Skip to main content

Trade To Earn Challenge - 241213 FAQ

  • Updated

Q: What is the Trade to Earn Challenge?
A: The Trade to Earn Challenge is an event that will replace the VIP Earn Pool component of the Flipster VIP Program. The event aims to reward eligible participants with BTC position airdrop worth up to 1,000 USDT.

 


Q: When does the event take place?
A: The event period is from 13 December 2024 at 00:00 UTC until 12 January 2025 at 00:00 UTC.

 


Q: What is the task and how can I be eligible to participate in the event?
A: To join the challenge and be eligible for rewards, participants must:

  1. Complete Identity Verification:
    Ensure your account is fully verified. Without identity verification, you will not be eligible for the rewards.

  2. Register within the Challenge Period:
    Register for the challenge between 13 December and 12 January 2025.

  3. Meet the Trading Volume Requirement:
    Contribute a total trading volume greater than or equal to 3,000,000 USDT within the last 15-day period during the event period.

    • Important:
      • The trading volume is calculated only after successful registration for the challenge.
      • Participants will qualify for the daily reward pool if their trading volume within the last 15 days meets or exceeds 3,000,000 USDT.
      • Participants will no longer qualify for the daily reward pool if their trading volume within the last 15 days drops below 3,000,000 USDT.
    • Example Scenario:

      • Day 1:

        • Participant registers and achieves a trading volume of 3,000,000 USDT

        • Eligible for the daily reward pool on Day 1

      • Day 16:

        • Trading volume from the preceding 15 days drops below 3,000,000 USDT as no trading volume was accumulated from Day 2 to Day 15

        • Not eligible for the daily reward pool on Day 16

        • Will only be eligible for the daily reward pool once the trading volume exceeds 3,000,000 USDT again, which will be applicable on Day 17 onwards.

 

Q: What are the rewards for this event and how are the rewards distributed?

A: Participants who qualify for the challenge will receive Perpetual Swap Contract positions as their rewards. Here’s how it works:

  • Contract Specifications:

    • Symbol: BTC
    • Contract: BTCUSDT.PERP
    • Direction: Long or Short (determined by the participant)
    • Initial Margin: Up to 1,000 USDT in value
    • Leverage: 10X

 

  • Reward Distribution:

    • Daily prize pool of 1,000 USDT Bonus will be distributed evenly among qualified participants as initial margin for position airdrop.

        • Initial Margin = 1,000 USDT Bonus / # of Qualified Participants

 

  • Example Scenario:
      • Total Daily Prize Pool: 1,000 USDT
      • If 100 participants qualify:
        • Each participant will receive:
          1,000 USDT / 100 participants = 10 USDT each
        • The reward will be provided as an initial margin for the BTCUSDT.PERP position, with 10X leverage.

Note: Perpetual Swap Contract Positions received from the Trade to Earn Challenge cannot be closed within 60 minutes of receiving the airdrop rewards

 

 

Q: When will the rewards be distributed?

A: Rewards are distributed daily by 23:59 UTC. Do note that rewards will not be distributed on non-business days (weekends). It will be distributed by the next business day (Monday) instead.

Based on the above, the first distribution for this challenge will take place on 16 December 2024 (Monday) by 23:59 UTC and run until 13 January 2025 by 23:59 UTC.


Q: Who can I contact for further questions?
A: Kindly submit a service request form, or reach out to us via Live Chat support for more information.

 

Related articles