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.
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.
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.
The competition starts on 22 January 2024 at 12:00 UTC and ends on 4 February 2024 at 11:59 UTC.
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.
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.