BingX Christmas Gala Night 2021

Event Schedule: 00:00 Nov 26, 2021 - 00:00 Dec 26, 2021 (UTC+8)

Event Details

1.Check in to Win Christmas Surprise Boxes

1) Check-in consecutively for 1, 3, 7, 10,15 & 20 days to get Christmas Surprise Boxes that contain a bonus prize and/ or limited Christmas NFT shards.

Tips:

a.If you miss a day, your daily check-in will be reset;

b.The Surprise Boxes in this check-in event can be claimed repeatedly.

Example: User A checked in for 6 days consecutively and got the Surprise Boxes on Day 1 and Day 3. However, user A missed the daily check-in on Day 7, resulting in a reset of the daily check-in counter. When user A checks in again on another day, user A will be able to get the Day 1 Surprise Box again.

2）Trade to Win Christmas Surprise Boxes

Christmas Surprise Boxes will be unlocked to users whose cumulative trading volume hits a certain level during the event. ( The Surprise Box of each category below can only be obtained once.)

Surprise Box

Total Trading Volume (USDT)

1

10,000

2

100,000

3

500,000

4

2,000,000

5

10,000,000

Tips:

a.Users whose cumulative trading volume hits the corresponding category can win the surprise box with a bonus (without unlock conditions) prize or a BingX NFT (or NFT shard) in it. Of which, Surprise Box #5 will guarantee the BingX Christmas NFT Shard #5;

b.The statistics of trades with a holding period of less than 1 minute and trades performed by using bonuses are excluded;

c.Only USDT-margined Contract trades are included in the statistics of this event.

2.Individual Rankings

Available Only upon Successfully Sign-up

1) Sign-up Notes

To participate in the Individual Rankings, please read the following tips carefully.

a.There are two separate rankings for this Individual Match, Profit Rate Rankings and Profit Rankings;

b.All deposits and withdrawals during the event will impact the statistics of users' profit rate;

c.The prizes of Individual Rankings will be issued within 48 hours after the event;

d.BingX reserves the right to disqualify any users involved in unfair activities, including but not limited to: multiple accounts, impersonation, malicious manipulation.

2) Terms & Conditions

a.Sign-up Start Date: 00:00 Nov 26, 2021 (UTC+8)

    Registration End Date: 00:00 Dec 26, 2021 (UTC+8)

b.Event Start Date: 00:00 Dec 11, 2021 (UTC+8)

    Event End Date: 00:00 Dec 26, 2021 (UTC+8)

c.Sign-up is required to join this event. Users will get a bonus if they sign up successfully before the event start;

d.The statistics of trades with a holding period of less than 1 minute and trades performed by using bonuses are excluded;

e.This Individual Match is separated into Profit Rate Rankings and Profit Rankings. Prizes will be issued based on the final ranking lists;

Profit Rate Ranking Calculation

a) Profit Rate = [Net Assets at Settlement - Other Incomes - (Initial Net Assets + Deposits) + Withdrawal] / (Initial Net Assets + Deposits) 

b) Initial Net Assets: The users' NAV at the starting point of the event (unrealized PnL included)

c) Current Net Assets: The users' NAV at the ending point of the event (unrealized PnL included)

d) Deposits: Accumulated deposits during the event, which includes deposits, transfer, exchange, invitation commission, and bonus profits

Profit Ranking Calculation

Individual Profit Amount = Current Net Value ( unrealized PnL included) - Initial Net Value + Cumulative Withdrawal during the Event - Cumulative Deposits during the Event - Profit Generated from Bonus Orders during the Event. 

Since the net value calculation takes time, there may be a delay in updating the profit amount.

Note: Only USDT-margined Contract trades are included in the statistics of this event.

e.Prize List

a). Profit Rate Rankings (TOP10)

Rankings

Prize

1st

50,000 USDT

2nd

30,000 USDT

3rd

20,000 USDT

4th & 5th

10,000 USDT

6th & 7th

5,000 USDT

8th, 9th & 10th

2,000 USDT

 

b). Profit Rankings (TOP10)

Rankings

Prize

1st

50,000 USDT

2nd

30,000 USDT

3rd

20,000 USDT

4th & 5th

10,000 USDT

6th & 7th

5,000 USDT

8th, 9th & 10th

2,000 USDT

(The prizes of Individual Rankings will be issued within 48 hours after the event.）

f.Any users involved in unfair activities, such as using multiple accounts or impersonation, will be removed;

g.BingX reserves the right to the final interpretation for this event.

