Competition Overview
Join Wedom's exciting August trading competition for a chance to showcase your skills and win rewards! This month-long event is designed for verified affiliate invitees to demonstrate their trading prowess in USDT perpetual contracts.
Competition Timeline
- Registration Period: August 1-30, 2024 (UTC+0)
- Competition Duration: August 1-31, 2024 (UTC+0)
Key Dates
| Event | Start Date | End Date |
|---|---|---|
| Registration | Aug 1, 00:00 UTC | Aug 30, 23:59 UTC |
| Competition | Aug 1, 00:00 UTC | Aug 31, 23:59 UTC |
Eligibility Requirements
To participate in this trading competition, you must meet these criteria:
Registration Process:
- Click "Join now" and verify enrollment status changes to "Enrolled"
- Only valid registrations will be considered
Account Requirements:
- Exclusive to Wedom affiliate invitees with completed global KYC verification
- Must register using affiliate link or invitation code
- Main accounts only (sub-accounts ineligible)
👉 Learn how to verify your account
Competition Rules
Financial Requirements
- Minimum Balance: 300 USDT maintained at any point during competition
- Trading Volume: Minimum 50,000 USDT in USDT perpetual contracts during PnL Period
Note: Competition requires at least 10 qualified participants to proceed
Valid Trading Pairs
Only USDT perpetual swap trading pairs qualify for this competition. Trading volume calculations exclude:
- Platform rewards
- Rebate cards
- Contract vouchers
Profit & Loss Calculation
The competition uses these precise formulas to determine rankings:
Key Metrics:
- P&L% = (Total P&L / (Initial Equity + Total Deposits)) × 100%
- Total P&L = [Unrealised P&L + Realised P&L - Initial Unrealised P&L]
Term Definitions
| Term | Definition |
|---|---|
| Initial Equity | USDT balance in first 5 minutes of PnL Period |
| Total Deposits | Sum of all USDT deposits during PnL Period |
| Initial Unrealised P&L | Value of open positions at PnL Period start |
FAQs
How do I confirm my registration?
Verify the "Join now" button changes to "Enrolled" status after clicking. This confirms successful registration.
Can sub-accounts participate?
No, only main accounts are eligible. Sub-account activity won't be counted toward competition results.
What happens if minimum participation isn't met?
The competition will be cancelled if fewer than 10 qualified users register, with no obligation from Wedom.
How is trading volume calculated?
Only USDT perpetual contract volume counts toward the 50,000 USDT minimum, excluding platform rewards or vouchers.
When will results be announced?
Final rankings and rewards will be announced shortly after the competition period ends on August 31.
Can I withdraw funds during the competition?
Yes, but withdrawals won't affect your Initial Equity calculation in the P&L formula.