Total Prize Pool Valuation: $500,000 USD
Competition Telegram channel: https://t.me/FTX_Competitions_Official
- Sign-up date: Join at any time prior to or during the competition period!
- Competition period: Nov 11, 2020 08:00pm - Dec 25, 2020 08:00am (UTC +8)
Raw $PnL Prizes
Top prize: A share of BRK.A (Berkshire Hathaway) (~$343,000)
2nd prize: A Tesla Model S or equivalent value of TSLA equity on FTX ($69,420)
3rd - 10th prize: iPhone 12 or equivalent value of AAPL equity on FTX ($1,200)
$PnL Per Stock Prizes
Highest $PnL for a stock and its future: the highest-ranking user by PNL on each tokenized stock product will receive US$1,000
Lucky Draw Prizes
Lucky Draw Prize 1: 5 shares of BYND (Beyond Meat) equity on FTX ($~700), total 20 winners.
*randomly chosen amongst the top 200 users by raw PnL
Lucky Draw Prize 2: FTX Ledger Nano X wallet ($150), total 50 winners.
*randomly chosen amongst all users who trade a minimum of $100 volume in tokenized stocks
Influencers’ prize: iPhone 12 or equivalent value of AAPL equity on FTX ($1,200)
*The top 20 influencers with the most referred equities trading volume during the event period. Self-referrals' trading volume will not be included in this. It is completely up to FTX's discretion what constitutes a self referral.
Competition Terms and Conditions
Brokerage services with respect to any tokenized stock on ftx.com are provided by CM-Equity AG, Germany (“CM-E”). TOKENIZED STOCK IS NOT OFFERED WITHIN THE UNITED STATES OR PROHIBITED JURISDICTIONS. FTX Trading GmbH, a subsidiary of FTX, is a tied agent to CM-E and acts within the context of the investment brokerage exclusively under the liability and on behalf of CM-E.
- Traders will be ranked by their Raw PNL: all fills in tokenized stock markets (spot and futures) marked to market at the end of the competition.
- There is no competition subaccount and/or leaderboard. Users may trade on any subaccount. Both Raw PnL and trading volume will be summed up across all subaccounts.
- All users have to complete FTX KYC Level 2 and CM-Equity KYC.
- Users can join any time during the event period.
- The prizes will be distributed to the eligible participants within 15 days after the conclusion of the event.
- Each participant is only eligible to receive 1 prize. Prize cannot be duplicated.
- FTX has the right to decide if the prize will be paid in the physical product or digital asset with an equivalent dollar amount based on the winner’s geographical location and other factors. The equivalent dollar amount is set forth above next to the applicable prize. Stock prizes may be settled to your FTX tokenized stock account or paid in equivalent dollar amount based on closing price on the dat of award.
- FTX will not be responsible for any physical product purchase taxes, documentation costs, delivery costs, and other costs associated with delivering the physical prizes to winners.
- All participating users must strictly abide by the FTX terms of service.
- FTX may immediately cancel users’ eligibility to participate in the event if it finds any violations of the terms of service or other destructive behavior.
- FTX reserves the right to modify the terms of this event without notifying users in advance.
- With respect to the Lucky Draw Prizes, the odds of being selected as a potential prize winner are dependent upon the number of eligible users who are participants.
- FTX will cancel the eligibility for non-compliant users to participate in activities and may stop the use of any associated FTX accounts.
- Any behavior that FTX suspects to be similar to wash trading or other potentially manipulative activities can be grounds for disqualification from the competition and any prizes.
- If you are a winner, FTX may post your account ID.
- By entering the promotion, you agree to release and to hold FTX and its subsidiaries, affiliates, partners, associates and/or related companies and agents and each of their employees, directors, officers, suppliers, agents, sponsors, administrators, licensees, representatives, advertising and promotional agencies harmless from any and all liability for any injuries, loss or damage of any kind to the entrant or any other person, including personal injury, death, or property damage, resulting in whole or in part, directly or indirectly, from acceptance, possession, use or misuse of any prize, participation in the competition, any breach of the rules, or in any prize-related activity.
- FTX reserves the right of final interpretation of this event. Any judgements made by FTX are final, do not need any justification, and cannot be disputed. Any sustained attempts to dispute the interpretation may result in permanent account closure. Void where prohibited.