Cryptocurrency exchange Bitget has announced the fifth edition of its trading tournament, the King’s Cup Global Invitational 2024 (KCGI 2024). The prize pool includes $5 million in USDT, a Ferrari 296 GTB sports car, footballs signed by Lionel Messi, and other rewards, according to a press release.
The futures trading competition will take place from June 7 to 27. Winners will share a total prize pool of $5 million in USDT across three categories:
- Team Tournament. The top 10 teams will receive $1.5 million USDT for team PnL and $1.5 million USDT for trading volume;
- Individual Tournament. 100 winners will receive $750,000 USDT for PnL and $750,000 USDT for trading volume;
- Challenge for New Users. The top 100 participants who registered on Bitget and KCGI 2024 after May 15 will receive $250,000 USDT for PnL and $250,000 USDT for trading volume.
To become a team captain or member, one must have at least 100 USDT in a futures account. Each team must consist of at least 10 people, including the captain.
Additionally, from May 24 to June 27, users can earn chests and rewards in Bitget Token (BGB) by participating in daily competitions and completing tasks.
After the tournament concludes, Bitget will host a live prize draw for KCGI 2024 participants who have achieved a cumulative futures trading volume of 60,000 USDT. They will receive:
- A Ferrari 296 GTB sports car — one winner;
- Rolex Yacht-Master 40 watch — one winner;
- Football signed by Messi — three winners;
- Jersey from Messi — six winners;
- Bitget merchandise — 10 winners.
Organizers will contact the winners within two weeks after the draw to arrange prize delivery.
“In the fifth season of KCGI, we are excited to offer traders an unprecedented opportunity to test their skills, challenge themselves, and compete for incredible prizes,” commented Bitget Managing Director Gracy Chen.
Bitget is a cryptocurrency exchange that has been operating since 2018, serving over 25 million users in 100 countries. Since its inception, the ‘King’s Cup’ tournament has attracted over 51,000 traders worldwide.
Earlier, ForkLog published a detailed review of the Bitget ecosystem.