Metaverse Post has confirmed that registration for team leaders in Bitget's fifth King’s Cup Global Invitational (KCGI) Futures Trading Competition has officially begun.
In Brief
Bitget has officially opened the doors for captain registration in its fifth global futures trading competition, known as the King’s Cup Global Invitational (KCGI).
Cryptocurrency exchange Bitget The platform has announced that it is now accepting registrations for captains in its fifth global futures trading competition, the King’s Cup Global Invitational ( KCGI ) Team leaders must possess contract assets totaling over 100 USDT to qualify for signup. Once registered, they have the opportunity to gather a minimum of nine members to create a team, which is essential for taking part.
Captain registration is set to be available from 16:00 UTC on May 17 until 15:59 UTC on June 6. The sign-up period for team members will begin on May 24 at 16:00 UTC and will also close at 15:59 UTC on June 6.
In the competitive world of futures trading teams, participants can earn rewards from the team's profit and loss (PnL), which represents 30% of the total prize pool. The top ten teams, evaluated by their PnL ratios, will be honored with these rewards. The captain of the triumphant team will receive a unique 10% share, while the other 90% will benefit the leading members and those meeting the trading criteria.
Moreover, there will be additional rewards based on the total trading volume of each team, making up another 30% of the prize pot. These rewards will be allocated similarly to how the team PnL rewards are distributed.
What exactly is the King’s Cup Global Futures Trading Competition?
The KCGI is an international cryptocurrency trading Hosted by Bitget, this year’s tournament features categories for trading teams, individual competitors, and newcomers. Participants will engage in an array of trading activities, such as futures trading and individual challenges. The overall prize pool boasts a total of 5 million USDT, along with high-value rewards like a Ferrari 296, luxury timepieces, and a football autographed by the legendary Lionel Messi. Since launching, the Bitget KCGI has attracted over 51,000 eager participants. The competition is scheduled to run from 16:00 UTC on June 7 to 15:59 UTC on June 27.
As one of the leading derivatives exchanges by trading volume, Bitget gives users convenient access to purchase cryptocurrencies with fiat or trade directly in the spot market. Derivatives traders can engage in futures trading on margin with significant leverage or utilize advanced trading bots. The exchange has collaborated with Lionel Messi in 2022 to offer his audience opportunities in Web3 and cryptocurrency trading through the platform.
Recently, Bitget The platform has revealed an ambitious roadmap for its Bitget Onchain Layer ecosystem, aiming to broaden its footprint in Web3 by introducing innovative products and services.
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