Things to Know About the WCTC S2

Today, let's talk about a hot topic which is World Cup Trading Competition S2.
I believe you must be familiar with the competition rules if you have participated in the WCTC S1. But if not, don't worry. I'll explain the WCTC S2 rules to you in this Blog and I bet you'll understand all you need to know after reading it.

Since the last WCTC, many users have told us that they still want to participate in it. Here WCTC S2 is. This season's competition includes team competition, individual competition, and record-breaking competition with a total prize pool containing up to $5 million. Also, this season has the lucky draw, and in addition, there are NFTs as rewards.

And this season's competition is divided into four stages.1. Reservation Stage: 2022-08-02 00:00 to 2022-08-15 23:59 (UTC)
2. Early Bird Registration: 2022-08-16 00:00 to 2022-08-18 23:59 (UTC)
3. Official Registration: 2022-08-19 00:00 to 2022-09-12 23:59 (UTC)
4. Official Competition: 2022-08-26 00:00 to 2022-09-15 23:59 (UTC)

All Gate.io users whose total assets in spot and contract accounts ≥ $200 can participate in it, and can freely choose whether to join in team competitions, individual competitions or form a team (become a team captain). The team should have at least 5 members. It supports all trading pairs of USDT-Margin Perpetual Contract.Registration by clicking：https://www.gate.io/competition/wctc#/home

The more users participating in the competition, the higher the total prize pool will be because the prize pool will be expanded based on the number of participants.

And there are 6 benefits for participants:
1. During the early bird registration: From 08-16 00:00 to 08-18 23:59 (UTC), new Futures users will receive a $50 point and existing users receive a $20 point.
2. In the individual competition, the top 20 inviters who invite the most new users will get the double earning cards, which means their earnings will be doubled up to $1,000! (Only newly registered invitees who participate in the competition are eligible)
3. Before the official registration ends, the first 5 members will receive an additional $20 point for joining a team. (But if the team is disbanded, the members will not receive this bonus)
4. When the number of star members reaches a certain scale, the team captain will receive an additional USDT reward, up to a maximum of 4,000 USDT. The details are as follows:

5. Users who reach 100,000 USDT in cumulative futures trading volume first will randomly receive MAYC fractional NFTs or a limited-edition NFT, with a total of 2,000.
6. All valid trading users who participate will receive 1 lucky draw opportunity for every 20,000 USDT increase in cumulative futures trading volume, with a maximum of 10 lucky draw opportunities per person. The prize is 100% guaranteed for each lucky draw.

And there are 3 benefits for the team captain:
1. The team captain can get 30%of the team prize pool.
2. Team competition accounts for 80%of the total prize pool.
3. Star captain can get 4,000 USDT at most (withdrawable).

What do you care about most? I bet it must be how you can win the competition.
There are 3 types of competitions including team competition, individual competition, and record-breaking competition.
Teams can share 80% of the total prize pool up to $4,000,000 to be shared.
Participating teams are ranked according to the profit and trading volume respectively. Those profit rankings account for 80% of the team competition prize pool, and those trading volume rankings account for 20% of it.

Those who get team competition rewards ranked according to the amount of profit and trading volume will be distributed within the team according to the following rules:

1. Team profit = the sum of all profit within the team. Profit <0 and cumulative trading volume < 3,000 USDT during the competition will not participate in the ranking.
2. Team trading volume = the sum of trading volume within the team. The cumulative trading volume < 3,000 USDT during the competition will not participate in the ranking.

Individual competition rewards account for 20% of the total prize pool, with a maximum share up to $1,000,000.
And it will be ranked according to profit rate and trading volume respectively. Those profit rate rankings account for 50% of the individual competition prize pool, and those trading volume rankings account for 50% of it.

1. To participate in the individual competition profit rate ranking, the cumulative trading volume needs to be ≥ 30,000 USDT and the profit rate > 0 during the competition.
2. To participate in the trading volume ranking, the cumulative trading volume needs to be ≥ 3,000 USDT during the competition.
3. In profit rate ranking, traders need to open at least 10 valid positions (the valid open position refers to positions with an open and closed time gap of more than 5 minutes for a single transaction).

Record-breaking competition:
The team that breaks the team record and the individual that breaks the individual record will split $6,666.At the end of the competition, all users who break the 2022 WCTC S1 individual trading volume record will share the $1,666 prize pool equally ($1,000 point + $666 contract bonus).
All teams that break the 2022 WCTC S1 team trading volume record will share a $5,000 prize pool equally and have a chance to win an exclusive NFT. The winning team in the record-breaking competition will have its awards distributed within the team according to the following rules:

1. Only members who join the team before the start of the official competition are eligible to receive this reward.
2. Please go to the main page of the competition to check the 2022 WCTC S1 team and individual trading volume records.
3. To receive the reward, the user's cumulative trading volume needs to be ≥ 3,000 USDT during the competition.
For more details please check https://www.gate.io/article/27410


Let's participate in this exciting competition.