
Losers Rebate (Rebate: Up to 20 USD)
As long as you are one of the first 30 registered participants who have ended the competition with a negative PnL, you will receive the rebate.
Q5. How does the Losers Rebate work?
If you have a negative PnL at the end of the competition, you will receive a rebate up to 20 USD, depending on the amount you have lost.
For example
Scenario A: If you end the competition with -4.50 USD, you will receive 4.50 USD during the prize payouts.
Scenario B: If you end the competition with -45 USD, you will receive 20 USD during the prize payouts.
Leaderboard Calculations
The calculations for Equity as well as Individual PnL% are as follows:
Equity = Balance + Unrealized Profit and Loss
Individual PnL% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)
Note: Trading fees and funding fees are NOT included in the Individual PnL calculations
Any conversion from USDC/axlUSDC/BUSD to USD, spot trading, withdrawal of liquidity, deposits or transfers of USD resulting in an increase in your USD available balance will affect your initial equity. We therefore encourage a separate account for participation in this competition. Example for calculating initial equity:
User deposits 500 USD -> Initial Equity = 500 USD
User removes liquidity of 300 USD from a liquidity pool -> Initial Equity = 800 USD (500+300)
User receives internal transfer of 200 USD -> Initial Equity = 1000 USD (800+200)
User withdraws 250 USD -> Initial Equity = 1000 USD (Negative outflow does not affect the initial equity)
Hence, all positive inflow of USD will affect your initial equity, while negative outflow will not. Initial Equity is calculated at the start time of the trade.
Terms & Conditions
Demex reserves all rights to the final interpretation of this event.
Demex reserves the right to disqualify orders or trades that are deemed fraudulent, amend any competition rule, guideline or activity at our sole discretion.
All current and new users are eligible to join the BNB Perpetuals Trading League
Kindly note that you are ineligible to participate in this campaign if you are located in these regions.
Prizes will be airdropped to winners as USD to the Carbon wallet addresses used in the competition, within 90 days from end of the competition.
Users will need to register via depositing or having a minimum balance of 100 USD in their Demex account, executing 3 trades on BNB perpetuals market, tweeting with custom hashtag generated by Demex to be eligible for rewards.
All current and new users are eligible to join the event during 11 May 2023, 9:00AM - 25 May 2023, 9:00AM (UTC)
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