Dear Nami Community,
In order to encourage NAO Futures trading and 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 7 from 2023-05-31 17:00 to 2023-06-30 17:00 (UTC) with a total prize value of approximately 500,000,000 VNDC ($25,000).
The June NAO Futures tournament is also the first program announced in a series of exciting activities to celebrate Nami's birthday month with a total prize value of up to 50,000 USDT for users. Information about the tournament will be continuously updated on the official NAO Futures tournament page.
Tournament Rules
- Event time:
Monthly Awards: 2023-05-31 17:00 to 2023-06-30 17:00 (UTC)
Weekly Awards: 2023-06-04 17:00 to 2023-07-02 17:00 (UTC)
- How to participate: Individual
- Ranking method: By Trading Volume
- The tournament only applies to NAO Futures VNDC trades
Prize structure
Monthly Awards
A total prize of 100,000,000 VNDC and 100,000 NAO will be awarded to the 20 users with the highest Trading Volume in June 2023 with the detailed prize structure as follows:
| Rank | Number of prizes | Rewards in VNDC | Rewards in NAO | Percentage in Total |
|---|---|---|---|---|
| First | 1 | 18,000,000 | 18,000 | 18.00% |
| Second | 2 | 11,500,000 | 11,500 | 11.50% |
| Third | 2 | 7,000,000 | 7,000 | 7.00% |
| Consolation | 15 | 3,000,000 | 3,000 | 3.00% |
Weekly Awards
A total prize of 66,000,000 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 | 11,880,000 | 18.00% |
| Second | 2 | 7,590,000 | 11.50% |
| Third | 2 | 4,620,000 | 7.00% |
| Consolation | 15 | 1,980,000 | 3.00% |
Conditions for ranking and receiving awards
Monthly Awards:
- 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 information interface)
Weekly Awards:
- 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 information interface)
How to register to participate?
- Individual users do not need to register to compete, the system will automatically rank for qualified users.
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
- The Organizer reserves the right to change the program mechanism or stop the program ahead of time.
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 Corporation
Nami Corp. is a FinTech startup operating in the field of Investment and Technology based on Blockchain technology. Over the years, Nami has developed an ecosystem of key products and services to comprehensively support investors, optimize community benefits with the slogan “Change mindset, make giant steps”.
___
Download Nami Exchange at:
Or website: https://nami.exchange/
Nami’s community:
- Telegram VN group: https://t.me/namitradevn
- Telegram International group: https://t.me/NamiGlobal
- Website: https://nami.exchange/
- Twitter: https://twitter.com/NamiExchange
- Facebook: https://www.facebook.com/namifutures