OKEx is proudly announcing another exciting event after the series of successful activities for the whole cryptocurrency community. They are inviting everyone to join their latest trend, which is the “The Elite Team Trading Contest.”

The guideline is very simple. OKEx will choose the most outstanding traders to become leaders, and these leaders will have the chance to create their own teams. These teams will have the challenge to increase the number of their members and to have the most transactions inside the OKEx platform.

Event Schedule

1. Leaders Recruitment — 10:00 Mar 9–10:00 Mar 15, 2020 (UTC)

OKEx members can apply to become leaders by signing the application form at the OKEx website.

OKEx team will screen and verify users’ information and will select the best traders to become team leaders.

Leaders then will be required to recruit team members and manage them to analyze market data to make trading during the contest.

Leaders of winning teams will earn more ranking rewards and enjoy exclusive marketing opportunities.

2. Team Formation Details — 10:00 Mar 16–10:00 Mar 22, 2020 (UTC)

Chosen leaders can build their teams by recruiting team members. There is no limit on the number of members that they can recruit.

Users can join their selected teams on the team formation page, but they cannot alter teams after registration.

Users can join either an open team or a closed team. If they opt for closed teams, users are required to get invitation codes from leaders.

Leaders can reach out to OKEx’s customer support to change team status, which includes opening or closing member recruitment.

3. Trading Contest: 10:00 Mar 23–10:00 Apr 6, 2020 (UTC)

OKEx will choose the winning teams and participants by their trading yield. The calculation is as follow:

a. Individual Member’s Yield

(account balance — initial account equity — funds transferred to perpetual swap, futures and options accounts + funds withdrawn from those accounts) / (initial account equity + funds transferred to those accounts)

b. Team Yield

{∑(total account balance of all team members — total initial account equity of all members — total funds transferred to perpetual swap, futures and options accounts of all members + total funds withdrawn from those accounts)} / {∑(total initial account equity of all members + total funds transferred to those accounts)}

Initial Account Equity

If participants join a team before the contest commences, their account equity at the start of the competition will be taken as the initial account equity. If the user enters a team after the beginning of the contest, his account equity, when joining their team, will be taken as the initial account equity.

Scope Of Calculation

Account balances and transfer and withdrawal amounts in futures, perpetual swap and options accounts of all cryptocurrencies will be covered.

Note: Users are not allowed to withdraw funds from their perpetual swap, futures and options accounts throughout the contest period. Otherwise, their total yield cannot reach the minimum qualification.

Entry Requirements For Team Ranking And Individual Ranking

a. Team Ranking: 5,000 USDT

Only teams whose members have a total account balance > 5,000 USDT in their futures, perpetual swap, and options accounts during the contest period can receive Team Ranking rewards.

b. Individual Ranking: 500 USDT

Only participants with a total account balance of> 500 USDT in their futures, perpetual swap and options accounts during the contest period can get Individual Ranking rewards.

Reward Distribution

1.) Team Ranking Rewards

a. Team members should have a total account balance ≥ 5,000 USDT in their futures, perpetual swap, and options accounts throughout the contest period.

b. Team size of ≥ 10 members.

2.) Individual Ranking Rewards

a. Have a total account balance ≥ 500 USDT in his futures, perpetual swap, and options accounts during the contest period.

b. Trade perpetual swap, futures or options contracts for ≥ 3 times during the contest period (1 filled order is counted as 1 valid transaction).

c. Complete KYC2 verification.

3.) Team Ranking Reward Distribution Rules

Teams with 50 members or above: 40% will be allocated to the leaders; members will be ranked according to their individual yield — 40% to the top 20% members, and 20% to the remaining members.

Teams with 20 members or above: 30% will be allocated to the leaders; members will be ranked according to their individual yield — 40% to the top 20% members, and 30% to the remaining members.

Teams with less than 20 members: 20% will be allocated to the leaders, and 80% to the members.

Additional Note

1.) Malicious trading is prohibited. The use of multiple accounts, or any other practices to get an unfair advantage will result in the loss of rewards.

2.) Rewards will be issued within 1 week after the contest closes. The exact arrival time of the awards might differ.

3.) Restricted to master accounts.

4.) Any market analysis given by team leaders does not represent the view of OKEx. OKEx is not responsible for any losses of the team members.

5.) Based on local ordinances, users from the following countries/regions are not permitted to join the contest: Cuba, Crimea, Sudan, Syria, Malaysia, Iran, North Korea, China, the United States including all regions such as Puerto Rico, Guam, Northern Mariana Islands, American Samoa, US Virgin Islands (St. Croix, St. John and St. Thomas), Bangladesh, Bolivia, Ecuador, and Kyrgyzstan.

6.) In case of any dispute, OKEx reserves the right of final decision.