MEXC World Cup 2022 Futures Trading Competition (2022 WCFC) with 100 BTC Total Prize Pool and Daily Issued Rewards!
World Cup 2022 is in full swing!Let's cheer the games on together with MEXC, join 2022 WCFC and win the 100 BTC grand prize!
Event Timeline
Registration period: 00:00, Nov 25 - 23:55, Dec 18 (UTC) (24 days)
Competition period: 00:00, Dec 1 - 24:00, Dec 18 (UTC) (18 days)
Eligibility
Users with total futures account equity ≥ 300 USDT at the time of registration will be eligible for the competition. The platform will review the eligibility of registered users before the commencement of competition.
Eligible Trading Pairs All USDT-margined perpetual futures available on MEXC.
Event Prize Pool Allocation
Event 1: 70% of total prize pool
Event 2: 30% of total prize pool
Event 3: Spin the wheel and win 100,000 USDT futures bonus daily. 100% winning rate, first come first served!
The total prize pool will be gradually unlocked as the number of participants increases:
| No. of Participants | Total Prize Pool Size |
| >0 | 10 BTC |
| >20,000 | 20 BTC |
| >30,000 | 30 BTC |
| >40,000 | 50 BTC |
| >50,000 | 100 BTC |
Event 1:Trade USDT-margined perpetual futures and share up to 100 BTC prize pool
Event rules: During the event, users who trade USDT-margined perpetual futures pairs and accumulate a total trading volume ≥ 10,000 USDT will be ranked separately based on their PNL amount, PNL rate and daily trading volume. Users ranked top will share the prize pool according to the allocation below:
PNL rate prize pool: 50% of event prize pool, 35% of total prize pool;
PNL amount prize pool: 50% of event prize pool, 35% of total prize pool.
（1）Top 20 in PNL rate:
| Rank | Share of Prize Pool |
| 1 | 30% of the PNL rate prize pool |
| 2 | 20% of the PNL rate prize pool |
| 3 | 10% of the PNL rate prize pool |
| 4-10 | Share 25% of the PNL rate prize pool based on their respective trading volume (bonus per user will be capped at 10%). |
| 11-20 | Share 15% of the PNL rate prize pool based on their respective trading volume (bonus per user will be capped at 10%). |
*Should two participants produce the same PNL rate, the one with the higher trading volume will be ranked higher than the other.
（2）Top 20 in PNL amount:
| Rank | Share of Prize Pool |
| 1 | 30% of the PNL amount prize pool |
| 2 | 20% of the PNL amount prize pool |
| 3 | 10% of the PNL amount prize pool |
| 4-10 | Share 25% of PNL amount prize pool based on their respective PNL amount (bonus per user will be capped at 10%). |
| 11-20 | Share 15% of the PNL amount prize pool based on their respective PNL amount (bonus per user will be capped at 10%). |
*Should two participants produce the same PNL amount, the one with the higher trading volume will be ranked higher than the other.
Event 2:Top 100 users in daily trading volume to share at least 13,500 USDT
1) Method 1: During the event, participants ranked Top 100 in daily trading volume will share 13,500 USDT daily with the allocation below:
| Rank | Reward / User / USDT | Requirements |
| 1 | 1,500 (Reward doubles to 3,000 when the trading amount reaches 5,000,000) |
Daily futures trading volume must be greater than 3,000,000 USDT |
| 2 | 1,000 | |
| 3 | 700 | |
| 4-10 | 500 | |
| 11-20 | 300 | Daily futures trading volume must be greater than 1,000,000 USDT |
| 21-30 | 150 | |
| 31-40 | 70 | |
| 41-50 | 35 | |
| 51-100 | 25 |
2) Method 2: Top 100 in daily trading volume will share 30% of the total prize pool of Event 1
| Rank | Share of Prize Pool |
| 1-3 | Share 35% of trading amount prize pool based on respective trading volume |
| 4-10 | Share 25% of trading amount prize pool based on respective trading volume |
| 11-20 | Share 15% of trading amount prize pool based on respective trading volume |
| 21-30 | Share 10% of trading amount prize pool based on respective trading volume |
| 31-40 | Share 7% of trading amount prize pool based on respective trading volume |
| 41-50 | Share 5% of trading amount prize pool based on respective trading volume |
| 51-100 | Share 3% of trading amount prize pool based on respective trading volume |
*When the number of participants > 20,000, if the daily trading volume prize pool ≤ 13,500 USDT, the rewards will be issued based on Method 1; if the daily trading volume prize pool > 13,500 USDT, the rewards will be issued based on Method 2. (Calculation will be based on the BTC closing price on the last day of event.)
