Dear BiKing users !
Biking Exchange will officially launch the platform's "First Annual Trading Carnival" at 6:00 on December 20, 2023 (UTC). This competition has three competitions: simulated futures trading competition, futures trading competition, and spot trading competition.
The total prize pool of the competition : tens of millions of USDT, and there are also a large number of exquisite platform peripherals waiting for you to collect!
Competition time: December 20, 2023 - January 17, 2024
The total prize pool of the competition: 10,000,000 USDT + massive amounts of exquisite peripherals
Click on the poster: Participate in the event
Division of competition areas: simulated futures trading competition, futures trading competition, spot trading competition
1.Simulated futures Trading Competition
The simulated futures trading competition is divided into two competition areas: simulated team competition and simulated individual competition. Users can freely choose to participate in either competition area.
Simulated futures Trading Team Competition
From the start date of the event to the end date of the competition, users who have completed the KYC on Biking Exchange and successfully opened a futures account can open any group in the competition area and invite friends to join the team to participate in the competition. The group leader successfully invites 5 or more people within 24 hours. The participation of users in the team competition will be deemed as a successful group start. If there are less than 5 people within 24 hours after the group is started, the team will be automatically disbanded and team members will be automatically assigned to individual competition areas. The maximum number of team members is 200 people.
A single user can only participate in one team. Repeated participation is not allowed, and team competitions and individual competitions are not allowed at the same time. Users who successfully join a team cannot actively quit the team.
Captain benefits: 1) Each time the captain invites a team member to join, he will receive 1,000 USDT imulation futures funds, and the invitation reward is capped at 100,000 USDT; 2) If the captain successfully invites more than 20 friends to join and trade, he will receive the BiKing exquisite peripheral set.
Member benefits: Each time a team member invites a friend to join, they will receive 500 USDT imulation futures funds, and the invitation reward is capped at 50,000 USDT.
After the team competition, the platform will use the actual total transaction volume of the team as the criterion to determine the final overall ranking. The total transaction volume of the simulated team division will be updated at 0:00 every day.
In order to ensure the fairness of the competition results, please do not maliciously falsify orders. If any malicious falsification of transaction data is discovered, the biking customer service team will intervene. For detailed event rules, please contact the biking customer service team.
Simulated futures trading individual competition
Each new user who completes the real-name authentication can receive 100,000 USDT simulation futures funds by signing up for the competition, and old users can receive 50,000 USDT simulation futures funds by signing up for the competition; during the competition period, users can continue to receive trial funds by inviting friends to participate: 1) For each person invited Users can receive 2,000 USDT simulation futures funds by participating in the competition: 2) The maximum cumulative invitation reward is capped at 50,000 USDT.
After the simulated futures individual competition ends, the system will determine the individual competition area ranking based on the final total transaction volume of participating users.
2. Futures Trading Competition
Users who have completed the real-name authentication of Biking Exchange can participate in the futures trading competition. If they participate, they will receive a Bonus USDT worth 100 USDT (please refer to the relevant platform rules for the use of Bonus USDT & Bonus Trading). The profit from Bonus transaction will not be included in the total profit rate of the account during the competition period. ; Users can invite friends to participate in the Futures trading competition. Each time a friend is successfully invited to participate, he or she will receive a special reward of 20 Bonus USDT. The upper limit of the invitation reward is 100 USDT.
After the futures trading competition ends, the system will rank the competition based on the total profit rate of users during the competition.
3. Spot Trading Competition
1) The spot trading competition only includes the top five specific trading pairs on the platform. 2) Participating users must meet the platform's spot account balance to be greater than 50 USDT. 3) After the competition, the platform will use the user's total spot trading volume as the criterion to determine the overall ranking of the competition area.
Reward distribution details:
Simulated futures team competition
1.USDT bonus distribution: (When bonuses are distributed, futures special funds and cash are always distributed in a ratio of 9:1)
1) Distribution ratio within the team:
The captain’s bonus = the captain’s personal cumulative futures transaction amount/biking simulation team competition total transaction amount * 5,000,000 USDT
+The total performance of other team members/the total transaction amount of the Biking simulation team competition*20%*5000000USDT.
