OKX, a global Web3 technology company and crypto exchange, has launched its most ambitious trading competition to date, featuring a prize pool exceeding 2 million USDT and a Tesla Model 3. The competition, part of the company’s “Trade Like a Pro” campaign, is set to commence on September 20 and will focus on trading USDT perpetual contracts.
Team-Based Competition with Eligibility Criteria
The competition is designed to foster community engagement and will be conducted in a team-based format. OKX affiliates who have completed their KYC process can apply to become team leaders. To qualify as a team member, users must hold at least 100 USDT in assets. The first 200 qualified participants to register will receive a 10 USDT contract voucher.
Registration for team members is open from September 8 to October 3, while team leaders can register until September 20. The competition itself will run from September 20 to October 3.
Unlockable Prizes for Mass Participation
Should the competition attract more than 25,000 qualified participants, additional prizes such as an Apple Watch S8s, Airpods Pros, and iPhone 15 Pros will be made available, alongside the Tesla Model 3.
Prize Distribution Details
Upon the competition’s conclusion, a prize pool of up to 1.5 million USDT will be distributed among the top 20 teams based on their profit and loss percentage (PnL%). An additional 500,000 USDT will be awarded to the top 15 individual traders, also based on PnL%. The team leader who amasses the highest number of team members will receive up to 16,000 USDT.
Strategic Move in OKX’s Brand Campaign
Haider Rafique, OKX Global Chief Marketing Officer, stated, “This trading competition is a planned next step to our latest ‘Trade Like a Pro’ campaign. Our goal is ultimately to have the best traders on our platform. This competition brings the best talent together in the OKX trading grounds.”
The “Trade Like a Pro” campaign was initially launched on August 14 and features real users sharing their experiences with OKX products in 45- and 15-second video spots.
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This article was originally reported on Blockchain News.