Long VS Short Competition Enters with a Bang! Five Great Prizes & $200,000 up for Grab!

Announcements Long VS Short Competition Enters with a Bang! Five Great Prizes & $200,000 up for Grab!

2024-04-22 10:08:30 UTC 112871 Read

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Due to the recent black swan event, many investors have suffered significant losses. Some investors think that the low point of the bull market has arrived and choose to go short and sell out at a high price. Others think that the bull market is still on the way and are optimistic about the market, so they choose to go long and buy at the bottom. Therefore, the Bots will hold a "long vs short competition." The winning team will share $60,000, and the losing team will receive a "Reverse Indicator" prize. Both teams can receive more rewards based on trading volume, new users, and investment amounts. There will be five great prizes in total, with a total prize pool of up to $200,000! Get involved and discover more surprises!

**Duration**
April 22, 2024 - May 6, 2024

<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/questionnaire/4410"target="_blank"style="text-decoration: none;display: inline-block;"><div align="center"style="background: #2354E6; padding: 16px; border-radius: 8px; width: 200px; margin: 0 auto;"><strong><span style="color:#fff; text-decoration: none;">Register Now</span></strong></div></a></div>

## Pre-Race Guide, Get it!

What is your view on the current market?

Long Team: The bull market will continue, and crypto prices will keep rising after a temporary correction
Short Team: The currency price will continue to fall

##How does Long Team join the event effectively?
During the competition period (April 22 - May 6), use the following grid strategies:
1.Create/copy strategies with Spot Grid and Infinite Grid. (for users who do not want to use leverage)
2.Create/copy strategies with long Margin Grid or Futures Grid. (for users who want to use leverage)

## How does the Short Team join the event effectively?
During the competition period (April 22 - May 6), create/copy strategies with short Margin Grid or Futures Grid.

## Contest Rules & Rewards

**1.For Winners Only, Share 60,000 USDT!**

During the event, the team with the most return amount wins based on the total profits of Long Team and Short Team! Team members will share 60,000 USDT equally!

Play-offs: Best "Reverse Indicator" Reward, Get 100 USDT!

This reward is for the side with the lesser payout. For the user who loses the most on the losing side, the platform will issue 100 USD compensation!

**2.For New Users Only, Claim 50,000 USDT Without Threshold!**

During the event, users in two teams who create/copy grid strategy for the first time can receive a 10 USDT newcomer prize regardless of the type of strategy!

Tips: "New users" refer to users who have not used Gate.io Bots for trading before the release of this announcement.

**3.Trade to Share 50,000 USDT!**

During the event, the top 20 users by trading volume in each team will share 50,000 USDT.

**4.Invest to win 200,000 USDT Cashback!**

Users who create/copy a bot during the event period and meet the investment amount threshold, with a running time of no less than 7, can get cashback on the trading fees during the event, and the cashback ratio is as follows:

|Investment (USDT)|Cashback Ratio (on trading fee)|
| ------------ | ------------ |
|≥ 5000|40%|
|2000-5000|20%|
|1000-2000|10%|

## About Gate.io Bots
Bots is a quantitative strategy trading tool for users to freely create or copy automatic trading strategies. There are many excellent strategies with long-term stable profits on Strategy Bot, helping users achieve profits during market downturns.

Click to enter Bots:[ Bots; Stable & Profitable in the Long Run](https://www.gate.io/strategybot " Bots; Stable & Profitable in the Long Run")
More instructions on Trading: https://www.gate.io/help/quants/essential_reading
## Notice:

1.Users can only use one account. No sub-accounts allowed.

2.Event 1 & Event 2 & Event 3 rewards will be issued in the form of trial funds, valid for 14 days. Rewards for Event 4 will be issued in cashback.

3.In Event 1, the total trading volume of the winning team should be at least 21,600,000 USDT. The prize pool will be proportionally reduced according to the actual trading volume if this volume is not reached. The trading volume of the user who wins the best "Reverse Indicator" prize will not be less than 240,000 USDT. The reward will be reduced according to the actual trading volume if this volume is not reached.

4.In Event 3, each team's total trading volume should be at least 18,000,000 USDT. The winning users must have a single trading volume of at least 1,250 USDT.

5.Cheating is not allowed. Once discovered, all rewards will be canceled and handled in accordance with the platform's rules.

6.Risk warning: Cryptocurrency trading is affected by many factors, such as market fluctuations and policies. The market fluctuates greatly, and it may sometimes be difficult to make accurate predictions. Please trade responsibly and ensure you understand this activity's implications.

**Note: Users in the UK and other Restricted Locations cannot participate in this competition/event (please see the User Agreement for further details on Restricted Locations).**

**Gate.io reserves the right to the final interpretation of this event.**

If you have any questions, please contact us through TG or add customer service:
Bots - Chinese TG group: https://t.me/gateio_copytrading
Bots - English TG group: https://t.me/gateio_copytrading_global
Customer Service: https://t.me/Gate_CopyTrading
Gate.io is your gateway to crypto.
Trade over 1,400 cryptos safely, quickly and easily on Gate.io.
[Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals"). [Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27314 "Download iOS/Android App") right now.

Gate.io
April 22, 2024

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