Long vs. Short: The Ultimate Crypto Battle — MEGABIT’s First Long vs. Short Trading Competition, Grab 6,500 USDT Prize Pool! （Ended）

Dear Users,

When the market is shrouded in uncertainty, only the sharpest minds prevail! Join the MEGABIT Long and Short battlefront, where your trading decisions will put your market instincts to the test. Whether you go long or short, the victors will win the rewards, and even the defeated will leave with honor!

Event Details:

Event Period: March 13, 2025, 00:00 – March 20, 2025, 00:00 (SGT)

Reward Distribution: Within 7 working days after the event ends

Eligibility: All MEGABIT users

Prize Pool 1: Long vs. Short Battle – 2,000 USDT Prize Pool

Rules:

• Trading Pairs: BTC/USDT, ETH/USDT futures trading (data recorded until event ends)
• Winning Criteria: The team with the highest cumulative long or short futures trading volume wins.
• Reward Distribution: The top 200 contributors from the winning team will share the prize pool based on their trading volume contribution.
• Ranking Calculation: Only the volume from the winning side will be counted.
  • Example: If a user holds 5 long positions and 2 short positions, and the long team wins, only the 5 long positions will be counted for ranking.

Prize Pool 2: Long vs. Short Strategy Battle – 4,000 USDT Prize Pool

Rules:

• Trading Pairs: BTC/USDT, ETH/USDT futures trading (data recorded until event ends)
• Winning Criteria: The team with the higher overall win rate across all long and short positions on the platform wins.
• Reward Distribution: The top 200 contributors from the winning team will share the prize pool based on their trading volume contribution.
• Ranking Calculation: Only the volume from the winning side will be counted. (Example as above)

Prize Pool 3: Resilient Traders Award – 500 USDT Prize Pool

Rules:

• Consolation Reward: From the losing teams in the previous two battles, the top 5 traders (by trading volume) will be selected.
• Special Prize: A total of 10 resilient traders who fought against the trend will equally grab this Prize Pool.

How to Participate:

Step 1: Log into your MEGABIT account
Step 2: Trade the specified futures pairs during the event period
Step 3: Your trades will automatically be counted toward either the Long or Short team’s performance

Terms and Conditions:

1. Participants must comply with MEGABIT Exchange Risk Control Rules. Any attempt to manipulate results by using single or multiple accounts for hedging strategies will lead to disqualification and risk control actions on the account.
2. Trading volume is calculated as closing price × quantity, only including futures trades that generate transaction fees.
3. All rewards will be distributed within 7 working days after the event concludes.
4. Each UID is eligible for rewards only once. In the event of duplicate winnings, the prize will be passed down to the next eligible participant.
5. MEGABIT will conduct a strict review of all participants. Any fraudulent behavior, including mass account registrations, malicious trading, exploitation, illegal activities, or any form of cheating, will result in disqualification and reward cancellation.
6. MEGABIT reserves the right to modify or adjust the event terms, including but not limited to cancellation, extension, termination, temporary suspension, eligibility criteria, reward selection, and any other necessary changes.
7. MEGABIT holds the final interpretation rights for this event. For any inquiries, please contact MEGABIT customer support.

Are you ready for the ultimate Long vs. Short Showdown? Prove your trading skills and claim your share of the 6,500 USDT prize pool! 

For any questions, feel free to contact the MEGABIT Official Support Team.

MEGABIT Team
March 12, 2025

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