Enjoy the Ultimate Trading Competition with a $2 Million Reward Supply

Today cryptocurrencies are an actual source of passive income and a reasonable investment opportunity. People choose different crypto activities with a primary scope - investing and earning. From this various list of crypto investing opportunities, trading competitions are often selected. 

A trading competition is as exciting as it sounds and is open to anyone interested in recreational trading. There are many advantages of joining one, and they can be a very lucrative business because of the high volatility.

There can be different kinds of trading competitions on the market, with different durations. Some will run for 30 minutes or hours, or some will run for multiple days or longer. Before evolving, it is essential to know that you want to participate and which financial service providers you choose for the competitions. 

Many financial services providers organize trading contests with rewards for their community in the crypto area. It depends if you are already loyal to one or want to experiment with something new.

Phemex, one of the most efficient crypto trading platforms, hosts frequent trading competitions to give back to the whole crypto community for investing and getting involved. This time, Phemex is bringing a new Trading Rebate Rewards competition to all users. If you want to join a significant trading competition with a massive prize pool and claim your slice of a whopping $2 million reward supply, you are invited to join the event.

What is Trading Rebate Rewards by Phemex?

Trading Rebate Rewards is a big trading competition organized by Phemex with a $2 million prize pool. If you want to participate, keep in mind that the competition will run for four weeks.

If you want to join, you may register ahead of time to participate in the weekly missions, which you can accomplish to double, triple, or even 5X your potential rewards in this trading competition.

After registering, you can increase your share of the final bonus. So, you will not just have a regular participation experience if you trade any of Phemex's supported contract pairs after registering.

How can you participate?

To get started, you'll need to sign up for Phemex and create an account if you don't already have one. After registration, go to the event page to enter the competition. Engage in contract trading during the competition time to raise your Personal Score and accumulate more rewards. Your final rewards will be based on all contract trading pairs supported on Phemex at the start of the competition period.

The competition will last four weeks in total. Each week, a new mission will be available for you to complete in order to boost your final rewards. Missions can be completed at any time throughout the competition and are listed on the event website. They don't have to be completed the same week they're made public.

Following the end of the competition time, each participant will receive a share of a total prize pool of $2 million depending on their contract trading activity and missions accomplished.

About the prizes

You will receive a larger share of the total $2 million prize pool if you have more contracts trading and open contract positions during the competition period. All rewards will be sent in USDT to the user's Phemex spot wallet once the Trading Rebate Rewards have ended.

Although, Phemex prepared for each eligible participant a personal reward based on the following formula:

Personal Reward = Total Prize Pool X

(Personal Score / Total Score of all users)

And each eligible participant’s Personal Score is calculated based on the following:

Personal Score = (Fees Paid)0.7 * (Average Open Interest)0.3 * Mission Multiplier

When will it all take place?

The registration period will be between March 17 and March 24, 2022.  During this time, the event is not officially underway, but users can join by accessing the event page.

The competition will take place from March 24 to April 21, 2022. Weekly tasks will be available throughout the competition, and contract trading will count toward your Personal Score. Users can join at any point throughout this period, even if the competition has already begun.

The winners will be announced on April 26, 2022, and the rewards will be distributed starting on May 3, 2022.

Meet Phemex

Phemex is a financial services provider founded on the ideals of honesty, integrity, and trustworthiness. Led by eight former Morgan Stanley executives, Phemex seeks to create the most trustworthy cryptocurrency derivatives trading platform in the world.

Phemex was one of the first platforms to charge customers a small membership fee, allowing them to provide zero-fee spot trading. Phemex soon became the preferred exchange platform for many crypto traders thanks to their strong focus on security and good customer service.

As they continue to grow with their community, they put their clients first and never compromise or quit their solid commitment to providing the greatest level of quality products and services.

Connect for more

If you're interested in participating in trading competitions, Phemex is a great place to start, primarily because they organize these events regularly and have a positive reputation among their community.

Increase your experience, build your confidence, and gain new skills by joining the ultimate trading competition by Phemex. Winning this kind of competition may result in a substantial prize as well as the amazing sensation of being at the top of your game when everyone is giving it their best.

More details on each component of the prize pools formulas of the Trading Rebate Rewards can be found in the Terms and Conditions section of the Trading Rebate Rewards announcement page or the official Phemex website.

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