Poloniex is a centralized cryptocurrency exchange that caters to both professional and novice crypto traders. It offers a variety of crypto marketplaces, advanced trade types, margin trading, and crypto loans, making it a suitable destination for traders from all backgrounds.
To give back to all users for their long-standing support and gear up for a fruitful 2023, Poloniex has launched the Futures Championship.
The Futures Championship started on December 10 and will continue till December 30. The championship has five contents, each offering enticing prizes that grabs users’ attention. The Championship will give away a new iPhone, Tesla, and Maserati alongside a cumulative amount of 1,000,000 USDT throughout the five contests that stretch till December 30, 2022, for users to embrace the new year.
The Futures Championship
Poloniex has rolled out this contest to thank their users for their committed support and give them a chance to win exciting gifts. Users with a registered Poloniex account can join to team up with other users and participate in the contests. The competition extends till the 30th of December, but users can create or join teams until the 27th of December.
The platform offers a $100 coupon for new futures users and team members and a $5-$20 trial fund for team captains and Master Trader contestants. Users can refer their friends to earn an 80% commission for each referral.
The five championship contests are listed below:
Earn for Tasks: During the event, the first 1,000 users registering for the event who enable futures trading or trade any amount in futures for the first time can earn a 50 USDT coupon, all users registering for the event who complete specific tasks can earn corresponding points. The prize pool is worth a total of 70,000 USDT.
Daily Lucky Draw: Users who trade 100 USDT in futures daily are eligible to join a lucky draw. The platform’s system will use the Poloniex BTC perpetual contract closing price on the same day as the ‘Lucky / Winning number’.
Users with the ‘Lucky / Winning number’ and a ‘Total Futures trading amount’ (only the value before the decimal point will be included) will split 1,000 USDT, the lucky draw has a total prize pool of 20,000 USD.
Team Battle: Users can apply to be team captains or join existing teams during the event. Qualified teams will be rated according to their overall futures trading volume for a chance to earn a share of 80,000 USDT and digital reward certificates.
The first 1,000 users who join a team will receive a 50 USDT voucher, with a total award of 50,000 USDT. The platform offers a trial money of 10 USDT for captains with Level 1 accounts and a trial fund of 20 USDT for those with Level 2 accounts, with a total reward of 5,000 USDT!
After the event, captains will be eligible for the highest commission rate as ‘Sun Captains’ of the Space Traveller program.
Master Trader: To compete in the Master Trader contest, users must first register via the Poloniex Futures platform. All qualifying participants will be rated based on their returns and rate of return, and they will have the opportunity to win up to 30,000 USDT in addition to VIP privileges and digital reward certificates.
The first 2,000 eligible participants will get 5 USDT as trial money. The trial funding totals up to 10,000 USDT. The 1st $50,000 giveaway is to allow users to collect fan token badges.
Top Performer: Individual traders and teams will be rated during the event based on their cumulative trading volume and will have the opportunity to win incredible prizes such as a Maserati Ghibli and a Tesla Model 3 if their trading volume reaches specific requirements. The more users trade, the higher chances they have of winning.
Benefits offered to increase the odds of winning
With the lowest tier fee in the industry and other valuable benefits, Poloniex has added some features to help users increase the odds of winning the Poloniex Futures Championship. The features are listed below:
The best referral program: The platform has launched the highest referral program with an 80% commission during the championship between December 10 and December 30. Users who invite friends and family to sign up for Poloniex and the championship will earn up to 80% commission based on the referrals’ net trading fees for futures.
The lowest fee in the industry: To give back to users, Poloniex Futures has revamped with the lowest tier fee provided in the industry. From December, the Maker and Taker fee rates for trading USDT-collateralized perpetual contracts on Poloniex are 0.01% and 0.04% respectively, and the changes apply to all customers regardless of their trade volume.
VIP + 1 Program: With the “VIP+1” campaign, users’ VIP level on other exchanges will be moved to one level up on Poloniex. For example, if one is entitled to VIP 1 at another platform, Poloniex will grant the user a status of VIP 2 instead.
Upgraded UX/UI design: Poloniex has revamped its perpetual futures trading webpage with additional features like a larger view of candlestick charts and a futures onboarding tutorial to assist new and seasoned traders in staying ahead of the crypto market. This update has increased the user onboarding flow.
Adjustments have been made to the currency and market depth sections for users’ convenience. The ‘Order placement’ section has been moved from left to right for a more intuitive user experience.
A new “Favorite” feature for futures and parallel display of limit/market/conditional orders have been added along with the definitions of terms. An expanded view of candlestick charts with improved performance, optimized display of time-in-force (TIF) orders, and improved lists of open orders, positions, and order history are added to give users a seamless trading experience.
Smooth trading experience: Since the launch of the new trading system on August 1, Poloniex has overhauled the legacy system to give users a new trading platform with higher speed, stability, and usability.
Poloniex’s new matching engine ensures superior performance at transactions per second (TPS) of over 100,000. Users no longer need to wait for the order book to be refreshed when switching trading pairs in the new system, so they can grasp the market trends quicker to make possible gains and enjoy an ultra-fast trading experience.
The new system with an improved disaster tolerance mechanism has a reduced latency so that the system is more stable. In addition, the new trading system optimizes the overall user experience with better functionality and visualization to provide users with a clearer, more intuitive, and friendlier trading experience.
With the aforementioned updates on Poloniex Futures, the chances of users winning prizes through the Futures Championship have significantly risen. Thus, Poloniex offers its users an excellent opportunity to win exciting prizes like a new iPhone, a Tesla, or even a Maserati by the end of this year.
So, grab the opportunity and take part in the Poloniex Futures Championship.
Disclaimer: This is a paid post and should not be treated as news/advice.