#EventContractsLaunch


New Product Alert: Gate’s Event Contracts Go Live – Predict BTC & ETH Short-Term Price Moves Easily!

Gate has been leveling up with new features and products, and today, they drop an exciting new one: Event Contracts!

These Event Contracts are all about simple and fun, short-term crypto price predictions – all without the hustle of traditional leveraged trading with margin calculations and leverage adjustments. You simply choose whether BTC or ETH price will go up or down during the selected timeframe, and that’s it!

Currently, Event Contracts come with several cycles to choose from, including 5-minute, 15-minute, 60-minute, and 240-minute (4-hour). This offers flexibility for everyone, whether you're a fast-paced trader or someone who prefers a slightly longer view. The contracts are designed to be user-friendly with transparent settlement, making it easier to get involved in quick market movements.

To celebrate this launch, Gate is running an exciting Event Contracts Launch Carnival with a 50,000 USDT reward pool!

Here's how you can get involved:

* First Losers Can Get Compensated: The first 2,000 users whose first Event Contract transaction results in a loss will receive a subsidy of up to 5 USDT.

* Lucky Winner Bonus: For profitable Event Contract trades, some users can win double their profit rewards! There's a cap of 500 USDT per winning trader in this special reward.

* Cumulative Trading Rewards: Users who accumulate at least 1,000 USDT in trading volume through Event Contracts can share a 20,000 USDT prize pool. The rewards are allocated based on your participation in the trading volume.

The launch carnival is active from July 21, 2024, to July 31, 2024 (UTC+8), giving you plenty of time to check out this new feature and go for some rewards.

Of course, even with a simplified mechanism like Event Contracts, markets can still be unpredictable. Always remember to manage your risk effectively and trade responsibly!

So, what do you think? Will you give Gate’s Event Contracts a try for short-term BTC and ETH plays, or are you sticking with spot and futures trading for now?

#CryptoTrading #Bitcoin #GateSquare
BTC-1.49%
ETH-0.44%
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PhantomSweeper
· 15h ago
This contract event feels pretty interesting. The 5-minute and 15-minute cycles are suitable for short-term trading, and you don’t need to worry about leverage liquidation, so the risks are much more controllable. But for beginners, it’s still best to start with small amounts and test the waters first.
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