Invite Friends to BTC/USDT Spot Grid Trading and Share a 50,000 USDT Reward!
Dear KuCoin Users,
We’ve got great news! A new range of KuCoin Trading Bot updates has arrived!
The latest updates to KuCoin Trading Bots are now available on the web and iOS versions.
The minimum for BTC/USDT Spot Grid investment has been lowered. Go create a trading bot and try it!
In order to thank all our users for their continued support of KuCoin Trading Bot, we are launching the “Invite Friends to BTC/USDT Spot Grid Trading and Share a 50,000 USDT Reward!” event.
Event Duration: 10:00:00 on June 9, 2022 - 09:59:59 on June 16, 2022 (UTC)
Event 1: Invite Friends and Share 40,000 USDT
During the event, users may invite their friends to create a BTC/USDT Spot grid bot. An invitation is only considered valid if the invitee keeps the bot running for over 24 hours with a grid profit of ≥1 USDT. The corresponding USDT prize pool is divided in accordance with the number of valid invites.
· Inviter Requirements:
Any user registered on KuCoin is eligible.
· Invitee Requirements:
An invitation is only considered valid if the invitee meets all of the following conditions:
1. The invitee had no trading bots running before the event started.
2. The invitee creates a new BTC/USDT Spot grid bot.
3. The created bot must be running for over 24 hours.
4. The created bot has generated a grid profit of ≥1 USDT.
· Inviter Rewards:
| 5 valid invitees | An equal share of 18,000 USDT |
| 3 valid invitees | An equal share of 12,000 USDT |
| 1 valid invitee | An equal share of 10,000 USDT |
*A user may only receive one of the listed rewards.
· Invitee Rewards:
10 USDT Trading Bot Deduction Coupon (provides a 30% fee deduction to BTC/USDT Spot grid bots for up to 10 USDT)
Event 2: Make It to the Invite Ranking Leaderboard and Share 5,000 USDT
Users will be ranked in accordance with their number of valid invitees. The top 20 users will share 5,000 USDT.
Rewards:
| 🥇Top 1 | 1,300 USDT |
| 🥈Top 2 | 800 USDT |
| 🥉Top 3 | 500 USDT |
| Top 4-10 | Share in 1,400 USDT in accordance with the specific amount of invitees |
| Top 11-20 | Share in 1,000 USDT in accordance with the specific amount of invitees |
Event 3: Make It to the Friend Profit Leaderboard and Share 5,000 USDT
Users will be ranked in accordance with the total grid profits of valid invitees. The top 20 users will share 5,000 USDT.
Rewards:
| Top 1 | 1,300 USDT |
| Top 2 | 800 USDT |
| Top 3 | 500 USDT |
| Top 4-10 | Share in 1,400 USDT in accordance with the specific invitee grid profit ratio |
| Top 11-20 | Share in 1,000 USDT in accordance with the specific invitee grid profit ratio |
Event Instructions:
1. How to Participate:
a. From 10:00:00 on June 9, 2022 (UTC), head to the KuCoin homepage (or the KuCoin Trading Bot page) to sign up for the event.
b. Send the announcement link to your friends, instruct them on how to create a BTC/USDT Spot grid bot that meets the invitee requirements, and obtain their KuCoin UID.
c. Enter the registration page , then fill in both your and your invitee’s KuCoin UIDs to complete the registration process (must be repeated for each invitee).
d. Once verified by the platform, a list of valid invitees from the previous day will be announced through the KuCoin Trading Bot Telegram group each day. Deduction coupons will be sent to eligible users within 3 working days after the user creates a bot.
e. Invitees may also invite their own friends to earn USDT rewards.
➡️ Registration entry (to be filled out by the inviter): https://forms.gle/a3dgmJQ1CLxgA2FP6
➡️ The list of successful participants in the event will be published in the Telegram group every day from 12:00:00 on June 11, 2022 (UTC). Click to join the KuCoin Trading Bot Telegram group.
➡️ Rebate coupons for invitees will be issued gradually from 12:00:00 on June 11, 2022 (UTC). Please pay attention to your KuCoin Trading Bot details page.
2. What are Spot grid bots? How can I create one?
Click here to learn more about Spot grid bots
Click here to learn how to create a Spot grid bot
Click here to create a BTC/USDT Spot grid bot
3. How to earn grid profit?
Using the spot grid robot can help you make profits by automatically buying low and selling high within the grid interval by taking advantage of market fluctuations.
Your total profit includes two parts: grid profit and floating profit and loss; grid profit is the profit generated by grid trading. No matter the market rises or falls, the robot can earn grid profit for you under volatile market conditions. Therefore, your grid profit will always be positive as long as you use grid bots.
If you trade spot and the market falls, the profit and loss caused by the currency price floating will be negative; but if you use the spot grid robot to trade, even if the floating profit and loss is negative, the grid profit is positive and may exceed the floating loss. This allows you to earn profits even when the market is down.
Note:
1. Rewards will be distributed within 15 working days after the event is over.
2. You cannot invite the same users more than once. You cannot invite yourself, and you cannot accept the invite of someone that you invited yourself.
3. Rewards will not be issued to any accounts found to have been cheating or engaging in any other fraudulent behavior. KuCoin may decide whether a particular action constitutes cheating and whether to ban users from participation at its sole discretion. The decisions of KuCoin are binding on users.
4. KuCoin reserves the right to the final interpretation of the event.
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