Competition schedule

• Team captain registration phase:May 17, 2024, 12:00 AM – June 6, 2024, 11:59 PM (UTC+8)
• Early bird period: May 24, 2024, 12:00 AM – May 25, 2024, 11:59 PM (UTC+8)
• Team member registration phase:May 24, 2024, 12:00 AM – June 6, 2024, 11:59 PM (UTC+8)
• Delayed registration phase for team members: June 7, 2024, 12:00 AM – June 12, 2024, 11:59 PM (UTC+8).
• Competition phase:June 7, 2024, 12:00 AM – June 27, 2024, 11:55 PM (UTC+8)

Team formation requirements

• To become a team captain or join a team, users must have at least 100 USDT in futures assets. Joining a team or becoming a team captain automatically registers you for all other events. Separate registrations for other events are not allowed.
• To successfully participate in the team competition, each team must have a minimum of 10 members, including the team captain.
• Team members will not be able to participate in the team competition if their teams have less than ten team members. Team members can continue to participate in individual competition, new user competition, daily tasks, and other activities.
• The team's competition data will be calculated once a team that initially has less than 10 members reaches 10 members during the delayed registration phase.
• During the registration phase, team members can choose to leave their original team and join another team, and captains can choose to dissolve the team or remove specific members.
• Sub-accounts, market makers, brokers, and institutional accounts are not eligible to register for the promotion.

Prize pool allocation

• Team ROI reward: Accounts for 30% of the overall prize pool, and will be divided among the top 10 teams based on their ROI ratio. The winning team's captain receives a 10% share exclusively, while the 40% is divided among team members ranked in the top 10 in terms of ROI. The remaining 50% is shared among members who meet the trading volume criteria.
• Team trading volume reward: Accounts for 30% of the overall prize pool, and will be divided among the top 10 teams by their trading volumes. The winning team's captain receives a 10% share exclusively, while the 40% is divided among team members ranked in the top 10 in terms of trading volume. The remaining 50% is shared among members who meet the trading volume criteria.
• Individual ROI reward: Accounts for 15% of the overall prize pool, and will be divided among eligible participants ranked in the top 100 in terms of individual ROI.
• Individual trading volume reward: Accounts for 15% of the overall prize pool, and will be divided among eligible participants ranked in the top 100 in terms of individual trading volume.
• Newcomer ROI reward: Accounts for 5% of the overall prize pool, and will be divided among eligible newcomers ranked in the top 100 in terms of individual ROI.
• Newcomer trading volume reward: Accounts for 5% of the overall prize pool, and will be divided among eligible newcomers ranked in the top 100 in terms of individual trading volume.
• Recruitment master award: The team captain will receive a crypto voucher as a reward if the team's valid membership (futures trading account remains active for no less than five days) meets the required number of team members.The rewards will be distributed to the top 100 eligible teams based on the valid membership ranking.
• Newcomer recruitment award: The team captain will receive a crypto voucher as a reward if the team's valid new users (futures trading account remains active for no less than five days) meet the required number of team members.The rewards will be distributed to the top 100 eligible teams based on the valid membership ranking.
• New user: Defined as individuals who sign up on Bitget and successfully register for KCGI after May 15, 2024, 12:00 AM (UTC+8).
• Early-bird reward: The first 3 team members (excluding team captain) to join one of the first 200 teams formed in the early-bird stage will receive 10 USDT in futures trading bonuses. Team members whose team has less than ten members at the start of the competition will not be eligible for the early-bird reward.
• Task completion award: All users who register within the specified period, hold at least 100 USDT in their futures account, and successfully form a team at the start of the competition will receive trading bonuses.
• During the competition, each participant must achieve a total futures trading volume of no less than 30,000 USDT to qualify for a share of the prize pool. (Participants who do not reach a trading volume of 30,000 USDT will only be included in the final rankings, but will not receive a prize.)
• Rewards: USDT trading bonuses will be distributed for team trading volume reward, team ROI reward, individual ROI reward, individual trading volume reward, newcomer ROI reward, and newcomer trading volume reward. BGB will be distributed for recruitment master award and newcomer recruitment award.

Calculation rules

• Team ROI = Total ROI of the top 10 members ÷ 10 (If any members among the top 10 have trading volumes less than 30,000 USDT or negative ROI, they are excluded from the calculation). If there are fewer than 10 members meeting the criteria in a team, the average is still based on 10 members.
• Team member ROI = PnL ÷ (initial net value + futures account deposits during the competition period) x 100%.
• PnL = (account final net value (including unsettled PnL and trading bonus) - initial net value (including unsettled PnL and trading bonus) + futures account withdrawals during the competition - futures account deposits during the competition) + bot unrealized PnL
• Initial net value: The net value of futures assets held in the user's account for more than five minutes prior to the start of the competition will be calculated as initial net value.
• Users must have at least 100 USDT in their futures account to register. When the account's initial net value is less than 100 USDT, the ROI will be calculated based on 100 USDT.
• Account net value: The value is calculated every 5 minutes up until the end of the competition.
• Team trading volume: The total trading volume of the top 10 users in terms of team trading volume + the total trading volume of other users exceeding 30,000 USDT × 10%.
• Individual/Newcomer ROI = PnL ÷ (initial asset (including unsettled ROI) + futures account deposits during the competition) x 100%.
• Individual/Newcomer trading volume: The total trading volume of all orders placed during the competition (converted to USDT).
• Deposit: The total deposit amount in the futures account during the competition.
• Withdrawal: The total withdrawals from the futures account during the competition (including transfers to other accounts).
• Only the assets in the futures account will be calculated.
• Transferring funds to a futures account counts as a deposit, while transferring funds from a futures account to a spot or other account counts as a withdrawal.

Other rules

• During the registration phase, if a team has less than ten members, members can choose to leave the team and join other teams. The team captain can disband the team or remove team members. During the delayed registration phase, teams with less than ten members can join the competition once they reach ten members. However, team members cannot leave their teams, and the captain cannot disband the team or remove team members.
• Bitget will conduct a review of all users and promptly disqualify those who employ any technical means, including but not limited to electronic, robotic, repetitive, or automated methods for the purpose of registration, trading, or reaching promotion goals. Such disqualification will be applied even if users employ malicious means for only part of their registration or participation.
• Daily Rewards activity rewards will be distributed within seven working days after users win them. Task completion awards and early bird rewards will be distributed within seven working days after the competition starts. Recruitment master awards, newcomer recruitment awards, and rewards for team battles, individual competitions, and newcomer challenges will all be distributed within seven working days after the promotion ends. If you do not receive your rewards within the corresponding distribution period, it means that, upon review, you failed to meet the corresponding requirements. Contact customer service if you have any questions.