[//]:content-type-MARKDOWN-DONOT-DELETE We are pleased to announce the launch of our new Spot Margin Trading Function! Our new Spot Margin Trading Function is now accessible to more users than before. For details, please visit https://www.gate.io/article/31675 Additionally, we are introducing a special experiential event that offers you the chance to win lucrative cash rewards, share in the prize pool, and enjoy VIP privileges. Event Duration: September 7, 2023, to October 6, 2023 Eligible Participants: Gate.io VIP3-VIP8 Users **Event 1: Trade to Win 20 USDT!** During the event, enter the draw by completing any 1 trade using the Spot Margin Trading Function. We will randomly select 50 users, each of whom will receive a cash reward voucher worth 20 USDT. **Event 2: Share the 15,000 USDT Prize Pool with Borrowing Trades!** Based on the total number of users who engage in borrowing trades using Spot Margin Trading Function during the event with a borrowing amount exceeding 100 USDT, we will dynamically unlock the prize pool. The more borrowing users, the higher the total prize pool amount. The prize pool distribution will be based on the ranking of users' borrowing amounts during the event. Unlocking of the prize pool based on the number of borrowing traders: ● Unlock a 2,000 USDT prize pool with 100 users engaged in borrowing trades. ● Unlock a 4,000 USDT prize pool with 300 users engaged in borrowing trades. ● Unlock an 8,000 USDT prize pool with 600 users engaged in borrowing trades. ● Unlock a 15,000 USDT prize pool with 1,000 users engaged in borrowing trades. Rewards based on borrowing amount ranking: | Ranking | Reward | | :-----:| :----: | | 1st | 20% of the Total Prize Pool | | 2nd | 15% of the Total Prize Pool | | 3rd | 10% of the Total Prize Pool | | 4th-10th | Split 30% of the Total Prize Pool | | 111th-20th | Split 25% of the Total Prize Pool | ● Top 10 users must have borrowing trade amounts exceeding $5,000. ● Top 20 users must have borrowing trade amounts exceeding $1,000 Rules: Total number of participants and total borrowing amounts are subject to data exported from Gate.io's backend. **Event 3: Provide Feedback and Get VIP8 for 30 Days!** During the event period, users who use spot margin trading are eligible to receive a 30-day VIP8 level reward by providing at least 1 piece of feedback in the "Feedback Suggestion Form" with constructive, specific, and clear improvement suggestions, subject to approval. If the user is already at or above VIP8 level, they will receive an additional 30-day VIP level increase. Please note: 1.Rewards will be distributed within 7 working days after the event ends. 2.Sub-accounts and master accounts will be considered as a single account for participation in this event. 3.Gate.io reserves the right to disqualify users Gateway to Crypto Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io [Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referral") Download [iOS/Android](https://www.gate.io/zh/mobileapp?ch=ann27560 "iOS/Android") App right now. Users who have traded more than $8 million on Gate.io or other exchanges in the past 30 days enter the [Global Market Maker Program](https://www.gate.io/gmmc "Global Market Maker Program") Reach out to us! Twitter：[https://twitter.com/gate_io](https://twitter.com/gate_io "https://twitter.com/gate_io") GateVIP Twitter：[https://twitter.com/Gateio_Inst](https://twitter.com/Gateio_Inst "https://twitter.com/Gateio_Inst") Telegram：[https://t.me/gate_io](https://t.me/gate_io "https://t.me/gate_io") Gate Wealth: [https://t.me/GateWealthNews](https://t.me/GateWealthNews "https://t.me/GateWealthNews") API Telegram：[https://t.me/gateioapi](https://t.me/gateioapi/ "https://t.me/gateioapi") Medium: [https://gateio.medium.com/](https://gateio.medium.com/ "https://gateio.medium.com/") Gate.io Team September 7, 2023