HOO’S FIRST TRADING COMPETITION IN 2022 – ₮200,000 TO BE WON!

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Trade with Hoo and win the incredible rewards from the prize pool!

The first-ever trading competition on Hoo will be launched on the 1st of March 2022, with the highest prize of 200,000 USDT to be won from our prize pool!

All the Hoo customers would be eligible to register for the upcoming trading competition. The competition will be held for ten days, from the 1st of March 2022 at 15:00 to the 11th of March 2022 at 14:59 (UTC+8).

There are two kinds of contests for customers to choose from during the trading competition, which are the group competition and the individual competition. Each customer could only choose one contest during the trading competition, and it could not be changed on any occasions afterward. The campaign trading pairs would be all the trading pairs in Hoo’s spot zone and innovation zone.

About the Rewards:

The reward of the trading campaign on Hoo adopts a tiered reward allowance format; the total amount of compensation depends on the number of users who participate in this contest; the more users register for this trading competition, the more reward would be allocated in the prize pool. The total amount of reward in the group competition takes up 80% of the prize pool, and the remaining 20% would be placed into the prize pool of individual competition.

The Tiered Reward Allowance Format:

Number of valid participants

Prize Pool Size ()

≤500

1,500

501-1,000

3,500

1,001-2,000

7,500

2,001-5,000

15,000

5,001-10,000

35,000

>10000

50,000

*The calculation on the number of valid participants in the event only includes the number of users who registered for the event and have traded above ₮100 equivalent cryptocurrencies after the campaign has started.

Note:

Our risk control system would detect the cheating users in the campaign, and the number of cheating users would be deducted from the total number of participants. For example, the batch swiping, Market maker account, and other behaviour to inflate prize pool would not be accepted.

The group competition guidelines:

Each individual registered as a part of the group would be allocated to the group competition section. And the ranking of each group during the competition would depend on the total volume of transactions. The amount of reward for each individual who participates in a group campaign would be based on their contribution rate of the entire team.

The distribution method for group competition would be conducted in the following format:

Team Ranking

Proportion of rewards

TOP1

15% of team prize pool

TOP2

12% of team prize pool

TOP3

10% of team prize pool
TOP4

8% of team prize pool

TOP5

5% of team prize pool

TOP6-TOP10

Split 25% of team prize pool

Rest of the teams

Split 25% of team prize pool

For example, if the total number of valid participants during the Hoo trading competition is above 10,000, then the allowance of prize pool would be ₮50,000; thus, the TOP 1 team during the competition could earn ₮6,000 in total; if one of the team members takes up 50% of the contribution rate of the entire team, the exact reward this individual could get during the campaign is ₮3,000.

Key takeaways: 

  • The total reward of group competition is 80% from the entire prize pool.

  • The users could get a higher team ranking by inviting their friends to join their group to generate higher transaction volume.

  • Each individual could only join one team; once confirmed, there would be no exemption to switch afterward.

  • Only the teams that reach the transaction volume above ₮1,000 would be shown on the ranking lists and eligible for sharing the prize pool; those who do not qualify would not be showcased.

  • The amount of reward for each individual who participates in a group campaign would be based on their contribution rate of the entire team.

The individual competition guidelines:

Each individual who chooses to register under individual competition would be considered a ‘sole trader’ during the campaign. Also, the ranking of each user during the competition would depend on the total volume of transactions. The ‘sole traders’ are entitled to keep all the rewards depending on their ranking.

The distribution method for individual competition would be conducted in the following format:

Individual Ranking

Proportion of rewards

TOP1

15% of individual prize pool

TOP2

12% of individual prize pool

TOP3

10% of individual prize pool
TOP4

8% of individual prize pool

TOP5

5% of individual prize pool

TOP6-TOP10

Split 25% of individual prize pool

The remaining valid participants

Split 25% of individual prize pool

For example, if the total number of valid participants during the Hoo trading competition is above 10,000, then the allowance of the prize pool would be ₮50,000; thus, the TOP 1 individual during the competition could earn ₮1,500 in total.

Key takeaways: 

  • The total reward of group competition is 20% from the entire prize pool.

  • Only the individual participants who trade more than ₮200 would be shown on the ranking lists and eligible for sharing the prize pool; those who do not qualify would not be showcased.

Important Notice:

  • The total transaction volume = buying transactions + selling transaction

  • If the trading amount is the same, the order of the block packaging time of the last trading would prevail (the display is sorted from top to bottom).

  • The reward generated from this campaign would be distributed within seven working days after the event closes.

  • Hoo has the right to cancel the qualifications and rewards from participants without prior notice if it detects cheating behaviours such as user brushing and batch registration of users from participants.

  • Hoo reserves the right to cancel or amend any activity or activity rules at our sole discretion. If the platform risk control system detects the use of tools for batch registration and batch transactions, Hoo will cancel their eligibility for attending this event, and those under severe circumstances will be banned.

  • Hoo reserves the right of final interpretation of this event. Don’t hesitate to contact our customer service team if you have any questions.

About the trading competition:

Hoo aims to launch this trading competition to enhance the liquidity further and endorse the customer engagement of our exchange. The prize pool is set to award all the customers who would actively join the campaigns of our exchange; thus, the set-up of the prize pool encourages each participant eligible for earning incentives and rewards from this trading competition. Moreover, please note that cryptocurrency is subject to high market risk due to the volatility of the crypto market. Hoo is dedicated to listing the high-quality and high-potential crypto assets for our users, but the investors should take their own responsibility for their investment decision.

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