Dear Nami Community,
In order to encourage NAO Futures trading and continuously create an attractive playground for users and the community, the NAO Futures VNDC – Nami Championship season 8 has been started from 2023-07-09 17:00 (UTC) with a total prize value of over 600,000,000 VNDC (~$30,000).
At 2023-08-06 17:00 (UTC), the final week of the tournament finished with the Top 20 users who received the Weekly Prize from Nami:
Also, the Monthly Prizes Ranking was announced, with the Top 20 traders achieving the highest trading volume in July 2023:
The July 2023 NAO Futures tournament brought back the Team category for the first time since NAO was re-introduced on Nami Exchange. Here are the Top 10 best teams in July 2023
Congratulations to the most excellent traders and teams for their impressive performance in Week 4 and July. The rewards will be directly transferred to the NAO Futures accounts of the prize-winning individuals through the system, expected within 24 hours of the announcement.
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
- The 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)
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 the Team
- The Organizer reserves the right to change the program mechanism or stop the program ahead of time.
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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