Gate Launches Credits(CS) Net-buy Competition, Winners To Share 250,000 CS

Gate launches Credits(CS) Net-buy competition, 100 Winners To Share 250,000 CS in prizes.



1. Time

UTC 7:00, October 30th, 2019 - UTC 7:00, November 6th, 2019



2. Rules

The 250,000 CS in prizes will be shared based on the following ratio:

1. 1st prize: 62,000 CS（25%）
   
2. 2nd prize: 41,000 CS（16%）
   
3. 3rd prize: 22,000 CS（9%）
   
4. The rest of the 97 winners will share 125,000 CS based on their net purchase ratio.（50%）
   
   
   
   Note:
   
   (1) The competition result will be calculated based on the data at competition's end. The purchase amount during the competition is calculated as (buy amount during the competition - sell amount competition). The CS prizes will be distributed within 7 working days at competition's end.
   
   
   
   *Competition Purchase Amount =(buy amount - sell amount) x (time factor). Transactions between the same accounts will be excluded, wash trading is forbidden. Time factor will decay linearly from 1.2 to 1.0 during the competition. Thus, the earlier a trader buys-in, the higher the value he or she can get.
   
   
   
   (2) Since different VIP levels determine different trading costs, to ensure fairness of the competition, the trading volume will be calculated as (trading volume) × (actual trading fee/VIP14 trading fee), so that the trading cost margin between different VIP levels can be eliminated.
   
   
   
   (3) Since users who refer friends get extra discount on trading fees, to ensure fairness of the competition, the discount for referrers will also be held in consideration to eliminate the trading cost differences.
   
   
   
   Thanks Credits Team for their support.
   
   Visit Credits official website: https://credits.com/
   
   
   
   Deposit CS at：
   
   https://www.gate.com/myaccount/deposit/CS
   
   
   
   Trade CS at：
   
   https://gate.io/trade/CS_USDT
   
   https://gate.io/trade/CS_ETH
   
   
   
   Gate reserves the final right to interpret this activity.
   
   
   
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   October 29, 2019