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Huobi Global launches first grid trading competition: Grab a share of the 40,000 USDT prize pool!

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Whether you are a veteran trader benefiting from comprehensive strategies or someone curious about the astounding returns people around you made on trading cryptocurrencies, chances are you may not want to miss out on the 40,000 USDT worth of prize pool from Huobi Global. The globally renowned cryptocurrency exchange is holding its first-ever Grid Trading competition together with its strategic partner BitUniverse, an industry expert in grid trading bots.

  • Huobi Global x BitUniverse to launch a grid trading competition with 40,000 USDT as a reward.
  • Early bird registration starts on Jan 14, 2022. Register here

Why grid trading?

Grid trading profits from the ups and downs of the crypto market. Simply set a price range for the bot, adjust how many grids you want and as long as the price stays within the set range, the bot will always sell a portion when the price goes up a bit and buy a portion when it goes down a bit. It is a simple-to-use practical strategy amid a fluctuated sideways market. 

How can I get the prize?

There are 3 types of awards, and it is possible to win all of them with careful planning and a bit of luck!

  • New User Award – 27,500 USDT in total

The first 550 new grid trading users who register on/after 14 Jan 2022 and fulfill relevant trading criteria will be awarded 50 USDT each.

  • Daily Ranking Award – 9,000 USDT in total

During the 10-day competition period, users will be ranked daily by rate of return on investment from grid trading. The top 30 participants will share a daily prize of 900 USDT, with each getting 30 USDT. If your rate of return is high enough you are entitled to get this award more than once, capped at 3 times.

  • General Ranking Award – 3,500 USDT in total

By the end of the competition, all grid trading bots that meet the requirements of relevant award rules will be ranked by total profit generated from the competition. 9 users with the highest total profit will share the 3,500 USDT prize pool. 1 First Prize winner will be awarded 1,000 USDT, 3 Second Prize winners will be awarded 500 USDT each, and 5 Third Prize winners will be awarded 200 USDT each.

Sounds interesting, how can I join?

Simply follow these steps below to get yourself a grid trading bot.

  1. Sign up on Huobi Global Use Huobi Global sign-up link to enjoy 50% to 65% trading fee discount.
  2. Sign up on Bituniverse.
  3. Create an API from your Huobi Account (Select “Read” and “Trade”, do NOT select “Withdraw”); 
  4. Connect your Huobi API to BitUniverse.
  5. Create a Grid Trading Bot at BitUniverse with your Huobi API.
  6. Fill in the form with your account information.
  7. Feel free to ask any questions in our TG group and find out why Grid Trading Bot can work in a bear market.

When does the competition start/end?

There are a sign-up period and a competition period. Get on board early to familiarise yourself with the grid trading bot settings, as your prize depends on it. See you on the trading squad!

Sign-up period: 00:00 (UTC) on Jan 14 23:59 (UTC) on Jan 26, 2022

Competition period: 00:00 (UTC) on Jan 17 – 23:59 (UTC) on Jan 26, 2022

Disclaimer: This is a paid post and should not be treated as news/advice.

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.