Trading competitions have become a powerful way for traders to test their skills, benchmark performance, and earn meaningful rewards—all within a structured and transparent environment. The 852hodoo July Trading Competition presents a timely opportunity for active crypto traders to engage in a high-stakes, performance-driven contest centered around USDT perpetual contracts. This comprehensive guide walks you through every critical detail—from eligibility and asset requirements to profit calculation and strategic insights—ensuring you’re fully prepared to compete and succeed.
🔍 Competition Overview
The 852hodoo July Trading Competition is designed to reward skilled traders who demonstrate consistent performance in the volatile world of cryptocurrency derivatives. With clearly defined timelines and transparent rules, the competition fosters a fair and competitive atmosphere for all participants.
Key Dates
- Registration Period: 15 July 2024 00:00 UTC+0 to 12 August 2024 23:59 UTC+0
- Competition Period: 15 July 2024 00:00 UTC+0 to 13 August 2024 23:59 UTC+0
Note: The moment a participant meets the asset qualification criteria (minimum 300 USDT balance), their personal PnL Period begins and continues until the end of the Competition Period.
👉 Discover how top traders maximize their edge in live competitions.
🎯 Who Can Participate?
Not all users are eligible to join this competition. To ensure fairness and compliance, strict participation criteria are in place.
Eligibility Requirements
- Affiliate Invitee Status: Only users who registered via an affiliate’s referral link or entered an affiliate invitation code during signup can participate.
- KYC Verification: All participants must complete Know Your Customer (KYC) identity verification. Without this, reward eligibility is void.
- Main Account Only: Only activity from the main trading account counts. Sub-accounts are excluded, and their trading volume or PnL will not contribute to the main account’s performance.
- Enrollment Confirmation: Simply visiting the event page isn’t enough. Users must click the “Join Now” button and confirm it changes to “Enrolled” to be officially registered.
Failure to meet any of these conditions will result in disqualification, regardless of trading performance.
💼 Asset & Trading Volume Requirements
To prevent low-effort participation and ensure serious engagement, the competition enforces minimum thresholds for both capital commitment and trading activity.
Asset Qualification Criteria
Participants must achieve a minimum main account balance of 300 USDT at any point during the Competition Period. Once this threshold is met, the PnL Period begins for that user.
The PnL Period is crucial—it defines the timeframe over which your profit and loss (P&L) will be measured. Performance before reaching 300 USDT does not count.
Trading Volume Requirement
During the PnL Period, each participant must generate a minimum trading volume of 100,000 USDT in USDT perpetual contracts. This volume must come from eligible trading pairs and personal funds only.
⚠️ Important: Trading volume derived from platform incentives—such as rebate cards or contract vouchers—does not count toward this requirement.
Failure to meet either the asset or volume criteria will result in an invalid score, and the participant will be removed from the leaderboard.
👉 Learn how to build consistent trading volume without overtrading.
📊 Valid Trading Instruments
Only specific financial instruments contribute to your competition standing.
Eligible Contracts
- USDT-margined perpetual swap pairs are the only valid instruments.
- Spot trades, coin-margined contracts, options, or any other derivatives do not qualify.
- Volume is calculated based solely on trades executed with your own USDT capital.
This restriction ensures that performance reflects genuine trading skill rather than bonus-fueled activity.
🧮 How Your Performance Is Calculated
Understanding the P&L calculation is essential for optimizing your strategy. The competition uses a fair, standardized formula to rank participants based on risk-adjusted returns.
P&L Percentage Formula
The leaderboard ranking is determined by P&L%, calculated as:
P&L% = P&L / (Initial Equity + Total Deposit Amount) × 100%
Let’s break down each component:
1. P&L (Profit and Loss)
P&L = [Unrealized P&L + Realized P&L] – Initial Unrealized P&L
This ensures only gains achieved during your PnL Period are counted.
2. Initial Equity
This is the USDT balance in your main trading account during the first five minutes of your PnL Period. It remains fixed—even if you withdraw funds later.
3. Total Deposit Amount
Includes:
- USDT transferred from non-trading accounts (e.g., funding wallet) to your main trading account
- USDT earned through spot trades within the main account
- USDT obtained via contract vouchers during the PnL Period
Note: Withdrawals or losses during the period do not reduce this value.
4. Initial Unrealized P&L
The unrealized profit or loss from open perpetual positions at the start of your PnL Period. This is subtracted to eliminate pre-existing position bias.
This formula rewards efficiency—maximizing returns relative to capital used—rather than sheer volume or risk-taking.
⚖️ Competition Integrity & Cancellation Policy
Transparency and fairness are central to the competition’s design.
- A minimum of 10 qualified participants must enroll for the event to proceed.
- If fewer than 10 users meet all criteria (KYC, asset threshold, volume, enrollment), the competition will be automatically canceled with no liability on OKX’s part.
- All data is tracked in real-time through the platform’s secure backend systems, minimizing disputes.
❓ Frequently Asked Questions (FAQ)
Q1: Can I use leverage during the competition?
Yes, you can use any leverage available on USDT perpetual contracts. However, higher leverage increases risk—your strategy should account for volatility and liquidation thresholds.
Q2: Does my PnL Period start immediately when I join?
No. Your PnL Period begins only when your main account balance reaches at least 300 USDT. Until then, no performance is tracked.
Q3: Do deposits after the PnL Period starts count toward Total Deposit Amount?
Yes. Any qualifying USDT inflows during your PnL Period—such as internal transfers or spot trading profits—are included in the formula.
Q4: Can I join if I’m not an affiliate invitee?
Unfortunately, no. Participation is restricted exclusively to users who registered using an affiliate link or invitation code.
Q5: Are team rankings based on individual or combined performance?
This competition focuses on individual performance. There are no official team rankings unless specified in a separate team-based event.
Q6: What happens if I close my positions before the competition ends?
As long as your trading volume meets the 100,000 USDT threshold and your PnL% is positive, closing early does not disqualify you. The system evaluates performance up to the end of the Competition Period.
👉 See how real traders analyze markets before entering high-pressure contests.
🏁 Final Thoughts
The 852hodoo July Trading Competition is more than just a race for rewards—it's a proving ground for discipline, strategy, and execution under pressure. By meeting eligibility criteria, maintaining consistent volume, and understanding the nuanced P&L calculation, traders position themselves not just to compete, but to excel.
Whether you're aiming for top-tier rankings or simply looking to validate your trading approach, this event offers valuable experience and potential recognition in a competitive crypto landscape.
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