Deriv Competitions and Tournaments
In the world of derivatives competitions and tournaments, there is a myriad of rules that must be observed to guarantee fair play. From hiring practices to promotion policies and coding competitions, these requirements must all be observed to guarantee everything runs smoothly.
Bitget recently unveiled their inaugural global trading competition, King's Cup Global Invitational (KCGI). This initiative has been created to spur users' growth, give them exposure to international users, and boost brand awareness within the derivatives space.
Trading Volume
Bybit offers a range of competitions, each with its own rules and rewards. Some are ranked based on Profit & Loss (P&L) ratio while others reward participants based on trading volume. No matter which type you enter into, remember that you must reach a minimum trading volume before being eligible for any of Bybit's rewards.
After each user signs up for the competition, their trading volume is calculated. It represents how many cryptocurrencies they trade over a certain period and also includes single-digit price fluctuations known as pips.
Futures trading uses pip prices as a unit of measurement; each pip represents 1/100th of one percent price movement. This provides you with an ideal way to assess your progress and benchmark yourself against other traders.
However, keep in mind that trading volume can be tricky to gauge if you're unfamiliar with the market. It's especially challenging when trying to monitor activity on sub-accounts; hence why Binance has stringent policies regarding how this data is utilized.
Therefore, it's essential to take your time when calculating your trading volume. Furthermore, if competing in a P&L-ranked competition, make sure your trading volume exceeds the required minimum before earning any of Bybit's rewards. For instance, the 2023 Trading Competition held in February required a trading volume of $5,000 before earning any prizes from Bybit.
Eligible Users
Deriv offers plenty of competitions and tournaments that provide cash prizes for successful traders. Each competition is based on trading volume, offering various rewards to those who achieve success.
The great news is that these competitions are free to enter and only require a few minutes of your time. All you need to do is create an account by providing your name, date of birth and email address. That's it! It couldn't be simpler!
Once registered, you can start earning money by referring new customers to Deriv. The company offers a commission plan which rewards up to 45% of the net revenue generated by customers referred by you.
This program offers you an excellent opportunity to make some extra money and promote your business at the same time. As part of the initiative, you'll receive a unique associate link that can be used for promotion of both your company and broker's cutting-edge platforms.
Deriv is a respected multi-asset online broker that serves customers from around the globe. With its award-winning service and extensive list of regulated jurisdictions, Deriv provides an ideal environment for traders of all skill levels and experience to trade. The free demo account gives traders the chance to practice their trades before risking real money; further, Deriv offers numerous educational tools at no extra cost. Furthermore, Deriv provides secure funding solutions such as credit/debit cards, bank transfers and e-wallets; not forgetting various trading options from forex to binary options plus more!
Prizes
Prizes offered in a derivative competition or tournament vary, but typically include cash awards and other gifts. A first-place winner may earn up to 1,000 USDT; participants in the top 10 of each competition may also be awarded prizes. Some competitions also provide participants with an opportunity to win a prize each day of the event; sometimes, first-place winners receive cars, phones or other merchandise as rewards.
To be eligible for a competition or tournament, you must meet the specific qualifications established by its organizers. For instance, a user must have at least 200 USDT in their Bybit Derivative wallet before the contest commences and have executed at least 20 trading transactions of Derivative Contracts during that period. The winners will be determined based on their performance during the competition, such as Profit & Loss percentage (P&L%) and Effective P&L percentage. If two participants produce similar P&L percentages, trading volume will be used to decide who comes out on top. Interested users can register for a competition on Bybit's website; their latest event, Derivatives 15-Day Tournament, is being held to commemorate Bybit's 4th anniversary.
Rules
Derivatives King Tournament winners are determined by several factors, such as trading volume and competition rules. Those with the most trades during a specific time period will be awarded prizes, and winners can view their winnings in real time via their JPEX spot wallets. Eligible traders must re-authenticate when claiming their prize and present valid proof of identity in the form of a recent photograph, birth certificate or other acceptable document. The top ten users with the highest trading volume during this competition will receive a set of 10 million BTC in JPEX tokens as their prize. Discover who the ultimate winner is by joining the top ranked contestants. To participate, you must be a member of JPEX. Applications are still being accepted until May 21, 2022 at 14:00 UTC (Pacific Standard Time). Below are the official rules of this competition.