The crypto-derivatives exchange Coincall launched the Daily Futures Challenge with a prize pool of up to 10 BTC in options. ForkLog was told by representatives of the trading platform.
The event runs until August 31. To participate you need to:
- register on CoinCall and complete verification;
- fill out the Google form.
As part of the Daily Futures Challenge you must make at least two trades per day with a total volume of at least 500 USDT. For two profitable trades Coincall will credit 1 ETH in options, for one — 0.2 ETH. If both trades were unprofitable, the user will receive 0.1 ETH in options.
“Participants may receive only one reward per day — only the first two trades are counted. An open position must be held for at least one minute. 0% profit is considered a loss,” the Coincall team notes.
The organisers will compile a ranking of participants with the largest trading volume. Winners will receive:
- 1st place — 10 BTC in options;
- 2nd place — 8 BTC in options;
- 3rd place — 5 BTC in options;
- 4–10th places — 4 BTC in options each;
- 11th–20th places — 40 ETH in options each;
- 21st–30th places — 30 ETH in options each;
- 31st–40th places — 20 ETH in options each;
- 41st–50th places — 10 ETH in options each.
To be included in the ranking, the total trading volume must exceed 5000 USDT.
In addition, Coincall will credit 0.1 ETH in options to 1,000 users who deposit at least 50 USDT (TRC20).
The exchange will distribute the rewards within 5–14 working days after the Daily Futures Challenge ends.
CoinCall — a crypto-derivatives exchange registered in The Bahamas. The platform does not custody client funds and uses the infrastructure of external custodial services Copper and Cobo.
Coincalltook place in early July 2023.