Lifetime Trading Fee Discounts!
Event Details
🔸 Event Period : June 29, 2020 at 3:00AM (UTC) ~ July 13, 2020 at 3:00AM (UTC)
🔸 Product Subjected to Trading Fee Upgrade : MCS BTC/USDT perpetual contracts
🔥 MAKER VOLUME
Contestants with the top 3 cumulative maker volume during the event will earn access to a shocking lifetime's worth of maker fee rebate deal outlined below.
BENEFITS FOR TOP 3 CONTESTANTS WITH THE HIGHEST MAKER VOLUME
🥇 1st Place: Maker fee -0.035% for a lifetime + 0.03BTC bonus
🥈 2nd Place: Maker fee -0.03% for a lifetime + 0.02BTC bonus
🥉 3rd Place: Maker fee -0.0275% for a lifetime + 0.01BTC bonus
MAKER VOLUME RANKING METHOD
After aggregating all the maker orders settled during the event, the top 3 traders with the highest number of cumulative contract settlements towards the end point will be placed on the finalists' list.
💡 What is a maker order?
👉 It is a bid order placed by a trader at a certain price that doesn't get matched immediately.
Ex) When a BTC/USDT perpetual contract is placed at 10,000USDT, the condition below satisfies a maker order.
When a short position at 10,000.5USDT doesn't get matched straight away and the remaining volume for 10,000.5USDT gets accumulated in the orderbook.
When a long position at 9999.5USDT doesn't get matched straight away and the remaining volume for 9999.5USDT gets accumulated in the orderbook.
*A maker order is a bid price that gets listed on the orderbook including examples described above.
🔥 TAKER VOLUME
Contestants with the top 3 cumulative taker volume during the event will earn access to a shocking lifetime's worth of taker fee rebate outlined below.
BENEFITS FOR TOP 3 CONTESTANTS WITH THE HIGHEST TAKER VOLUME
🥇 1st Place: Taker fee 0.045% for a lifetime + 0.03BTC bonus
🥈 2nd Place: Taker fee 0.045% for a lifetime + 0.02BTC bonus
🥉 3rd Place: Taker fee 0.045% for a lifetime + 0.01BTC bonus
TAKER VOLUME RANKING METHOD
After aggregating all the maker orders settled during the event, the top 3 traders with the highest number of cumulative contract settlements towards the end point will be placed on the finalists' list.
💡 What is a taker order?
👉 It is a bid order placed by a trader at a certain price that gets matched immediately.
MCS is holding a ⭐️ MCS Trading Fee Upgrade Event ⭐️ in celebrating the official launch!
The MCS Trading Fee Upgrade Event will be focused on maker and taker volume, a once in a blue moon opportunity for competition winners, offering the ultimate trading fee rate applied for a 👉 lifetime👈 !
The MCS Trading Fee Upgrade Event will be focused on maker and taker volume, a once in a blue moon opportunity for competition winners, offering the ultimate trading fee rate applied for a 👉 lifetime👈 !
Event Details
🔸 Event Period : June 29, 2020 at 3:00AM (UTC) ~ July 13, 2020 at 3:00AM (UTC)
🔸 Product Subjected to Trading Fee Upgrade : MCS BTC/USDT perpetual contracts
🔥 MAKER VOLUME
Contestants with the top 3 cumulative maker volume during the event will earn access to a shocking lifetime's worth of maker fee rebate deal outlined below.
BENEFITS FOR TOP 3 CONTESTANTS WITH THE HIGHEST MAKER VOLUME
🥇 1st Place: Maker fee -0.035% for a lifetime + 0.03BTC bonus
🥈 2nd Place: Maker fee -0.03% for a lifetime + 0.02BTC bonus
🥉 3rd Place: Maker fee -0.0275% for a lifetime + 0.01BTC bonus
MAKER VOLUME RANKING METHOD
After aggregating all the maker orders settled during the event, the top 3 traders with the highest number of cumulative contract settlements towards the end point will be placed on the finalists' list.
💡 What is a maker order?
👉 It is a bid order placed by a trader at a certain price that doesn't get matched immediately.
Ex) When a BTC/USDT perpetual contract is placed at 10,000USDT, the condition below satisfies a maker order.
When a short position at 10,000.5USDT doesn't get matched straight away and the remaining volume for 10,000.5USDT gets accumulated in the orderbook.
When a long position at 9999.5USDT doesn't get matched straight away and the remaining volume for 9999.5USDT gets accumulated in the orderbook.
*A maker order is a bid price that gets listed on the orderbook including examples described above.
🔥 TAKER VOLUME
Contestants with the top 3 cumulative taker volume during the event will earn access to a shocking lifetime's worth of taker fee rebate outlined below.
BENEFITS FOR TOP 3 CONTESTANTS WITH THE HIGHEST TAKER VOLUME
🥇 1st Place: Taker fee 0.045% for a lifetime + 0.03BTC bonus
🥈 2nd Place: Taker fee 0.045% for a lifetime + 0.02BTC bonus
🥉 3rd Place: Taker fee 0.045% for a lifetime + 0.01BTC bonus
TAKER VOLUME RANKING METHOD
After aggregating all the maker orders settled during the event, the top 3 traders with the highest number of cumulative contract settlements towards the end point will be placed on the finalists' list.
💡 What is a taker order?
👉 It is a bid order placed by a trader at a certain price that gets matched immediately.
IMPORTANT NOTE
1️⃣ Anyone can participate in the competition without signing up.
2️⃣ When the cumulative maker volume is the same amongst traders, the trader with more taker volume will be considered at a higher priority.
3️⃣ When the cumulative taker volume is the same amongst traders, the trader with more maker volume will be considered at a higher priority.
4️⃣ Contestant winners' taker fee benefit and maker rebate benefit is only applicable for BTC/USDT perpetual contracts.
5️⃣ Contestants that were previously chosen as MCS's honorary testers in receiving 0.045% taker fee benefit will only be receiving the bonus when winning the competition.
6️⃣ MCS will announce real-time ranking on MCS Telegram Account every day at 3AM (UTC).
7️⃣ Recipient announcement is to be made on July 14, 2020, the same day in which both the benefit and the bonus will be distributed.
8️⃣ The bonus rewarded can be used as a form of a margin and will also be used firsthand for trading fees and expense loss.
9️⃣ The profit made from the margin can be withdrawn. However, once the profit is withdrawn from the account, the entire given bonus will be dropped.
🔟 MCS holds the right to interpret the competition to its entirety, wherein changes and cancellations may occur.
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