This summer, BingX is thrilled to organize [BingX Vietnam League S1] Team Up And Trade To Win Big the most exciting trading event of the season. With a prize pool up to $155,000, this event is not to be missed. But that’s not all! By participating in the 4 Side Events, you’ll also have the opportunity to share a $35,000 Fiat prize pool. To learn more about the competition rules, prize structure, etc, please delve into the article below.
OVERVIEW OF THE TEAM TRADING CONTEST
[BingX Vietnam League S1] is a trading event where teams compete with each other in a competition to achieve the highest ROI and Trading volume. With an exclusive prize pool of $120,000 Fiat for the Vietnamese market, the event promises to be an exciting summer for traders.
Time
The competition will last for 1 month, with the following notable milestones:
- Team creation period: June 17, 2024 to June 24, 2024
- Team joining period: June 17, 2024 to July 16, 2024
- Competition period: June 25, 2024 to July 16, 2024
Participation rules
Participation conditions
To participate in the contest, you must meet the following conditions:
- For team leaders: Minimum net value of 200 USDT
- For team members: Minimum net value of 50 USDT
- Team size: At least 5 people
How to participate
Once you meet the eligibility requirements, you can participate in the contest by following these steps:
- Step 1: Register for the event HERE
- Step 2: Choose a team to join (OR create a new team). Note that each team must have at least 5 members and each member must meet the minimum asset requirement.
- Step 3: Contribute your Trading volume and ROI to the team.
Additional Side Events for More Rewards
In addition to the main event, you can also participate in 4 Side events to increase your chances of winning additional prizes, including Fiat money and Bonus vouchers:
- Side Event #1: Lucky Draw
- Side Event #2: AMA Livestream
- Side Event #3: Vote For The Winning Team
- Side Event #4: Live Trading
The Prize Structure
The Prize Pool: $120,000
Distribution of Prizes:
- ROI-Based Prize Pool: Up to $80,000 (Fiat)
- Trading Volume-Based Prize Pool: Up to $40,000 (Fiat)
Additional Prizes:
New User Bonus:
- The first 1,000 new users who register for the contest and complete KYC verification will receive a $10 voucher.
- New users who achieve a cumulative trading volume of $10,000 will receive an additional $20 voucher.
Competing Based on ROI
The Prize Pool
The prize pool is flexible and increases as more people participate in the contest.The maximum prize pool of $80,000 is unlocked when 5,000 participants join the contest. This incentive structure encourages participants to invite their friends and network to join the competition. Detail below.
|
Number of Participants
|
Unlocked Prize Pool (USD)
|
|
50
|
7,500
|
|
200
|
15,000
|
|
500
|
22,500
|
|
1,500
|
30,000
|
|
2,000
|
40,000
|
|
3,000
|
50,000
|
|
4,000
|
60,000
|
|
5,000
|
80,000
|
Distribution of Prizes
By Team
The top 10 teams will share the prize pool based on their overall performance. The distribution is as follows:
- Top 1 Team: 30% of the prize pool
- Top 2 Teams: 20% of the prize pool
- Top 3 Teams: 15% of the prize pool
- Top 4 – Top 10 Teams: 5% of the prize pool/ team
By Team Member
- Team creator (Leader): 20%
- Team member:
- Top 10 team members with Highest ROI: 40%
- Team members with minimum Trading Volume of $10,000: 40%
Competing Based on Trading Volume
The Prize Pool
The trading volume of teams will determine how much of the prize pool is unlocked. The higher the total trading volume, the larger the prize pool unlocked. The highest prize pool unlocked is $40,000 when teams reach a total trading volume of $400 million. See the table below for details.
