Trading Competition For the Radix Community: Win Up to $20,000
From 22 January 2024 to 4 February 2024, BitMEX is launching a trading competition for the Radix community where traders can win up to $20,000 in XRD tokens and other special rewards.
The competition is a move to celebrate the listing of the XRDUSDT perpetual contract on BitMEX, which will arrive on 22 January 2024 at 12:00 UTC. You can view details of the new listing here.
What and How Much are the Rewards?
Prize Pool
The competition lasts for two weeks and ranks the best traders by realised PnL. Up to $20,000 worth of XRD tokens will be distributed to the top traders on the leaderboard.
The Prize Pool for this competition will be determined by the number of participants that join the Radix Guild on BitMEX. The more members that trade in the Guild, the higher the Prize Pool is for all participants. The distribution of the Prize Pool is as follows:
| Active Traders | 0-50 | 50-100 | 100+ |
|---|---|---|---|
| Prize Pool (XRD) | $12,000 | $16,000 | $20,000 |
| 1 | $8,000 | $8,000 | $8,000 |
| 2 | $3,000 | $3,000 | $3,000 |
| 3 | $1,000 | $1,000 | $1,500 |
| 4-5 | $0 | $1,000 | $1,500 |
| 6-10 | $0 | $400 | $500 |
| 11-20 | $0 | $0 | $200 |
To be counted as an active trader, Guild traders must meet a minimum of $35,000 in total derivatives trading volume on BitMEX over the two weeks.
Special Rewards
Aside from the competition prize pool, four special rewards are given to the top traders of the new XRDUSDT contract on BitMEX. Each will win $500 in XRD tokens and 1 month’s worth of top VIP fees on BitMEX.
- Largest position size: Hold the largest position size for XRDUSDT at any point within the week.
- Biggest 24h trading volume: Obtain the biggest 24-hour trading volume on XRDUSDT.
- Highest ROI: Gain the highest ROI for trading XRDUSDT.
- Streamer special: Live stream your XRDUSDT trades on BitMEX via Twitch or YouTube, tag us, and get the most views.
The special rewards will be distributed twice throughout the competition – on Tuesday 30 January and 6 February 2024 – based on traders’ trading performance in the previous week.
When is the Competition Period?
The competition starts on 22 January 2024 at 12:00 UTC and ends on 4 February 2024 at 11:59 UTC.
How Do I Join the Competition?
Any trader can participate in the Radix trading competition by joining the Radix Guild here, or via “Join Guild” on the leaderboard here.
Plus: If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 as a welcome bonus for newly verified users. Check out the Welcome offer here.
What About Other Ongoing Competitions?
BitMEX is also currently hosting a #BitcoinToTheMoon trading competition. Traders that join the Radix Guild will automatically be enrolled to this competition as well, increasing their chances of receiving additional rewards.
More details of the #BitcoinToTheMoon competition can be found here.
General Competition Terms and Conditions:
- The competition is valid only for verified users of BitMEX.
- All participants must be a member or administrator of the Radix Guild.
- All derivative trades of a Guild member count towards the competition if they are closed within the competition time frame.
- The Prize Pool rewards will be distributed in XRD tokens (Radix).
- XRD distribution will be coordinated by the Radix team directly. All winners will be contacted by BitMEX to provide a valid XRD deposit address.
- Any prizes will be considered forfeited if the winners do not provide an XRD deposit address within 2 weeks after the competition has ended.
- The Prize Pool winners are identified according to the competition leaderboard snapshot towards the end of the competition at 11:59:00 UTC on 4 Feb 2024.
- No corporate entities nor individual users trading via corporate accounts will be permitted to take part in this competition.
- A minimum of $35,000 total derivatives trading volume must be met to be eligible for the competition prize pool.
- Joining the competition is subject to our Terms of Service, Exchange Rules, Guild terms and FAQs, and any other terms or directions we may provide.
- We reserve the right to modify these terms at our sole discretion. Trading derivatives is high risk, please refer to our Terms of Services here and Risk Disclosure Statement here.
