Launching NAO Futures – Nami Championship season 10 (October 2023)
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 – Nami Championship season 10 from 2023-10-01 17:00 (UTC) with a total prize value of over 1,000,000,000 VNST (~$50,000).
The 10th season tournament brings back the Trading Profit category, along with attractive merchandising prizes for individuals, promising to bring a vibrant and exciting tournament. Information about the tournament will be continuously updated on the official NAO Futures Tournament page.
Event time: 2023-10-01 17:00 to 2023-10-29 17:00 (UTC)
Team registration time: 2023-09-26 17:00 to 2023-10-10 17:00 (UTC)
How to participate: Individual and Team
Ranking method: By Trading Volume and Trading Profit
The tournament applies to NAO Futures VNDC, VNST and USDT trades, achievements are converted and displayed to VNST
Conditions for ranking
Have more than 20 valid trading positions with a minimum volume of 1,000,000 VNDC, 1,000,000 VNST or 50 USDT each position
Total trading volume is more 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)
For the Trading Profit Category, users need Profit > 0 to be ranked
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 VNST
For the Trading Profit Category, teams need Profit > 0 to be ranked
Weekly Awards for Individuals:
Have more than 5 valid trading positions with a minimum volume of 1,000,000 VNDC, 1,000,000 VNST or 50 USDT each position
Total trading volume is more 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)
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
Trading Profit: Total PNL - Total trading fee in NAO and NAMI - Total liquidation fee + All Fundings of closed positions
Team Trading Volume and Team Trading Profit = Total Trading Volume and Trading Profit of all members
(NAO and NAMI will be converted into VNST at a fixed exchange rate as follows: 1 NAO = 1,400 VNST and 1 NAMI = 360 VNST)
Tournament performance 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.
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.
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.
Trading Volume and Trading Profit are two completely independent categories, users can win independent prizes from these two categories.
User and team Profit < 0 will be displayed hidden
We wish all users and community an exciting season and successful trading!
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. ___