Over recent years, Phemex has been expanding its presence in the crypto trading space, solidifying itself as a major player in the DeFi sector. With over 5 million users worldwide, Phemex is now ready to offer its biggest futures trading competition yet.
Phemex has kicked off its high-stakes Futures Trading Competition, offering traders the chance to compete for a prize pool of up to 5,000,000 USDT.
The opportunity is available to both experienced and noobie traders, who will get to test their trading skills on the platform, either by competing solo in the Individual Challenge or joining forces in the Team Battle. Top-performing traders will be rewarded based on trading volume, PNL (profit and loss), and ROI (return on investment).
How It Works
Participants can choose their path—either joining the Team Challenge or competing solo in the Individual Challenge. Also, less-experienced traders will have a chance to earn rewards through the Newcomer Challenge.
The competition prize pool unlocks progressively based on the number of participants, ensuring bigger rewards as more traders join. The key details of prize distribution include:
- Team Rewards: The top 10 teams will share 60% of the prize pool ($3,000,000), with team leaders receiving a 20% cut, and the remaining amount split among members based on performance.
- Individual Rewards: The top 100 individual traders will claim 30% of the prize pool ($1,500,000), based on their trading volume and PNL.
- Newcomer Rewards: 10% of the prize pool ($500,000) will be allocated to the top 100 newcomers, encouraging fresh participants to join the action.
Additional Rewards & Incentives
Beyond standard rankings, Phemex is offering special bonuses to early registrants and recruiters, including:
- Early Bird Incentive: Traders who register early and hit 30,000 USDT futures trading volume will receive a 20 USDT trading bonus.
- Recruitment Master Award: Team leaders who bring in new, valid users can earn up to 1,200 USDT.
- Newcomer Recruitment Award: Recruiting new team members could net leaders up to 1,500 USDT.
- Team Recruitment Award: The first 100 teams that successfully recruit 10 members will get 30 USDT rewards for their leaders.
Competition Schedule
The competition is structured in different phases, allowing traders to register early, form teams, and strategize before jumping into active trading.
- Warm-up Period: May 27 – May 30
- Early Bird Registration: May 30 – June 2
- Team Leader Registration: May 30 – June 8
- General Registration: May 30 – June 9
- Late Registration: June 9 – June 19
- Competition Period: June 9 – June 30
The Early Bird registration phase is set to start in only a couple of days. Traders looking to join in and get rewards can already start preparing for this exciting opportunity. With millions in rewards and plenty of opportunities to win, the Phemex Futures Trading Competition is set to be one of the biggest events for crypto traders in 2025.
Register now and secure your chance to earn major prizes while showing off your trading expertise!
