Source

I've had a bit of fun in the past months with the derivatives testnet for Kucoin, known as KuMEX. It is a derivatives trading platform which allows a 20x leverage for your trades, making it a multiplier for any potential profit (or loss...)! I had some pretty good luck with the test net which meant that I picked up a nice little bit of KCS (the Kucoin exchange currency) for my trouble.

Now, the real derivatives trading has started with real and not simulated Bitcoin and contracts. So, to celebrate, Kucoin have a little trading contest going on, with 2 BTC in prizes to be won between the 19th of August through to the 25th of August. There is a section for the high frequency traders (aka the serious guys...) with a entry of 1 BTC to begin with (and more than 100 orders); and a low frequency traders (plebs like me...) with an entry of 0.001 BTC (and less than 100 orders).

High Frequency prizes

Ranking	Rewards
TOP1	0.3 BTC
TOP2-6	0.3 BTC
TOP7-26	0.2 BTC
TOP27-106	0.2 BTC

Low Frequency Prizes

Ranking	Rewards
TOP1-5	0.2 BTC
TOP6-25	0.3 BTC
TOP26-100	0.4 BTC

Users ranking 101 and below with a return rate greater than 0%
will share this reward equally | 0.1 BTC

All you need is a Kucoin account to be able to access the KuMEX section of the exchange (look under contracts). It is a nice way to test your skill and luck with the derivatives... but remember, with the potential for big wins, comes the potential for big losses. Play it safe, and snack small, snack often!

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