852hodoo July Trading Competition

Competition Overview

Join the exciting 852hodoo July Trading Competition for a chance to showcase your skills and win remarkable rewards! This event is specially designed for affiliate invitees to demonstrate their trading prowess in USDT perpetual contracts.

Key Dates

• Registration Period: July 15, 2024 (00:00 UTC) – August 12, 2024 (23:59 UTC)
• Competition Period: July 15, 2024 (00:00 UTC) – August 13, 2024 (23:59 UTC)

Eligibility Criteria

To participate in this trading competition, ensure you meet the following requirements:

1. Registration Process:

   • Click the "Join now" button and verify it changes to "Enrolled" for valid participation.

2. Affiliate Invitation:

   • Only users registered via an affiliate link or using an affiliate invitation code are eligible.

3. Account Verification:

   • Complete KYC (Know Your Customer) identity verification to qualify for rewards.

4. Account Restrictions:

   • Participation is limited to main accounts only. Sub-accounts are not eligible, and their trading volumes or earnings will not be counted.

Competition Requirements

Asset Qualification

• Maintain a minimum balance of 300 USDT in your main trading account at any point during the competition ("PnL Period").

Trading Volume Criteria

• Achieve a minimum trading volume of 100,000 USDT in USDT perpetual contracts during the PnL Period.
• Failure to meet this threshold will exclude your performance from the leaderboard.

Participation Validity

• The competition requires at least 10 qualified participants to proceed. Otherwise, it will be canceled without liability.

Eligible Contracts

Only trades in USDT perpetual swap trading pairs are valid for this competition.

👉 Learn more about USDT perpetual contracts

Note: Trading volume must be generated using your own USDT, excluding any platform rewards like rebate cards or contract vouchers.

P&L Calculation Methodology

Key Formulas

1. P&L Percentage:

   P&L% = P&L / (Initial Equity + Total Deposit Amount) * 100%

2. P&L:

   P&L = [Unrealised P&L + Realised P&L - Initial Unrealised P&L]

Definitions

• Initial Equity: USDT balance in your main trading account during the first 5 minutes of the PnL Period.

• Total Deposit Amount: Sum of:

  • USDT transferred from non-trading OKX accounts during the PnL Period.
  • USDT obtained from spot trades in your main trading account.
  • USDT from contract vouchers during the PnL Period.
• Initial Unrealised P&L: Value of open USDT perpetual swap positions at the start of the PnL Period.

FAQs

1. Who can participate in this competition?

Only affiliate invitees who complete KYC and meet the asset/trading volume criteria are eligible.

2. Can sub-accounts participate?

No, only main accounts qualify. Sub-account activities are excluded.

3. What happens if fewer than 10 users join?

The competition will be canceled if fewer than 10 qualified participants register.

4. How is trading volume calculated?

Only USDT perpetual contract trades using your own USDT (excluding rewards) count toward the 100,000 USDT threshold.

5. Are withdrawals allowed during the competition?

Yes, but withdrawals do not affect the calculation of Initial Equity or Total Deposit Amount.

6. Where can I check my competition standing?

Leaderboard updates will be provided periodically during the competition.

👉 Stay updated on competition results

Note: All terms and conditions apply. OKX reserves the right to amend rules or cancel the competition if necessary.