Bitget KCGI Trading Competition Opens for Registration on 20, October with a Prize Pool of 100 BTC
24 September 2021 - 7:56PM
NEWSBTC
Derivatives exchange Bitget announced the launch of King’s Cup
Global Invitational (KCGI). According to the announcement, the
contest has set up a prize pool of 100 BTC and 500 million BGB as
well as other custom-made prizes. The registration will open from
20 October to 4 November (UTC+8), and the competition will start
from 10:00 am on 30 October to 10:00 am on 20 November (UTC+8). It
is reported to be an annual event for global elite traders held
under the principle of unity, fairness and competitive spirit.
“This contest aims to provide a level playing field for trade
lovers. The competition rules are very user-friendly. All traders
are welcome to participate in this game,” says Sandra, Bitget’s
CEO. Total Prize Pool: 100 BTC The competition includes Team Battle
and Individual Competition, each with a prize pool of 50 BTC,
adding up to a total of 100 BTC. The prize of Team Battle or
Territory Battle will depend on the number of teams.1-100 teams
will unlock 10 BTC. 101-300 teams will unlock 20 BTC, 301-500 teams
will unlock 30 BTC. 500+ teams will unlock 50 BTC. A captain can
form a team to join the battle if there are more than 30 team
members. During the registration period, eligible users can pick
their favorite captain to win rewards through futures trading. The
total prize pool will be divided among the ten teams with the
highest profits. 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. Among
them, the top 7 team captains in terms of revenue can also get
customized NFT. For teams ranked Top3 by trading profits, the top3
profit contributors in the team can each receive a PS5 game
console. Individual Competition is divided into Super Leaders
(ranking by PNL%) and Super Heroes( ranking by profits) sessions.
The total prize pool is 50 BTC each, which will be released
according to the number of participants. 10,000 participants will
unlock 5 BTC, 10,000-20,000 participants will unlock 10 BTC,
20,000-30,000 participants will unlock 20 BTC, 30,000+ participants
will unlock 50 BTC. The total prize pool will be shared by the top
10 teams/participants with the highest PNL% and profits
respectively. In each session, the 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. Top3 traders can also
receive DJI drones or HHKB keyboards, etc. It is worth noting that
users participating in the Team Battle are also qualified to join
the Individual Competition and share the prize. Special Benefits: 5
million BGB To attract more regular and new users, there are also
additional events such as City Assembly, Lords Assembly, Airdrop
for All, Lucky Lottery, Post-Competition Bonus and Early Bird
Benefits, offering a total of 5 million BGB. All participants have
the chance to win cool electronic devices and NFTs featuring the
competition. City Assembly: For the division with the most winning
seats in Territory Battle, all the participants within the division
will receive an airdrop of 50BGB on a first-come, first-served
basis. The total supply of the airdrop is 500,000 BGB. Lords
Assembly: Lords (Captains) of the team will unlock the BGB rewards
pool if they can obtain active users. The Top1 team’s rewards pool
will be doubled. Within each division, the Top10 captains in terms
of obtaining new users will get an exclusive benefits package from
Bitget to be “signed” as the co-ambassador for the next trading
contest. Participants whose total trading volume reaches 50,000
USDT during the competition will receive an airdrop of 99 BGB by
following our official Twitter and joining our Telegram. The total
supply of the airdrop is 1 million BGB. Users can earn points by
completing tasks. For every 3 points accumulated, participants will
be qualified for the “Lucky Lottery” to draw from meebits NFT,
HTC-VIVE VR glasses, DJI drones, PS5 game consoles and HHKB
keyboards. At the end of the competition, participants who have a
net deposit of 2000 USDT and a cumulative trading volume of no less
than 500,000 USDT during the contest will receive 1 chance to draw
an exclusive NFT custom-made for Bitget’s first trading
competition. In addition, Bitget has prepared Early Bird Benefits.
Captains who sign up and complete their team formation 5 days
before the competition will receive 50 USDT trial funds for futures
prior to the contest, While Individuals who sign up 5 days before
the competition will receive 20 USDT. Theme for KCGI-2021: Fight
Pixel Intrusion The theme for KCGI 2021 is “Defend the Earth
against Pixel Invasion”. It tells a story of how the quantum
civilization six light-years away plans to attack the Earth with
its advanced weapon that can rapidly transform entities into
pixels. Seven young people from different countries form the
strongest battle team, each mastering one of the seven different
elemental skills: silicon, gold, earth, wind, water, fire, and
thunder to defend the Earth. Bitget used this as a backdrop to
create a set of NFT artworks representing the different forms of
energies and objects in the story. The collections will be given as
prizes to the Captains and lucky users who performed well in the
Team Battle. About Bitget Bitget is among the fastest-growing
derivatives exchanges, with 1.6 million registered users worldwide
and an average daily trading volume of $5.6 billion. With the
mission of Better Trading, Better Life, Bitget is committed to
offering liberal, ultimate and fair trading services, including
futures trading, spot trading and digital asset purchasing. As a
platform in pursuit of perfection and innovation, Bitget has
pioneered to launch three flagship products of USDT-Margined
Futures, One-Click Copy Trade, and Quanto Swap Futures to provide
the best services to users. It is now the six-largest derivatives
exchange and the largest crypto asset copy trading platform in the
world.
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