|
Total Trading Volume
(USDT)
|
Unclocked The Prize Pool
(USDT)
|
|
100 million
|
10,000
|
|
200 million
|
20,000
|
|
300 million
|
30,000
|
|
400 million
|
40,000
|
- Top 1 x2 ROI for the team
- Top 2 x1.8 ROI for the team
- Top 3 x1.6 ROI for the team
- Top 4 x1.5 ROI for the team
- Top 5 x1.4 ROI for the team
- Top 6 x1.3 ROI for the team
- Top 7 x1.25 ROI for the team
- Top 8 x1.2 ROI for the team
- Top 9 x1.15 ROI for the team
- Top 10 x1.1 ROI for the team
Prize Distribution
By Team
The top 10 winning teams will share the prize pool based on the total trading volume of all participating teams. The top 10 teams in terms of total trading volume will be determined as follows:
- Top 1 Team: 30% Prize pool
- Top 2 Team: 20% Prize pool
- Top 3 Team: 15% Prize pool
- Top 4 Team – Top 10: 5% Prize pool/team
By Team Member
- Team creator (Leader): 20%
- Team member: 80% (reach minimum Trading Volume $10,000)
DETAIL INFORMATION ABOUT 4 SIDE EVENTS
In addition to the main event [BingX Vietnam League S1], BingX is also hosting a series of 4 side events with a total prize pool of $35,000.
Side Event #1 – Lucky Draw
Kickstart your trading adventure with the Lucky Draw, an event brimming with excitement and enticing prizes. The prize pool for this segment is up to $4,000 (Fiat). The sooner you register, the higher your chances of winning USDT.
How to take the reward
- Make sure you have registered for the [BingX Vietnam League S1] event (from June 17th to June 29th, 2024)
- The Lucky Draw will be held live during the AMA Livestream.
- Each session will select a Top 9 lucky winners to share the prize pool of $1,000 (Fiat) per AMA session
- Non-winning UIDs will be eligible for future AMA draws.
Rewards
Total Prize Pool: $4,000 Fiat
Prize per AMA Session: $1,000 Fiat. Prize Breakdown:
- 1st Prize: $500 (Fiat)
- 2nd Prize: $200 (Fiat)
- 3rd Prize: $100 (Fiat)
- 4th Prize: $50 (Fiat) each
- 4 Encouragement Prizes: $25 (Fiat) each
Side Event #2 – Live AMA
The [BingX Vietnam League S1] is heating up with 4 Live AMA sessions packed with valuable knowledge and practical lessons to empower your trading journey. Not only will you gain insights from experienced traders, but you’ll also have the chance to share a prize pool of up to $8,000 (Voucher Bonus) by asking questions during the Livestreams.
General Information
Dive into a series of Live AMA in 4 days tailored to enhance your trading expertise:
Time: 20:00 – 21:00 (1 hour)
Date and AMA Topic:
- Day 1 (18/06/2024): Exploring Trading Psychology
- Day 2 (21/06/2024): Advanced Trading Techniques
- Day 3 (23/06/2024): Effective Risk Management Strategies
- Day 4 (29/06/2024): Case Studies – Real-World Trading Experiences
Broadcasting Platform: Youtube BingX Việt Nam
Rewards Structure
- Registered for the [BingX Vietnam League S1] competition
- Follow Channel Announcement and Group chat
- Subscribed to the Youtube BingX Viet Nam channel
Rewards
Total prize pool for Side Event #2: $8,000 (Voucher Bonus)
Prize pool for each Live AMA: $2000 (Voucher Bonus). Prize Breakdown:
- $50 Voucher/User (x5 leverage), for:
- 30 random viewers on the Live AMA (announced at the end of the live session)
- 10 users with insightful questions selected to ask the guest, including:
- 5 questions chosen from the Telegram BingX Vietnam community
- 5 questions selected directly on Live
Side Event #3 – Live-Trading
Embark on an exhilarating trading adventure with Side Event #4 of the BingX Vietnam League S1, where you can showcase your trading skills and compete for a share of an incredible prize pool of $28,500 (Fiat). This event promises an adrenaline-fueled experience filled with exciting challenges and lucrative rewards.
