Tournament Rules
Event Schedule:
- Team Captain Registration: 19:00 (UTC+7) on July 18, 2024 – 18:59 (UTC+7) on July 26, 2024
- User Registration: 19:00 (UTC+7) on July 26, 2024 – 18:59 (UTC+7) on August 8, 2024
- Qualifier Round: 19:00 (UTC+7) on August 1, 2024 – 06:59 (UTC+7) on August 19, 2024
- Finals: 19:00 (UTC+7) on August 23, 2024 – 06:59 (UTC+7) on September 6, 2024
Participation Requirements
Eligibility:
- Click "Join Team" and ensure the button changes to "Registered" for valid participation.
- Complete KYC identity verification to receive rewards.
- Individual accounts with VIP 6 or higher are ineligible.
- Only registered affiliates from eligible countries (e.g., Vietnam, Southeast Asia, MENA) may create teams.
Team Formation:
- Teams must have ≥10 members by August 8, 2024 (18:59 UTC+7).
- Users from restricted jurisdictions (e.g., U.S., China, Japan) cannot participate.
Trading Criteria
- Account Balance: Maintain ≥100 USDT in your main trading account during the tournament.
- Trading Volume: Achieve ≥10,000 USDT in USDT-margined perpetual contract trades.
- Valid Contracts: Only USDT-margined perpetual contracts qualify. Bonus-funded trades (except promotional bonuses) are excluded.
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Finals Qualification
- Top 15% of teams by P&L ratio advance to finals (minimum 50 teams).
- Eligible traders receive notification by August 22, 2024.
- Teams may opt out; replacements are selected from next-best qualifiers.
PNL Calculation Formula: PNL% = (PNL / Initial Equity + Total Deposits) × 100%
- Initial Equity: USDT balance at PNL Phase start.
- Total Deposits: USDT transfers into the trading account during the PNL Phase.
Reward Structure
Team Rewards (Total Prize Pool: 150,000 USDT)
| Rank | Prize Allocation |
|---|---|
| 1 | 22% |
| 2 | 18% |
| 3 | 15% |
| ... | ... |
| 10 | 2% |
Individual Distribution:
- Captain: 25% of team prize.
- Top 10 Traders: 35% shared equally.
- Remaining Members: 40% split proportionally.
New User Bonus: 10 USDT trading bonus (expires September 6, 2024).
FAQ
Q: Can I join multiple teams?
A: No. Each user may only participate in one team.
Q: What happens if my team disbands?
A: Members are randomly reassigned to eligible teams or may continue in individual rankings.
Q: How are rewards paid out?
A: Within 30 working days post-tournament. Verify KYC to avoid delays.
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Terms & Conditions
- Rewards subject to market volatility. OKX isn’t liable for value fluctuations.
- Fraudulent activity (e.g., wash trading) disqualifies participants.
- OKX reserves the right to modify rules or cancel the event without notice.
For full terms, refer to OKX’s Service Agreement.