‍#WCTC交易王PK

The most comprehensive guide to the WCTC trading competition - Beginners and experts, all take a look

🔥Gate Exchange is buzzing again! The WCTC trading competition with a total prize pool of 8 million USDT is here. Without further ado, let’s discuss how to participate:

1. Basic Rules and Settings of the Competition

Knowing the why helps understand the how. First, let’s review the competition format and rules.

Competition timeline: Registration period: April 14, 16:00 - May 20, 16:00

Individual contest: April 23, 16:00 - May 20, 16:00

PK match: April 23, 16:00 - May 20, 16:00

Team contest first half: April 23, 16:00 - May 7, 00:00

Team contest second half: May 7, 00:00 - May 20, 16:00

Event setup: Team trading competition - participate as a team, with at least 5 members per team, with events for team trading volume and team profit

Individual trading competition - rankings based on total trading volume during the contest, with a maximum prize pool of 2,000,000 USDT

King PK match - initiate a PK on the page to enter the matching user pool. The system will match opponents based on users’ trading volume and asset level, starting a 2-hour match. Users can place orders via contracts or TradFi channels. The winner is determined by yield, earning points, with rewards based on leaderboard rankings.

Bonus activities - includes a “Team Momentum Award,” sharing 20,000 USDT among teams based on team size. New users can receive a 20 USDT position experience voucher upon registration. Daily free treasure chests are also distributed.

Participation eligibility: Any user registered on Gate Exchange who has completed basic account setup such as real-name verification qualifies. The team event requires at least 5 participants.

💡Reward eligibility: For the team event, participants must have a total trading volume of at least 20,000 USDT during the official competition to qualify for rewards. For the individual event, the same minimum trading volume applies.

Trading volume = (User’s spot trading volume + ETF trading volume + instant swap trading volume) × 150% + contract trading volume during the contest + TradFi trading volume during the contest × 10%; Profit = contract profit during the contest + TradFi profit during the contest.

2. Expert Participation Strategies

Whether you are a volume king or a yield master, follow this guide.

1. Individual contest: No need to elaborate, it’s for high-volume traders. As long as your trading volume is high enough, the top 1,000 will receive rewards.

2. Team contest: The team leader gets 40% of the team rewards. The top 10 traders by volume share 20% of the rewards. The remaining 40% is split among other team members. If you’re a big player, besides helping your team increase trading volume and profits, you should also compete internally, aiming to rank in the top 10 for trading volume.

3. PK match: Since matches are random, opponents are unpredictable. Your control is only over yourself. Play steadily, avoid reckless moves, follow your usual trading style and discipline. Also, try to match opponents frequently—more matches mean more points. But don’t open trades just for the contest; your money is your own. When you have a short-term trading idea, first match an opponent, then execute the trade.

3. Newbie Wool-Gathering Strategies

1. Bonus activity: Since rankings and rewards depend on team size, if you’re not particular, choose a team with more members.

2. Opening treasure chests: Each chest offers chances to win gold, position experience vouchers, cash, and Gate merchandise. Complete tasks to earn rewards. First, trading contracts, spot trading, and sharing activities are essential. Daily free treasure chests are also available—be quick!

3. Winning conditions: Remember, whether individual or team, your total trading volume must be at least 20,000 USDT to qualify for rewards.

4. Participation Strategies
(1) Personal Contest Strategies
Trading instrument selection: Different cryptocurrencies have varying risk and return profiles. Choose based on your experience, risk tolerance, and market conditions. Beginners should focus on large-cap, highly liquid, relatively stable coins like Bitcoin (BTC) and Ethereum (ETH). These have good liquidity and lower trading risks. Experienced traders can explore promising altcoins but should control position sizes to avoid over-speculation and losses.

Timing: Market conditions change rapidly. Accurate timing is key to profits. Use technical analysis—study candlestick charts, moving averages, MACD, etc., to forecast price trends. Fundamental analysis involves evaluating project background, team strength, use cases, and long-term value.

Risk management: Risk control is crucial. Set stop-loss and take-profit points to prevent losses from escalating. Take profits promptly at the take-profit point. Manage your position sizes reasonably—avoid over-leverage. Typically, keep positions within 30-50% of your total funds, adjusting as market conditions change.

(2) Team Contest Strategies
Develop a team trading plan: Based on team goals and market trends, create a detailed trading plan covering instrument choices, timing, position control, stop-loss/take-profit settings, etc. Strictly follow the plan, avoiding impulsive or emotional trading. Adjust the plan as needed to keep the team on the right track.

🎉🎉🎉That’s all for now. Hope it helps everyone. Wishing you all great success in WCTC Season 8. And, may you get rich every day!