Coin Flip for $5000 in Rewards
Author: khaos.yan Date: April 27, 2022
Hello Phemex Traders
After strong enthusiasm from you guys for our previous coin flip – guess & win events, we’re hosting another one, this time with its own event page! Hurry and join to guess linear ETHUSD perpetual contract price trend. If you guess right and fulfill the trading requirements, you can win up to $5,000!
How It Works
- Visit the event page to join. Make sure to first register for a Phemex account if you don’t have one already.
- On the event page, submit your guess on the price trend of ETHUSD USD-margined perpetual contract. Long or Short?
- Choose your Trading Multiplier, which will impact your potential bonus.
- Click the trade button to make trades, which will count toward this task. You must trade the coin or pair that you submitted your guess for (linear ETHUSD contract).
- If you selected trading multiplier of 1, you’ll need to trade $100 of linear ETHUSD contracts to qualify for prizes
- If you selected trading multiplier greater than 1, you’ll need to trade Multiplier X $100 to qualify for prizes (Example: multiplier of 5 requires $500 trading volume)
- If your guess turns out to be correct and you’ve fulfilled trading volume requirements, you qualify for rewards.
- Base Bonus * Trading Multiplier = Your Reward.
- An extra prize pool of $30 will be awarded to the top 3 users over the course of the round, ranked by participation and win rate.
- Guessing & Trading Period: 6:00 – 21:00 UTC of current day.
- Tracking period of the coin you guessed on：0:00 – 4:00 UTC of following day
- Results announcement：4:00 – 6:00 UTC of the following day.
- Reward Distribution
- Contract trading bonuses will be sent prior to the start of the following day’s Guessing & Trading Period.
- Spot Airdrop rewards will be sent within 3 days.
Terms and Conditions
- Join this campaign through the event landing page
- Users are only eligible to participate with a single account. If we detect multiple accounts with the same IP addresses or UIDs, all offending accounts will be disqualified.
- To receive rewards in your spot wallet, you must have activated your spot wallet address for that specific crypto.
- This event is only open to Phemex registered users whose accounts are in a normal state. Locked or frozen accounts are not eligible.
- The following actions will result in immediate disqualification: batch account registration, profits from market manipulation, self-dealing, or wash trades.
- Only main accounts are allowed in this competition, sub-accounts will not be counted.
- Phemex reserves the right to make any final and binding amendments to these rules.