In order to provide you with a richer trading variety, BitWell will go live with Solana (SOL) perpetual contracts and open a trading competition. The details are as follows:
- Launch date: November 23, 2021, 10:00 UTC time
- Contract type: USDT-margined contract
- Contract specifications: SOL perpetual contract multiplier of 0.1, that is, each contract face value of 0.1 SOL, price accuracy of 3, the minimum transaction number of 1
- Margin: SOL perpetual contracts share margin with other perpetual contracts, and mixed margin function can be supported
Perpetual Contracts Trading Competition
Time: November 23, 10:00 – November 30, 10:00 UTC time
Event I. New users can trade and win 2,000 USDT
During the event period, those who open and trade SOL / USDT perpetual contracts for the first time with a cumulative transaction amount of not less than 2,000 USDT will receive a 10 USDT bonus, limited to the first 200 people.
Event 2. Trading Ranking Competition, Share 3,000 USDT Reward
During the event period, the top 200 users with SOL / USDT perpetual contract trading volume ≥ 2,000 USDT will share 3,000 USDT reward.
- 1st place (perpetual trading volume ≥ 500,000 USDT): 800 USDT bonus
- 2nd place (perpetual trading volume ≥ 300,000 USDT): 400 USDT bonus
- 3rd place (perpetual trading volume ≥ 100,000 USDT): 200 USDT bonus
- 4th – 200th place: share the remaining rewards according to the ratio of transaction volume, the maximum reward for a single person is 50 USDT
During the activity period, if there are cheating behaviors such as bulk-registration of accounts, self-buying and self-selling, wash trading, or irregularities that affect the normal operation of the activity, the platform will immediately cancel the award qualification, and the account will be frozen if the situation is serious.
Within 7 days after the end of the activity, BitWell will confirm the users who meet the conditions by the system, and the rewards will be automatically distributed!
BitWell has the final right to explain this activity.
Click to view the BitWell Perpetual Futures Contract Rules.
Digital assets are innovative blockchain products with high price fluctuations, please judge your risk bearing ability rationally and make prudent trading decisions.
BitWell is not responsible for any losses caused by price fluctuations when buying, selling or holding digital assets.
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.
Solana is known in the cryptocurrency space because of the incredibly short processing times the blockchain offers. Solana’s hybrid protocol allows for significantly decreased validation times for both transaction and smart contract execution. With lightning-fast processing times, Solana has attracted a lot of institutional interest as well.
SOL is a token for Solana, which uses a delegated proof-of-interest consensus algorithm to incentivize token-holders to verify transactions. As part of Solana’s security design, all fees will be paid in SOL and burned, reducing the total supply. This deflationary mechanism encourages more token holders to take equity stakes, thus improving cybersecurity.
BitWell is committed to building a fair and transparent global digital asset trading platform, providing investors with secure, convenient and intelligent blockchain derivatives trading services.
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