AscendEX is thrilled to be rolling out the Futures APEX Trading Challenge. Join the event to win a share of 300,000 USDT worth of rewards.
- Early-Bird Period: Feb. 25, 12 AM UTC – Mar. 4, 12 AM UTC
- Event Period: Mar. 4, 12 AM UTC – Mar. 18, 12 AM UTC
Pre-register to Receive 50 USDT Early-bird Rewards, 50,000 USDT Futures Bonus Up for Grabs
1st – 500th
50 USDT futures bonus
Futures account balance ≥ 10 USDT in a snapshot taken at Mar. 4, 12 AM UTC
501st – 1000th
20 USDT futures bonus
Event 1: Join the Futures APEX Trading Challenge to Share in a 200,000 USDT Prize Pool
AscendEX will rank users (futures volume ≥ 5,000 USDT) based on their ROI and trading volume. Top 20 users will be eligible to share in a 200,000 USDT prize pool. The more participants, the bigger the prize pool will be. Please see below for details:
Individual Challenge by ROI
Team Challenge by Trading Volume
Prize Pool (USDT)
Prize Pool (USDT)
The pooled rewards are distributed proportionally based on users’ trading volume
Please note: There are no limits to the number of team members. The more members on a team, the higher the chances of winning.
Event 2: Receive a 14-day Airdrop Bonus, with Up to 1,600 USDT Rewards for Each User
5-100 USDT daily futures bonuses for each of the top 100 traders at random
Daily airdrop rewards
capped at 1,000 USDT
Prior day rewards
distributed the next day
Net deposit 100 USDT, get 100 USDT bonus free
Net deposit 500 USDT, get $200 USDT bonus free
Rewards capped at 36,000 USDT, first-come-first-served
Futures APEX Trading Challenge Rankings：https://docs.google.com/spreadsheets/d/1SbqRii8_87qbaH_zr8FpGnQ5t-bR6IFHlkimmh9_KCo/edit#gid=0
1.All futures trading pairs available on AscendEX are eligible to be used for the event.
2.Users who maintain a futures trading volume of less than 5,000 USDT will be excluded from the rankings of the event.
3.The net value growth will be calculated based on the 10 USDT at the beginning of the event, if the account is lower than 10 USDT, the net growth rate will be negative.
4.Net futures deposit = Total futures deposit – total futures transfer-outs. Deposit bonuses are distributed using futures bonus credits. Deposit 100 USDT (500 USDT) worth of any token in the futures account to earn 100 USDT (200 USDT) worth of futures bonus credits. Each user is limited to one excess deposit bonus.
5.One trading day is defined from 12 a.m. UTC to 12 a.m. UTC the next day. The rankings will be updated by 1:00 p.m. UTC each business day. The final rankings will be unveiled within 3 days after the event’s conclusion.
6.Event rewards calculation formula:
- Net principal value = Initial futures account balance (unrealized PnL included) + total futures transfer-ins during the event
- Final net worth = futures account balance at the end of the event (unrealized PnL included)
- ROI = (final net worth – net principal value)/ net principal value
- Team trading volume = the sum of team members’ trading volume
- In the Team Challenge, the team lead will earn 30% of the team rewards, while team members will receive a proportional share of the remaining rewards. A team member’s rewards = the team member’s trading volume/the team trading volume* the team rewards
7.Early-bird rewards will be distributed on Mar. 4. The first event rewards will be distributed within 15 days after the event’s conclusion; the second event rewards will be calculated daily and distributed the next day.
8.AscendEX Futures Bonus credits are denominated in USDTR (equivalent to USDT in value) can be used to pay for futures trading/funding fees. Please read HERE for details on the Futures Bonus Credit Terms and Conditions to learn more.
9.Sub-accounts cannot participate as an independent account, but their trading volume will be credited towards their parent accounts.
AscendEX will strictly enforce all the related rules. Any participants found violating AscendEX’s rules, such as the use of duplicate or false accounts, will be removed from the event. AscendEX reserves the final rights to interpret and adjust these Terms and Conditions.
Thank you for your continued support!
The AscendEX Team