3.Team Rankings

1) Sign-up Start Date: 00:00 Nov 26, 2021 (UTC+8)

    Sign-up End Date: 00:00 Dec 11, 2021 (UTC+8)

2) Event Start Date: 00:00 Dec 11, 2021 (UTC+8)

    Event End Date: 00:00 Dec 26, 2021 (UTC+8)

3) Sign-up Notes

Users can choose to build/ join a team in the Team Rankings; the decision is irrevocable. A minimum of 5 members is required to start a team. Team Rankings will be based on the total team profit, and prizes will be issued based on the final Ranking.

a.Team Leader Requirements: Account Assets ≥ 100 USDT and a total trading volume > 5,000 USDT from the start point of sign-up to the start point of the Team Rankings;

b.Leaders of the Top 50 teams in terms of member number will be awarded the limited edition of BingX NFTs;

c.The team with less than 5 members will be disbanded automatically once the event starts, and the users will not be able to join another team thereafter;

d.After joining a team successfully, users cannot change their team or quit the original team.

4）Event Details

The statistics of the Team Rankings will include all positive profit generated from the members.

5）Prize 

a.Prize Pool

Rankings

Prize Pool

1st

100,000 USDT

2nd

50,000 USDT

3rd

30,000 USDT

4th & 5th

20,000 USDT

6th & 7th

10,000 USDT

8th, 9th & 10th

5,000 USDT

b.Prize Details

20% of the prize pool will be allocated to the leader. The remaining 80% will be shared among the team ( leader included) according to the ratio of a member's positive profit amount to the sum of the team members' positive profit amount.

 

Team Profit Calculation

Team Profit Amount = All positive profit generated from the team members

Member Profit Amount = [NAV (Unrealized PnL included) - Initial Net Assets (Unrealized PnL included) + Cumulative Withdrawal during the Event - Cumulative Deposit during the Event]

Deposit: Cumulative Deposit during the Event (including transfer, bonus, fee, asset exchange)

Withdrawal: Cumulative Withdrawal during the Event (including all withdrawal and asset exchange)

Initial Net Assets: The net assets in the user's Standard Contract Account at the starting point of the event.

How to Join a Team?

All registered users can join any team by simply clicking the "Join" button on the Teaming Rankings page. 

Please note after joining a team successfully, users cannot change their team or quit the original team.

The team with insufficient members will be alerted 24 hours before the event starts. Any teams with less than 5 members will be disbanded automatically 10 minutes before the event begins.

Disclaimer: The market analysis provided by any team leaders does not represent the official opinion of BingX. BingX will not be liable for any losses incurred by any team member.

How to Become a Leader?

Click the "Build My Own Team" button at the Teaming Rankings page to create your own team.

You can invite friends to join your team via the invitation link once you have successfully started a team.

If your team has less than 5 members, it will be disbanded automatically 10 minutes before the event starts.

  1. My NFT

1）Limited Edition NFTs 

The limited edition of 500 BingX NFTs and 100 BingX Christmas NFTs will be issued for this event, obtainable via Surprise Boxes or Individual Rankings Prizes. Additionally, the NFTs can be exchanged into USDT at the official buyback rate or withdrawn to the users' wallets.  ( Buyback or withdrawal of NFTs to wallet will end within 48 hours after the event. Please perform the mentioned transactions in time.)

BingX NFT Specification

Type

QTY

Buyback Rate

Common

200

10 USDT

Uncommon

150

20 USDT

Rarely

100

50 USDT

Legendary

50

100 USDT

Limited Christmas NFT

100

1,000 USDT

 

2）NFT Introduction

NFT means Non-Fungible Token. It is collectible and has a transaction value. 

Common tokens such as BTC, ETH are fungible. There is no difference between each BTC or ETH and they are interchangeable. In contrast, the significant feature of NFT is that each NFT has a unique and sole identifier, which is non-interchangeable.

Due to the irreplaceable characteristics of each NFT, it has a collection and transaction value. NFT is gradually receiving more and more attention, with very practical and potential application prospects in the field of games, collectibles, artwork, identity, etc.

 

FAQ

Q1: How to Check-in?

A: Go to the event's page, hit the "Check In" button on the popup to check in successfully and get the corresponding reward.

Q2: What if I break my daily check-in streak?

A: If you miss a day, your daily check-in will be reset. Users can claim the corresponding Surprise Box in this check-in event repeatedly.

Q3: How to calculate my cumulative trading volume?

A: Users whose cumulative trading volume hits a certain level will win Christmas Surprise

 Boxes. The trading data are updated 1 minute after a position is opened. Please note the statistics of trades with a holding period of less than 1 minute and trades performed by using bonuses are excluded.

Q4: Can I withdraw funds during the event?

A: There are no restrictions on deposit, withdrawal, and asset exchange during the event. However, your profit rate may be affected by the mentioned transactions. Please be aware of possible impacts on your ranking.

Q5: Can I win both the individual and team ranking rewards?

A: Yes.