Dear Nami Community,
In order to encourage NAO Futures trading and continuously create an attractive playground for users and the community, Nami Exchange would like to announce the start of the NAO Futures VNDC – Nami Championship season 9 from 2023-08-06 17:00 (UTC) with a total prize value of over 600,000,000 VNDC (~$30,000).
Since season 9, the system will also update the display of nicknames on the ranking tables instead of displaying the full name of users, users can set the nickname in the Personal section, on Account function. Information about the tournament will be continuously updated on the official NAO Futures tournament page.
Tournament Rules
- Event time: 2023-08-06 17:00 to 2023-09-03 17:00 (UTC)
- Team registration time: 2023-08-04 17:00 to 2023-08-18 17:00 (UTC)
- How to participate: Individual and Team
- Ranking method: By Trading Volume
- The tournament only applies to NAO Futures VNDC trades
Prize structure
Monthly Awards
For Individuals
A total prize of 80,000,000 VNDC and 80,000 NAO will be awarded to the 20 users with the highest Trading Volume of the season with the detailed prize structure as follows:
| Rank | Number of prizes | Rewards in VNDC | Rewards in NAO | Percentage in Total |
|---|---|---|---|---|
| First | 1 | 14,400,000 | 14,400 | 18.00% |
| Second | 2 | 9,200,000 | 9,200 | 11.50% |
| Third | 2 | 5,600,000 | 5,600 | 7.00% |
| Consolation | 15 | 2,400,000 | 2,400 | 3.00% |
For Team
A total prize of 120,000,000 VNDC and 120,000 NAO will be awarded to the 10 teams with the highest Trading Volume of the season with the detailed prize structure as follows:
| Rank | Number of prizes | Rewards in VNDC | Rewards in NAO | Percentage in Total |
|---|---|---|---|---|
| First | 1 | 42,000,000 | 42,000 | 35.00% |
| Second | 1 | 24,000,000 | 24,000 | 20.00% |
| Third | 1 | 12,000,000 | 12,000 | 10.00% |
| Consolation | 7 | 6,000,000 | 6,000 | 5.00% |
Weekly Awards for Individuals
A total prize of 50,000,000 VNDC will be awarded to the 20 users with the highest Trading Volume every week with the detailed prize structure as follows:
| Rank | Number of prizes | Rewards in VNDC | Percentage in Total |
|---|---|---|---|
| First | 1 | 9,000,000 | 18.00% |
| Second | 2 | 5,750,000 | 11.50% |
| Third | 2 | 3,500,000 | 7.00% |
| Consolation | 15 | 1,500,000 | 3.00% |
Conditions for ranking and receiving awards
Monthly Awards:
For Individuals:
- Have more than 20 valid trading positions with a minimum volume of 1,000,000 VNDC each position
- Total trading volume is more than 1,000,000,000 VNDC
- 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)
For Teams:
- All members are eligible for the above individual basic requirements
- 1st - 2nd - 3rd Prizes: Total Team's Trading Volume of the season is at least 40,000,000,000 VNDC
Weekly Awards for Individuals:
- Have more than 5 valid trading positions with a minimum volume of 1,000,000 VNDC each position
- Total trading volume is more than 250,000,000 VNDC
- 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 register to participate?
- Individuals: users do not need to register to compete, the system will automatically rank for qualified users.
- Teams: Captain needs to Create a Team and invite 03 other members to join the team, team achievements are only counted when all members confirm to join the team, please refer to the instructions below.
- Team Members are NOT changeable after the Team achievement has been recorded (i.e. all members have confirmed to join the Team), the system will automatically rank the qualified teams.
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 active and closed positions, the time to maintain positions is calculated as 10 hours).
- Trading volume: Total volume of closed positions
Important Notices:
- Tournament performance is only for NAO Futures VNDC positions that are opened and closed during the race and have a minimum volume of 1,000,000 VNDC
- 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.
- Weekly prizes will be summed up every Monday and is expected to be awarded every Wednesday (UTC)
- Team prize will be divided equally among 4 members of Team
- The Organizer reserves the right to change the program mechanism or stop the program ahead of time.
Teams: Create, Accept to join and Adjust members
1.Create and Send Team Invitations (for Captain):
- Click "Create Team" in the Personal Information section at the Tournament interface
- Enter NamiID of members and send invite
2.Accept invitations to join the Team (for Team Member):
Access the list of invitations to join the team in the Personal Information section at the Tournament interface, select preferred invitation, check team members and confirm
3.Adjusting team members (for Captains)
Nami Exchange supports Captains to change team members when waiting too long for a member's confirmation to join the team, or when a team member declines an invitation. The Captain can delete sent invitations or add new members for substituting the member who declined by clicking on the team information in the Personal Information section:
Note:
- All team functions are available since the team registration portal open time announced above
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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