OPEN TO PERSONS 18 YEARS OF AGE OR OLDER ONLY—SEE ELIGIBILITY CRITERIA IN THE GENERAL RULES FOR COMPETITION on Bitfinex.com
VOID WHERE PROHIBITED BY LAW
This Competition Description is meant to be read in conjunction with the General Rules for Competitions on Bitfinex.com.
- Name of the Competition: Global Grid Trading Competition (the “Competition”)
- Description of the Competition: This Competition is subdivided into 3 sub-competitions. Participants do not need to win all 3 sub-competitions to win the below prizes, as each sub-competition and its corresponding prizes are independent.
Sub-Competition #1: New User Prize; Import API and create first grid trading bot
(1) Download BitUniverse: https://www.bituniverse.org, note that you will need to agree to BitUniverse Terms of Use (For Android please download the app via the Android APK; For iOS download via the Testflight Version)
(2) Login on Bitfinex (https://www.bitfinex.com)
(3) Tap your account to create a new sub-account with a new email
(4) Type in your new email, username, password and then select the Trading Competition Account named #BitUniverse Grid Trading
(5) You will then receive an email from Bitfinex, tap「CONFIRM EMAIL ADDRESS」in the email, then your sub-account will be activated
(6) Login on Bitfinex with the sub-account, and tap your account and click API Keys> Create New Key
(7) Create New Key > Turn on「Create and cancel orders」
(8) Label your API and Tap「Generate API Key」then Input Google Authentication Code
(9) You will receive an email from Bitfinex for API creation
(10) Click「CREATE API KEY」in your email from Bitfinex
(11) Your API is done, copy your API Key and Secret Key into the Bituniverse app and don’t expose it to others.
We suggest users who want to participate in this competition to create a subaccount specific for this competition and transfer only the funds to be used for this competition.
How to create your first grid trading bot on BitUniverse
Participants that create the bots have to meet the below conditions to be eligible for sub-competition 1.
Note:
- 12 hours means the duration from opening the bot (more than 12 continuous hours)
- Minimum funds to deploy one single bot is 100 USDt equivalent.
- Who qualifies as a New User: Someone who has never registered an account and created a trading bot with BitUniverse before the competition
Sub-Competition #2: Share your profits in the Telegram Group
During the Competition Period, competition participants who share the profit picture of their bots in the Bitfinex Telegram Group (https://t.me/bitfinex) once everyday for 5 consecutive days will be eligible for the prize.
To get your bot profit picture:
Tap the「SHARE」button in the lower right corner of your running bot > You can save the picture or directly share it to the Telegram group.
Sub-Competition #3: Trading Volume Prize
Competition participants are eligible to share in a prize pool (described below) based upon their trading volumes in the below pairs
on Bitfinex (“Trading Volumes”) during the Competition Period, as set out in this Competition Description.
Trading Volume is equal to aggregated trading volume on user’s registered BitUniverse accounts. BitUniverse calculates trading volume through a participant’s imported Bitfinex API. There will be a live feed of users ranking shown on BitUniverse’s App (updated once per hour).
- Competition Period: 21/01/21 11:00:00 AM UTC until 21/02/21 11:00:00 AM UTC
- Competition Prizes:
Sub-Competition #1: All eligible participants who import their Bitfinex API into the BitUniverse App and create their first Grid Trading Bot on BitUniverse will earn 50 Tether Tokens (USDt).
Sub-Competition #2: All participants that share their profits in the Bitfinex Telegram Group for 5 consecutive days will earn 5 USDt.
Sub-Competition #3: During the Competition Period, eligible participants can share in the following prizes, based upon aggregate valid Trading Volume during the Competition Period:
- The top 100 traders by Trading Volume will share a prize of 35,000 USDt
- 1st - 2,500 USDt
- 2nd - 2,000 USDt
- 3rd - 1,500 USDt
- 4th - 10th - 800 USDt
- 11th - 50th - 335 USDt
- 51st - 100th - 200 USDt
Trading Volume is equal to aggregated trading volume on users registered BitUniverse accounts. BitUniverse calculates trading volume through a participant’s imported Bitfinex API. There will be a live feed of users ranking shown on BitUniverse’s App (updated once per hour).
- The top 100 traders by Trading Volume will share a prize of 35,000 USDt
- Eligibility: This Competition is open to all eligible users who have completed at least the intermediate verification process on their account by 11:59:59 PM UTC on 7th March 2021.
In addition to the conditions set out in the General Rules for Competition, you must sign up here to be eligible to enter into this Competition.
One prize per sub-competition. If the API is created by a sub-account holder who is different from the master-account holder, the prize will be awarded to the master-account holder.
Sub-competition prizes are independent from each other, participants who join can choose to participate in only one sub-competition or more (i.e 2 sub competitions as well).
- Prohibited Use: Trading between two accounts owned or controlled by the same person is not permitted. This applies to sub-competitions 1,2 and 3.