Dear User,

As 2023 unfolds, MEXC would like to wish everyone a Happy New Year! MEXC invites you to participate in Futures New Year Trading Competition (2023 NYFC) for a chance to win the 100 BTC grand prize together!

Registration Period: 00:00, Jan 6 - 23:55, Jan 16 (UTC)

Competition Period: 06:00, Jan 6 - 23:59, Jan 16 (UTC)

Eligibility:

Users with total futures account equity ≥ 300 USDT at the time of registration will be eligible for the competition. The platform will review the eligibility of registered users before the commencement of competition. If you did not pass the review for participation eligibility, you may register again after adjusting your futures account assets.

Register Now >>

Eligible Trading Pairs: All USDT-margined perpetual futures available on MEXC.

Total Prize Pool:

The total prize pool will increase based on the number of participating users. The more the participants, the higher the prize pool, where the highest prize pool to be unlocked is worth 100 BTC equivalent.

Event 1: Spin the wheel and grab futures bonus worth 40% of total prize pool, first come first served!

For every 20,000 USDT accumulated in daily trading volume, participating users will receive 1 chance to spin the wheel (max. 3 chances every day) and win a share of the futures bonus pool. Bonus amount is randomized, while redemption lasts. Number of chances to spin the wheel resets at 23:59 (UTC+0) every day. Users may continue to trade on the following day to receive chances to spin again.

Event 2: Daily airdrops of new year lucky gifts, share futures bonus worth 15% of total prize pool.

Once the trading competition starts, users with a daily trading volume of 300,000 USDT and above will receive a random new year lucky gift. The lucky gifts will be issued the following day, while redemptions last. Each user may receive the new year lucky gift at most once daily throughout the event period.

Event 3: Earn your spot in major rankings to share the ultimate prize worth 45% of total prize pool

During the event, users who trade USDT-M perpetual futures trading pairs and accumulate a total trading volume ≥ 20,000 USDT will be ranked by their PNL amount and daily trading volume. The prize pool allocation is as follows:

（1）Rank high in PNL amount to share 10% of the total prize pool

*Should two participants produce the same PNL amount, the one with the higher trading volume will be ranked above the other.

（2） Rank high in daily trading volume to share 35% of the total prize pool

During the event, participants ranked Top 200 in daily trading volume will share the prize pool with the allocation below:

For example: Leo's futures trading volume on an event day is 20 million USDT, and he ranked 1st in trading volume on that day. Assuming that the total prize pool unlocked is 100 BTC, and the number of trading days during the event is 11 days, then the event reward he will receive is: Total Prize Pool 100 BTC * 35% / 11 days * 15% *2 = 0.9545 BTC

Reward Redemption Criteria:

1. Event 3 PNL amount requirement: Participants must attain trading volume > 20,000 USDT with positive PNL amount to be eligible to share the prize pool.
2. Event 3 daily trading volume requirement: Participants must attain daily trading volume of > 500,000 USDT to be eligible to share the Daily Trading Volume Ranking prize pool of Event 3.
3. PNL Amount during the event = Realized PNL at the end of the event + Unrealized PNL at the end of the event - Realized PNL at the beginning of the event - Unrealized PNL at the beginning of the event
4. In the event that two participants are ranked equally in PNL Amount Ranking, the user with the higher total trading volume will be ranked above the other.
5. The rewards above can be collected in a stack.

Reward Distribution Rules:

1. Users must fulfill the stated criteria and complete the required steps to redeem their rewards.
2. Only futures trades with trading fee >0 are counted (there is another futures event with 0 maker fee, hence the current event only counts the trading volume of takers).
3. Stay updated with Daily Trading Volume Ranking:
   Telegram: https://t.me/MEXCNA
   Twitter: https://twitter.com/mexc_na
4. Rewards from this event are not to be redeemed in conjunction with other futures event rewards on the MEXC platform. All rewards in this event can be collected in a stack.
5. The Daily Trading Volume Ranking refers to the trading volume ranking at 23:59 (UTC+0) of the day.
6. The rewards for Daily Lucky Draw, New Year Gifts and Daily Trading Volume Ranking will be issued within 48 hours after the draw.
7. The rewards for PNL Amount Ranking will be issued within 10 days after the event concludes.
8. Winners of PNL Amount Ranking must contact @Yui_MEXC or @Derrick_MEXC via Telegram to redeem their rewards.
9. If you have any questions, kindly join the official Telegram group: https://t.me/MEXCNA

Disclaimer:

1. Participants who are found to be involved in fraudulent activities such as volume spamming, market manipulation, operation of multiple accounts, and self-dealing will be disqualified.
2. Participants who are found to be involved in identical trading strategies will be disqualified.
3. Participants who are found to have placed and canceled orders at a high frequency per minute will be disqualified.
4. Once multiple accounts are found to be registered under the same IP address, the users of the involved accounts will be disqualified.
5. Market maker accounts and sub-accounts are not allowed to participate in this event.
6. MEXC reserves the right of final interpretation of the event rules including, but not limited to, the above mentioned information regarding trading, funds, and risks of gang behaviors.

MEXC Team

January 5, 2023