1. In this event, users can choose any USDT-M perpetual futures pair for live trading.

2. When users register for the event, they will receive a one-time allocation of 50,000 USDT in demo funds. At the same time, this means users must forfeit any existing demo account assets and current open positions, which will not be restored after the event ends.

3. During the event, you will not be able to adjust your demo funds.

4. In the PnL Leaderboard for the futures demo trading challenge, only the following perpetual trading pairs will be included: BTC/USDT, ETH/USDT, SOL/USDT, XRP/USDT, DOGE/USDT, SHIB/USDT, PEPE/USDT, and WLFI/USDT.

5. Users must successfully register for the event to be eligible for the rewards mentioned above.

6. Rewards for Event 2 will be strictly distributed based on demo trading PnL. Participants with higher PnL rankings will have a greater chance of receiving rewards, while those with lower rankings may not receive any rewards.

7. In Event 2, only users with demo trading PnL greater than 0 and a cumulative trading volume above 0 are eligible to share the corresponding prize pool.

8. Futures Demo Trading Volume = Futures Demo Positions Opened During the Event + Futures Demo Positions Closed During the Event. Only trading volume of perpetual futures pairs designated for the event is counted.

9. Futures Demo Return = Final Demo USDT-M Perpetual Assets [Realized PnL + Unrealized PnL] – Initial Demo USDT-M Perpetual Assets [Realized PnL + Unrealized PnL]. Only profits from perpetual futures pairs designated for the event are counted.

10. If two or more participants have the same Futures Demo PnL, the one with the higher demo trading volume will be ranked higher.

11. Rewards from Event 1 and Event 2 can be claimed simultaneously. Physical rewards from Event 1 and all rewards from Event 2 will be credited to winners' accounts within 14 business days after the event ends.

12. For Event 2, the top three users must have a cumulative futures trading volume of ≥ 1M USDT respectively.

13. Net Deposit = (Deposits + Fiat Purchase) – (Withdrawals + Fiat Sell). Only on-chain deposits are counted; internal transfers and GateCode Deposit are excluded.

14. All other non-physical rewards will be automatically issued to winners' accounts in the form of Position Vouchers.

15. Each verified user may only participate with a single account. Subaccounts are not considered independent accounts for this event and are not eligible to claim rewards.

16. Any cheating, wash trading, coordinated trading, self-trading, market manipulation, or other violations will result in disqualification and forfeiture of rewards.

17. Trading volume generated from quantitative trading or API will not be counted toward the event's trading volume.

18. Users in the UK and other restricted regions may not have access to some or all services (including participating in this event, game, or competition). For details on restricted regions, please refer to the User Agreement.

19. Risk Warning: Cryptocurrency trading is subject to many factors such as market conditions and policies. The market is highly volatile and price is unpredictable. Please be aware of market risks and trade with caution. Futures Trading Guide.

20. Gate reserves the final right of interpretation for this event.