As 32 football teams from around the globe compete to determine the world’s best, Phemex wants to give you the chance to get in on the action. Through this Football Frenzy event, you’ll have the opportunity to win huge through two different methods – by trading or by participating in our Prediction Markets.
For all our diehard football fans out there, head over to Prediction Markets to forecast the outcome of the matches. The more matches you predict correctly, the more likely you’ll win the top rewards of 1 BTC, iPhone 14 Pro, and PlayStation 5! Furthermore, you can divide an additional $200,000 prize pool by trading contracts and aligning yourself with a strong football contender team.
How It Works
- Register for a Phemex account if you don’t already have one
- Head over the event page and sign up for the event
- To join the event, you must have at least $100 worth of assets in your Phemex account. After joining, you’ll be prompted to align with one of 32 national football teams competing. Choose carefully, because the performance of the team you choose will impact your trading competition results.
- Trade contracts on Phemex (all listed contracts qualify) during the campaign period.
- After the competition ends, each team’s results will be calculated using the following formula:
- Team Score = (Every team member’s aggregate PNL * Multiplier) / Number of Team Members
- The “Multiplier” number changes depending on how well the national team performs. For users who join before the tournament reaches the Round of 16, then the default Multiplier is 1 and then can rise to the following based on team performance:
- For users who join after the tournament has already reached the Round of 16, their Multiplier starts at 1 at whichever stage they first enter the event. For each stage that the team advances after the user joins, the user’s Multiplier will increase by 0.05.
- For example, if trader A joins this event when the tournament has already determined which teams advanced to the Round of 16, then trader A starts with Multiplier of 1 at Round of 16. If Trader A’s team ends up reaching the semi-finals (meaning it advanced 2 rounds beyond initial starting point), then trader A’s Multiplier ends up being 1 + 0.05 + 0.05 = 1.1.
- Beyond the above trading competition, you can also win big by participating in our Prediction Markets and guessing on the outcomes of the football matches
In order to be eligible for rewards, make sure you join via the event page during the campaign period.
- Campaign period: 00:00 UTC on November 15, 2022 to 14:00 UTC on December 18, 2022
- Notification of Winners: December 20, 2022 to January 03, 2023
- Prize Distribution: January 03, 2023 to January 20, 2023 (prolonged due to time needed for data sorting)
Prize Pools – Up to $200,000, 1 BTC, iPhone 14 Pro, and More!
Prize Pool 1 – Prediction Markets
- In order to qualify for the Prediction Market rewards listed below, you need to join the Football Frenzy event and accumulate at least $500 trading volume during the event period.
- By making accurate predictions on our Prediction Markets during the campaign period, you can win up to a $500 bonus. The more correct forecasts you make, the more you win:
|Number of Accurate Predictions||Reward|
- All participants in the prediction markets during the event period will also be ranked on a leaderboard based on their number of accurate predictions. The top ranked master predictors will win various goodies including PS5, iPhone 14 Pro, and even the grand prize of 1 BTC!
- Users must wager at least $100 worth of assets on the prediction markets during this campaign to be eligible for rewards in this prize pool
|Accurate Predictions Ranking||Reward|
|2||iPhone 14 Pro|
|3||iPhone 14 Pro|
Prize Pool 2 – Trading Contest Team Results
- As more participants join this event, the Total Prize Pool (for teams + individuals) will increase:
|Participants||Total Prize Pool (USD)|
- Out of the Total Prize Pool shown above, 90% of it will become the Team Prize Pool. At the end of the competition, all teams will be ranked by Team Score, and the top ranked teams will split the Team Prize Pool as follows:
|Team Rank||Share of Prize Pool|
Prize Pool 3 – Trading Contest Individual Results
- 10% of the Total Prize Pool shown under “Prize Pool 2” will become the Individuals Prize Pool.
- At the end of the competition, regardless of team performance all individual participants will be ranked by PNL during the campaign period. The top ranked users will split the Individuals Prize Pool as follows:
Terms and Conditions
- To qualify for this event, you must participate on the event page
- After the campaign period ends, we will update the Reward Recipient List here
- 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 promotion is available for only users who trade contracts or use Prediction Markets within the campaign period.
- 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.
- Due to large data set of trading data, time is needed to process and calculate. Figures displayed and received are final and platform reserves the right to interpret results.
- Phemex reserves the right to make any final and binding amendments to these rules.