December 15 Master Trader Competition Terms and Conditions/Master Trader Competition Terms and Conditions
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Master Trader Contest Only for Bitfinex users in VietnamThe country of account registration is Vietnam.
Master Trader Contest participants must Register Via this form: Link model To participate.
Master Trader Contest Begins on Friday 22 Month 12 year 2023 00:00 Vietnam time (GMT+7) and ends on Friday 05 Month 01 year 2024 23:59 Vietnam time (GMT+7).
Participant must Minimum verification level Basic Plus To create a secondary account and participate in the competition.
Only participants are registered One Second account Just You do not have available funds to participate in the competition. Watch video instructions on how to create a subaccount and how to deposit Tether (USDt) into the account.
Participants must deposit into their subaccounts Once only. Any amount above $10 All are acceptable. The amount must be deposited USDt. It is recharged more than once incorrect Acceptable during the competition period.
Participants can trade at all spot And derivative Or use any other Bitfinex product using a registered sub-account. Participants need to reach the intermediate verification level if they want to conduct financial derivatives trading.
Participant must Close all parking lots And convert to USD or USDT before 23:59 Vietnam time (GMT+7) January 5, 2024. Only balance earnings results in USD and USDT are accepted.
The top 3 traders with the highest profit percentage (%) compared to the initial balance will be counted for rewards as follows:
- First prize: 500 dollars
- Second prize: $ 200
- Third prize: $100 dollars
Percentage (%) of profit It will be calculated as follows: (Sub-account balance after participating in trading until January 5, 2023) / (Amount deposited in the sub-account registered in the form before trading * 100)
For example: Linh and Quang started the contest with starting balances of $100 and $10, respectively, and finished the contest with starting balances of $120 and $13, respectively. Linh has a 20% increase in his balance but Quang has a 30% increase in his balance. Quang will rank higher than Linh in the world rankings.
If two players have the same winning percentage on their starting bankroll, the player with the larger bankroll will receive a higher rank due to the higher risk percentage.
Winners will be announced within 03 Working days after the end of the competition.
The prize money will be transferred to the winner's main account within one week of notification.
Any cheating will result in disqualification. Violating the Bitfinex Terms of Service, violating the Bitfinex Trading Rules Policy, or violating the general campaign rules will result in disqualification.
Bitfinex reserves the right to proactively disqualify contestants who violate any of the above procedures.
Bitfinex employees are not eligible to receive prizes from the contest.
Join the Bitfinex Vietnam community to learn more about the rules and get the latest updates about other exclusive offers exclusively for Vietnamese users: TG Chat | Facebook | Sedition
The Master Trader Contest is only offered to Vietnamese customers on Bitfinex whose registered country is Vietnam.
Customers must register through this Form link To participate in the competition.
The Master Trader Trading Contest starts on Friday, December 22, 2023 at 00:00 Vietnam time (GMT+7) and ends on Friday, January 5, 2024 at 23:59 Vietnam time (GMT+7).
Participants must reach the additional basic verification level to create a sub-account and join the contest.
Each participant must participate in only one sub-account with no current contest balance. Watch this video for instructions on how to create a subaccount and deposit Tether (USDt) to your balance.
Each participant must deposit into his or her sub-account Once only. Any amount over $10 is accepted. The currency must be USDt. No other currency is allowed. Reloading is not permitted during the campaign period.
Participants can trade spot and derivatives or utilize any other products from Bitfinex. Participants will need to reach the intermediate verification level if they wish to make derivatives trades.
Participants All their open positions must be closed All assets in the account must be exchanged for USD or USDT before January 5, 2023 at 23:59 Vietnam time (GMT+7). Only settled USD and USDT balances will be included in the account value calculation.
The top 3 traders in terms of profit percentage on the initial balance will be rewarded as follows:
– First prize: 500 US dollars
– Second prize: 200 US dollars
– Third Prize: 100 US dollars
The profit percentage will be calculated as follows: (Sub-account balance registered on January 5, 2024 at 23:59 Vietnam time)/ (Initial sub-account balance registered after December 22, 2023 at 00:00 Vietnam time (GMT+7) * 100
For example:
Linh and Quang start the competition with a starting balance of $100 and $10, respectively, and finish the competition with $120 and $13, respectively. Linh got a profit of 20% of her balance, but Quang got a profit of 30% of her balance. Quang will rank higher than Linh on the leaderboard.
In the case where two traders get the same percentage profit on their initial balances, the trader who manages a larger balance will rank higher in taking more risk.
Winners will be announced within 3 working days After the competition ends.
Winnings in USD will be credited to winners' main accounts 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 General Contest Rules will result in disqualification.
Bitfinex reserves the ability to disqualify participants at its sole discretion upon any violation of the above terms.
Bitfinex employees cannot participate in the contest.
Join the Bitfinex Vietnam communities to learn more about the Paper Trade Contest and be the first to know about other exclusive offers for Vietnamese customers: TG Chat | Facebook | Sedition
