Massive Rewards Up For Grabs In The Phemex Olympics Trading Competition
Cryptocurrency exchange Phemex has announced it is hosting an
Olympics competition for traders. The competition will give traders
a chance to earn rewards based on their trading volume and return
on investments (ROI). The competition is scheduled to start at the
end of July on the 30th. Kick-off time has been placed at 8 AM UTC.
The Olympics will run for two weeks until August 13th at 8 AM UTC.
Check the Phemex Olympics website to register and monitor your
progress. Phemex has decided to take a page from the playbook of
the Tokyo Olympics, which was recently kicked off. They’re giving
their own “players” a chance to win prizes in their own sport of
crypto trading. Traders will be ranked according to their trading
volume and speed of achieving a certain ROI. Participants in the
competition only need to sign up for Phemex and meet the
requirements for enrollment. Phemex Olympics Trading Competition
Rewards The Phemex competition is divided into two categories.
Based on which requirements they meet, users can participate in one
or both categories of the Phemex Olympics. These categories include
weightlifting, ranked by highest trading volume at the end of the
event, and sprinting, based on who can reach 500% ROI the fastest.
Weightlifting competitors will be rewarded based on the following
table: Prize/Participants <250 250-500 >500 Rank 1 10,000 USD
12,500 USD 20,000 USD Rank 2 5,000 USD 7,500 USD 10,000 USD Rank 3
3,000 USD 4,000 USD 5,000 USD Rank 4-6 1,000 USD 2,000 USD 3,000
USD Rank 7-10 500 USD 1,000 USD 1,000 USD Total 23,000 USD 34,000
USD 48,000 USD Sprinting competitors will be rewarded based on the
following table: Prize/Participants <1000 1000 1500 2000 2500
>3000 Rank 1 2,000 USD 4,000 USD 6,000 USD 8,000 USD 10,000 USD
20,000 USD Rank 2 1,500 USD 2,000 USD 3,000 USD 4,000 USD 5,000 USD
8,000 USD Rank 3 1,000 USD 1,500 USD 2,000 USD 2,500 USD 3,000 USD
6,000 USD Rank 4-10 500 USD 600 USD 700 USD 800 USD 900 USD 1,500
USD Total 8,000 USD 11,700 USD 15,900 USD 20,100 USD 24,300 USD
44,500 USD Competitors will be subject to different rules and
requirements for each category. For a full list of rules, please
review the official Phemex Olympics announcement. Phemex Terms And
Conditions Calculations for ROI will be done on Individual PNL.
This includes the initial balance on the trading account, the
number of deposits to the account during the competition,
commissions earned for the duration of the competition, and the
bonuses received on the account during the competition. Users can
participate in both categories but are only allowed to use main
accounts. Sub-accounts are not allowed in the competition. Also,
batch account registrations, profits from market manipulation, and
using APIs in the Weightlifting category will result in immediate
disqualification. APIs are only allowed in the Sprinting category.
Rewards will be distributed 15 days after the competition ends.
Amounts of bitcoin awarded to participants are subject to the OTC
settlement exchange rate on the day they are paid out. Phemex
reserves the right to adjust the converted prices and the right to
make final and binding amendments to the rules. Phemex will display
participants’ current trading volume ROI on the Phemex Olympics
landing page. This page will be refreshed every 10 minutes to show
the current progression of each participant.
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