FTX x BitUniverse Grid Trading Competition (Spot/Leveraged Tokens)

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What's Grid Trading Bot

Grid trading is a type of trading strategy that profits from the sideways as well as trending market conditions. Grid trading places simultaneous buy and sell orders at certain levels. The goal of this approach is to maximize profits while minimizing risks.

 

BitUniverse

BitUniverse is one of the first trading apps that applies a grid trading bot into the crypto market. (Andriod, IOS)

 

Important Dates

Sign-up date: Join at any time prior to or during the competition period!

Competition period: 8 PM HKT 28th June - 8 PM HKT 12th July

 

How to Set Up

1. Join "Grid Trading Competition", the system will create the competition subaccount for you automatically.

2. Transfer up to 350 USD into the "Grid Trading Competition" subaccount.

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3. Switch to the "Grid Trading Competition" subaccount, then go to the External API Key page to create API Key and API Secret. (Due to security reasons, remember to store your Secret Key somewhere safe. please do not share it with anyone. If you forget the Secret Key, you will need to delete the API then re-create a new one.)

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4. Download the BitUniverse App (IOSAndriodWeb). Supply your API Key and Secret created above link to your BitUniverse account, and make sure to specify "Grid Trading Competition" as the SubAccount name.

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5. Configure and trade using your grid trading bot through the BitUniverse App. Here is a step by step introduction on how to set up your bot.

 

Rules

Approved Trading Markets 

All Spot, Leveraged Tokens, and BVOL Tokens

 

Enter amount

Net deposit <= 350 USD

*Net deposit = Total Deposit - Total Withdrawal

 

Participation Requirements

  • Complete KYC Level 1

  • All trades must be done through the BitUniverse account via FTX "Grid Trading Competition" subaccount API Key.

  • Completed all grid trading requirements below 

    • Trading pairs volume at least 350 USD

    • Complete at least 30 grid trades.

    • Grid trading cumulative running at least 12 hours.

 

Four Prizes

Active Participants Prize

Receive a 10 USD bonus in the FTX account when complete three requirements below

Requirements

  • Net deposit at least 100 USD in FTX account

  • Complete all the “Participation Requirements

  • First 500 qualified users only

 

Referrer Prize

Get 3 FTT for every qualified new referee during the competition period (Max 2000 FTT per referrer)

Requirements

  • During the competition period, the referee’s net deposit at least 100 USD, complete all the “Participation Requirements”, and join the “Grid Trading Competition”.

 

Top Balance Prize

  • 1st Place: 800 USD + FTX HTC Exodus 1 Smartphone
  • 2nd Place: 600 USD
  • 3rd Place: 400 USD
  • 4th-10th Place: 20 FTT each
  • 11th-20th Place: 10 FTT each

Requirements

  • Complete all the “Participation Requirements
  • Rankings are based on the "Grid Trading Competition" subaccount net wallet balance value.

 

Top Volume Prize

  • 1st Place: VIP3 Fee for 30 days + 150 USD Fee Voucher + FTX HTC Exodus 1 Smartphone
  • 2nd Place: VIP2 Fee for 30 days + 150 USD Fee Voucher
  • 3rd Place: VIP1 Fee for 30 days + 100 USD Fee Voucher
  • 4th-10th Place: 20 FTT each

Requirements

  • Complete all the “Participation Requirements
  • Rankings are based on the trading volume within the "Grid Trading Competition" subaccount during the competition period.

 

Conditions

  1. All participants agree to abide by the FTX Terms of Service. Any participants found violating the FTX Terms of Service will be removed from the competition.
  2. BitUniverse will screen the grid trading requirements under Participation Requirements
  3. If a participant qualifies to win an award in multiple categories, he/she will only be awarded in the category that contains the highest value USD prize as determined by FTX.
  4. Bonus awards are lines of credit that can be used as collateral or for fee reductions, but may not be withdrawn. 
  5. Fee Vouchers may only be used for FTX trading fee reductions.
  6. All rewards will be distributed to FTX accounts within 10 days upon the completion of the competition.
  7. FTX reserves the right to amend the Terms and Conditions of this competition without prior notice. 
  8. Multiple entrants from a single trader is strictly prohibited and will result in disqualification.

 

 

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