Only invited users can participate.
📅 Team Creation Period: 2024-06-17 00:00 to 2024-06-24 23:59 (UTC+7)
📅 Team Joining Period: 2024-06-17 00:00 to 2024-07-16 23:59 (UTC+7)
🔥 Team Contest Period: 2024-06-25 00:00 to 2024-07-16 23:59 (UTC+7)
  1. How to Register for the Team Contest
Register for the Team Contest to participate by creating a team or joining a team. Please refer to the specific requirements as below.
By "registering" to participate in the event, you are automatically enrolled in both Activities (ROI race and Trading Volume race). The ROI competition requires a minimum trading volume of 10,000 USDT to be ranked, while the trading competition has no minimum requirement for ranking.
1) Create a team (as a leader) between 2024-06-17 00:00 and 2024-06-24 23:59 (UTC+7)
The team will be eligible to join the ranking after meeting the following criteria:
a. Net assets of team ≥ 200 USDT
b. Team members ≥ 5
How to create a team:
â‘  Click "Create Team".
â‘¡ Once the team is created, you can share the team link to invite users to join your team.
â‘¢ 24 hours before the contest, if your team has fewer than five members, you can continue to invite team members to join to meet the team formation criteria. If your team still does not meet the criteria by the start of the contest, it will be disbanded.
2) Become a team member (join a team) between 2024-06-17 00:00 and 2024-07-16 23:59 (UTC+7)
You must meet the following criteria to join a team:
a. Net asset value ≥ 50 USDT
How to join a team:
â‘  Visit the contest page, choose a leader and click "Join" to join his/her team. Click "Join" to participate.
â‘¡ If your team has fewer than 5 members, the system will remind you to join another team 24 hours before the contest starts. You can invite other members to join to meet the team formation criteria. If your team has fewer than 5 members at the start of the contest, the team will be disbanded, and participants can then choose to join another team.
*Disclaimer: The market analysis from team leaders does not represent the official opinions of BingX. BingX will not assume any responsibility for any trading losses incurred by team members.
  1. How will the prize pool be distributed
Trading Volume Contest:
The more trading volume, the larger the prize pool. The top 10 teams in trading volume will get to enjoy a proportional size of the prize pool as a team reward, which is shared among the team members.
Trading Volume（Million USDT)
Prize Pool (USDT)
100M
10,000
200M
20,000
300M
30,000
400M
40,000

 

Ranking
Team Reward
Leader Reward
Member Reward
1st Team
30% of the prize pool
20% of the team reward
Members (including team leader) get a share from the remaining 80% of the team reward based on the proportion of their individual trading volume to the total team trading volume. With minimum 10K trading volume to be eligible to unlock the reward
2nd Team
20% of the prize pool
3rd Team
15% of the prize pool
4th-10th Team
5% of the prize pool
ROI Contest:
The more participants, the larger the prize pool. The top 10 teams in ROI will get to enjoy a proportional size of the prize pool as a team reward, which is shared among the team members. The ROI prize pool requires the competition to reach the corresponding trading volume to be unlocked.
No. of Participants
Prize Pool (USDT)
Required Trading Volume(Million USDT)
50
7,500
100M
200
15,000
200M
500
22,500
300M
1500
30,000
400M
2000
40,000
550M
3000
50,000
700M
4000
60,000
850M
5000
80,000
1000M
Ranking
Team Reward
Leader Reward
Member Reward
1st Team
30% of the prize pool
20% of the team reward
40% - Top 10 users with the highest ROI (must be positive ROI)
40% - everyone in the team based on VOL contribution (minimum 10K)
2nd Team
20% of the prize pool
3rd Team
15% of the prize pool
4th-10th Team
5% of the prize pool
VOLUME MULTIPLIER (Team ranked top 10 in the Trading Volume Contest will have a special coefficient which will be applied to the ROI ranking board)
  • Top 1 teams ranking on Trading Volume board will have an increase x2 for their team ROI
  • Top 2 teams ranking on Trading Volume board will have an increase x1.8 for their team ROI
  • Top 3 teams ranking on Trading Volume board will have an increase x1.6 for their team ROI
  • Top 4 teams ranking on Trading Volume board will have an increase x1.5 for their team ROI
  • Top 5 teams ranking on Trading Volume board will have an increase x1.4 for their team ROI
  • Top 6 teams ranking on Trading Volume board will have an increase x1.3 for their team ROI
  • Top 7 teams ranking on Trading Volume board will have an increase x1.25 for their team ROI
  • Top 8 teams ranking on Trading Volume board will have an increase x1.2 for their team ROI
  • Top 9 teams ranking on Trading Volume board will have an increase x1.15 for their team ROI
  • Top 10 teams ranking on Trading Volume board will have an increase x1.1 for their team ROI
*ROI Ranking Calculation: ROI During the Event = [Equity after Settlement - Other Earnings - (Initial Equity + Deposit) + Withdrawal] / (Initial Equity + Deposit). Initial Equity: Net asset value of the account at the start of the contest (unrealized PnL included). Equity after Settlement: Net asset value of the account at the end of the contest (unrealized PnL included). Deposit = Cumulative deposits during the contest, including deposits, internal transfers, crypto conversions, referral commissions, and profits generated from using Bonuses.
Any Additional Perks for the Team Contest?
1. Register for Guaranteed Mystery Box:
Users who successfully register for the Team Contest will receive a mystery box.
2. Newcomers Reward
KYC task: The first 1000 new users who register for the campaign and complete KYC can get an additional 10 USDT coupon .
Cumulative trading task: The first 1000 new users who complete a cumulative trading volume of 10,000 USDT can get an additional 20 USDT coupon.
First come, first served. All Bonus vouchers received from the event come with 5x leverage and a validity period of 3 days. Rewards will be distributed within 7 working days after the end of the event.
*Definition of new user: Users who created a BingX account between 2024-06-17 at 10:00 and 2024-07-16 at 23:59 (UTC+8). Please note that completing KYC verification is necessary to be eligible for the reward.
Special Note:
  1. Before the start of the contest, users can choose to register for the event in either of the two ways. After the contest begins, users can only choose to join a team.
  2. Team Contest requires users to maintain an initial net asset value (NAV) of at least 200 USDT to create a team and net asset value (NAV) of at least 50 USDT to join a team to participate in the event. Trading data of users who are not in a team will not be counted.
  3. Both Standard Futures and Perpetual Futures trades held for 1 minute will be counted for this event. (limited to USDT-M crypto trading pairs only).
  4. ROI / VOL is only calculated if the user has signed up for the team.
  5. Team ROI calculation: Team Rate of return ; Rate of return = sum of positive returns of the top 10 players/denominator of rate of return Example: Denominator of rate of return = 10, Return rate = sum of the return rates of the top 10 players with positive returns/10 If the team has only 5 members with positive returns, then take the sum of the returns of the top 5 members with positive returns/10 If the team has 14 members with positive returns, then take the sum of the returns of the top 10 members with positive returns/10
  6. Please note that unlocking the ROI prize pool requires not only a certain number of participants but also a specific trading volume. If either condition is not met, the corresponding ROI prize pool cannot be unlocked.
  7. Rewards will be calculated based on the final rankings at the end of the event and issued within 7 working days after the event.
  8. Any users involved in unfair activities, such as participating with multiple accounts, self-dealings or wash trading, will be disqualified.
  9. BingX reserves the right to the final interpretation of this event.

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