Pionex NOW introduces two trading contests for all users of structured products. Confirm your registration here and participate as an eligible user by investing in Pionex structured products during the promotional period. You have the chance to share in the prize pool and potentially earn a reward of up to 1,000 USDT. JOIN NOW and UNLOCK the GRAND PRIZE!
Event Duration: From August 14th, 2023, 16:00:00 – August 25th, 2023, 16:00:00 (UTC+8)
How to Participate:
- Step 1: Click the “Join Now” button at the top of the event page.
- Step 2: Invest in structured products to earn rewards.
- Total Investment Amount: No less than the equivalent of 1000 USDT
- Total Investment Duration: No less than 3 days. If an order is placed on the same day before 14:00:00 (UTC+8) and expires at 16:00:00 (UTC+8) on the same day, the investment duration will be calculated as 2 hours.
Total Prize Pool: 4,800 USDT
Contents
Competition 1: Participate in Yield Ranking and Win up to 1,000 USDT Prize
During the event period, Pionex will rank the yield of each user’s investment every day. We will update the Top 3 users with the highest yields in the official Telegram communities, Pionex and Pionex Dual Investment Group, after daily settlements. The prize will be distributed based on the final ranking at the end of the event, with users having the potential to win a maximum prize of 1,000 USDT.
Due to varying investment goals, this competition will be divided into two groups based on different profit indicators: Coin-denominated and USDT-denominated. Users can choose one of these indicators to participate in the competition, and once chosen, it cannot be changed.
Reward Details:
| Yield Ranking (Separate Prize for U and Coin Denonimated) | Rewards for Each Participating User (USDT) |
|---|---|
| Top 1 | 1,000 |
| Top 2 | 200 |
| Top 3 | 100 |
| Remaining Participants | Divide 300 USDT equally |
Yield Calculation Rules:
From the start of the event until 16:00:00 (UTC+8), every dual investment and bot order placed by participants will be included in the final yield calculation. The ultimate yield will be calculated using IRR (Internal Rate of Return) and annualized return to ensure fairness, aiming to capture participants’ overall investment returns during the competition period.
Competition 2: Participate in Total Profits Ranking and Win up to 500 USDT Prize
During the event period, Pionex will rank the total yield of their structured product orders of each user. We will update the Top 3 users with the highest total earnings in the official Telegram communities,“Pionex” and “Pionex Dual Investment Group”, after daily settlements. Rewards will be distributed based on the final ranking at the end of the event, with users having the potential to win a maximum bonus of 500 USDT.
Reward Details:
| Yield Ranking During the Event Period | Rewards for Each Participating User (USDT) |
|---|---|
| Top 1 | 500 |
| Top 2 | 200 |
| Top 3 | 100 |
Total Profit Calculation Rules:
Calculate the realized total profit of closed and valid orders from the start of the event until 16:00:00 (UTC+8) daily, by summing up the profits of multiple orders for the same user.
USDT-Denominated Total Profits Measure
Total profits will be in USDT. If the closing profits are in coin-denominated terms, they will be converted into equivalent USDT based on the coin price at the end of the day
Coin-Denominated Total Profits Calculation Rules:
Total profits will be calculated in BTC-denominated terms. In the event of closing with profit denominated in ETH, they will be converted to equivalent amount of BTC based on the ETH/BTC exchange rate on that day.
General Rules of the Competition
Participation Requirement
- Minimum Investment Amount:
- Accumulate eligible investments of at least 1,000 USDT during the event period to qualify for final ranking (reinvested orders will be calculated based on the investment amount * reinvestment times during the event period).
- For the coin-denominated competition, the investment amount will be calculated by converting the invested coin to a USDT-denominated value. Simply accumulate investments equivalent to 1000 USDT in BTC during the event period to qualify.