*When the rewards are issued based on Method 2, the rules are as follows: Event 2 daily prize pool = Total prize pool * 0.3 / Event duration (days); for example: if the number of participants is 20,001, and the event duration is 10 days, Event 2 daily prize pool = 20 BTC * 0.3 / 10 = 0.6 BTC
*Participants must attain daily trading volume of at least 1,000,000 USDT to be eligible to share the trading volume prize pool
*Daily futures trading volume ranking refers to the trading volume ranking at 24:00 (UTC) of the day. The rewards shall be issued within 48 hours after the end of the day.
Event 3:Spin the wheel and win 100,000 USDT futures bonus daily. 100% winning rate, first come first served!
Participating users who attain a daily trading volume of 50,000 USDT will receive 1 chance to spin the wheel (max. 1 chance every day) and share 100,000 USDT futures bonus. Bonus amount is randomized, while redemption lasts. (Number of chances to spin the wheel resets at 00:00 (UTC) every day.)
Reward Redemption Criteria:
1. Minimum requirement on trading volume: Participants must attain trading volume above 50,000 USDT with positive PNL rate and PNL amount, to be eligible to share the prize pool.
2. Participants of Event 2 must attain daily trading volume above 1,000,000 USDT to be eligible for share the prize pool of Event 2.
3. In the event that two participants are ranked equally in PNL rate (PNL amount) ranking, the user with the higher total trading volume will be given priority in the ranking.
4. The rewards mentioned above are stackable.
5. Only futures trades with handling fee >0 are counted.
*PNL Rate Calculation (formula explanation)
① PNL Rate = PNL Amount during the period / (Net Asset Value at the beginning of the period + total deposit during the period)
② PNL during the period = Realized PNL at the end of the period + Unrealized PNL at the end of the period - Realized PNL at the beginning of the period - Unrealized PNL at the beginning of the period
③ Total Deposit during the period = Total inbound transaction amount at the end of the period - Total inbound transaction amount at the beginning of the period + Bonuses redeemed during the period
Reward Distribution Rules
1. Users must fulfill the stated criteria and complete the required steps to redeem their rewards.
2. Stay updated with the Daily Trading Volume ranking:
Telegram: https://t.me/MEXCNA
Twitter: https://twitter.com/mexc_na
3. Rewards from this event are not to be redeemed in conjunction with other Futures event rewards on the MEXC platform.
4. The daily trading volume ranking refers to the trading volume ranking at 24:00 (UTC) of the day.Only futures trades with handling fee >0 are counted.
5. The rewards for Event 2 and the Lucky Spin futures bonus reward will be issued in 48 hours after the draw.
6. The rewards for Event 1 will be issued within 10 days after the event conclusion.
7. Winners of Event 1 and 2 must contact @Yui_MEXC or @Derrick_MEXC via Telegram to redeem their rewards.
If you have any questions, kindly join the official Telegram group: https://t.me/MEXCNA
Disclaimer
1. Participants who are found to be involved in fraudulent activities such as wash trading, market manipulation, operation of multiple accounts, and self-dealing will be disqualified.
2. Participants who are found to be involved in identical trading strategies will be disqualified.
3. Participants who are found to have placed and canceled orders at a high frequency per minute will be disqualified.
4. Once multiple accounts are found to be registered under the same IP address, the users of the involved accounts will be disqualified.
5. Market maker accounts and sub accounts are not allowed to participate in this event.
6. MEXC reserves the right of final interpretation of the event rules including, but not limited to, the above mentioned information regarding trading, funds, and risks of gang behaviors.
MEXC Team
Nov 25, 2022