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Top Trader Achieves +2,000% Gains in Gate.io World Cup Trading Competition
01 January 08:00
Over the past month, an intense trading competition on Gate.io pitted crypto traders against one another to win from an expanding prize pool of up to $5 million. The World Cup Trading Competition (WCTC), hosted by the leading cryptocurrency exchange Gate.io, had participants worldwide compete to claim the title of the best perpetual Futures trader.The WCTC was part of a broader campaign during Gate.io's 9th-anniversary rebranding, which also saw giveaways featuring a 999g brick of solid gold and a trip to space.
The prize pool, which expanded relative to the total number of participants, reached $48,000 for the team competitors and $12,000 for the solo competitors, totalling $60,000. Additionally, limited edition NFTs were allotted to the first 2,000 participants to reach a cumulative Futures trading volume of $30,000. Ultimately, every participant was a winner, as each received entries into the lucky draw contest with trading bonuses of up to $1000.
One user topped the charts for the solo competition with an astounding $330k total profit, and another achieved a profit rate of over 2,000%, winning $2,880 and $720, respectively. Finally, on the team-based leaderboards, one group earned a cumulative total profit of $289k, taking first place in the category, while another achieved an astounding 1,600% cumulative profit rate.
To sum it up, the competition was a success, bringing together thousands of traders from across the globe in a friendly competition netting over $60,000 worth of total prizes.
Its Futures trading platform offers a wide range of perpetual and delivery Futuress with minimal fees, zero pending order commission, and a tiered discount system. The platform is tailored to new and veteran traders, offering simulated trades, Futures bonuses, and a point system offering discounts. Additionally, new users can take advantage of up to $500 in free rewards.
Play-by-play
Attracting more than 4000 traders and 48 teams, participants had the chance to compete solo against other individuals or form a group and compete together in a team-based competition. There were two main leaderboard categories based on perpetual Futures trading: total profit and total profit rate.The prize pool, which expanded relative to the total number of participants, reached $48,000 for the team competitors and $12,000 for the solo competitors, totalling $60,000. Additionally, limited edition NFTs were allotted to the first 2,000 participants to reach a cumulative Futures trading volume of $30,000. Ultimately, every participant was a winner, as each received entries into the lucky draw contest with trading bonuses of up to $1000.
One user topped the charts for the solo competition with an astounding $330k total profit, and another achieved a profit rate of over 2,000%, winning $2,880 and $720, respectively. Finally, on the team-based leaderboards, one group earned a cumulative total profit of $289k, taking first place in the category, while another achieved an astounding 1,600% cumulative profit rate.
To sum it up, the competition was a success, bringing together thousands of traders from across the globe in a friendly competition netting over $60,000 worth of total prizes.
The go-to platform for Futures Trading
Gate.io is well suited for large-scale competitions like WCTC, as one of the top ten exchanges based on trading volume with a worldwide userbase in the millions. Moreover, the platform offers among the most comprehensive set of trading tools for Futuress, maintaining a high level of liquidity and market depth.Its Futures trading platform offers a wide range of perpetual and delivery Futuress with minimal fees, zero pending order commission, and a tiered discount system. The platform is tailored to new and veteran traders, offering simulated trades, Futures bonuses, and a point system offering discounts. Additionally, new users can take advantage of up to $500 in free rewards.
Upping the ante
For the next World Cup Trading Competition, Gate.io will raise the bar, increasing the total prize pool by several million. This is a bold move as the existing max prize pool is already a sizeable $5 million. Additionally, participants will have a custom profiles displayed on the competition page for bragging rights. As it stands, the next competition is set to commence this August.
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