Event Contracts are an innovative product that allows you to trade based on event outcomes. You can assess the short-term price trends of assets such as BTC and ETH.
Each event corresponds to a clear question. Simply choose the direction you believe is correct and trade. After the event ends, the system settles based on the actual outcome. If your prediction is correct, the winning contract you hold will be settled at the settlement value according to the rules.
The price range for event contracts is 0.01–0.99 USDT, reflecting the market's overall assessment of the probability of that outcome. For example, 0.65 USDT indicates that the market estimates the probability of that outcome occurring is approximately 65%.
The lower the price, the lower the participation cost; the higher the price, the greater the likelihood the market assigns to that outcome. You can flexibly participate in trading different events based on your own market judgment.
During the event, the first 2,000 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. Rewards will be distributed the next day after eligibility is met.
Rewards will be issued as double the net profits generated from Event Contracts throughout the campaign. The total prize pool stands at $20,000 with a single-user reward cap of $500. Payouts will be allocated in descending order of net profit until the pool is fully exhausted.
During the event, users whose cumulative Event Contracts trading volume (buy + sell) reaches $1,000 or more will share the $20,000 prize pool in proportion to their total trading volume, with a maximum reward of $1,000 per user.
Tutorial: https://www.gate.com/help/event-contracts/event-functional-guidelines/100581