Q&A: Bitget’s First KCGI (King's Cup Global Invitational)
【About KCGI】
Q: What's the full name of KCGI?
A: King's Cup Global Invitational
Q: How often will the KCGI be held?
A: The competition will be held annually, and the theme for this year is "Defend the Earth against Pixel Invasion".
Q: What are the different phases of the competition?
A: Registration period: 2021/10/20 10:00am - 2021/11/4 10:00am (UTC+8)
Competition Period: 2021/10/30 10:00am - 2021/11/20 10:00am (UTC+8)
Q: How will the competition be held?
A: The KCGI will be held both in the forms of Team Battle and Individual Competition. There are also additional sessions such as City Assembly, Lords Assembly, Airdrop for All, Lucky Lottery, Post-Competition Bonus and Early Bird Benefits.
Q: What the eligible futures for this competition?
A: Unified Futures.
1. Early Bird Benefits
Q: What’s the time period for Early Bird Benefits?
A: 2021/10/20 10:00am - 2021/10/24 10:00am (UTC+8)
Q: How to be qualified for Early Bird Benefits?
A: You need to register as a captain and form a team, or register as an individual player within the above period.
Q: How will the benefits be distributed?
A: Captains who sign up and complete their team formation will receive 50 USDT trial funds for futures. The rewards are limited to 300 people. Individuals who sign up will receive 20 USDT and the rewards are limited to 100 people.
Q: How many members does it need to form a team?
A: An eligible team needs to recruit at least 30 members.
Q: When will the Early Bird Benefits be distributed?
A: The prize will be distributed to BTCUSDT">BTC/USDT futures account before the competition.
2. Team Battle, or Territory Battle
About the Team Battle
Q: What are the eligible futures for Team Battle (Territory Battle)?
A: Unified Futures.
Rules for sign-up as a captain
Q: How to register as a captain?
A: Select your competition division on the captain registration page, click "Sign up as captain", create a team, and submit your team information, we will complete review within 24 hours.
Q: Who can apply to be a captain?
A: Captains need to hold a net value of at least 500 USDT equivalent in futures when applying for establishing a team.
Rules for sign-up as a team member
Q: How to register as a team member?
A: All global users may select a preferred captain on the Competition Page to join his or her team. Each participant can only join one team and may not switch to other teams afterwards.
Q: Who can apply to be a team member?
A: Team members need to hold a net value of at least 300 USDT equivalent in futures when applying for joining a team.
Q: What if there are less than 30 people in a team when the registration period is closed.
A: If the team fails to recruit at least 30 people 30 minutes prior to the competition (October 29, 10:00am, Singapore time), it will be automatically disbanded, with team members randomly allocated to other teams.
Rewards Distribution
Q: What's the size of the prize pool for Team Battle (Territory Battle)?
A: The total prize pool for the Team Battle is 50 BTC, depending on the number of teams participating in the game. It takes 500 teams to unlock the total 50 BTC prize pool.
Q: Which teams are qualified to share the prize pool?
A: The teams will be ranked by their total profits and the top 10 teams will split the rewards pool based on the proportion of their profits. (Note: During the competition period, captains with a total individua l trading volume of no less than 100,000 USDT will be qualified to share the rewards pool, and team members need to trade no less than 50,000 USDT.)
Q: How will the rewards be distributed within the winning teams?
A: Within each team, the captain can receive 10% of the team's total prize. The remaining prize will be distributed among other players according to the proportion of their profits. The 1st place will receive 30%, 2nd place will receive 20%, the 3rd place will receive 10%, and the 4th-10th places will share the remaining 30% according to the proportion of their profits.
Q: When will the prize be distributed?
A: Rewards will be distributed to Bitget accounts within 10 days after the competition ends and can be withdrawn directly.
Q: How to get a themed NFT or PS5 game console?
A: The captains in the Top 7 team by trading profits can each get a customized NFT. The top3 profit contributors in the Top3 teams by trading profits can each receive a PS5 game console.
3. Individual Competition--- Super Leaders and Super Heroes
About Individual Competition
Q: What are Super Leaders and Super Heroes?
A: This year's KCGI Individual Competition is divided into Super Leaders (ranking by PNL%) and Super Heroes( ranking by profits) sessions.
Q: How to participate in Individual Competition?
A:The applicant need to hold at least 300 USDT equivalent in futures at time of application.
Q: What the eligible futures for Individual Competition?
A: Unified Futures.
Q: I have registered for the Team Battle, can I participate in Individual Competition?
A: Yes. The Team Battle and Individual Competition are two separate games with separate rewards pools. Winners of Individual Competition can also claim rewards for Team Battle if qualified.
