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Launching Nami Championship - NAO Futures Season 12 - New Year Tournament (January 2024)
05/01/2024

Dear Nami community,

To celebrate the coming of Lunar new year, and to continue creating a competitive and attractive playground for the community, Nami Exchange would like to announce the launch of the Nami Championship - NAO Futures Season 12 - New Year Tournament from 2024-01-14 17:00 (UTC) with a total prize value of over 2,000,000,000 VNST (~85,000 USDT).

This NAO Futures season 12 will be a very competitive tournament, offering a range of valuable prizes that will make a meaningful Lunar new year for all Nami Exchange users, namely: luxurious gold Phuc Loc Tai PNJ 9999, the exclusive SB Season of Hopes collection along with several outstanding features. Additionally, there are incredibly attractive prizes awaiting both individual participants and community partners.

Information about the tournament will be continuously updated on the official NAO Futures tournament website.


Tournament Rules

Event time: From 2024-01-14 17:00 to 2024-02-18 17:00 (UTC)

How to participate: as Individual and as a Community Development Partner

Ranking method:

  • For individuals: Rank by trading volume, trading profit percentage (%PnL)
  • For Community Development Partners: Rank by referral network trading volume

The tournament applies to NAO Futures VNST, VNDC and USDT, achievements are converted and displayed to VNST.


Prize structure

For individuals

When the total Trading Volume of the entire NAO Futures system reaches 200,000,000 USDT, an initial prize pool of 1% of the total NAO Futures trading fees will be unlocked.

The top 10 users with the highest Trading Volume during the period will have the opportunity to share up to 4% of the total NAO Futures trading fees during the tournament, as well as valuable merchandises from Nami. The detailed prize structure is as follows:


The 10 users with the highest trading volume per week will receive VNST and NAO with a total prize value of 12,500,000 VNST each week. The prize structure is as follows:


Continuing the success of NAO Futures Season 11, we are excited to keep the daily prize for individuals. Participants achieving the highest daily position profit ratio (%PnL) will be rewarded with various attractive prizes, tailored to their trading volume range.

In celebration of the Lunar New Year's festive spirit, we will give 5 maces of 'Phuc Loc Tai 9999 PNJ' Gold to the first 3 users who reach a trading volume of 500 billion VNST. Outstanding participants also have the chance to collect additional SB Dragon Fish from the Season of Hopes collection, which will grant them access to exclusive features and meaningful wishes from Nami.

Learn more about the SB Season of Hopes collection

Detail Prize Structure:


Notes on the daily awards for individuals based on profit trading percentage:

  • Positions must achieve a trading profit percentage of greater than 0% to be ranked.
  • Prizes are calculated for positions opened during the tournament and closed on the qualifying day, including orders to close partial positions or close entire positions
  • Each user can only receive 1 prize per day, prioritizing the highest value prize. Prizes are automatically distributed to users at 00:00 (UTC) the following day. Users who received prizes the previous day, can still claim prizes for the following days.

Trading Volume Reward Point Contest for Community Partners

For the first time ever in the NAO Futures - Nami Championship, we are thrilled to introduce a Trading Volume Contest base on Reward Point. This exciting competition features a unique point calculation mechanism as outlined below:

Personal Point Scoring Method

Each time a user completed 50,000 USDT Trading Volume, higher level community partners can earn up to 100 reward points, allocated as follows:

  • Direct Partner: 70 points.
  • Higher level Partners (up to 03 levels): Each partner receives 10 points.

Total Prize Calculation Method

When the total Trading Volume of the entire NAO Futures system reaches 50,000,000 USDT, an initial prize pool of 2,500 USDT will be unlocked. For every additional 50,000,000 USDT in Trading Volume across the NAO Futures system, the prize pool will increase by 2,500 USDT. The top 20 community partners with the highest accumulated points will share the total season's prize pool of up to 50,000 USDT, at Total NAO Futures Trading Volume of 1 billion USDT in the following ratio:

Reward Value = Total Prize Pool x Personal Points / Total Points of the Top 20

Note: In case multiple partners have the same points, ranking will be based on actual system trading volume. If any dispute occurs, Nami's decision is the final.



Conditions for ranking to individuals and community partners prizes

Tournament Awards:

  • Have more than 20 valid trading positions with a minimum volume of 1,000,000 VNST, 1,000,000 VNDC, or 50 USDT per position
  • Total trading volume greater than 1,000,000,000 VNST
  • Total time to maintain position is at least 200 hours (the system will display this metric for each individual at the tournament personal information interface)

Weekly Awards

  • Have more than 5 valid trading positions with a minimum volume of 1,000,000 VNST, 1,000,000 VNDC, or 50 USDT per position
  • Total trading volume greater than 250,000,000 VNST
  • Total time to maintain position is at least 50 hours (the system will display this metric for each individual at the tournament personal information interface)

How to participate

  • Individuals and community partners do not need to register to participate to compete, the system will automatically rank users who meet the requirements.

Achievement calculation method

  • Total time to maintain position: The total time of all active positions, from opening to closing, cumulatively for each position (for example, if in 1 hour there are 10 opened and closed positions, the time of maintain positions is calculated as 10 hours).
  • Trading volume: Total volume of closed positions
  • %PnL = Position profit / Initial margin x 100%, where Initial margin = Actual margin when closing order + Funding amounts deducted from margin (if any)

Important Notice

  • For SB Yellow Dragon Fish and Green Dragon Fish with the NAO Futures trading fee rebate feature, users will receive a rebate based on the total trading fees with multiple asset types converted to VNST with the maximum value of 100,000 VNST. Trading fees are aggregated daily (from 17:00 the day before to 17:00 the next day) and the rebate is paid out at 00:00 the next day (UTC).
  • Tournament performance for Individuals is only for NAO Futures VNDC, VNST or USDT positions that are opened and closed during the tournament and have a minimum volume of 1,000,000 VNDC, 1,000,000 VNST and 50 USDT.
  • Each user can only receive First, Second, and Third weekly prizes only once, for example: Users who have received First Prize in the first week will not be able to receive Top 3 prizes for other week.
  • Since 2024-01-21 17:00 (UTC), tournament performance for Individuals is only calculated positions with the maintenance time not less than 5 minutes.

In there:

  • The time to maintain a position with limit orders placing is calculated from the moment the position is activated until the moment the position is partially or completely closed.
  • Position maintain time for positions including Volume Added Orders is calculated from the time the position is added volume closest to the closing time, until the position is partially or completely closed
  • The Organizer reserves the right to change the program mechanism or stop the program ahead of time.
  • All digital asset prizes will be transferred directly to the winner's NAO Futures wallet within 02 working days after the final rankings are announced.
  • With the merchandising prizes, the Organizers will contact and awarded to the users within 15 working days. Depending on delivery conditions, there may be corresponding forms of prize value conversion.
  • For the 5 maces of gold Phuc Loc Tai 9999 PNJ prize, Nami will contact and deliver the prize to the user within 30 working days. There may be corresponding prize value conversion methods. The prize only applies to Vietnamese users.

We wish all users and community an exciting season and successful trading!


Further information:


Best Regards.

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Nami. All trading strategies are used at your discretion and your own risk. Nami will not be liable to you for any loss that might arise from your use of Futures.


About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 700 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.
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Website: https://nami.exchange/

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