With the start of the Tokyo Olympics, people worldwide are excited to see which country sets a new record in the end. But crypto enthusiasts and traders at Phemex also have a reason to celebrate the global phenomena of the Tokyo Olympics. Phemex has announced launching “The Phemex Olympics.” Phemex aims to bring together all kinds of people to share in the feeling of belonging to one huge community that overshadows all individual differences in the same way as the Olympics does.
The Phemex Olympics, a trading competition inspired by the international competition, will include weightlifting and sprinting events. Winners of each of the sports will be rewarded generously based on how they rank.
Let’s have a look at the detailed reward structure for weightlifting and sprinting matches of the Phemex Olympics.
The Sprinting competition is for Phemex traders who would reach 500% ROI the fastest. All you have to do to participate is sign up and start trading.
|Rank 1||2,000 USD||4,000 USD||6,000 USD||8,000 USD||10,000 USD||20,000 USD|
|Rank 2||1,500 USD||2,000 USD||3,000 USD||4,000 USD||5,000 USD||8,000 USD|
|Rank 3||1,000 USD||1,500 USD||2,000 USD||2,500 USD||3,000 USD||6,000 USD|
|Rank 4-10||500 USD||600 USD||700 USD||800 USD||900 USD||1,500 USD|
|Total||8,000 USD||11,700 USD||15,900 USD||20,100 USD||24,300 USD||44,500 USD|
In this competition, the trading volume of every individual will be tracked and ranked. Those with the highest trading volumes or the “heavy lifters” will receive bigger and better rewards.
|Rank 1||10,000 USD||12,500 USD||20,000 USD|
|Rank 2||5,000 USD||7,500 USD||10,000 USD|
|Rank 3||3,000 USD||4,000 USD||5,000 USD|
|Rank 4-6||1,000 USD||2,000 USD||3,000 USD|
|Rank 7-10||500 USD||1,000 USD||1,000 USD|
|Total||23,000 USD||34,000 USD||48,000 USD|
Note: Top 10 players of the weightlifting competition will also receive a mystery box containing unique gifts based on their ranking.
The games will begin on the Phemex platform on July 30th at 8 AM UTC and end on August 13th at 8 AM UTC. After that, the internal team will finalize the winner’s list and prize distribution after August 20th.
But before you partake in the festivities at the Phemex Olympics, make sure to read all the rules & regulations, which are as follows:
Phemex has the authority to make amendments to the rules explained above. The final amount of BTC issued would be subjected to the OTC settlement exchange rate. Phemex can adjust the converted price rightfully. One user can partake in all two trading competitions, but they will be disqualified if Phemex authorities find batch account registration and profits from market manipulation.
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