Industry Watch, Tutorial 19 July, 2021 – 20:34

Nami Futures Trading Contest is back with a total prize up to 1 billion VND

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Dear Nami Community,

After a series of exciting promotions in June, Nami Corporation continues to bring users and the community an attractive activity with a total prize of up to 1 billion VND.

Nami Futures Trading Contest has returned with the name of Futures Racetrack – a race for futures traders with the slogan “Break yourself on every transaction”.

Accordingly, Nami Corporation will open the registration portal for teams participating in Futures Racetrack from 00:00:00 on 17.07.2021 to 23:59:59 on 25.07.2021 (Vietnam time).

Team captains can register through the contest website:

https://nami.exchange/event/racetrack

The captains have 1 week to register their teams in this exciting race, after that time Nami will close the registration portal for the team to be ready for the race to take place. The individual registration portal will be open for the duration of the contest.

I. Tournament Rules

The total prize pool will automatically increase according to the number of people registered to participate in the contest. The more users participate in the contest, the bigger the prize will be and the biggest milestone is 1 billion VNDC.

Participants Prize Pool (VNDC)
200 50,000,000
500 100,000,000
1,000 250,000,000
1,500 350,000,000
2,000 500,000,000
3,000 700,000,000
4,000 1,000,000,000

II. Rules for Teams

Team Awards

 

First Place

25% of the total 

prize pool

Second Place

15% of the total

prize pool

Third Place

8% of the total

prize pool

Top 4 to 10

30% of the total

prize pool

  1. Team Awards are awarded based on Team PnL (Team PnL)
  2. Formula to calculate Team PnL:

Team PnL = Average Personal PnL of Top 10 Highest PnL Members in Team

    3. Formula to calculate Personal PnL:

Personal PnL = PnL of closed orders + PnL of open orders

    4. 78% of the total prize pool will be allocated to pay the team prizes.

    5. The prize distribution structure for the team is as follows:

    –  Teams with less than 20 members:

  • 40% for Captain
  • 60% divided equally among team members

    – Teams of more than 20 members:

  • 40% for Captain
  • 30% for Top 10 members
  • 30% divided equally among the rest of the members

  6. Accounts with total leveraged trading volume below 100,000,000 VNDC (4,200 USDT) during the contest period will not be eligible to receive any prizes. Unallocated prizes will not be distributed to others

  7. Nami reserves the right to decide on awarding prizes

Nami has a brand new bonus for Captains. Any individual who forms a team will receive prizes that vary by team size.

Team member Rewards for Captain
10 2,000,000
20 5,000,000
30 8,000,000
50 10,000,000
80 20,000,000
100 30,000,000

Rules for Team Captains:

  1. All Team Member Trading Accounts must have a Futures wallet balance of at least 1,000,000 VNDC or 42 USDT at the start of the contest.
  2. Only team members with a total leveraged trading volume of 100,000,000 VNDC (4,200 USDT) or more during the tournament period will be counted as eligible members for the captain bonus.
  3. The prize for the captain with the number of members of the team will be distributed in VNDC.
  4. Nami reserves the right to decide on awarding prizes.

III. Regulations for Individual Awards

Individual Awards


First Place

8% of the total

prize pool

Second Place

5% of the total

prize pool

Third Place

2% of the total

prize pool

Top 4 to 10

7% of the total

prize pool

  1. Individual awards are awarded based on Personal PnL
  2. Formula to calculate personal PNL:

Personal PnL = PnL of closed orders + PnL of open orders

    3. 22% of the total prize pool will eventually be allocated to pay for individual prizes:

    • First place receives 8% of the total prize,
    • Second place receives 5% of the total prize,
    • Third place receives 2% of the total prize,
    • Top 4-10 split 7% of the total prize.

   4. Nami reserves the right to decide on awarding prizes

Conditions of participation:

  • All participants must open a Nami Exchange account and have at least 1,000,000 VNDC or 42 USDT in Nami Futures wallet when registering for the contest.
  • Only players with a total leveraged trading volume of at least 100,000,000 VNDC or 4,200 USDT during the course of the tournament will be counted and qualified for the prize.


IV. Tournament time

  • Team registration period: From 00:00:00 on 17.07.2021 to 23:59:59 on 25.07. 2021 (Vietnam time)
  • Competition period: From 00:00:00 on 26.07.2021 to 23:59:59 on 26.08.2021 (Vietnam time)
  • Announcement and awarding period: From 27.08.2021 to 03.09.2021 (Vietnam time)

Wish the community a successful futures trading month!

About Nami Corporation

Nami Futures of Nami Corp was established in Singapore in 2017, specializing in research and development for Crypto and Forex trading solutions.

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