General Information
- Live-trading Time: 19:30 – 21:30 (2 hours)
- Live-trading Date: June 26th – July 16th, 2024 (Excluding Saturdays and Sundays)
Rewards
The total prize pool for Side Event #3 is $28,500 (Fiat), divided into three categories:
- Category 1: Livetrading Team Competition ($18,000)
- Category 2: Livetrading Participant Rewards ($6,000)
- Category 3: Viewer Rewards ($4,500)
To be specific, view the below detailed information:
Category 1: Livetrading Team Competition ($18,000)
Top 4 Teams with the Highest ROI:
- 1st Place (Winner): $10,000
- 2nd Place (Runner-up): $5,000
- 3rd & 4th Place (Semifinalists): $1,500 per team
Details of the Livetrading Rounds:
- Qualifying Round: 16 teams
- Quarter-Final: 8 teams
- Semi-Final: 4 teams
- Final: 2 teams
Semi-Final Prizes:
- Top 3 & 4 Teams: $1,500 (Fiat) per semi-final match
- Winning Teams come to the Final Round
Final Prizes:
- Top 1 Team: $10,000 (Fiat)
- Top 2 Team: $5,000 (Fiat)
*Prize Eligibility Conditions:
- Minimum of 4 trades during the live session
- Minimum trade duration: 5 minutes
- Trading currency: USDT
- Minimum leverage: X50
- Winner is who has the Highest ROI
Notice:
No participation in live results in disqualification.
- If one team skips, live continues with the host and remaining team.
- Prizes for teams and viewers are still distributed.
If no teams participate,the host will live and distribute viewer prizes randomly.
Teams must have 3 backup traders registered BEFORE June 24, 2024.
Category 2: Livetrading Participant Rewards ($6,000)
- BingX generously provides a sponsorship of $200 per team for each match, regardless of the outcome.
- Both the winning and losing teams retain the initial sponsorship amount, ensuring that all participants benefit from BingX’s support.
- For the winning team, it is crucial to provide their BingX UID to the organizers. This allows the organizers to reset the team’s account level, ensuring accurate ROI calculations for subsequent matches.
Important Note:
- Teams eliminated after each round will have their sponsorship account reclaimed by BingX. This includes the overall winner, ensuring fairness and transparency in reward distribution.
Category 3: Viewer Rewards ($4,500)
Tổng thưởng dành cho người xem mỗi phiên live: $300 (Fiat)
- Total viewer rewards per live session: $300 (Fiat)
- 15 viewers who meet the following criteria will be randomly selected to receive $20 (Fiat) each AFTER the live session.
* Reward Conditions:
Viewers need to follow these steps to qualify for the reward:
- Step 1: Execute any trade during the live session (avoid using the leverage suggested by the KOL).
- Step 2: Screenshot the trade and post it in the BingX Vietnam Telegram community with your UID (during the live session).
Side Event #4 – Predict the Winning Team
To enhance the excitement and drama of the competition, there will be a voting session before each Livetrading match to predict the winning team. Those who successfully predict the winning team will share a prize pool of $3,000 (Fiat).
General Information
- Time: Voting closes at 15:00 on the SAME DAY as the Livetrading session
- Voting Platform: TBA on BingX Vietnam Social Channels
- Total Voting Rounds: 15
Rewards
To ensure a level playing field and reward active participation, the following eligibility criteria must be met:
- Social Media Engagement: Demonstrate your support for BingX by following the four official social media channels:
- Social Media Sharing: Expand the reach of the contest by publicly sharing the contest post on X (Twitter) + tagging 03 friends.
>>> Note: The Prediction post will be published on X before the voting day, allowing ample time for sharing.
- Valid UID Registration: Ensure accurate reward distribution by entering a valid UID when participating in the vote.
- Friend Invitation (Optional): While not mandatory, inviting friends to participate in voting adds to the excitement and increases your chances of winning the “Inviting the Most Friends” prize.
Rewards Structure
The total prize pool for Side Event #4 – Predict the Winning Team stands at an impressive $3,000 Fiat, divided into two categories:
- Correctly Predicting the Winning Team ($100):
- 10 people will be randomly selected from those who correctly predict the winning team
- Reward: $10 per person
- Inviting Most Friends ($100):
- The top 10 people who invite the most friends to vote will share the $100 reward