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To thank our users for their ongoing support of Gate Perp DEX, we are launching the "King of Longs and Shorts: Individual Championship" event! Whether you’re a steadfast bull or a sharp-eyed bear, this is your ultimate stage to showcase trading prowess. No teams required—compete solo for your share of a prize pool worth tens of thousands of dollars!
Event Period: November 27, 2025, 11:00 UTC – December 25, 2025, 11:00 UTC
Participation Requirements: All Gate users can join by simply connecting their wallet and registering on the event page.
Event 1: Trading Competition—King of Longs and Shorts Leaderboard
During the event, all profitable closed trades on Gate Perp DEX will be recorded and used to calculate each participant’s "Long-Short Points." These points are the core metric for this event, determining all rankings and rewards.
1. Point Calculation Rules:
- Points per trade = Net profit per trade (USDT) × Direction coefficient
- Long position profit: Direction coefficient +1
- Short position profit: Direction coefficient –1
- Total points are the sum of all profitable trades during the event
- A positive total indicates net long profit; a negative total indicates net short profit
2. Rewards Structure:
"King of Longs and Shorts" Overall Leaderboard (ranked by positive points, highest to lowest)
- 1st place: 8,000 USDT
- 2nd place: 4,000 USDT
- 3rd place: 3,000 USDT
- 4th–10th place: 1,000 USDT each
- 11th–30th place: 500 USDT each
"Directional Star" Special Leaderboard (ranked by net points)
- Long Star Leaderboard (ranked by positive points):
1st place: 1,000 USDT
2nd–5th place: 300 USDT each - Short Star Leaderboard (ranked by negative points):
1st place: 1,000 USDT
2nd–5th place: 300 USDT each
Lucky Participation Award
Any user who completes at least three profitable trades during the event will automatically enter the random draw pool. 200 lucky winners will be randomly selected from eligible participants, each receiving 30 USDT.
Event 2: Invite Friends—Team Up for Bonus Rewards
Participants can claim a unique invitation link on the event page and invite friends to join. If a friend registers through your link and completes at least one profitable trade, the invitation is considered valid. For each successful invite, you’ll earn 5 USDT; invite 5 valid friends and receive an additional bonus of 25 USDT.
Additionally, the top 10 users with the most valid invites will each receive an extra 60 USDT.
Event Details:
- Participants must click the "Join Now" button on the event page to register and complete identity verification to receive rewards.
- To ensure fairness, the number of wallets associated with a single IP address is strictly monitored. Abnormal multi-account activity will be deemed a violation and registration eligibility will be restricted.
- All airdrop rewards will be distributed within 14 business days after the event concludes.
- Net contract trading volume = Opening trade volume + Closing trade volume.
- USDT airdrops from all tasks can be stacked.
- In the trading leaderboard, if no participant meets the minimum individual contract trading volume requirement, the corresponding airdrop reward will not be issued. Eligible users will receive fixed rewards in order of completion time.
- Please note: leaderboard rankings displayed in real time are not filtered by the minimum individual contract trading volume requirement and do not represent final results. Actual rewards will be based on the final verified winners list.
- "New users" may not create multiple wallet accounts under the same identity to participate. Deleting an existing wallet account does not qualify as a "new user."
- Gate reserves the right to disqualify any participant engaging in fraud, manipulation, or deceptive practices, including but not limited to wash trading, improper matching, bulk account registration, or other abnormal methods of participation. Suspected fraudulent activities such as self-trading, order spoofing, matched trades, or market manipulation will result in disqualification and forfeiture of airdrops.
- If a user participates in multiple events simultaneously, only one airdrop may be claimed, with priority given to the highest value. The platform reserves the right of final interpretation for all event terms.
- In case of discrepancies between translated and English versions, the English version shall prevail.
- Risk Warning: Cryptocurrency trading is affected by market, policy, and other factors. Market volatility is high and price movements are unpredictable. Please be aware of market risks and trade cautiously. For more trading information, refer to the Gate Perp Dex User Guide.
