Announcements Futures Testnet Challenge - Win Rewards with Zero Cost and Share a $100,000 Prize Pool

Futures Testnet Challenge - Win Rewards with Zero Cost and Share a $100,000 Prize Pool

2024-10-15 10:11:51 UTC 26632 Read

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Gate.io is excited to announce the second Futures Testnet Trading Challenge in response to the overwhelming support from our first competition. This event aims to allow more users to experience testnet trading and hone their skills. We warmly invite cryptocurrency futures enthusiasts from around the world to join us and share a $100,000 prize pool with zero cost!
<div style="text-align: center;"><a data-type="gate-activity" rel="nofollow noopener noreferrer"  href="/competition/simulation"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;">Join Now</span></strong></div></a></div>

**Event Duration:** October 15, 2024, 10:00 UTC - November 14, 2024, 15:59 UTC

**Trading Pairs:** [Testnet: 3 perpetual futures trading pairs: BTC/USDT, ETH/USDT, SOL/USDT];[ Live Trading: All USDT-margined perpetual futures trading pairs]

**➣Registration**：https://www.gate.io/competition/simulation

<span style="color:#003399;background-color:#F3CFC6;"><strong>➣Activity 1:** First Trade on Testnet or Live Trading, Win $20,000 + VIP Level +1 (15 days)</strong></span>
During the event, earn a $50-$200 reward for making your first futures trading, whether on the testnet or mainnet. The total prize pool is $20,000, distributed on a first-come, first-served basis until all rewards are claimed!
*** Surprise Bonus:** The first 300 newly registered users who complete identity verification during the event will also receive VIP Level +1 (15 days). First come, first served!

<span style="color:#003399;background-color:#F3CFC6;"><strong>➣Activity 2:** Profit Challenge, Win up to $2,000 with Zero Cost</strong></span>
Participants in the futures testnet trading will be ranked based on their "testnet profit" and will receive corresponding rewards. Detailed rules as below.
![](https://gimg2.gateimg.com/image/article/1728872667E1.jpeg)

<span style="color:#003399;background-color:#F3CFC6;"><strong>➣Activity 3:** Lucky Bag Carnival - Individuals can win up to  $1,000 and a PS5 Console </strong></span>
During the event, new and existing users who enter the competition page and successfully register will receive at least one free lucky draw ticket. Prizes include a $10 futures voucher (100% win), a chance to win a PS5 console, the digital deluxe edition of "Black Myth: Wukong," Gate.io merchandise, Vouchers($6-$1,000) , popular tokens(PEPE、BTT、CAW、SHIB、BABYDOGE、FLOKI), and more. 
Users can also earn additional lucky draw tickets by completing a series of tasks. Every lucky bag guarantees a prize, and grabbing a lucky bag lets you share an additional $10,000 in furthers voucher!Detailed rules are as below:
![](https://gimg2.gateimg.com/image/article/1728872717E2.jpeg)

**Notes:**
1.To claim the $10 furthers voucher from the lucky bag rain, users must accumulate a net deposit of no less than $100 within 21 days, and the net deposit must be maintained for at least 24 hours (the system will take random snapshots daily).
2.First-time actions such as trading on the futures testnet, spot trading, futures trading, using a robot, participating in Startup subscriptions, or using Simple Earn will grant you 3 additional chances each, not included in the task completion limit.
3.Users can only participate in red bag lucky draw rain once without logging in.
4.If a user's final reward share from the lucky bag rain is greater than $1, it will be rounded to the nearest whole number. If less than $1, it will not be considered in the furtures voucher prize pool sharing.

**Event Details:**
1.For live trading, users can choose any USDT-margined perpetual futures trading pair.
2.Only the following perpetual futures trading pairs will be included in the testnet profit ranking: BTC/USDT, ETH/USDT, SOL/USDT.
3.Users must successfully register for the competition to be eligible for rewards in all three activities.
4.New users are defined as those who register after 10:00 UTC on October 15, 2024.
5.Rewards for Activity 2 will be strictly distributed based on individual testnet profit rankings. Participants with higher profit rankings will have a greater chance of receiving rewards, while those with lower profit rankings may not receive any rewards due to their lower profit amounts.
6.Testnet trading volume = testnet opening volume + testnet closing volume. Only the trading volume of the specified perpetual futures pairs in the testnet trading will be counted.
7.Testnet profit = final testnet USDT perpetual futures [realized + unrealized profit/loss] - initial testnet USDT perpetual futures [realized + unrealized profit/loss].Only the trading volume of the specified perpetual futures pairs in the testnet trading will be counted.
8.In Activity 2, only users with a futures demo return > 0 and cumulative trading volume > 0 will be eligible to participate in the corresponding prize pool distribution.
9.In case of a tie in testnet profit, the user with the higher testnet trading volume will win.
10.Rewards from Activities 1, 2, and 3 can be earned simultaneously. Users must complete identity verification to receive rewards, which will be distributed within 14 business days after the event ends.
11.Cash rewards in Activity 2 will be distributed in USDT to the winner's spot account within 14 business days after the event ends.
12.Non-physical rewards will be distributed as futures voucher, which users need to activate manually. For more details, please refer to the [Futures Voucher Instructions](https://www.gate.io/help/futures/bonusvoucher/33427/futures-voucher "Futures Voucher Instructions").
13.Upon registration, users will receive 50,000 USDT in testnet assets but must forfeit existing testnet account assets and positions. These forfeited assets and positions will not be restored after the event ends.
14.During the event, daily 3,000 USDT testnet funds cannot be claimed.
15.Net pre-deposit volume= (pre-deposits + fiat buys) – (withdrawals + fiat sells); pre-deposits are limited to on-chain pre-deposits only; internal transfers and Gatecode pre-deposits are not included. 
16.Users at VIP10 or higher cannot receive VIP Level +1 rewards.
17.Each verified user can only use one account to participate; sub-accounts are not considered independent and do not qualify for rewards.
18.Cheating, wash trading, self-dealing, market manipulation, or any other fraudulent activities will result in disqualification and forfeiture of rewards.
19.Quantitative trading and API trading volumes will not be counted in the event's trading volume.
20.This event is not open to users in the UK or restricted regions as per [the Users Agreement](https://www.gate.io/user-agreement "the Users Agreement").
21.Gate.io reserves the right to the final interpretation of the event terms.

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Gate.io Team
Oct 15, 2024

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Futures Testnet Challenge - Win Rewards with Zero Cost and Share a $100,000 Prize Pool

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