Poloniex to host futures championship with $80,000 prize pool

The Poloniex cryptocurrency exchange announced a futures championship. The event will run for 20 days—from April 19 to May 9.

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Traders will compete in four categories: a referral contest, team battle, and contests for absolute profit and PnL.

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Referral contest, prize pool — 25,000 USDT

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Conditions: invite friends and accumulate points for their activity. One referral can earn a participant up to 10 points.

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Registration: in the Google Form.

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Rewards: Poloniex will distribute 20,000 USDT among participants in proportion to the number of points. 1,000 participants will receive 5 USDT for making their first futures trade.

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Team competition, prize pool — 30 000 USDT

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Conditions: form a team and trade futures. The higher the trading volume — the larger the prize.

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Registration: in the Google Form.

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Rewards: Poloniex will pay fixed prizes to 50 winners ranging from 10,000 to 50 USDT; the remaining teams will share 1,500 USDT.

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Absolute profit and PnL contests, prize pool — 25 000 USDT

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Conditions: trade futures. Winners will be those with the largest absolute profit in USDT and the best profit-to-deposit ratio.

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Registration: in the Google Form.

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Rewards: the exchange will award winners from 3,000 to 50 USDT, the remaining participants will share 1,000 USDT. The first 1,000 participants will receive a bonus of 5 USDT.

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More details on the rules and prizes — on the championship page.

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Poloniex is one of the oldest cryptocurrency exchanges, operating since 2014. The platform supports spot and futures trading in more than 200 pairs.

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Earlier ForkLog published educational cards about futures.

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