Competitions and promotions
King of Traders is live. Join to grab a share of 560,000 USDT!
2024-11-11 02:3408910
Get ready—Bitget is launching the King of Traders (KOT)! This year's promotion features a team battle, an individual challenge, and a grand airdrop, with a promotion pool of up to 560,000 USDT.
Schedule overview
King of Traders consists of a futures team battle, a futures individual challenge, and a grand airdrop, with a promotion pool of up to 560,000 USDT.
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Registration period for captains/team members: Nov 12, 2024, 9:00 AM – Nov 26, 2024, 11:59 PM
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Grand airdrops: Nov 12, 2024, 9:00 AM – Dec 27, 2024, 11:59 PM
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Futures team battle: Nov 27, 2024, 12:00 AM – Dec 27, 2024, 11:59 PM
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Futures individual challenge: Nov 27, 2024, 12:00 AM – Dec 27, 2024, 11:59 PM
1. Registration period
Team formation: Nov 12, 2024, 9:00 AM – Nov 26, 2024, 11:59 PM
Page access: Create a team (if you are a captain) > Join a team (if you are a member)
Users who create a team or join an existing team can participate in both the futures team battle and the futures individual challenge.
Team formation incentives: The first 50 captains to create a team will receive 100 USDT in trading bonuses and five merch sets.
Captain incentives: The captains who successfully form a team will receive an additional 300 XRP airdrop and a VIP+1 trial pass (limited to the first 50 captains, awarded based on formation time).
* Note: 1) Team formation incentives and captain incentives will be distributed within five working days after the challenge officially starts; 2) The VIP+1 trial pass is valid for 15 days.
Registration requirements：
1. Both captains and team members must have individual net futures assets of at least 300 USDT at the time of registration.
2. To successfully participate in the team battle, each team must have a minimum of 10 members, including the team captain (capped at 1,000 members per team).
3. The deadline for team formation is 24 hours prior to the start of the challenge. If a team has fewer than 10 members once the challenge begins, it will not be included in the team leaderboard. However, team members can still participate in the individual leaderboard .
4. Users can only join one team and cannot leave the team after joining.
5. Team captains can choose to form a public or private team. Team members can be removed during registration, but no member changes are allowed once the challenge starts .
6. Sub-accounts, market makers, brokers, and institutional accounts cannot register for the promotion.
2. Grand airdrops
To make your journey even better, King of Traders has added grand airdrops. During the registration period, there will be three airdrops, distributing a total of 8000 USDT in trading bonuses. Three more airdrops will take place during the futures challenge, offering a total of 12,000 USDT in equivalent trending coins. Total promotion pool: 20,000 USDT Take your trading experience to the next level!
| Period | Grand airdrop | Promotion pool (USDT) |
| Registration commencement (Nov 12) | 10 USDT in trading bonuses | 4,000 |
| Registration period (Nov 18) | 10 USDT – 30 USDT in trading bonuses | 2,000 |
| Registration period (Nov 22) | 10 USDT – 50 USDT in trading bonuses | 2,000 |
| Challenge start day (Nov 27) | 10–200 USDT worth of trending coins | 8,000 |
| Challenge period (Dec 12) | 10–100 USDT worth of trending coins | 2,000 |
| Before the challenge ends (Dec 26) | 10–50 USDT worth of trending coins | 2,000 |
Note: (1) Users with trading activities during the challenge period will be randomly selected for the airdrop; (2) Trending coins such as BTC, ETH, SOL, XRP, DOGE, PEPE, and SOL will be randomly distributed.
Challenge period: Nov 27, 2024, 12:00 AM – Dec 27, 2024, 11:59 PM
The futures trading challenge consists of a team battle and an individual challenge, with a promotion pool of up to 540,000 USDT. Users can participate in both sub-challenges.
3.1 Futures team battle
In the futures team battle, all teams are ranked by their ROI. Users must click to become a captain or join an existing team to register for the promotion.
Promotion pool unlocking: The corresponding team promotion pool will be unlocked based on the number of valid team members.
| Valid members | 500 | 1,000 | 2,000 | 3,000 | 4,000 | 5,000 | 6,000 | 10,000 |
| Promotion pool | 5,000 | 10,000 | 30,000 | 50,000 | 100,000 | 250,000 | 300,000 | 500,000 |
*Valid team members: Users who join a successfully created team and reach a futures trading volume of over 200 USDT.
Promotion pool allocation: Teams will be ranked based on their ROI.
| Team ranking incentives | In-team incentives | ||
| Team ranking | Share of the team pool | Ranking in the team | Share of the team pool |
| 1 | 30% | Captain | 20% |
| 2 | 20% | Top 20% | 30% |
| 3 | 10% | Eligible team members | 50% |
| 4th–10th | 40% | – | – |
Requirements:
1. Teams with fewer than 10 teams will not be eligible to share the promotion pool. Teams with negative ROI will not be eligible for the incentives.
