Build your team and join the FTX PAX Gold Team Trading Competition!
Important Dates
Sign-up date: Join at any time prior to or during the competition period. Sign-up now!
Competition period: 12:00:00 PM on 27 January 2020 UTC+8 (Monday) to 11:59:59 AM on 10 February 2020 UTC+8 (Monday).
THIS COMPETITION IS NOW OVER***
Rules
- Join the Competition
- Form a Team
- Transfer Funds into the “PAXG competition” Subaccount
- Trade on Approved Markets
NOTE: Users can only trade on this sub-account after the commencement of the competition at 12:00:00 PM, January 27, 2020.
Competition Period
Starting Time: 12:00:00 PM, January 27, 2020 UTC+8
Ending Time: 11:59:59 AM, February 10, 2020 UTC+8
Entry Requirement
The maximum deposit amount is $300. There is no minimum deposit amount. Users can only transfer USD into the competition subaccount.
Scoring
Teams and Individuals are ranked by their “PAXG competition” sub-account value (in USD) at the end of the competition. Teams will be ranked based on the sum of all team members’ balances at the end of the competition.
Teams are ranked by the sum of all team members “PAXG Competition” sub-account wallet balance. Individuals are ranked by the “PAXG Competition” sub-account wallet balance by the end of the competition.
Approved Trading Markets
- PAXG Futures, Perpetual and Spot
Team Formation
- Users can either create or join a team before the first trade under the “PAXG competition” subaccount. If a trade has been made before creating or joining a team , he will no longer be able to join any team nor eligible for the team prizes.
- The user who creates a team is the “Team Leader”.
- Only Team Leader can invite other users to join the team by adding their “Contestant ID” on the contest page. Team leader has to login the PAXG Competition sub-account to see the contest page.
- Team members are allowed to leave the team at any time before, during, or after the competition.. Note: Once the member leaves the team he can not create or rejoin a new team, he will only be eligible to compete for the individual prizes.
- Teams can have up to 3 members.
Deposit/Withdraw
- Users can only deposit up to 300 USD during the competition weeksUsers can only withdraw USD from the competition sub-account during the competition weeks.
- Upon the conclusion of the competition, any coin may be withdrawn from the competition sub-account.
Prizes
Top Balance Team Prizes (Each Team Member)
- 1st Place: 250 FTT + Gold-plating coin
- 2nd Place: 150 FTT + Silver-plating coin
- 3rd Place: 100 FTT
- 4th Place: Luxury swag pack
- 5th Place: Swag pack
Top Volume Team Prizes (Evenly Distributed Amongst Team Member):
- 1st Place: 35% commission rebate reward to the total commission paid by the 1st volume team during the PAXG Competition
- 2nd Place: 25% commission rebate reward to the total commission paid by the 2nd volume team during the PAXG Competition
- 3rd Place: 25% commission rebate reward to the total commission paid by the 2nd volume team during the PAXG Competition
*Note: Rewards will be paid out in FTT.
Highest Balance Individual Prize (MVP)
- 1st Place: 250 FTT + Gold-plating coin
*Rewards will be distributed within five days after the end of the competition. FTX reserves the right to disqualify accounts and teams at its own discretion.
Online seminar
We are going to invite 3 traders from the world to provide Gold strategies analysis!
Competition Q & A
- Can I create/join a team once the competition has started?
Yes, you can only create or join a team when you have not made any trade under the competition subaccount. Once a trade has been made and you are not belong to any team, you can only compete for the Top Balance prize or MVP
- During the Competition, may I further increase the funds or the deposits?
Yes, you will be able to deposit more funds into the competition sub-account but the total net deposits (deposits less withdrawals) shall not exceed $300 USD.
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