Exchange of derivatives The King’s Cup Global Invitational has begun, according to Bitget (KCGI).
The contest offers a prize pool of 100 BTC and 500 million BGB, as well as additional custom-made prizes, according to the statement. The competition will run from 10:00 a.m. on October 30 to 10:00 a.m. on November 20 (UTC+8), and registration will be open from October 20 to November 4 (UTC+8).
It is said to be a yearly event for the world’s top traders, organized on the principles of unity, fairness, and competition. “The goal of this competition is to provide a level playing field for trade enthusiasts. The competition regulations are simple to understand. “Any trader is welcome to play this game,” Sandra, Bitget’s CEO, explains.
There will be a Team Battle and an Individual Competition, each with a reward pool of 50 BTC, for a total prize pool of 100 BTC.
The award for either Team Battle or Territory Battle will be determined by the number of teams participating.
10 BTC will be granted to the first 100 teams. Teams in the 101-300 range will receive 20 BTC, while those in the 301-500 range will receive 30 BTC. A total of 50 BTC will be made available to teams with 500 or more members. If there are more than 30 team members, a captain can organize a team to enter the war.
During the registration period, eligible users can vote for their favorite captain in order to win prizes by trading futures.
The whole prize pool will be split among the top ten teams. The captain of each team has the opportunity to win 10% of the total prize pool. The remaining prize will be split among the remaining players based on their profit percentage.
The first place winner will earn 30%, the second place winner will receive 20%, the third place winner will receive 10%, and the fourth through tenth places will share the remaining 30% based on their profit percentage. The top seven team captains in terms of revenue are eligible for a personalized NFT.
The top three profit providers in each squad can receive a PS5 game console if they are ranked in the Top 3 by trading profits.
Individual competition is split into two sessions: Super Leaders (ranked by PNL percentage) and Super Heroes (ranked by profits).
Each participant will receive 50 BTC from the overall prize pool, which will be distributed according to the number of participants. 10,000 people will receive 5 bitcoins, 10,000-20,000 people will receive 10 bitcoins, 20,000-30,000 people will receive 20 bitcoins, and 30,000+ people will receive 50 bitcoins.
The top 10 teams/participants with the highest PNL percentage and profits will split the total prize fund. Each session, the top one percent can take home 40%, the second place 20%, the third place 10%, and the fourth through tenth places 30%, based on their trading volume or earnings.
DJI drones or HHKB keyboards are among the prizes available to the top three traders. Users who compete in the Team Battle are also eligible to compete in the Individual Competition and share the prize.
Additional events, such as City Assembly, Lords Assembly, Airdrop for All, Lucky Lottery, Post-Competition Bonus, and Early Bird Benefits, are being held to attract more regular and new users, with a total prize pool of 5 million BGB up for grabs.
Everyone who enters has a chance to win amazing electronic devices and NFTs with the competition’s logo on them.
City Assembly: On a first-come, first-served basis, the division with the most winning seats in Territory Battle will get an airdrop of 50BGB for all players inside the division. There are 500,000 BGB available in total for the airdrop. Lords
Assembly: If the team’s Lords (Captains) can recruit active users, they will gain access to the BGB prize pool. The award pool for the Top1 team will be boosted by double.
The Top10 captains in each division in terms of new user acquisition will receive a special rewards package from Bitget and will be “signed” as co-ambassadors for the next trading tournament.
By following our official Twitter and joining our Telegram, participants who accomplish 50,000 USDT in total trading volume during the competition will earn a 99 BGB airdrop. The airdrop is limited to 1 million BGB in total.
Completing tasks will give users points. Participants will be entered into the “Lucky Lottery” for a chance to win prizes such as meebits NFT, HTC-VIVE VR glasses, DJI drones, PS5 game consoles, and HHKB keyboards for every three points they acquire.
Participants with a net deposit of 2000 USDT and a cumulative trading volume of no less than 500,000 USDT during the competition will be given one opportunity to win a special NFT custom-made for Bitget’s first trading competition at the conclusion of the competition. Bitget has also developed Early Bird Benefits for its customers.
Individuals who sign up 5 days before the competition and finish their team formation will earn 20 USDT trial money for futures, while captains who sign up and complete their team formation 5 days before the tournament will receive 50 USDT trial funds for futures.
Theme for KCGI-2021: Fight Pixel Intrusion
“Defend the Earth from Pixel Invasion” is the theme for KCGI 2021. It tells the tale of how a quantum society six light-years distant wants to assault Earth with a sophisticated weapon capable of rapidly converting entities into pixels.
To safeguard the Earth, seven young individuals from various countries assemble the most powerful war team, each mastering one of the seven main elemental abilities: silicon, gold, earth, wind, water, fire, and thunder.
Bitget utilized it as a backdrop for a series of NFT artworks depicting the story’s various energy and objects. Captains and lucky users who performed well in the Team Battle will receive goodies from the collections.
Bitget Facts
With 1.6 million registered members throughout the world and an average daily trading volume of $5.6 billion, Bitget is one of the fastest-growing derivatives exchanges.
Bitget is dedicated to providing liberal, ultimate, and fair trading services, including as futures trading, spot trading, and digital asset purchase, as part of its purpose of “Better Trading, Better Life.”
Bitget has pioneered the development of three flagship products to deliver the greatest services to users: USDT-Margined Futures, One-Click Copy Trade, and Quanto Swap Futures. It is presently the world’s largest crypto asset copy trading platform and the world’s sixth largest derivatives exchange.
