Trade with fake money, but win real cash – that’s what Gate’s latest Futures Testnet Trading Challenge is all about. Following the incredible success of the first competition, this new event gives crypto traders worldwide a unique opportunity to test their futures trading skills risk-free and compete for a share of the generous $100,000 prize pool.
Crank up the leverage slider, because there is zero cost to enter and no risk to real funds. This event is a fantastic way to explore trading, improve your strategies, and earn exciting rewards.
Event Details and Schedule
This exciting challenge is already live and will run until November 14, 2024, 15:59 UTC.
During this period, participants can trade on both testnet and live platforms. Whether you’re a seasoned trader or new to the world of crypto futures, this event offers something for everyone.
Supported Trading Pairs:
- Testnet Pairs: BTC/USDT, ETH/USDT, SOL/USDT
- Live Trading: All USDT-margined perpetual futures trading pairs
Now that the event is in full swing, you can register today to start trading and compete for impressive rewards.
Events & Rewards Breakdown
The Futures Testnet Challenge offers three distinct activities, each packed with prizes, bonuses, and even lucky draws. Let’s dive into each one:
1. First Trade Bonus – Win $20,000 + VIP Upgrade
Make your first futures trade—whether on testnet or live—and you can win between $50 to $200. The total prize pool for this activity is $20,000, distributed on a first-come, first-served basis. Don’t miss out!
You need to complete the easy 5-minute identity verification to claim rewards, but there are no deposit requirements or other fine print here. Simply do a trade, but be quick while rewards last.
2. Profit Challenge – Earn Up to $2,000 with Zero Cost
This second event will no doubt be most interesting one. This activity ranks participants based on their testnet trading profits. The higher your profit, the bigger your reward. With zero cost to join, it’s a risk-free way to potentially earn up to $2,000.
| Ranking (by Testnet Profit) | Reward |
|---|---|
| 1 | $2,000 USDT |
| 2 | $1,000 USDT |
| 3 | $500 USDT |
| 4~10 | Split $1,000 USDT |
| 11~500 | Split $10,000 futures voucher |
You need to place in top 500 in order to earn rewards, with top traders able to score sizeable rewards. Remember, you do not need to trade with real money, therefore it’s risk-free to participate and aim big. Time to crank up the leverage!
3. Lucky Bag Carnival – Win $1,000 and a PS5
Everyone loves a good lucky draw, and Gate.io delivers! Upon registration, each participant gets at least one free lucky draw ticket, guaranteeing a prize. Prizes include:
- $10 futures vouchers
- The chance to win a PS5 console
- Digital Deluxe Edition of “Black Myth: Wukong”
- Popular tokens like PEPE, BTT, BABYDOGE, CAW
- Vouchers up to $1,000, Gate.io merchandise, and much more
On top of that, every lucky bag guarantees a prize and grants you an additional share of a $10,000 futures voucher. The more you participate, the better your chances!
Here’s a complete breakdown of all the ways you can earn Lucky Draw tickets:
| Task Type | Task Details | Number of Draw Chances |
|---|---|---|
| Registration | Complete identity verification | 1 time (only once) |
| First Testnet Trade | Complete any single futures testnet trade | 3 times |
| Testnet Trading | For every $200 increase in cumulative testnet trading volume | 1 time (up to 50 times) |
| Invitation | Invite a new user to complete identity verification + any single trade | 1 time (up to 20 times) |
| First Spot Trade | Complete any single spot trade | 3 times |
| Spot Trading | For every $200 increase in cumulative spot trading volume | 1 time (up to 50 times) |
| First Live Futures Trade | Complete any single live futures trade | 3 times |
| Live Futures Trading | For every $1,000 increase in cumulative live futures trading volume | 1 time (up to 50 times) |
| First Use of Trading Bot | Complete 1 trade using a trading bot (create or copy a strategy, cumulative trading volume of at least $200, running time of at least 48 hours) | 3 times |
| Use of Trading Bot | Each time you use a trading bot (create or copy a strategy, cumulative trading volume of at least $200, running time of at least 48 hours) | 1 time (up to 10 times) |
| First Startup Subscription | Participate in any Startup subscription for the first time | 3 times |
| Startup Subscription | Each time you complete a Startup subscription | 1 time (up to 10 times) |
| First Simple Earn Investment | Complete 1 Simple Earn investment for the first time (investment amount of at least $200, holding period of at least 3 days) | 3 times |
| Simple Earn Investment | Each time you complete a Simple Earn investment (investment amount of at least $200, holding period of at least 3 days) | 1 time (up to 10 times) |
For example, you can earn 53 ticket draws just by trading on testnet. Additional tickets can be earned by completing KYC, doing first spot or futures trade, inviting friends, or participating in airdrops or staking.
There is absolutely no reason why you shouldn’t at least complete the demo trading tasks! You can receive crypto vouchers, token airdrops, merch and other prizes with no cost.
How to Get Started
Joining the Futures Testnet Challenge is simple, and it’s packed with rewards from the moment you sign up.
Here’s a tip: register on Gate with Cexfinder’s signup link to receive a lifetime 20% trading fee discount. There’s zero cost or downside to using it!
Step-by-Step Guide:
- Sign Up: Create a Gate.io account if you don’t already have one.
- Complete KYC Verification: You must complete identity verification to be eligible for the rewards.
- Visit the Event Page: Go to the Futures Testnet Challenge page and click “Sign Up” to join.
- Start Trading: Use your 50,000 USDT testnet funds to trade risk-free and compete in the challenge.
Ready to take the plunge? Register now and start your journey toward earning a share of the massive prize pool.
Why Participate? Why Not!
The Futures Testnet Challenge isn’t just about winning—it’s also about honing your trading skills in a risk-free environment. Here’s what makes this event irresistible:
- Guaranteed $10 Futures Voucher: Every participant receives a voucher—no risk, all reward!
- 50,000 USDT in Testnet Funds: Test and refine your trading strategies without risking real money.
- Exciting Lucky Draw Prizes: You could win a PS5, exclusive Gate.io merchandise, token airdrops, and more.
- VIP Status Upgrade: The first 300 participants get a VIP boost, giving them access to even more perks on the platform.
Important Notes to Keep in Mind
- To claim the initial $10 futures voucher, participants must deposit at least $100 and maintain this for 24 hours within 21 days of the event.
- Completing first-time actions like testnet trading, spot trading, or using a trading bot grants you 3 extra chances to win, making it even more rewarding to participate.
- Make sure to register for the competition on the Futures Testnet Challenge page to be eligible for all rewards and lucky draws.
- Testnet trading volume is calculated based on both opening and closing volumes of the specified perpetual futures pairs.
Any and all other terms can be found on the event page. Aside from Gate.io’s regular restricted countries, participation in this event is open to everyone.
Final Thoughts: Your Chance to Win Big
The Gate.io Futures Testnet Challenge is the perfect opportunity to enhance your trading skills, try out new strategies, and win a share of the $100,000 prize pool—all without spending a dime.
Whether you’re here for the challenge, the prizes, or just the fun of trading, Gate.io’s event delivers on all fronts. Don’t miss out! Register today, and let the trading begin.
