Event Contracts are trading products centered on price direction. Simply predict whether the price of assets like BTC and ETH will rise or fall over time periods such as 5 min or 15 min, select a side (Up or Down), choose a price in the Order Book, enter a quantity, and submit the order to trade.
During the event, the first 4,000 users in order of trading time whose first trade resulted in a loss will receive compensation based on the actual loss amount, up to $5 per user.
The Gate Event Contracts Launch Carnival is still ongoing, featuring first-trade loss compensation, profit matching bonuses, and a shared $50,000 total prize pool.