Rewards Hub The cryptocurrency derivatives market requires a sophisticated balance of analytical precision and strategic participation. As Phemex launches the Futures Apex: Constellation New Season, it is essential for participants to understand the underlying mechanics, reward structures, and the high-value Crypto Mystery Box system that governs this 94,000 USDT event.
This guide provides a professional breakdown of the "Constellation Season," a multi-layered trading event designed to incentivize both high-volume liquidity providers and capital-efficient retail traders.
Register Now to Secure Eligibility - Volume accumulated prior to registration will not be counted
I. Structural Equity: The Dual-Track Leaderboard System
A core component of Phemex’s commitment to a fair trading environment is the segmentation of its prize pools. This prevents the "Whale Effect," where institutional capital dominates all reward tiers.
1. Newcomer Protection Tier (30% Allocation)
Phemex has architected a dedicated "Newcomer" track, which receives 30% of the total prize pool.
Weekly Newcomer Definition: Users who register and join during a specific leaderboard week.
Monthly Newcomer Definition: Users who register and join the event after its official commencement.
This segmentation ensures that new participants are benchmarked against their peers, significantly lowering the competitive barrier for the Top 100 rankings.
2. Overall Leaderboard (70% Allocation)
The remaining 70% of the prize pool is allocated to the Overall Leaderboard, where the platform’s veteran traders demonstrate market-leading strategies. If a participant qualifies for rankings on both boards, the system is programmed to grant the higher-value reward, ensuring maximum benefit for top-tier performers.
II. Performance Metrics: ROI and Volume Calculation
The Constellation Season utilizes three distinct cycles to recognize different trading styles: Daily ROI, Weekly Volume, and Monthly Volume.
1. The Daily ROI Mechanism (Skill-Based)
For 28 consecutive rounds, Phemex offers a fixed daily prize pool of 2,000 USDT.
Eligibility Threshold: A minimum daily trading volume of 1,000 USDT is required.
The ROI Formula: To ensure transparency, ROI is calculated as:
- ROI = PnL ÷ (Initial Net Value + Total Net Deposits during the cycle) × 100%
Capital Floor: If a user’s initial net value at the 00:00 UTC reset is less than 20 USDT, the system utilizes 20 USDT as the baseline. This protects the integrity of the percentage calculation against extreme outliers.
2. Dynamic Weekly and Monthly Volume Pools
Unlike the fixed daily rewards, the Weekly and Monthly prize pools scale dynamically based on the community's total trading volume.
Weekly Requirement: Minimum 5,000 USDT volume.
Monthly Requirement: Minimum 10,000 USDT volume.
III. The Crypto Mystery Box Framework: Value-Added Rewards
Beyond the competitive leaderboards, the Constellation Season introduces a task-oriented reward system. The Crypto Mystery Box mechanism is designed to provide platform utility as traders reach specific volume milestones.
1. Round-Based Resets and Reward Eligibility
The campaign is divided into 4 rounds. After each cycle, both tasks and box availability reset. Participants must proactively re-enter subsequent rounds to maintain their earning potential, with a maximum of 13 boxes available throughout the entire event.
2. Reward Inventory: Your Opportunity to Win Free ETH
The total valuation of the prize pool is 94,000 USDT. For participants utilizing professional strategies, this event provides a unique opportunity to Win Free ETH (1 Full ETH prize) or claim 10g Physical Gold Bars through the milestone system.
Mystery Box Contents: Includes 1 ETH, 10g Gold, 100 USDT, and various Futures Bonuses/Vouchers ranging from $5 to $400.
Claiming Windows (Critical): Users must claim their rewards within 10 days of the draw. All unopened boxes will vanish at 23:59:59 (UTC) on January 1, 2026.
Physical Asset Conversion: Physical prizes will be converted to their equivalent USDT value and distributed within 14 working days post-event.
IV. Integrated Trading: Trading Bots, Copy Trading, and On-Chain Derivatives
Phemex has expanded the definition of eligible trading volume to reflect the diversity of modern trading strategies.
Algorithmic and Social Trading: Volume generated via Trading Bots and Copy Trading is fully eligible for all leaderboard and Crypto Mystery Box task calculations.
On-Chain Derivatives: On-chain derivative volumes are also counted toward your total participation metrics, rewarding ecosystem-wide activity.
API Exclusion: Note that API trades are strictly excluded from this event to maintain a level playing field for manual and platform-tool traders.
V. Operational Compliance and Risk Management
To maintain a secure environment, all participants must adhere to the following regulatory and platform guidelines:
KYC Requirement: Rewards and the chance to Win Free ETH are only accessible to users who have successfully completed Identity Verification (KYC).
Bonus Lifecycle: Leaderboard rewards and Position Vouchers are valid for 7 days from the time of issuance. They are intended for active market engagement and cannot be withdrawn directly.
Account Eligibility: Sub-accounts, Institutional accounts, Market Makers, and Brokers are not eligible. However, main account volume will aggregate all associated sub-account activity.
Anti-Fraud Monitoring: Phemex maintains a zero-tolerance policy for wash trading or arbitrage exploitation. Any participant found engaging in unfair manipulation will be disqualified.
External Affiliation: This event is not affiliated with Apple Inc. Apple is not a sponsor or partner in any capacity.
VI. Summary of Important Dates
Daily ROI Rewards: Distributed within 3 days after each round.
Weekly Rewards: Distributed within 3 working days post-round.
Monthly/Mystery Box Rewards: Distributed within 7-14 working days after the event concludes.
Reward Expiry: Participants must claim prizes within 10 days of the draw to prevent forfeiture.
Conclusion: Professional Excellence in the Apex Arena
The Phemex Futures Apex: Constellation Season represents a structured environment where market analysis meets platform incentives. By integrating the Crypto Mystery Box with high-alpha rewards, Phemex continues to lead in community-driven trading events. Whether your goal is to climb the ROI charts or your objective is to Win Free ETH through volume milestones, the Constellation Season offers a transparent path to success.
Register Now & Start Your Constellation Journey
Risk Disclosure:
Trading futures involves significant risk of loss. ROI calculations and prize pools are subject to market volatility. Ensure you have read the full Terms and Conditions. The Crypto Mystery Box rewards and Win Free ETH opportunities are subject to task completion and limited quantities. Contract bonuses carry a 7-day expiration period. Always exercise proper risk management.
