#EventContracts1%Reward Gate’s Contract Carnival Competition is now live and runs from August 26 at 14:00 until September 2 at 08:00 UTC+8. The event offers a total prize pool of 200,000 USDT along with 1 percent trading volume rewards for participants who meet the stated conditions.

New users receive a first-order loss compensation. The first 2,000 new users whose opening trade results in a loss can claim reimbursement based on the actual amount lost, capped at 5 USDT per person.

The core of the competition is the Peak Trading Competition. A 100,000 USDT leaderboard prize pool distributes tiered rebates according to trading volume ranges. Any participant who reaches at least 1 million USDT in trading volume is guaranteed a 1 percent reward on that volume. Users who do not finish high enough on the leaderboard still share a separate 50,000 USDT pool in proportion to their trading volume, with an individual maximum of 500 USDT.

Daily tiered benefits provide additional incentives. Tier A requires a daily trading volume of at least 500 USDT and pays 2.5 USDT for each qualifying day. Tier B raises the threshold to 1,000 USDT and pays 10 USDT per day. Participants must meet the volume requirement on at least three separate days to claim these rewards. Consistent Tier B performance across the entire event period can yield a maximum of 70 USDT from this category alone.

A daily check-in prize pool of 10,000 USDT is available for users who complete at least three trades and reach a daily volume of 20 USDT or more. Those who check in on three or more cumulative days share this pool according to the platform’s allocation rules.

The structure rewards both high-volume traders and consistent daily activity. Larger volumes open access to the guaranteed 1 percent rebate and the main leaderboard, while smaller but regular trading unlocks the tiered daily payments and the check-in share. New users gain a limited safety net on their first order.

Participation requires an account on the platform and adherence to the official event terms. Trading volume is calculated solely on the contracts specified by Gate for this carnival. All rewards are subject to verification, eligibility checks, and the platform’s final decision. Cryptocurrency contract trading involves substantial risk of loss and is suitable only for participants who understand leveraged products and can afford potential capital reduction.

The event window is limited. Those who meet the volume and activity thresholds during the stated dates stand to claim a portion of the 200,000 USDT total pool according to the published tiers and sharing mechanisms.