DigiFinex will launch the "Holding for Earning, Futures Trading Event": share 10,000 USDT daily from June 13th to July 13th. We welcome both new and existing users to participate and share a daily prize pool of 10,000 USDT.
Event Period: June 13th, 2023, 00:00 (UTC+8) - July 13th, 2023, 23:59 (UTC+8)
Participation Method: Trade and hold positions during the event period to be eligible for rewards.
Reward Claim Method: Contact the designated customer service representative @harry_dgf, @mmmsummer5 in the official Telegram group DigiFinex Futures VIP Group to claim your rewards.
Event page: Event page
The individual share amount is calculated as follows: (User's net position value for the day / Platform's total position value for the day) * Daily total reward.
For example, if a user's net position value for the day is 2.5 million USDT, the platform's total position value for the day is 25 million USDT, and the daily reward is 10,000 USDT, then the user's share in the prize pool is 10%. Thus, the user will receive a reward of 1,000 USDT.
Definitions and Calculation Formulas:
Position Value Definition: For U-based contracts, position value = Quantity * Face Value * Average Position Price; For Coin-based contracts: position value = Quantity * Face Value.
User's Net Position Value Definition: Net position value = Absolute value of (Total long position value of all trading pairs - Total short position value of all trading pairs).
For example, if the total long position value in a certain direction is 100,000 USDT, and the short position value is 50,000 USDT, then the net position value is: 100,000 USDT - 50,000 USDT = 50,000 USDT.
Position Holding Time Definition: Duration of net position, measured in days. It is calculated as the total number of minutes of net position / 1440 minutes = n days.
For example, if a net position is held for 1440 minutes at a given moment, the holding time is 1 day. If a net position is held for 60 minutes, the holding time is 1/24 day.
Daily Position Value Definition: Net position value * Holding time.
For example, if the net position value is 50,000 USDT and held for 1 day, the daily position value is: 50,000 USDT * 1 = 50,000 USDT. If the net position value is 50,000 USDT and held for 0.5 days, the daily position value is: 50,000 USDT * 0.5 = 25,000 USDT.
The cumulative calculation of daily position value is performed by adding the individual daily position values of each currency pair if multiple trades of different currencies occur within a day.
Position Snapshot Frequency: Snapshot taken every minute.
Users with a cumulative holding time of less than 1 hour for the day will not receive rewards.
Reward Distribution Time: Rewards for the previous week (Monday to Sunday) will be distributed every Tuesday.
Activities will be disqualified if multiple accounts are detected or if long and short positions are held separately in different accounts.
Activities will be disqualified if self-trading, market manipulation, or similar actions are detected.
Activities will be disqualified if an individual account has an average daily holding time of less than 3 minutes or if the account has ≥100 daily trading transactions (opening or closing positions count as 1 transaction).
Activities will be disqualified if operations from the same IP/device are detected, and all activity qualifications for the users under that IP/device will be canceled.
Including but not limited to the risks associated with trading, funds, and group behavior mentioned above, the final interpretation of the event rules belongs to DigiFinex.
DigiFinex reserves the right to make the final interpretation of this event. If you have any questions, please contact customer service.
June 12, 2023
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Telegram AMA Community: https://t.me/DigiFinexAMA
Official Twitter: https://twitter.com/digifinex
Official Medium: https://medium.com/@digifinex
Official Reddit: https://www.reddit.com/user/DigiFinex/
DigiFinex (digifinex.com)DIGIFINEX LIMITED. reserves all rights of this event, including but not limited to adjustment, explanation and termination at any time.