Dear MEXCers,
In appreciation of your continued support, MEXC will be launching April Futures Competition, where both new and existing users can participate in Spin The Wheel and checkpoint challenges to share prizes worth up to 5 million USDT.
Competition's New Gameplay:
[New Gameplay]
Daily challenge rewards available! Discover surprises in every challenge. Hit trading volume targets and click [Claim] to receive rewards.
[Event Date Adjustment]
The event has been rescheduled to the beginning of the month.
Event Period
Registration period: 12:00, April 4 - 14:55, April 18 (UTC)
Competition period: 15:00, April 4 - 14:59, April 18 (UTC)
Participation Criteria
Users with total futures account equity ≥ 300 USDT at the time of registration will be eligible for the competition. The platform will review the eligibility of registered users before the commencement of the competition. Those who are considered ineligible may register again after transferring sufficient assets to their futures accounts.
Participating Futures All USDT-margined perpetual futures available on MEXC.
Total Prize Pool:
| No. of Participants | Total Prize Pool / USDT |
| ＞0 | 1,000,000 |
| ＞30,000 | 2,000,000 |
| ＞40,000 | 3,000,000 |
| ＞50,000 | 4,000,000 |
| ＞60,000 | 5,000,000 |
Activity 1: Spin the wheel and grab futures bonus worth 40% of total prize pool, first come first served!
For every 45,000 USDT accumulated in daily trading volume, participating users will receive 1 chance to spin the wheel (max. 3 chances every day) and win a share of the futures bonus pool. Bonus amount is randomized, while redemption lasts. The number of chances to spin the wheel resets at 14:59 (UTC) daily. Users may continue to trade on the following day to receive chances to spin again.
| Amount / USDT Bonus | Reward Type |
| 1,000 | Fixed amount |
| 800 | Fixed amount |
| 500 | Fixed amount |
| 200 | Fixed amount |
| 100 | Fixed amount |
| 1-10 | Randomized within the range |
| 10-50 | Randomized within the range |
| 50-100 | Randomized within the range |
Activity 2: Pass the checkpoint challenges to claim daily challenge rewards with up to 90% successful claim rate!
After the start of the competition, you will be able to receive the corresponding reward when your daily trading volume reaches the checkpoint requirement. The rewards will only be available on that day and distributed the next day. The opportunity to receive the reward will end at 14:59 (UTC) on the same day.
| Trading Volume Checkpoint / USDT | 150,000 | 300,000 | 600,000 | 800,000 | 1,000,000 | 1,300,000 |
| Bonus / USDT | 3 | 5 | 8 | 14 | 15 | 18 |
Activity 3: Top both rankings to share the grand prize worth 40% of total prize pool
During the event, users who trade USDT-margined perpetual futures trading pairs and accumulate a corresponding trading volume of≥ 20,000 USDT will be ranked separately by their PNL amount and daily trading volume. The prize pool allocation is as follows:
(1) PNL Amount Ranking Reward worth 10% of the total prize pool:
| Rank | Prize Allocation |
| 1st | 30% |
| 2nd | 15% |
| 3rd | 8% |
| 4th | 5% |
| 5th | 3% |
| 6-15th | Share 9.5% based on proportion of trading volume + Share 9.5% based on proportion of PNL amount. Reward per user is capped at 5% of PNL Amount Ranking prize pool. |
| 16-30th | Share 10% based on proportion of trading volume + Share 10% based on proportion of PNL amount. Reward per user is capped at 3% of PNL Amount Ranking prize pool. |
*In the event that two participants produce the same PNL amount, the participant with the higher trading volume will be given priority in the ranking
(2) Daily Trading Volume Ranking Reward worth 30% of total prize pool:
During the event, participants ranked Top 200 in daily trading volume will share the prize pool on a daily basis according to the allocation below:
| Rank | Prize Allocation | Trading Volume Requirement / USDT |
| 1st | 15% (Reward doubles if the trading volume exceeds 36 million USDT) | 18,000,000 |
| 2nd | 10% | 15,000,000 |
| 3rd | 8% | 12,000,000 |
| 4th | 5% | 7,500,000 |
| 5th | 3% | 4,500,000 |
| 6-20th | 14% (Share based on proportion of trading volume) | 3,000,000 |
| 21-50th | 10% (Share based on proportion of trading volume) | |
| 51-100th | 10% (Share based on proportion of trading volume) | 1,500,000 |
| 101-200th | 10% (Share based on proportion of trading volume) |
For example: Leo's futures trading volume on an event day is 36,000,000 USDT, and he ranked 1st in trading volume on that day. Assuming that the total prize pool unlocked is 1,000,000 USDT, and the trading days of the event are 14 days, then the event bonus reward he will receive is: Total prize pool 1,000,000 USDT * 30% / 14 days * 15% * 2 = 6,429 USDT
Reward Redemption Criteria
1. PNL amount requirement for Activity 3: Participants must attain trading volume ＞ 20,000 USDT with positive PNL amount to be eligible to share the prize pool.
2. PNL amount during the event = Realized PNL at the end of the event + Unrealized PNL at the end of the event - Realized PNL at the start of the event - Unrealized PNL at the start of the event.
3. In the event that two participants produce the same PNL amount, the participant with the higher trading volume will be given priority in the ranking.
Reward Distribution Rules
1. Users must fulfill the stated criteria and complete the required steps to redeem their rewards.
2. Only the volume of futures trades with trading fee > 0 are counted (only Taker trading volume is counted for this event due to the ongoing Futures 0 Maker Fee event).
3. MEXC Futures fee rate has been adjusted to 0.02% for Takers. All users are welcome to experience trading with the lowest fee rate in the market.
4. Stay updated with the Daily Trading Volume Ranking: Telegram: https://t.me/MEXCNA | Twitter: https://twitter.com/mexc_na
5. Rewards from this event are not to be redeemed in conjunction with other ongoing Futures event rewards of the same type on the MEXC platform. All rewards from this event can be stacked.
6. The daily trading volume ranking refers to the trading volume ranking at 14:59 (UTC) of the day.
7. The rewards for Spin The Wheel, Daily Challenge, and Daily Trading Volume Ranking will be issued within 24 hours after winning.
8. The rewards for PNL Amount Ranking will be issued within 10 days after the conclusion of the event.
9. Winners of PNL Amount Ranking must contact @Effy_MEXC and @Derrick_MEXC via Telegram to redeem their rewards.
If you have any questions, kindly join the official Telegram group: https://t.me/MEXCNA
Disclaimer
1. Participants who are found to be involved in fraudulent activities such as wash trading, market manipulation, operation of multiple accounts, and self-dealing will be disqualified.
2. Participants who are found to be involved in identical trading strategies will be disqualified.
3. Participants who are found to have placed and canceled orders at a high frequency per minute will be disqualified.
4. Once multiple accounts are found to be registered under the same IP address, all users using this IP address will be disqualified.
5. Market maker accounts and agency accounts are not allowed to participate in this event.
6. MEXC reserves the right of final interpretation of the event rules including, but not limited to, the above mentioned information regarding trading, funds, and risks of gang behaviors.
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Enjoy trading on MEXC.
The MEXC Team
April 04, 2023
