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MEXC Leaderboard Season 1: 600,000 USDT Prize Pool!

Publisher

February 8, 2024
mexc leaderboard futures trading competition

An addition to MEXC’s list of challenges is the brand-new Future Leaderboard challenge, extending a call to all aspiring future traders who wish to enhance their gains with additional rewards. The MEXC Future Leaderboard is a daily, weekly, and monthly challenge, where your Profit and Loss (PnL) will determine your position on the leaderboard, securing a prize only if you outperform others in this game!

 

Why MEXC for your Leverage Trading?

MEXC is recognized as one of the best exchanges in the crypto space, allowing users to trade with 200x leverage at low fees. It often happens that you have a perfect trade setup, but when you head over to your exchange, you find that the pair is not listed. That’s not the case with MEXC, as it offers over 100+ pairs to trade, allowing you to always complete your trade setup on the platform.

Additionally, MEXC places a strong emphasis on security, ensuring the safeguarding of funds and protection for its users. The platform is dedicated to implementing robust security measures to create a secure trading environment. This commitment contributes to building trust among users, assuring them that their assets are well-protected while engaging in trading activities on MEXC. Simply register at MEXC and start your leverage trading experience right away.

 

Event Details:

Event Dates:

The event is scheduled to start on 16:00, January 31, and conclude on 16:00, February 25 (UTC).

 

Eligibility Criteria:

To be eligible for the MEXC Future Leaderboard, you only need to keep these things in mind:

  • No registration is required to enter the MEXC Future Leaderboard. You just need to create your account and start using their leverage trading feature.
  • Sub-accounts, market maker accounts, and institutional accounts are not allowed to participate.
  • Only trades in USDT-M will be considered. Therefore, only trading USDT-M pairs will make you eligible to be among the leaders on the leaderboard.
  • Winners must achieve ≥ 100,000 USDT for daily ranking, ≥ 500,000 USDT for weekly ranking, and ≥ 1,500,000 USDT for monthly ranking to qualify for sharing the prize pools.
  • Participants must have a positive PNL amount and yield rate, meeting the trading volume requirements, to be eligible for rewards.

 

MEXC Future Leaderboard Rewards:

In the MEXC challenge, users have the opportunity to earn rewards based on Profit and Loss (PnL) and trading volume, with distinct rewards allocated for each category. Let’s explore how traders can secure their share of the prize pool:

 

Daily Challenge:

For the daily challenge in MEXC Future Leaderboards, if you secure a spot, there is a prize pool of 15,000 USDT waiting for you.

PnL Prize Pool:
  • If you earn a spot, a total prize pool of 15,000 USDT awaits you.
  • 50% of the prize pool, equivalent to 7,500 USDT, will be shared among 100 traders with the highest PnL.
  • The top trader in this category will receive 900 USDT.

 

Trade Volume :
  • The remaining 50% of the prize pool, 7,500 USDT, will be shared among the top 100 participants with the highest trading volume for the day.
  • The top trader in this category will also receive 900 USDT.

 

Weekly Challenge:

For the weekly challenge, MEXC has allocated a prize pool of 40,000 USDT to be won every week by top traders. This pool is divided into two parts:

 

PnL Prize Pool:
  • 25% of the total prize pool, which amounts to 10,000 USDT, is allocated for the top 100 participants accumulating the highest Profit and Loss (PnL) for the week.
  • Every week, the top trader in this category will be eligible for a reward of 3,000 USDT.

 

Trade Volume:
  • The remaining 75% of the prize pool, which is 30,000 USDT, is allocated for the top 100 participants with the highest trade volume for the week in the trade volume pool.
  • The top trader in the trade volume category will receive a reward of 9,000 USDT.

 

Monthly Challenge:

MEXC has set up a monthly prize pool of 100,000 USDT for the monthly challenge, which will be awarded to the top traders this month. There are two sections to this pool:

PnL Prize Pool:
  • The top 100 participants with the highest Profit and Loss (PnL) for the month will split a quarter of the total prize pool, or 25,000 USDT.
  • The top trader in this category will receive a reward of 5,000 USDT.

 

Trade Volume:
  • The top 100 traders with the greatest monthly trade volume in the trade volume pool will get the remaining 75% of the prize pool, or 75,000 USDT.
  • The top trader in the category of trade volume will be awarded 15,000 USDT.

 

Bonus Event:

In addition to the leaderboard rewards, participants have the opportunity to earn an individual reward of 20,000 USDT. However, it’s important to note that this individual reward pool is exclusive to those who are leading in both the monthly PnL and Trade Volume leaderboards.

 

MEXC Future Leaderboard Rules:

  • PnL Amount is computed as Realized PNL at the end of the period + Unrealized PnL at the end of the period – Realized PNL at the beginning of the period – Unrealized PnL at the beginning of the period.
  • Yield Rate is determined by dividing the PNL amount by (Net Asset Value at the beginning of the period + Total Deposit during the period) and multiplying the result by 100%. (Total Deposit during the period = Total Inflow at the end of the period – Total Inflow at the beginning of the period + Bonuses claimed during the period)
  • Daily ranking spans from 00:00:00 to 24:00:00 every day.
  • Weekly ranking starts at 00:00:00 every Monday or the opening day of the event and ends at 24:00:00 every Sunday or the closing day of the event.
  • Monthly ranking begins at 00:00:00 on the opening day of the event and concludes at 24:00:00 on the closing day of the event.
  • In the case of a tie in PNL amount, yield rates will be used to determine the final ranking.
  • Only users in the PNL ranking can participate in the trading volume ranking to share the bonus pool.
  • Users who did not trade during the calculation period will be excluded from the statistics.
  • Rewards will be distributed within 3 days after the event concludes.
  • Users holding positions but not conducting trades during the calculation period will be excluded from statistics.

 

Seize the Future: MEXC Futures Leaderboard Season 1

MEXC Futures Leaderboard Season 1 is your ultimate test ground for putting your trading skills to the test in this dynamic and versatile world of cryptocurrencies. With daily, weekly, and monthly challenges, as well as exclusive bonus events, this is your chance to showcase your expertise and climb to the top of the leaderboard to claim rewards!

 

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