Gate already supports USDT Settled Contract Trading Simulation Area. Our Perpetual Contracts feature now provides an insurance fund of 10,000 GT to compensate users when traders' balance drops below zero, which is only for BTC/USDT Settled Perpetual Contact with the highest leverage of 100 times. Users can transfer your insurance funds for trading everyday without risk of actual loss. 30 winners will be awarded everyday at UTC 12:00-13:00 on Gate Live. We are looking forward to your participation!

1.Time:

From UTC 13:00 November 11,2019 to 13:00 November 18,2019 (7 days in total). We will be determining the winners on a daily basis.

2. Prize:

The competition results over the past 24 hours will be calculated at UTC 13:00 each day.

1st prize: 380 GT

2nd prize: 280 GT

3rd prize: 100 GT

4th-30th prize:60 GT

3. Rules:

Traders who trade BTC/USDT contract during the competition period will automatically be subscribed to the competition.
The competition result of the past 24 hours will be calculated at UTC 13:00 each day.
During the competition, fund deposits will be limited by the traders are allowed to cover their unrealized losses, and can choose from 1x to 100x leverage. The lowest earning is 100USDT, and 1st to 3rd prize will be set as 380GT, 280GT and 100GT, and 4th to 30th 28GT.
Each day the accepted trading count is between 1-40.

4.Attention:
The earnings from the competition will be calculated based on the accumulated earnings from the BTC/USDT contract trading (including unrealized losses/earnings, realized losses/earnings, trading fees and other handling fees etc.)
Principle = original account balance + subsequent transferred-in funds
To ensure fairness of the competition, accounts with abnormal trading activities (e.g. use of other accounts to distribute earnings) will be excluded. The prizes will be distributed to the next trader based on the ranking.
Risk warning: Perpetual contract trading is simple to use. It is similar to regular trading with no contract delivery. However, please note that the cryptocurrency market is extremely volatile. Please be aware of the market risks and choose the amount of leverage cautiously.
To learn how to trade perpetual contracts, please go to the Trading Simulation Area for more practice.

4.Perpetual Contact Trading Simulation Area:

Web: https://www.gate.com/testnet/futures_trade/USDT/BTC_USDT

USDT settled perpetual contract trading simulation is not supported on app temporarily (only BTC settled perpetual contract trading available).

How to enter Gate Live:

Web: On the right of the chatroom interface

APP: the top buttom of “Live” function on trading interface

*Gate reserves the final right to interpret this competition

5.Gate Perpetual Contracts

Gate Perpetual Contract is one of the most active crypto-asset contract trading markets in the world. At its peak, we’ve hit a total trading volume of 400 million USDT on with the Gate Perpetual Contracts platform, with an insurance fund of over 1,000 BTC to compensate users when traders’ balance drops beneath zero.

Gate Perpetual Contracts provides 100X leverage for BTC, and 20-100X leverage for other major cryptocurrencies such as ETH, EOS, LTC, BCH, BSV for users to go either long or short. The close position is calculated based on the price index from multiple platforms, which helps the trading feature run continuously and reduce investors’ risks. However, contract trading involves higher risks with high leverage, hence, users should understand the trading rules and be aware of the market risk, and place investments cautiously.

6.The BTC settled Perpetual Contract Trading and its simulation trading area are already available on Gate. Users now can also learn about and practice in the USDT settled Perpetual Contract Trading Simulation Area.

BTC Settled Perpetual Contract Trading (Web):

https://www.gate.com/futures_trade/BTC_USD

Mobile app users please go to “Contracts”. Download app at:

https://www.gate.com/mobileapp

Contract trading fee: Maker: -0.025%; Taker: 0.0075%; 0.025% fees will be deducted from your accounts to maker.

7.USDT Settled Perpetual Contract Trading Simulation Area

USDT Settled Perpetual Contract Trading (Web):

https://www.gate.com/testnet/futures_trade/USDT/BTC_USDT

The mobile feature will soon be available, please stay tuned.

8.USDT Settled Perpetual Contract Trading Area (Real Asset)

Gate will be launching a USDT Settled Perpetual Contract Trading Competition in the simulation area, to test out the stability of the new contract trading feature. We will soon enable the USDT Settled Perpetual Contract Trading Area with real assets, please stay tuned.

Gate Margin Trading (long or short): https://www.gate.com/margin_trade/BTC_USDT

Gate is a trading platform that does not charge listing fee, only
launches quality projects, and provides users with a 100% guarantee and
instant deposit-withdrawal services. Get 30% trading fee in the affiliate program at https://www.gate.com/myaccount/myreferrals

Gate New Features:

Spot Trading on Gate (200+ tokens):https://www.gate.com/trade/BTC_USDT

Margin Trading on Gate (Long or Short):https://www.gate.com/margin_trade/BTC_USDT

Perpetual Contract Trading:https://www.gate.com/futures_trade/BTC_USD

Lending on Gate (secure and stable, high annual return):https://www.gate.com/margin/lend/USDT

C2C Trading on Gate:https://www.gate.com/c2c/usdt_cny

Download Gate APP:https://www.gate.com/mobileapp

Download Wallet.io (ALL in ONE):https://www.wallet.io/

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Gate

November 8, 2019

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