The Derivatives Exchange has announced the launch of Budget Kings Cup Global Invitational (KCGI). According to the announcement, the competition has set up a prize pool of 100 BTC and 500 million BGB and other custom-made prizes. Registration will open from October 20 to November 4 (UTC + 8) and the competition will start on October 30 from 10:00 AM to November 20 (UTC + 8) from 10:00 AM.
It is known as an annual event for global elite businessmen held under the principles of elk, fairness and competitive attitude. “The goal of this competition is to provide an equal playground for trade lovers. The competition rules are very user friendly. All traders are welcome to participate in this game. Sandra said the CEO of Budget.
Total prize pool: 100 BTC
Competitions include team battles and individual competitions, each adding a total of 100 BTC, including a prize pool of 50 BTC.
The rewards for team warfare will depend on the number of teams. 1-100 teams will unlock 10 BTC 101-300 teams will unlock 20 BTC, 301-500 teams will unlock 30 BTC. The 500+ team will unlock 50 BTC. If there are more than 0 team members, a captain can form a team to join the battle. During the registration period, eligible users can choose their favorite captain to win prizes through Future Trading.
The total prize team will be divided among the ten teams with the highest profits. Within each team, the captain can receive 10% of the team’s total prize. The remaining prizes will be distributed according to the profit ratio of the other players. The first place will share 30%, the second place 20%, the third place 10% and the fourth-tenth places will share the remaining 30% according to their profit ratio. Among them, the top 7 team captains in terms of revenue can also get customized NFT. For the top 3 ranked teams by trading profit, each of the team’s top 3 profit contributors can get a PS5 game console.
Individual competitions are divided into Super Leader (Ranking Ranking by PNL%) and Super Hero (Ranking Ranking by Profit) sessions. The total prize pool is 50 BTC each, which will be published according to the number of participants. 10,000 participants will unlock 5 BTC, 10,000-20,000 participants will unlock 10 BTC, 20,000-30,000 participants will unlock 20 BTC, 30,000+ participants will unlock 50 BTC.
The total prize pool will be shared by a maximum of 10 teams / participants with maximum PNL% and profit, respectively. In each session, the top 1 can share 40%, the second place 20%, the third place 10% and the fourth-tenth places will share the remaining 30% according to their trading volume or profit ratio. Top 3 traders can adopt DJI drones or HHKB keyboards etc. It is worth noting that users who participate in team battles are also eligible to participate in individual competitions and share prizes.
Special benefits: 5 million BGB
To attract more regular and new users, there are additional events like City Assembly, Lords Assembly, Airdrop for All, Lucky Lottery, Post-Competition Bonus and Early Bird Benefit, which offer a total of 5 million BGB. All participants have the opportunity to win cool electronic devices and NFTs featuring the competition.
City Assembly: For the category of the most winning seats in the Territory War, all participants in the division will receive an airdrop of 50BGB on a first come, first served basis. AirDrop’s total supply is 500,000 BGB. Lord’s Assembly: The BGB will unlock a pool of rewards if the team’s lords (captains) can get active users. The top 1 team prize pool will be doubled. Within each category, the top 10 captains will receive a special benefit package to be “signed” from the budget as a co-ambassador for the next trading competition in order to receive new users.
Participants whose competition will reach a total trading volume of 50,000 USDT will follow our official Twitter account and receive an airdrop of 99 BGB by joining our Telegram. The total supply of Airdrop is 1 million BGB. Users can earn points by completing tasks. For every 3 points, participants will be eligible for the “Lucky Lottery” from Maybits NFT, HTC-VIVE VR specs, DJI drones, PS5 game consoles and HHKB keyboards.
At the end of the contest, participants who have a net deposit of 2000 USDT and a trading volume of less than 500,000 USDT at the time of the contest will have the opportunity to custom-create a special NFT for the first trading contest of the budget. In addition, Budget Early Bird has provided benefits. Captains who sign up and complete their team formation 5 days before the competition will receive 50 USDT trial funds for the future before the competition, while those who sign up 5 days before the competition will receive 20 USDT.
Theme for KCGI-2021: Fight pixel penetration
The theme of KCGI 2021 is “Protect the Earth Against Pixel Attacks”. It tells a story that Quantum Civilization planned to invade Earth six light years away with its advanced weapons that could quickly transform entities into pixels. Seven young men from different countries form strong battle teams, each mastering one of seven different basic skills: silicon, gold, earth, air, water, fire, and lightning to defend the earth.
Budget used it as a backdrop to create a set of NFT artworks that represented different forces and objects in the story. Collections will be given as prizes to captains and lucky users who have performed well in team battles.
About the budget
Budget is among the fastest growing derivatives exchanges, with 1.6 million registered users worldwide and an average of 6 5.6 billion in transactions per day. Better Trading, with Better Life’s mission, is committed to providing generous, final and fair trading services, including budget futures trading, spot trading and digital asset purchases.
As a platform for perfection and innovation, Budget has pioneered the three flagship products of USDT-Margin Futures, One-Click Copy Trade and Quanto Swap Futures to provide the best service to users. It is now the sixth largest derivative exchange and the largest crypto asset copy trading platform in the world.