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Gate just launched a new ETF promotion with a 50,000 USDT prize pool centered around the newly listed SAMSUNG and AMD 3x leveraged tokens. Here is the breakdown.
The event runs from July 9 to July 18 and there are three ways to get rewards.
First, the daily check-in. Trade more than 1,000 USDT in SAMSUNG3L/3S or AMD3L/3S each day and you get a random reward between 20 and 100 USDT. Stack those up over the event and you could hit 1,000 USDT total. The pool for this is 10,000 USDT and it is first come first served.
Second, the volume-based pool. If your cumulative trading volume hits at least 3,000 USDT across those pairs, you qualify to share a 30,000 USDT pool. Distribution is based on your volume contribution, with a cap of 200 USDT per person.
Third, the referral piece. Invite friends to trade these new pairs and you can earn up to 500 USDT in blind box rewards. The friend just needs to hit 1,000 USDT in volume and you get a reward. The total referral pool is 10,000 USDT.
Now a quick note on the products themselves. These are 3x leveraged tokens, which means they amplify daily returns by three times. There is no liquidation risk like with futures, but there is a daily management fee of 0.1 percent and volatility decay can eat into your position if the market chops sideways for too long. These are short-term tactical tools, not hold-for-months products.
Also, the underlying assets here are real-world stocks. Samsung and AMD are both major semiconductor players, and the crypto market has been watching the AI chip narrative closely. There is even an existing Leverage Shares 3x AMD ETP trading on traditional exchanges with a similar structure.
Bottom line. If you are already trading ETFs or want to take a leveraged swing at semiconductor stocks, this is a decent incentive. Just register first and treat these as short-term plays. The structure is designed for trend trades, not long-term holds.
https://www.gate.com/campaigns/5441?ref=BVVEVQ9c&ref_type=132
Details: https://www.gate.com/announcements/article/100578
The event runs from July 9 to July 18 and there are three ways to get rewards.
First, the daily check-in. Trade more than 1,000 USDT in SAMSUNG3L/3S or AMD3L/3S each day and you get a random reward between 20 and 100 USDT. Stack those up over the event and you could hit 1,000 USDT total. The pool for this is 10,000 USDT and it is first come first served.
Second, the volume-based pool. If your cumulative trading volume hits at least 3,000 USDT across those pairs, you qualify to share a 30,000 USDT pool. Distribution is based on your volume contribution, with a cap of 200 USDT per person.
Third, the referral piece. Invite friends to trade these new pairs and you can earn up to 500 USDT in blind box rewards. The friend just needs to hit 1,000 USDT in volume and you get a reward. The total referral pool is 10,000 USDT.
Now a quick note on the products themselves. These are 3x leveraged tokens, which means they amplify daily returns by three times. There is no liquidation risk like with futures, but there is a daily management fee of 0.1 percent and volatility decay can eat into your position if the market chops sideways for too long. These are short-term tactical tools, not hold-for-months products.
Also, the underlying assets here are real-world stocks. Samsung and AMD are both major semiconductor players, and the crypto market has been watching the AI chip narrative closely. There is even an existing Leverage Shares 3x AMD ETP trading on traditional exchanges with a similar structure.
Bottom line. If you are already trading ETFs or want to take a leveraged swing at semiconductor stocks, this is a decent incentive. Just register first and treat these as short-term plays. The structure is designed for trend trades, not long-term holds.
https://www.gate.com/campaigns/5441?ref=BVVEVQ9c&ref_type=132
Details: https://www.gate.com/announcements/article/100578