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Launch Friday- Invest in BTC on Phemex and win 30,000 USDT prize pool!

Author: Alan W. Date: 2022-06-24 02:41:35

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Dear Phemexers,

We’re hosting a new event for you to get started on more crypto investments! After all, now might be a good time to obtain certain cryptos at low prices. During the event period, as long as you purchase Bitcoin on the Phemex spot market with a trading volume of more than 500 USDT during the event, you will be eligible to access the reward pool. The higher your trading volume, the greater your share of the prize pool. Buy more to get more rewards!

How It Works

  1. To be eligible for rewards, users must accumulate at least 500 USDT in BTC spot trading volume during the campaign period.
  2. Participants need to input their UID in this form
  3. Reward calculations will be based on every $500 in trading volume accumulated during the campaign period. This means that users can boost their reward share by increasing their BTC spot trading volume in multiples of $500.
  • Calculation formulas are:
    • Total number of reward units = Total trading volume of ALL participants / 500usd
    • Prize per reward unit = 30,000USD (prize pool) / total number of reward units
    • Individual number of reward units = Trading volume of individual user / 500usd
    • Individual prize = Individual number of reward units x Prize per reward unit
  • An example is as follows. Assume that the total trading volume of all participants in the campaign is $500,000 and User A traded $2,000 spot BTC during the event.
    • Total number of reward units = $500,000 / $500 = 1000 reward units
    • Prize per reward unit = $30,000 / 1,000 reward units = $30
    • User A’s number of reward units = $2,000 / $500 = 4 reward units
    • User A’s prize = 4 * $30 = $120

Dates

This event will only be held for one week. Therefore, in order to be eligible for the prize pool, make sure to complete all relevant actions during the campaign period.

  • Stage 1 (Campaign Period): 8:00 UTC on 24 June – 8:00 UTC on July 01, 2022
  • Stage 2 (Notification of Winners): July 01 – July 15, 2022
  • Stage 3 (Prize Distribution): July 15 – July 30, 2022

Prize Pool – 30,000 USDT

  • This reward is only available for users who have completed the trading requirements within the campaign period stated above.
  • The prize pool will be distributed based on the trading volumes of all participants as well as the number of participants who join. For instance, if 100 users join the event and 50 participants trade $1,000 while the other 50 trade $2,000, then those who had $1,000 trading volume will receive 200 USDT rewards each, and those participants who had $2,000 trading volume will receive 400 USDT each.

Terms and Conditions

  • To qualify for this event you must complete required actions stated on announcement 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.
  • This promotion is available for only users who spot traded BTC during the campaign period.
  • To receive rewards, users must ensure they have provided an accurate Phemex UID that is identical to their email. Users must also respond to the winners announcement email within 14 days in order to claim their reward.
  • 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.
  • Users in the following regions/countries India, Venezuela, Indonesia, Bangladesh, Pakistan, Philippines and Vietnam are eligible to participate or receive bonuses from the event only if they meet a requirement of $100 USD worth of trade on Phemex during the campaign period.
  • 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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