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Phemex Olympics: Compete to win $100,000

Author: Jeffrey Craig Date: 2021-07-28 02:23:16

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The Tokyo Olympics are here! We at Phemex are excited to finally have a chance to see some international sports competition, it has been too long! The Olympics and Tokyo in particular, is a place where all people and all flavors, whether they like crypto or not, are welcome. We at Phemex share this same perspective, that is why we are commencing the Phemex Olympics: United Through Trading, a dual-sport crypto trading competition.

Competition Details

The Phemex Olympics is a trading competition for two sports, weightlifting and sprinting! The weightlifting competition will reward ranking individuals according to their trading volume, aka the “heavy lifters.” Therefore, those individuals with the highest trading volume will receive the biggest rewards. The sprinting competition will be for traders who hit 500% ROI the quickest, aka “the Usain Bolts.” Get ready, sign up, and show you belong!

Reward Structure


Rank 110,000 USD12,500 USD20,000 USD
Rank 25,000 USD7,500 USD10,000 USD
Rank 33,000 USD4,000 USD5,000 USD
Rank 4-61,000 USD2,000 USD3,000 USD
Rank 7-10500 USD1,000 USD1,000 USD
Total23,000 USD34,000 USD48,000 USD

In addition, the top 10 players will receive different mystery box gifts based on their ranking!


Rank 12,000 USD4,000 USD6,000 USD8,000 USD10,000 USD20,000 USD
Rank 21,500 USD2,000 USD3,000 USD4,000 USD5,000 USD8,000 USD
Rank 31,000 USD1,500 USD2,000 USD2,500 USD3,000 USD6,000 USD
Rank 4-10500 USD600 USD700 USD800 USD900 USD1,500 USD
Total8,000 USD11,700 USD15,900 USD20,100 USD24,300 USD44,500 USD

Rules & Requirements


  • Winners will be ranked based on the highest trading volume within the campaign period.
  • If two users end up with the same trading volume at the same time, the one who joined the competition first will have a higher ranking.
  • Only Contract Trading volume will be counted
  • All Contract Pairs are allowed
  • Each participant’s trading volume will be displayed on the competition landing page (updated every 10 minutes).
  • No API users allowed


  • A valid participant must have a net value of at least 0.003 BTC in their BTC Trading Account at the time of registration.
  • The goal is to achieve 500% ROI (both realized and unrealized PNL will be counted) as fast as possible. The first 10 users to achieve this will win in chronological order.
  • If no users reach 500% ROI, the top 10 winners will be ranked based on their highest ROI instead.
  • If two users reach 500% ROI at the same time, the user who joined the competition earlier will have a higher ranking.
  • The sprinting competition is only for the BTCUSD Contract pair, no other trading pairs will be counted.
  • Each participant’s ROI will be displayed on the competition landing page (updated every 10 minutes).
  • API users ARE allowed for this competition.


July 31, 8 AM UTC-August 15, 8 AM UTC: Competition

After August 22: Prize distribution

Terms & Conditions

  1. Calculation formula for Individual Return On Investment (ROI): Individual PNL / (BTC Trading Account initial net balance + incoming transfers during the event + commission income during the event + bonuses received during the event)
  2. A user is allowed to participate in both event categories at the same time
  3. Prizes will be distributed within 15 days after the competition ends. Prizes will be distributed in BTC.
  4. The following actions will result in immediate disqualification:
    1. Batch account registration
    2. Profits from market manipulation
    3. Using API for the Weightlifting competition
  5. Only Main-accounts are allowed in this competition, Sub-accounts will NOT be counted
  6. The final amount of BTC issued will be subject to the OTC settlement exchange rate on that day. Phemex retains the final right to adjust converted prices.
  7. Phemex reserves the right to make any final and binding amendments to these rules.

For any inquiries contact us at
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