- Qualified Coin Pairs:
- USDT-Denominated: Any Coin/USDT
- BTC-Denominated:
- For the coin-denominated products, limited to ETH/BTC and BTC/USDT trading pairs, including:
- Flying Wheel Strategy
- Following ETH-BTC High-Frequency Flying Wheel on the Homepage
- ETH-BTC Buy-the-Dip and Covered Gain
- For the coin-denominated products, limited to ETH/BTC and BTC/USDT trading pairs, including:
- For the coin-denominated products, if invested BTC is converted to ETH at settlement, it will be converted into BTC using the daily ETH/BTC exchange rate
- Minimum Investment Duration:
- The effective duration of all your orders for final ranking selection should be no less than 3 days in total. Reinvested orders will be calculated based on the total investment period.
Daily Leaderboard Updates
- Profit Calculation Period: From the start of the event until (every) 16:00:00 (UTC+8) of the current day
- Qualified orders meet the following conditions:
- Dual investment orders must settle no later than 16:00:00 (UTC+8) of the day
- Orders need to be made after enrollment
Overall Leaderboard
- Profit Calculation Period: From the start of the event until 16:00:00 (UTC+8) on 8/25
- Qualified orders must meet all of the following conditions:
- Dual Investment orders must settle no later than 16:00:00 (UTC+8) on 8/25
- Orders made after enrollment are qualified
- The total settlement period of all orders should not be less than 3 days
Yield Rate Calculation Examples:
- A user registers for the competition on 8/14 and chooses to participate in the USDT-denominated yield competition. He invests 28,000 USDT in a BTC/USDT Buy-the-Dip order with a trigger price of 28,000, set to expire on 8/18 with an interest rate of 1%. If the BTC price drops to 27,000 USDT and executes the buy-in on 8/18, the yield would be calculated as: (27,000 * (1 + 1%) – 28,000) / 28,000 = (27,270 – 28,000) / 28,000 = -0.0261 (-2.61%)
- A user registers for the competition on 8/14 and chooses to participate in the coin-denominated yield competition. He invests 1 BTC in BTC/USDT Covered Gain order with a sell-out price of 30,000, and set the expiration date for 8/18 with an interest rate of 1%. If the coin price rises to 31,000 USDT and executes the sell-out on 8/18, the yield would be calculated as:(30,000 * (1 + 1%) – 31,000) / 31,000 = (30,300 – 31,000) / 31,000 = -0.0226 (-2.26%)
- A user registers for the USDT-denominated yield competition on 8/14, invests 1,000 USDT in a Flying Wheel bot. The bot expires on 8/25, and if the USDT is not converted to coins, the yield would be calculated based on the USDT collected at the time of closing relative to the initial 1,000 USDT. If the USDT is converted to coins, the USDT-denominated conversion would be performed based on the coin price.
Other Example:
- The event period is from 8/14 16:00:01 to 8/25 16:00:00 (UTC+8). If a user enrolls on 8/16, then orders opened on 8/15 are NOT included.
- For a user who enrolls on 8/16 at 12:00:00 (UTC+8)and opens a structured product order expiring on 9/1 at 16:00:00 (UTC+8), the daily leaderboard updates during the event period will NOT be counted.
- For a user who enrolls on 8/16 and opens a structured product order expiring on 8/19 at 12:00:00 (UTC+8), only the daily leaderboard updates from 8/19 onwards will be considered, while those from 8/17 to 8/18 will NOT be counted. Because orders with a duration less than the minimum requirement of 3 days will NOT be included in the overall ranking.
Terms and Conditions:
- Only users who successfully enroll by clicking the “Join Now” button are eligible to participate in the event and receive rewards.
- The Yield Challenge and Total Yield Challenge benefits do not conflict with each other. Users can participate in both simultaneously and win rewards.
- All rewards will be distributed to users’ Pionex accounts within 10 working days after the event ends.
- Creating duplicate accounts, false accounts, or engaging in other fraudulent activities is prohibited. Once verified, rewards will not be issued for such behavior. If event rewards are obtained through improper means, we reserve the right to revoke the eligibility for prizes.
- Pionex reserves the final interpretation rights for this event.
Join the Community:
To learn more about this event and Pionex Dual Investment products, join our Telegram communities Pionex and Pionex Dual Investment Group
