Trade BWB/USDT to earn BGB!

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Bitget Announcement2024/06/06 03:37

By:Bitget Announcement

Bitget adds BWB/USDT to Trade to Earn! (Trade NOT/USDT to earn BGB!) Register for the promotion during the designated period and trade to earn BGB. The total prize pool includes both a fixed prize pool and an additional prize pool: The total fixed prize pool is 340,000 BGB, with 60,000 BGB distribu

Bitget adds BWB/USDT to Trade to Earn! (Trade NOT/USDT to earn BGB!) Register for the promotion during the designated period and trade to earn BGB.

The total prize pool includes both a fixed prize pool and an additional prize pool:

The total fixed prize pool is 340,000 BGB, with 60,000 BGB distributed daily during the promotion.
The additional prize pool consists of the net income generated by BWB/USDT and NOT/USDT daily spot trading transaction fees (excluding transaction fees generated by API trading, sub-accounts, KYB institutional users, and market maker accounts, with rebates deducted). Rewards will be distributed in BGB to users who register for the promotion.

Use the Trade to Earn button to join the promotion and start your trading journey!

Promotion period: June 6, 8:00 PM – June 12, 11:59 PM (UTC+8)

Trade to Earn

How to participate:

1. Use the Register Now button on the promotion page.

2. Complete identity verification.

3. Make BWB/USDT and NOT/USDT spot trades on the spot trading page.

How to harvest rewards:

Use the Harvest button on the promotion page.

Details are as follows:

1. Bitget will distribute BGB rewards based on the BWB/USDT and NOT/USDT spot trading volume of the previous day, with different rewards for different trading volume tiers. Spot maker and taker orders, spot trading, spot trading bots, and spot copy trading of BWB/USDT and NOT/USDT will count towards individual trading volume. API trading, sub-accounts, KYB institutional users, and market maker accounts are not eligible.

2. Total prize pool = 340,000 BGB + total spot transaction fees for BWB/USDT and NOT/USDT (excluding transaction fees generated by API trading, sub-accounts, KYB institutional users, and market maker accounts, once rebates are deducted).

3. Prize pool eligibility:

- Lite pool: Users with a trading volume of less than 500 USDT on the previous day.

- Super pool: Users with a trading volume between 500 USDT and 50,000 USDT on the previous day.

- Diamond pool: Users with a trading volume of more than 50,000 USDT on the previous day.

For example, if a user reached a trading volume of 88,000 USDT yesterday, they would be eligible for the diamond pool.

4. Weight rule: Each prize pool has its own weight. The higher the weight, the higher the rewards.

- Lite pool: 1X

- Super pool: 2X

- Diamond pool: 5X

For example, if User A reached a trading volume of 88,000 USDT yesterday, their weight would be 5X. If User B reached a trading volume of 5000 USDT yesterday, their weight would be 2X.

5. Each prize pool = total trading volume of all users in that prize pool × prize pool weight ÷ (total trading volume of all users in the lite pool × lite pool weight + total trading volume of all users in the super pool × super pool weight + total trading volume of all users in the diamond pool × diamond pool weight) × total prize pool.

Take the super pool as an example. If the trading volume of all users in the three prize pools is 1,000,000 USDT, 5,000,000 USDT, and 10,000,000 USDT respectively, and the total prize pool is 200,000 BGB, then the super pool = 5,000,000 × 2 ÷ (1,000,000 × 1 + 5,000,000 × 2 + 10,000,000 × 5) × 200,000 = 32,786 BGB.

6. User reward = individual trading volume ÷ total trading volume of all users in the prize pool × the prize pool.

For example, if User A has a trading volume of 30,000 USDT, the total trading volume of all users in the super pool is 5,000,000 USDT, and the prize pool is 32,786 BGB, then the reward for User A = 30,000 ÷ 5,000,000 × 32,786 = 196 BGB.

7. Reward distribution: Rewards will be distributed based on the data from the previous day (T−1). Data will be updated on the page at 4:30 AM (UTC+8) every day. After the update, users can head to the page and use the Harvest button to claim their rewards. Each user can get up to 500 BGB per day. The first round of BWB trade to earn rewards will be updated on the page on June 7, 4:30 AM (UTC+8).

8. Rewards not claimed by the user will be automatically distributed to the user's spot account within three days after the promotion ends.

9. BGB and transaction fees will be converted based on the average of the opening and closing prices of the candlestick chart of the previous day.

Terms and conditions

1. Participants must use the Register Now button on the promotion page and complete identity verification to participate.

2. Sub-accounts, KYB institutional users, and market maker accounts are not eligible to participate.

3. All participants must strictly comply with Bitget's terms and conditions.

4. Bitget reserves the right to disqualify any user from participating in the promotion and confiscate their rewards if any fraudulent conduct, illegal activities (e.g., using multiple accounts to claim rewards), or other violations are found.

5. Bitget reserves the right to amend, revise, or cancel this promotion at any time without prior notice, at its sole discretion.

6. Bitget reserves the right of final interpretation of the promotion. Contact customer service if you have any questions.

Disclaimer

Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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