2. Teams ranked 4th–10th: Team incentives = team ROI ÷ total ROI of teams ranked 4th–10th × 40% of the promotion pool. The incentive that each team can get is capped at 10%.
3. Intra-team incentives distribution: (1) The captain of the winning team will get 20% of the promotion pool. The top 20% eligible team members with ROI ranked at top 20% will split 30% of the promotion pool, while the remaining 50% will be shared by eligible team members. (2) The captain can also grab a share of the intra-team ranking incentives. (3) The incentives for team members must not exceed 10% of the corresponding promotion pool. If exceeded, only 10% will be calculated.
4. Eligibility for intra-team incentives: Captains or team members with an individual futures trading volume of 50,000 USDT and a positive ROI during the challenge will be eligible for incentives.
5. In the event that users or teams have the same ROI, the user or team with the higher trading volume will be ranked higher.
3.2 Futures individual challenge
Users will be ranked based on their trading volume in the individual futures trading challenge. Becoming a captain or joining a team will automatically register for the individual challenge.
Incentives distribution:
| Ranking | Incentive |
| 1 | Rolex (10,000 USDT equivalent) |
| 2 | LV (5000 USDT equivalent) |
| 3 | 20g gold bar (2000 USDT equivalent) |
| 4th–10th |
Macallan 18yrs Sherry Oak Cask (500 USDT equivalent)
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| 11–50th | A share of 20,000 USDT in proportion to their trading volumes. |
Requirements:
1. There must be at least 50 participants for the futures individual challenge promotion pool to be unlocked.
2. The top 10 winners must reach a futures trading volume of at least 10,000,000 USDT, while the top 11–50 winners must reach a futures trading volume of at least 5,000,000 USDT to qualify for the incentives. Users who fail to reach the futures trading volume are only eligible to be ranked but will not receive any incentives.
3. Team members ranked 11th–50th: Individual incentives = individual trading volume ÷ total trading volume of team members ranked 11th–50th × 20,000. The incentive that each user can get is capped at 500 USDT.
4. Physical incentives will be distributed in USDT.
Calculation rules:
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Team ROI = total PnL of the top 10 team members ÷ [total initial net worth of the top 10 team members (including unsettled PnL) + total deposits of the top 10 team members (transferred to futures account) ]× 100%. The top 10 team members are the top 10 team members by ROI.
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Team member ROI = PnL ÷ [Initial net value (including unsettled PnL) + Total deposits during the challenge (transferred to futures account)] × 100%.
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Team member PnL = account net value (including unsettled PnL) - initial net value (including unsettled PnL) + withdrawal during the challenge - deposit during the challenge - amount of trading bonuses. Only the data of the futures account is used in the calculation.
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Initial net value: The net value of futures assets held in the user's account for more than 15 minutes prior to the start of the competition will be calculated as initial net value.
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Users must have at least 300 USDT in their futures account to register. When the account's initial net value is less than 300 USDT at the start of the challenge, the ROI will be calculated based on 300 USDT.
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Account net value: The value is calculated every 15 minutes up until the end of the challenge.
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Deposit: The total deposit amount in the futures account during the challenge.
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Withdrawal: The total withdrawals from the futures account during the challenge (including transfers to other accounts).
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Only assets in the futures account will be calculated.
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Transferring funds to a futures account counts as a deposit, while transferring funds from a futures account to a spot or other account counts as a withdrawal.
Other rules
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Bitget will conduct a review of all users and promptly disqualify those who employ any technical means, including but not limited to electronic, robotic, repetitive, or automated methods for the purpose of registration, trading, or reaching promotion goals. Disqualification will apply even if users employ malicious means for only part of their registration or participation in the promotions.
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Grand airdrop incentives will be distributed on the same day of the airdrop and will be credited no later than T+1. Incentives for team battle and individual challenge will be distributed within seven working days after the promotion ends. If you do not receive your incentives within the designated period, it means that upon review, you did not meet the requirements. Contact customer service if you have any questions.
Terms and conditions
1. Users found to be engaging in wash trading, improper matched orders, bulk registration, and self-dealing will be immediately disqualified.
2. Users who place and cancel maker orders too frequently will be disqualified.
3. If multiple accounts are detected to be operating from the same IP address, all users under the same IP address will be disqualified.
4. This event is not applicable to regions such as India, Vietnam, Indonesia, Bangladesh, Africa, Pakistan, Turkey, Russia, Nigeria, etc.
5. Bitget reserves the right of final interpretation of the competition.
5. Bitget reserves the right of final interpretation of the competition.
6. All participants must strictly comply with Bitget's terms and conditions.
7. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.
8. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.
9. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions.
Disclaimer
Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own risk.
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