The Second Session of Hotbit’s Mock Perpetual Trading Competition

Dear Respected Hotbit Users,

        Based on the support of all friends and users, Hotbit continues to develop new products. Recently, Hotbit has just iterated its perpetual products. Hence, Hotbit hereby announces the launch of the upcoming 【Second Session of Hotbit’s Mock Perpetual Trading Competition】. Hotbit sincerely welcomes all users to participate in the competition and share the great rewards together!

- Duration: 08:00, February 4th, 2021 ~ 08:00, February 18th, 2021 UTC

- Rules And Regulations：

 During the competition, all users may participate in the competition by visiting the 【Perpetual】 section on Hotbit’s official website and claiming 5 vBTC. All mock trading activities will be based on real-world trading activities in real time. Hotbit will rank all participants based on their rate of profits (rate of profits = (current assets - initial assets) / initial assets) and number of valid trading activities conducted (which refers to the number of non-cheating trading activities conducted by any single account with valid rate of profits). The rewards are listed as below:

【Hotshot Reward】

During the competition, the participants who are ranked No. 1 - No. 20 may share 2,000 USDT (in order to be qualified for claiming the rewards, the participants must meet the requirement that their rates of profits should be no less than 100%) as rewards equally;

The participants who are ranked No. 21 - No. 100 may share 1,000 USDT as rewards equally (in order to be qualified for claiming the rewards, the participants must meet the requirement that their rates of profits should be no less than 70%);

Each of the participants who are ranked No. 101 - No. 200 may receive 2 USDT as rewards (in order to be qualified for claiming the rewards, the participants must meet the requirement that their rates of profits should be no less than 30%).

【Frequent Trader Reward】

During the mock perpetual trading competition, Hotbit will rank all participants based on the number of trading activities that they have conducted.

Each of the participants who are ranked No. 1 - No. 20 may receive 30 USDT as rewards (in order to be qualified for claiming their rewards, the participants must meet the requirement that during the competition, the total number of trading activities conducted by each participant should be greater than 100, and that each participant’s rate of profit should be greater than 20%);

Each of the participants who are ranked No. 21 - No. 100 may receive 10 USDT as rewards (in order to be qualified for claiming their rewards, the participants must meet the requirement that during the competition, the total number of trading activities conducted by each participant should be greater than 50, and that each participant’s rate of profit should be greater than 10%);

Each of the participants who are ranked No. 101 - No. 200 may receive 2 USDT as rewards (in order to be qualified for claiming their rewards, the participants must meet the requirement that during the competition, the total number of trading activities conducted by each participant should be greater than 30, and that each participant’s rate of profit should be greater than 5%).

Note：

1. The competition is only restricted to the mock trading experiences of Hotbit’s 【Perpetual】 section. There is no correlation between any of the real-world trading activities and the mock trading competition. The token types available for trading will be the vBTC transaction pairs of all token types supported by Hotbit’s 【Perpetual】 section. The user’s rate of profits will be calculated according to the vBTC value of all token assets available in the user’s account. The value of the user’s initial assets will be 5 vBTC.
2. During the competition, only relevant trading activities (buy and sell activities) of vBTC transaction pairs mentioned above will be counted as valid trading activities. All trading activities that are not conducted during the competition will not be counted as valid trading activities. During the event, all trial assets are non-transferable and are provided for the purpose of experience only.
3. In order to guarantee the fairness and justice of the event, Hotbit strictly prohibits any cheating activities such as click farming, repeated registration of multiple accounts for the purpose of participating in the event, matched-trading activities under the same IP address etc. (In case that Hotbit detects that any multiple accounts under the same IP address participate in the event, Hotbit will disqualify all accounts involved in such activities from participating in the event). In case that any users are involved in any operations that either violate the rules and regulations of the event or interrupt the normal operation of the event, Hotbit will immediately disqualify any users involved in such activities from claiming their rewards. In extreme cases, Hotbit will suspend or freeze the accounts of any users who are involved in such activities.
4. In case that during the competition, there are two or more eligible users with exactly the same rate of profits or number of trading activities conducted, Hotbit will determine the final rewarded user based on the fact that which user has reached his / her rate of profit first or that which user has reached the number of trading activities first.
5. The rewards of the event will be distributed within 10 business days after the event terminates.
6. Hotbit reserves the final rights on the explanations and interpretations of all rules and regulations of the event.

Thank you for your ongoing support on Hotbit!

Hotbit Team

February 4th, 2021