Join BitMEX's Exciting Trading Competition for Lunar New Year

Join BitMEX's Exciting Trading Competition for Lunar New Year

MAHE, Seychelles — BitMEX, the original cryptocurrency derivatives exchange, is thrilled to announce its latest trading competition titled the "Slither to Success Trading Competition." This engaging contest, launched to celebrate the Lunar New Year, offers participants an opportunity to compete for an impressive prize pool of 188,888 USDT.

Competition Overview and Structure

Running from 23 January 2025 at 11:00 AM (UTC) to 16 February 2025 at 11:59 PM (UTC), the competition invites traders of all levels to showcase their skills throughout the campaign period. Whether you are an experienced trader or just starting, this is a chance to take part in a fun and potentially profitable trading experience.

Participants in the competition will be ranked across three different categories, providing a variety of ways to win:

1. Highest Trading Volume

This category allocates 70% of the total prize pool to the top 50 traders based on their trading volume. Traders looking to maximize their earnings in this category need to engage actively with high trading volumes during the competition period.

2. Highest PnL

For those more focused on profitability, 15% of the prize pool will reward the top 50 traders ranked by their profit and loss (PnL). This encourages participants to develop effective strategies that yield significant gains.

3. Highest ROI%

The final category will also reward participants with 15% of the prize pool, divided among the top 50 traders ranked by their return on investment (ROI). This category highlights traders who can effectively maximize their investments.

Bonus for Bottom Traders

Interestingly, the competition also considers the bottom-performing traders. A special incentive of 1,000 USDT will be awarded to the five traders with the highest losses in terms of PnL. This unique twist ensures everyone can potentially benefit regardless of their performance outcomes.

How to Participate

For newcomers keen to join BitMEX and compete, full verification is required prior to participation in the trading competition. New traders can easily register on the BitMEX platform to ensure they're eligible for the contest.

Those interested in competing can find additional details and registration information available on BitMEX’s official channels. It's essential to act swiftly to take full advantage of this opportunity, as the campaign period encompasses various trading strategies that could prove beneficial.

About BitMEX

BitMEX is recognized as the leading crypto derivatives exchange, providing a robust platform tailored to the needs of professional traders. With its commitment to low latency and deep liquidity, traders enjoy unmatched reliability when performing transactions.

Since its establishment, BitMEX has maintained a strong security track record. No cryptocurrency has been lost due to hacking incidents, enabling users to trade confidently, knowing their funds are secure. Additionally, the platform offers an array of products and tools designed to help traders maximize profitability.

BitMEX is a pioneer in the cryptocurrency space, being one of the first exchanges to publish on-chain Proof of Reserves and Proof of Liabilities data. Such transparency in operations is reaffirmed through bi-weekly updates, assuring users their funds are safely managed and segregated.

For further inquiries or more information about BitMEX, the community can reach out via email or visit their dedicated webpage. Joining their online communities on platforms like Telegram, Twitter, and Discord can also enhance engagement with the brand and fellow traders.

Frequently Asked Questions

What is the Slither to Success Trading Competition?

The Slither to Success Trading Competition is a special event hosted by BitMEX to celebrate the Lunar New Year, allowing traders to compete for a total prize pool of 188,888 USDT.

How long will the competition last?

The competition runs from 23 January 2025 to 16 February 2025, providing ample time for participants to engage in trading activities.

How can I qualify for the prizes?

Participants can qualify for prizes by ranking in one of three leaderboards: highest trading volume, highest PnL, or highest ROI%.

Is there a bonus for lower-performing traders?

Yes, there is a 1,000 USDT bonus for the bottom five traders with the highest losses in PnL, making it an inclusive competition.

How do I participate in the competition?

New customers must be fully verified on the BitMEX platform to participate. Registration details can be found on BitMEX's official website.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.