KCGI 2023 concluded successfully

Details

The futures trading competition includes both team and individual competitions, and users can participate in both. Eligible products include USDT-M Futures and Coin-M Futures.

Users will compete in teams, with the total PnL of the top 10 team members counted as the team PnL. The top 10 teams by PnL will grab a share of the prize pool based on their PnL.

Registration requirements

1. Both captains and team members must have a minimum net value of 300 USDT in futures assets at the time of registration.
2. Each team must have at least ten members (including the captain).
3. The formation of teams will be stopped 24 hours before the start of the competition, and teams with less than ten members will be disbanded. If the captain or members of a disbanded team do not join another team before the end of registration, they will be randomly assigned to another team.
4. Users can only join one team and cannot leave the team after joining.
5. Sub-accounts will not be considered separate accounts for the competition. The trading volume of sub-accounts will not be included in the main account's total trading volume.
6. Market maker accounts are not eligible to participate in the competition.
7. Accounts that have engaged in API trading in the past are not eligible to participate in the competition.
8. Accounts that engage in API trading during the competition will be disqualified.
9. This trading competition is only open to eligible users, and in accordance with legal and regulatory requirements, the competition may not be available to certain regions or users. It is the user's responsibility to understand and comply with any restrictions and/or requirements in their country/region regarding access to and use of Bitget trading services.

Public and private teams

1. The captain can set the team to be public or private.
2. Public teams are open to the public, meaning anyone can join.
3. Private teams are not open to the public, meaning only users with an exclusive private key can join.

Prize distribution

1. Rewards will be unlocked based on the number of participating teams.
   0–200 participating teams unlocks a 100,000 USDT prize pool.
   201–400 participating teams unlocks a 200,000 USDT prize pool.
   401–600 participating teams unlocks a 400,000 USDT prize pool.
   601–800 participating teams unlocks a 600,000 USDT prize pool.
   801–1000 participating teams unlocks a 1,000,000 USDT prize pool.
   >1000 participating teams unlocks a 2,000,000 USDT prize pool.
2. The team's overall PnL is determined by calculating the total PnL of its top ten members. The top ten teams with the highest overall PnL will be eligible to share the prize pool.
3. Team rewards = (team's PnL ÷ total PnL of the top ten teams) × team competition prize pool.
4. A team can stand to win up to 50% of the total prize pool.
5. In a team, the captain will get 10% of the rewards, and the rest will be distributed according to each member's (including the captain's) PnL rankings.
   1st place: 30% of the team's reward.
   2nd place: 20% of the team's reward.
   3rd place: 10% of the team's reward.
   4th–10th place: Grab a share of 30% of the team's reward based on their PnL ratio (up to 10% per user).

Winning requirements

1. Captains or team members with an individual futures trading volume of 30,000 USDT and a positive PnL during the competition will be eligible for rewards.
2. Accounts with copy trades or elite trades during the competition will be disqualified.
3. If multiple users have the same PnL, the user with the higher trading volume will be ranked higher.
4. PnL = (account final net value (including unrealized PnL) – initial net value (including unrealized PnL) + futures asset withdrawals – futures asset deposits)) + transfers from opening bot positions – transfers from closing bot positions.