Indonesia, Thailand, and the Philippines Only — SEA Derivatives Trading Championship: Up to 200 Winning Slots and 400,000 USDT Prize Pool!

 

 

Bybit is excited to announce that after a successful run of the previous edition of the SEA trading competition, we are back with another exciting contest!

Our upcoming event, the SEA Derivatives Trading Championship, will be held specifically for our Indonesian, Filipino, and Thai users with the same competition rules. This competition will have a prize pool that will automatically increase as the number of participants increases. The total limit for the prize pool is 400,000 USDT with up to 200 winning slots!

How to Enter the Competition

Registration begins Feb. 17, 2022, 10AM UTC and ends Feb. 23, 2022, 10AM UTC. All you need is $50 in USDT or any equivalent assets in your Derivatives account and you’re in! For new users or existing Bybit users who don’t have any balance in their wallets, simply make your first-time deposit to join. Head to the event page to register.

Please note that participants may trade more than one contract but the trading volume in one of the contracts has to meet the volume requirement of at least $3,000 to be eligible for rewards.

Let’s see the examples below:

Alex traded 2 pairs:

#1 USDT $1,000, P&L: +20%

#2 BTC $5,000, P&L: +5%

Only Alex’s #1 trade is counted towards his ranking. However, he did not meet the $3,000 minimum trading volume requirement, so he is not eligible for the rewards.

Alicia traded 2 pairs:

#1 USDT $5,000, P&L: +3%

#2 BTC $1,000, P&L: +1%

Alicia’s #1 trade will enter the ranking. As she meets the $3,000 minimum trading volume requirement, she is eligible for the rewards.

That’s it! All you need to do now is to compete for the highest individual P&L(%)!

Trading Period: Feb. 23, 2022, 10AM UTC - Mar. 2, 2022, 10AM UTC

 

Invite your Friends to Trade Together and Unlock Bigger Prize Pool

The more people we have joining the competition, the bigger the pool of rewards to be unlocked. Here's how the reward tiers work:

Additional prizes for traders with highest trading volume:

3 traders in the 1st - 3rd rank (based on trading volume) will get an Apple iPhone each 

5 traders in the 4th - 8th rank (based on trading volume) will get an Apple iWatch each

P&L(%) Calculation Formula

P&L(%)= Profit / (Initial Equity + Total Deposits) *100%

Profit = [Account Final Equity (incl. unrealized P&L and/or bonus) - Account Initial Equity (incl. unrealized P&L and/or bonus) + Withdrawal amount during the competition - Deposit amount during the competition]

Deposits = Accumulated deposits (incl. transfers, awarded bonus, commissions, asset exchange) during the competition period

Withdrawals = Accumulated withdrawals (incl. any withdrawals and asset exchange) during the competition period

Represent your country and show us what you’ve got! Good luck :) 

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Terms and Conditions:

1. If a participant's trading volume in one of the cryptocurrencies does not meet the volume requirement, the P&L(%) of the cryptocurrency with the highest P&L(%) will be listed in the ranking, but the participant will not be awarded unless the volume requirement is met before the end of each competition.

2. If two participants produce the same P&L(%) or Effective P&L(%), the final ranking will be determined by their total trading volume.

3. The Effective P&L(%) is the P&L(%) of a coin that has met the trading volume requirement.

4. The highest prize pool will be 400,000 USDT.

5. The final results will be shown on the main page once confirmed. All rankings are not final until confirmed by a result announcement displayed on every participant's ranking page.

6. The award will be credited to the top winners in terms of Individual P&L(%), and it will be based on the total number of participants and the unlocked prize pool.

7. Participants with the highest Individual P&L(%) in the top ranks will need to meet the required trading volume set by the individual cryptocurrency type to be awarded.

8. The winners of the Apple iPhone and Apple iWatch prizes will be announced on the official Instagram and Telegram channels.

9. The award will be credited to the winning Bybit accounts within 20 working days from the result announcement; winners can then make withdrawals upon the receipt of the award.

10. Bybit reserves the right to disqualify a user if he/she engages in any inappropriate, dishonest or abusive activities (such as wash trading, volume faking, participating using multiple accounts, market manipulation, etc.) during the competition.

11. If users with similar trading strategies have been detected by our risk detection engine, only the participant with the highest P&L(%) will be allowed to continue in the competition.

12. If users have been detected to have engaged in matched trading activities by our risk detection engine, all associated users will be disqualified from the competition.

13. During the competition, any user who cancels more than 10 orders per minute may be disqualified.

14. Each Bybit account can only participate in one (1) competition within the same time frame.

15. Bybit reserves the right of final interpretation of the terms and conditions. If you have any questions, please contact our customer service.