Rewards Distribution
Q: What are the prizes for Individual Competition?
A: The total prize pool for Individual Competition is 50 BTC, which will be awarded according to the ranking of PNL% and Profits respectively. Top10 participants by PNL% will share 30% of the rewards, Top 10 participants by Profits will share the remaining 70%.
Q: How will the two separate rewards be distributed?
A: In each session, top 1 can share 40%, the second place will share 20%, the third place will share 10%, and the 4th-10th places will share the remaining 30% according to their proportion of trading volume or profits; (Please note: individuals with a total trading volume of no less than 80,000 USDT will be qualified to share the rewards pool)
Q: When will the prize be distributed?
A: Rewards will be distributed to Bitget accounts within 10 days after the competition ends and can be withdrawn directly.
Q: How can I get a HHKB keyboard or DJI drone?
A: Top3 traders by PNL% will each receive a HHKB keyboard. Top3 traders by Profits will each receive a DJI drone.
4. Additional Sessions - City Assembly
Q: Who can participate in City Assembly?
A: All participants in the Team Battle (Territory Battle) are qualified to compete in City Assembly.
Q: How will the prizes be distributed?
A: For the division with the most winning seats in Territory Battle, all the participants within the division will receive an airdrop of 50 BGB (500,000 BGB in total).
Q: If the number of winners exceeds limitation, how will the prizes be distributed?
A: The rewards will be distributed according to the rankings of trading volumes.
5. Additional Sessions - Lords Assembly
Q: Who can participate in Lords Assembly?
A: Captains will unlock the BGB rewards pool if they can obtain valid users during the formation of the team.
Q: What does it mean to obtain valid users?
A：New users who deposit no less than 500 USDT with a total trading volume of no less than 50,000 USDT will be considered as valid new users.
Q: What’s the size of the BGB prize pool?
A：1 million BGB. The rewards for the TOP team will be doubled.
Q: How will the BGB prize pool be shared?
A: Any team acquiring no less than 50 new users is qualified to share the BGB prize pool, with captains receiving 40% and members splitting the remaining 60% based on the proportion of their trading volumes.
Q: When will the BGB rewards be distributed?
A: The rewards will be locked and released over 3 months.
Q: How to win Bitget's exclusive sign-on benefit package?
A： Within each division, the Top10 captains in terms of acquiring new users will get an exclusive "Sign-on" benefit package from Bitget, which includes top media exposure / video promotion, the co- ambassadorship of Bitget's next trading competition and 60,000 BGB bonus each for being signed.
6. Additional Sessions - Airdrop for All
Q: Who can participate in the Airdrop for All?
A:Participants whose total trading volume reaches 100,000 USDT during the competition will receive an airdrop of 99 BGB by following our official Twitter and joining our Telegram
Q: What can be calculated into the accumulated trading volume?
A: Participants using USDT-margined futures trading pairs or Inverse Futures trading pairs can have their trading volumes counted into the accumulated trading volume.
Q: Is there a cap on the total amount of Airdrop for All?
A: The total supply for the airdrop is 1 million BGB. Traders who reach the trading volume criteria first will receive the rewards first.
7. Additional Sessions - Lucky Lottery
Q: What is Lucky Lottery?
Lucky Lottery means users can complete tasks to earn points and win the chance to participate in a lottery draw.
Q: What are the prizes for the Lucky Lottery?
A: The prizes include: Meebits NFT, HTC-VIVE VR eyeglasses, DJI drones, PS5 game consoles, HHKB keyboards, Sony-Sennheiser headphones, themed T-shirts, themed NFTs, customized pixel persons, car mugs and themed gift boxes.
Q：What’s the rule for earning points by completing tasks.
A: You can earn points by completing the following tasks:
- 2 points for completing KYC.
- 1 point for sharing personal performance once (maximum 5 points)
- 1 point for sharing team performance once (maximum 5 points)
- 3 points for every increase of 100,000 USDT trading volume (maximum 9 points)
8. Additional Sessions - Post-Competition Bonus
Q: Who can participate in the Post-Competition Bonus?
A： At the end of the competition, participants who have a net deposit of 2,000 USDT and a cumulative trading volume of no less than 500,000 USDT during the contest will have the chance to earn post-competition bonus.
Q: What can be calculated into the accumulated trading volume during the competition?
A: Participants using USDT-margined futures trading pairs or Inverse Futures trading pairs can have their trading volumes counted into the accumulated trading volume.
Q: What is the prize for the Post-Competition Bonus?
A: Users who are qualified to participate in the Post-Competition Bonus will have a chance to draw an exclusive NFT custom-made for Bitget's first trading competition.
Bitget team
October 19, 2021.
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