Gate's Brand-New Lightweight Trading Product Event Contract Officially Launched

Odaily Planet Daily News - According to official sources, Gate's brand-new lightweight trading product, Event Contract, has officially launched. After updating the Gate App (version v8.28.5), users can access the dedicated trading section in the contract module. The product focuses on short-term price predictions for BTC and ETH, requiring no leverage or margin, with no risk of liquidation. Participation starts at a minimum of 1.5 USDT, and settlements are automatic upon expiration, making it suitable for novice short-term traders. Meanwhile, Gate will launch the Event Contract Grand Opening Carnival on July 21 at 10:00 (UTC+8). Users can click "Join Now" to complete registration and share a total of $50,000 in airdrop rewards through trading. The event features a three-tier incentive mechanism: 1. **First Trade Compensation Reward**: The first 2,000 users who incur losses on their first trade will be compensated, with a maximum of $5 per person. 2. **Profit Doubling Reward**: During the event, net profits will receive double rewards, distributed based on profit rankings, with a maximum of $500 per person. 3. **Trading Sprint Reward**: Users with cumulative buy-and-sell trading volumes ≥ $1,000 will share rewards based on their trading volume proportion, with a maximum of $1,000 per person.