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Announcements > Activities > Ethereum Coin Flip Event >

Ethereum Coin Flip Event

Author: Alan W. Date: 2022-02-28 10:11:23

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Hello Phemex Traders

Are you ready for yet another Coin Flip event? This time you’ll be guessing on Ethereum price, and the prize pool will be 20 ETH total!

How It Works

  1. Simply fill out this form and guess what ETH price will be at exactly 12:00 UTC on March 7th, 2022.
  2. From March 1 to March 6, you must perform at least $10 worth of spot trading (no restrictions on which coin). If you trade more than $100, $1,000 or 10,000, your potential bonus will be multiplied by 2x, 5x and 10x respectively.

Dates

  1. Make a Guess and Spot Trade: March 1, 2022 to March 6, 2022
  2. ETH Price Snapshot:  12:00 UTC on March 7, 2022
  3. Bonus Distribution: March 8 to March 10, 2022

Prize Pool – 20 ETH (Distributed as USDT)

  1. Total Reward = Guess Bonus X Trading Multiplier
  2. To calculate your Guess Bonus, we’ll look at your guess and see if the digits in the hundreds, tens, or ones digit spot matches the corresponding digit of actual ETH price at snapshot time.
    • You win $2 if one of these three digits match, $5 if two digits match, and $9 if all three digits match.
    • The digit you guess in the thousandth spot is not relevant when calculating Guess Bonus.
  3. The amount you spot trade during the event period determines your Trading Multiplier
  4. Hypothetical Example: Let’s say you spot trade $5000 during the campaign period and you guessed $2534, then it turns out the actual ETH price at snapshot time is $2594.
    • The digit you guessed in hundreds spot (5) and ones spot (4) match, but the tens spot does not (you guessed 3, it’s actually 9). So your Guess Bonus is $5.
    • Because you spot traded more than $1,000, your Trading Multiplier is 5.
    • Your total reward is $5 X 5 = $25 USDT
  5. This means you can win a big bonus even if your guess is only partially correct!

Terms and Conditions

  • To qualify for this event you must fill in and submit this task form, then trade spot for at least $10
  • All rewards will be distributed as USDT to the user’s spot wallet within 3 days after event concludes
  • 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.
  • 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.

For any inquiries contact us at support@phemex.zendesk.com
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