Team members can receive bonuses = the user’s current cumulative futures transaction volume/biking simulation team competition total transaction volume * 80% * 5,000,000 USDT.
2) Teams that perform well during the competition can enjoy a collective income bonus! The revenue bonus ratio is based on the number of team members and the total transaction volume of the team. Every time the number of team members/total transaction volume is doubled, you can enjoy a 50% computing power bonus!
Simulated futures Individual Competition
1. Total prize pool: 2,000,000 USDT + 30 pieces of exquisite peripherals
2. Distribution details: (When bonuses are distributed, futures special funds and cash are always distributed in a ratio of 9:1)
First place: 800000 USDT + 5 pieces of exquisite peripherals
Second place: 500000 USDT + 5 exquisite peripherals
Third place: 200000 USDT + 3 pieces of exquisite peripherals
Fourth to twentieth place: random share 500,000 USDT + 17 exquisite peripherals
Futures Trading Competition
Total prize pool: 2,000,000 USDT + 30 pieces of exquisite peripherals
Distribution rules: (When bonuses are distributed, futures special funds and cash are always distributed in a ratio of 9:1)
First place: 800000 USDT + 5 pieces of exquisite peripherals
Second place: 500,000 USDT + 5 exquisite peripherals
Third place: 200000USD + 3 pieces of exquisite peripherals
Fourth to twentieth place: random share 500,000 USDT + 17 exquisite peripherals
Award requirements
1. Futures competition income = final net value of the account (including unrealized profit and loss) - initial net value of the account (including unrealized profit and loss) - participating futures bonus.
2. If there are participating users with the same amount of profit, the party with the higher transaction amount will win.
3. Winning users must have an account income greater than 0.
Spot trading competition
Total prize pool: 1,000,000 USDT + 20 pieces of exquisite peripherals
Reward distribution: (When bonuses are distributed, futures special funds and cash are always distributed in a ratio of 9:1)
First place: 400,000 USDT + 10 peripheral items
Second place: 200,000 USDT + 5 peripheral items
Third place: 100,000 USDT + 5 peripheral items
Fourth to twentieth place: random share 300,000 USDT
Donation pool
This prize pool is only open to users in the futures trading competition area and spot trading competition area. During the competition, users can end the competition early and put the current transaction volume/profit rate into the public welfare pool in the form of donation:
1) When a user makes a profit rate donation, the system will contribute a public welfare bonus to the public welfare pool at the ratio of each profit percentage * 0.5 USDT, and the balance of the prize pool will be announced on the competition page: if user A’s actual profit rate is 38%, then the When a user makes a donation, the system simultaneously transfers 38*0.5=19USDT into the public welfare pool (the public welfare bonus is a special futures fund).
2) When a user makes a transaction donation, the system will donate to the public welfare pool at the ratio of every 100 USDT transaction volume = 0.5 USDT public welfare fund. For example: if the total transaction volume of user B is 1,000 USDT, the donation to the public welfare pool will be counted as 0.5 USDT. *10=5USDT (the charity bonus is the futures’s special fund)
The upper limit of the cumulative amount of the public welfare pool: 50,000 USDT futures special funds
Please note: Each user can only participate in one charity donation. Once the donation is successful, the user will be deemed to have given up the ranking qualifications, award qualifications, and participation qualifications for the entire biking trading competition (users in the futures trading competition area cannot participate in subsequent events after making a charity donation. Spot Trading Competition).
After the competition, the public welfare prize pool will open three rounds of draws. In each round, 10 people will be drawn to share the prize equally. The prize distribution ratio of the three rounds is: 40%, 30%, 30%; the prize pool will be drawn within 7 working days after the end of the trading competition. Random draw.
For more details about the trading competition, please consult the official staff. The final interpretation right of the event belongs to the official.
BiKing official social media
Telegram: https://t.me/BikingEnglishGroup_EN
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BiKing official Website: https://www.bikingex.com
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