The 3rd session of Bibox Perpetual Contract Team Competition is starting soon. Join to share the grand rewards of 588,000 USDT! Team leaders will have privilege to get additional shares of rewards, enjoy the commission of team members’ transaction fees with no upper limit, get subsidy for inviting new users and etc.
Event Forms
Team Battle and Individual Ranking
At least 2 members make a team, with no limit to the number of team members.
Time
Sign Up : 12/28/2019 16:00 PM – 01/10/2020 12:00 PM (GMT+8)
Event Time: 12/30/2019 16:00 PM – 1/22/2020 12:00 PM (GMT+8)
All effective participants are eligible to enjoy rewards for both Team Battle and Individual Ranking.
【Team Battle】
During the event, Bibox will calculate the Team Power of the team, and display Top 10 teams in real time on the event page. More effective participants, Higher rewards.
The team rewards are as the following:
|
Team Rewards (USDT) |
||||
|
No. of effective participants |
TOP1 |
TOP2 |
TOP3 |
TOP4-10 (Each Team) |
|
>= 10000 |
210,000 |
105,000 |
52,500 |
10,500 |
|
8000-9999 |
168,000 |
84,000 |
42,000 |
8,400 |
|
7000-7999 |
126,000 |
63,000 |
31,500 |
6,300 |
|
5000-6999 |
98,000 |
49,000 |
24,500 |
4,900 |
|
4000-4999 |
70,000 |
35,000 |
17,500 |
3,500 |
|
3000-3999 |
49,000 |
24,500 |
12,600 |
2,800 |
|
2000-2999 |
28,000 |
14,000 |
7,000 |
1,400 |
|
1000-1999 |
14,000 |
7,000 |
3,500 |
700 |
|
500-999 |
7,000 |
3,500 |
1,750 |
350 |
|
200-499 |
3,500 |
1,750 |
840 |
140 |
# Users with 0 trading volume will not be counted as effective participants and not be eligible to get the rewards.
Team Rewards distribution
- 30%: Team Leader
- 50%: Shared among all members according to Individual Power
- 20%: Shared among all members according to individual trading volume
Team Leader Benefits
1. 10% commission of team members’ transaction fees with no upper limit during the event.
2. Bibox will assist leaders to recruit members. Leader has the right to decide whether to accept.
3. Apply for subsidy provided by Bibox for inviting new users.
Concepts to understand
Initial Net Value: the estimated value of the assets in contract account when this event starts (unrealized profit included)
Final Net Value: the estimated value of the assets in contract account when this event ends (unrealized profit included)
Total Contract Account transferred Value: the cumulative value transferred to the contract account from the sign-up to the end of the competition.
Max: the largest value of multiple data.
Log 2 (Final Net Value): the logarithm of the final net value based on 2
Formulas
Team Power = The total power of every team member
Individual Power = Max (Individual Profit Rate ,0)*log 2(Final Net Value)
Individual Profit Rate = (Final Net Value-Max(Initial Net Value +Total Contract Account Transferred Value),Participation Requirement) / Max(Initial Net Value +Total Contract Account Transferred Value),Participation Requirement)
The higher the Profit Rate, the larger the fund is , therefore easier to increase power. Transferring fund out of the contract account will decrease power, as shown below:
|
Initial Net Value (USDT） |
Final Net Value |
Transferred in Value |
Transferred Out Value |
Individual Power |
|
120 |
240 |
0 |
0 |
((240-120)/120*log2(240)=7.91 |
|
1,200 |
2,100 |
0 |
0 |
((2100-1200)/1200)*log2(2100)=8.28 |
|
1,200 |
2,400 |
0 |
0 |
((2400-1200)/1200)*log2(2400)=11.23 |
|
120 |
240 |
60 |
60 |
((240-(120+60))/(120+60))*log2(240)=2.64 |
Team Competition Must Know
1. All participants must have no less than 120USDT (estimated value) in the contract account
2. Contract type: All Bibox Perpetual Contract trading pairs
3. Users can choose to form a team or join other teams. You cannot change or exit a team once you join it.
4. Accounts with preferential fee rate and sub accounts are not eligible to participate in this event.
5. Any account with trading behaviors that violates principle of fairness such as self-trading will be immediately disqualified or even banned depending on the severity.
6. If the team leader violates the rules, all rewards (including 10% rebate) will be cancelled, and 30% of the leader reward and 50% of the team bonus will be divided and shared according to the individual power percentage within the team.
7. Reward Distribution: The reward will be distributed to your Wallet within 5 business days after the end of this event.
Click to participate in Contract Battle Event
【Individual Ranking】
Bibox will rank all participants according to the total profits and losses during the event (Realized + Unrealized profits and losses) of each individual, which will be displayed real-time. The team with more effective participants will win more reward. The Top 10 individual will get the rewards as follows:
|
Individual Rewards（USDT） |
||||
|
No. of effective participants |
TOP1 |
TOP2 |
TOP3 |
TOP4-10 (Each user) |
|
>= 10000 |
70,000 |
35,000 |
17,500 |
3,500 |
|
8000-9999 |
56,000 |
28,000 |
14,000 |
2800 |
|
7000-7999 |
42,000 |
21,000 |
10,500 |
2,100 |
|
5000-6999 |
28,000 |
14,000 |
7,000 |
1,400 |
|
4000-4999 |
21,000 |
10,500 |
5,250 |
1,050 |
|
3000-3999 |
14,000 |
7,000 |
3,500 |
700 |
|
2000-2999 |
10,500 |
5,250 |
2,625 |
525 |
|
0-1999 |
7,000 |
3,500 |
1,750 |
350 |
# All participants, once start trading, will be enrolled for individual ranking.
Must-Know for Individual Ranking
1. All participants must have no less than 120USDT (estimated value) in the contract account
2. Contract type: All Bibox Perpetual Contract trading pairs
3. Accounts with preferential fee rate and sub accounts are not eligible to participate in this event.
4. Reward Distribution: The reward will be distributed to your Wallet within 5 business days after the end of this event.
Click to participate in Individual Ranking
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Bibox Team
Official Website: https://www.bibox.com/
12/28/2019
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Bibox Official Channels
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