Dear users,
Empowering skilled traders to thrive, Websea presents the First Edition of BOOST Program for copy traders. Elevate your trading status, and seize up to $9,800 USDT in total fund rewards!
Registration:November 13,12:00 (GMT+8)-November 19,24:00 (GMT+8)
Competition:November 20,12:00 (GMT+8)-December 17, 24:00 (GMT+8):
Event:
Websea will provide a total fund of 9,800 USDT per qualified copy trader, limited to the first 50 participants. You can sign up through the trader's page, and when applying, please note "Apply for BOOST Program" in the qualification description field.
- Entry-level Trader: Upon successful approval, you will receive an initial fund of 300 USDT for copy trading.Upon final settlement, the copy trader can receive 15% of the profits (capped at 100 USDT).
- One-Star Trader: Upon acquiring 5 followers through copy trading, with each follower achieving a trading volume of 10,000 USDT, the platform will awards an additional 500 USDT in copy trading funds to the trader. Upon final settlement, the copy trader can receive 25% of the profits (capped at 300 USDT).
- Two-Star Trader: Upon acquiring 15 followers, each with a trading volume of 30,000 USDT, the platform awards an extra 1,000 USDT in copy trading funds to the trader. Upon final settlement, the copy trader can receive 40% of the profits (capped at 500 USDT).
- Three-Star Trader: Upon acquiring 35 followers, each with a trading volume of 50,000 USDT, the platform awards an additional 3,000 USDT in copy trading funds to the trader. Upon final settlement, the copy trader can receive 65% of the profits (capped at 1,000 USDT).
- Four-Star Trader: Upon acquiring 70 followers, each with a trading volume of 100,000 USDT, the platform awards an additional 5,000 USDT in copy trading funds to the trader. Upon final settlement, the copy trader can receive 80% of the profits (capped at 3,000 USDT).
- Five-Star Trader: Upon attaining 100 followers, each with a trading volume of 150,000 USDT, the copy trader can receive 100% of the profits upon final settlement (capped at 5,000 USDT).
Rules:
- Traders must apply to become copy traders,note "Apply for BOOST Program" in the qualification description field;
- Ensure your account holds 50 WBS; transfer out any excess WBS. Upon successful registration, all WBS in your account will be temporarily frozen and will be unlocked within 1 working day after the event ends.
- Upon approval, the futures account for copy traders will be restricted, and no fund transfers in or out will be permitted during the event. Please withdraw your funds before the activity begins.
- If there is an agency relationship in the account, commissions generated during the event and profits from copy trading will be locked in the futures account.
- Copy traders reaching the required level for a star upgrade will receive an airdrop of the corresponding star-level copy trading funds within 1 working day.
- After the event ends, the settlement phase begins. Please close all positions by December 17, 24:00 (GMT+8).
- The platform will complete settlement within 3 working days after the event, reclaim any remaining copy trading funds, deduct the share of profits earned by copy traders, and restore the futures account transfer function.
- Settlement Criteria: Final Profit = (Futures Account Final Balance - Copy Trading Fund - Copy Trading Profit Share - Agency Commission) * Star Level Profit Percentage;
- Copy trading funds can be used as margin for futures trading and can offset account losses, funding rates, etc. When offsetting corresponding fees, copy trading funds will take precedence over the copy trading profit share and agency commission in the futures account;
- During the event, participating copy traders will enjoy 0 contract trading fees;
- This edition has a total of 50 slots available, and registration is closed once filled.
- Each unlocking phase's required number of followers can include followers from the previous phase;
- A follower can follow multiple copy traders, and the trading volume generated during the following period will be settled based on the actual trading volume when following each copy trader separately;
- During the event, when the copy trader's futures account balance reaches 0, they will exit the event, and the account transfer function will be enabled.
Notes:
- Market makers are not allowed to participate;
- Accounts engaging in API trading during the event will be disqualified;
- Registering multiple accounts for any purpose, including but not limited to bulk registration, wash trading, pre-arranged trading,contra trading etc., will result in disqualification and account freezing.
- Websea reserves the right for the final interpretation of this event and related terms, including, but not limited to, modification, alteration, or cancellation of the event without further announcements. For any inquiries, please consult our online customer service.
Websea Team
November 13, 2023
Risk Warning: Digital asset prices are highly volatile. The value of your investment may fluctuate or even lose the investment amount. You are solely responsible for your investment decisions, and Websea is not liable for any potential losses. Past performance does not guarantee future results. You should only invest in products you are familiar with and understand the associated risks. Please carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investments. This document should not be considered as financial advice. For more details, please refer to the "Websea Futures Trading Risk Warning"
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