In a release sent to our desks, Huobi Futures confirmed the launch of two trading competitions – guessing and regional trading competitions – setting up a total prize pool of $110,000.
XRP VS. DOGE Swaps? Guess the Stronger One!
The first competition is a guessing game that will run from April 19, 2021, at 2.00 AM UTC till April 25, 2021, at 8.00 AM. The game is simply guessing which asset – between XRP/USDT swaps VS DOGE/USDT swaps – will have a larger percentage rise during the competition period.
The guessing game is reserved only for registered Huobi Futures users with a daily trading volume of at least $1,000 in XRP swaps or DOGE swaps. Both coin-margin and USDT-margin traders are allowed to participate.
The competition has a prize kitty of $50,000 that will be equally shared among participants with 3 gold medals ($30,000) and 5 gold medals (extra $20,000). So how do you earn your gold medal?
If the asset you trade has a higher percentage rise at the close time of the USDT-margined swaps the next day, you get a gold medal. The “next day” rise is calculated as the percentage difference between the close price and the open price of the next day.
The awards will be disbursed to winners 7 business days after the completion of the guessing game activity.
You can join the campaign here.
Six-Region Trading Competition by Huobi Futures
In line with the XRP vs DOGE competition, Huobi Futures has also launched its “Futures Regional Trading Competition” running from April 19, 2021, at 8.00 AM UTC till April 25, 2021, at 8.00 AM. This initiative focuses on a regional trading competition of USDT-margined swaps across six regions – Southeast Asia (SEA), Russia (CIS), Europe, the Middle East, the Americas, and others.
The competition has a total prize pool of $65,400 – each region competing for $10,900.
New USDT-margined traders on Huobi Futures with a cumulative trading volume of $1000 during the competition period will have a chance to win 5000 USDT in prizes. Each region’s traders will be ranked according to their trading volume and the top 100 winners being awarded USDT.
The winner, runner’s up, and second runner’s up from each region will receive 1,000 USDT, 800 USDT, and 500 USDT respectively. The fourth and fifth place will receive 200 USDT each, sixth to tenth will split 500 USDT, 11th to 50th place will each receive 50 USDT, and the rest receiving 10 USDT each.
Additionally, 10 lucky participants among the USDT-margined traders will receive 20 USDT each. Mainland China residents are not allowed to participate in the competition.
Join in the campaignand follow Huobi on Twitter.
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Source: https://beincrypto.com/huobi-futures-trading-competition-110k-up-for-grabs/
