Every four years, the important event in the crypto market — Bitcoin halving, accompanied by a bullish cycle, triggers fervor. It occurs every 210,000 blocks, reducing the block mining reward by half. This is Bitcoin’s way of combating inflation, ensuring scarcity, and increasing its value over time. The next halving is expected around April 22, 2024, only 12 days away. To embrace this significant crypto event together, Blex.io, a decentralized perpetual contract trading platform based on an index price feed model, has launched the “BTC Halving Trading Contest.” The total prize pool for this contest matches the current mining reward for each block of BTC, which is 6.25 BTC, approximately $430,000 in total.
Event duration: April 13th, 0:00 — April 22nd, 16:00 (UTC）
Event rules:
The event consists of two prize pools: Trading Master and Trading Pioneers. The Trading Master prize pool totals 4.25 BTC, approximately $290,000 in prize money. Winners of the Trading Master category will share this BTC prize pool. The Trading Pioneers pool totals 2 BTC, approximately $140,000 in prize money. High-frequency trading pioneers will share this BTC prize pool. The Blex.io BTC perpetual contract trading competition sets up a leaderboard. Qualified users at the end of the event can share the prize pool.
Requirements for Trading Masters: The opening amount of the participating contract account for Trading Masters must not be less than 10,000 U (leveraged). The criteria for selecting Trading Masters during the competition period are that traders are required to engage in contract trading for no less than 4 days accumulative.
Prize Pool Distribution: (Prize pool distribution is directly proportional to ranking, with higher rankings receiving more prize money)
Top 1 to Top 10 share $100,000.
Top 11 to Top 20 share $80,000.
Top 21 to Top 30 share $50,000.
Top 31 to Top 40 share $40,000.
Top 41 to Top 50 share $20,000.
Trading Pioneers Participation Requirements: The opening amount of the Trading Pioneers contract account must not be less than 500U. The higher the trading frequency during the event, the higher the popularity gained. Participants with a trading frequency ranking within the top 30 can share the prize pool. Trading frequency is related to the frequency of opening positions within 4 days.
Prize Pool Distribution:
Top 10 in trading frequency share $60,000.
Trading frequency ranks 11–20 share $40,000.
Trading frequency ranks 21–30 share $30,000.
Notes:
1.Winners will receive the exclusive limited edition “OG Trader” NFT from BLEX and enjoy exclusive benefits. Specific redemption instructions will be provided separately.
2.Participants can compete in both the Trading Master leaderboard and the Trading Pioneers popularity leaderboard simultaneously. If participating in both, participants must meet the requirements of both categories.
3.BLEX reserves the final interpretation right of the above activities. The activity rewards will be distributed within the second week after the BTC halving.
About BLEX
BLEX is a decentralized perpetual contract exchange based on the index-based price feeding model, aimed at allowing users to deploy various trading strategies without permission, with low costs, high efficiency, and security while having control over their personal assets.
