Trading Competition
Top 150 Individual Traders by their Total Taker Volume on all Altcoin pairs, except the BTCUSD and BTCUSDT derivative contracts, will win a share of 100,000 USDT.
A total of 30 winners will receive 50 USDT as their prize. Note: Multiple winnings for the same referrer are possible.
Traders will share the USDT rewards stated below according to their ranking.
| Trading Volume Prize Pool | <$300m 10,000 USDT | >$300m 20,000 USDT | >$800m 50,000 USDT | >$1.5bn 80,000 USDT | >$4bn 100,000 USDT |
|---|---|---|---|---|---|
| 1 | 2,000 | 4,000 | 9,000 | 14,400 | 18,000 |
| 2 | 1,800 | 3,600 | 8,000 | 12,800 | 16,000 |
| 3 | 1,600 | 3,000 | 7,500 | 12,000 | 15,000 |
| 4-10 | 1,600 | 3,000 | 7,000 | 11,200 | 14,000 |
| 11-30 | 1,600 | 2,800 | 6,000 | 9,600 | 12,000 |
| 31-50 | 1,400 | 2,000 | 5,000 | 8,000 | 10,000 |
| 51-100 | 1,600 | 4,000 | 6,400 | 8,000 | |
| 100-150 | 3,500 | 5,600 | 7,000 |
FAQs
Below, we’ve answered some of the questions you might have about the #BitMEXSummerShowdown Trading Competition.
How do I join the #BitMEXSummerShowdown Trading Competition?
You can join the competition any time from 10 Jul 2024 to 31 Jul 2024. Any verified BitMEX user can participate in the competition by signing up individually.
How does the #BitMEXSummerShowdown Trading Competition work?
Those in the trading competition will compete against other traders to attain the highest taker volume through trading any derivatives contract except BTCUSD and BTCUSDT on BitMEX. To be eligible for the ranking on the leaderboard, you must be one of the Top 150 traders by Taker Volume.
The competition will run for 21 days. It will begin on 10 Jul 2024 at 12:00 UTC and end on 31 Jul 2024 at 11:59 UTC.
What are the benefits of the #BitMEXSummerShowdown Trading Competition?
A Prize Pool of up to 100,000 USDT is available to the Top 150 Traders by Total Taker Volume on the leaderboard. The competition Prize Pool grows as the Total Trading Volume increases. You can check the current Prize Pool and the Minimum Taker Volume required for the Leaderboard at the top of this page.
How do I win the Top ROE Prizes? BitMEX will award the Top 10 traders with highest ROE (Return of Equity) a summer prize according to their taker volume generated during the competition period. To qualify, traders must be among the Top 150 by Taker Volume.
For example, if you ranked in the top 10 by ROE and your taker volume is $6m, you will win an Apple Watch SE.
Total Taker Volume Tier | Prize | Value (USD) |
<$3m | Amazon Gift Card
| $100 |
>=$3m | Apple Watch SE 44mm
| $300 |
>=$10m | Rimowa Suitcase Origin Cabin Twist Brown | $1,700 |
>=$20m | Apple MacBook Pro 14” M3 Pro | $2,500 |
>=$40m | Summer Trip Fund | $4,000 |
How do I win the New Joiner and Referral prizes?
1. Referral Raffle: 1,500 USDT to 30 Winners
A total of 30 winners will each win 50 USDT as their referral prize.
For every friend you bring onboard, you will receive one raffle ticket. The more friends you refer, the more tickets you get.
To be eligible, each referrer and referee must trade a minimum of $1,000 in notional contract volume within the campaign period. Those who refer a Whale friend (trading volume >1m+) will win 10 raffle tickets.
Note: Multiple winnings for the same referrer are possible.
2. New Joiner Trading Bonus: 2,000 USDT to 20 Winners
The top 20 new traders will be ranked by their Total Trading Volume and win an additional 100 USDT each.
To qualify, new traders must be verified on BitMEX within the competition period and choose to join the competition. They will be ranked amongst all new traders in the competition.
3. Welcome (-Back) Offer $5,000 in BMEX Tokens
New and existing users who have not traded in the past 360 days on BitMEX can earn up to $5,000 in BMEX (details here). Users who deposit and trade on BitMEX are eligible for the Welcome Offer.
How do I win the PnL Card-Sharing Raffle? To top it off, we are hosting a weekly PnL card-sharing raffle on Twitter, where we give away SOL, DOGE, USDT rewards. To participate, all you have to do is share your PnL card on Twitter and tag @BitMEX.
Terms and Conditions
This competition takes into account the trading volume of all derivatives contracts except BTCUSD and BTCUSDT pairs.
All winners are identified according to the competition leaderboard snapshot towards the end of the competition at 11:59:00 UTC on 31 Jul 2024.
Winners will be notified and rewards will be credited into users’ BitMEX.com wallets within 5 working days after the competition ends.
Users contacted but unresponsive by 15 Aug 2024 will forfeit their prize.
Trading Competition Prize Pool:
To qualify for the ranking on the leaderboard and share the Prize Pool of up to 100,000 USDT, traders must be one of the Top 150 traders by Total Taker Volume.
The Prize Pool rewards will be distributed in USDT (Tether).
Top ROE Prizes:
Winners will be notified by the BitMEX team individually to arrange for delivery of the physical prize.
Alternatively, winners can choose to receive the equivalent prize amount in USDT instead of the physical item.
BitMEX reserves the right to substitute the physical prize with an item of equal or greater value if the original prize is unavailable or difficult to procure.
All physical prize deliveries will be subject to applicable taxes, duties, and shipping/handling fees, which may be deducted from the prize amount.
BitMEX is not responsible for any delays, damage, or loss that may occur during the prize delivery process.
The design, specifications, and final format of the physical prize are at the sole discretion of BitMEX.
New Joiner and Referral Prize:
The Welcome (-Back) offer to new and returning traders will be distributed in BMEX Token (details here).
No corporate entities nor individual users trading via corporate accounts will be permitted to take part in this competition.
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.