[//]:content-type-MARKDOWN-DONOT-DELETE With the year 2023 nearing its end, 2024 is before us. In the past year, we were consoled to see that the crypto industry gradually stepped out of the stagnation and showed signs of recovery. As the market picks up and confidence returns, we launch the 'Global Futures Invitational (GFI)', wishing to add momentum to the recovery course of the crypto world. The event, which is a multiple-session series, comprises three sections, which are the Futures Team Competition, Lucky Draw, and Star Captain Award. Phase I, which is scheduled to kick off soon, sets up a prize pool of up to $1,000,000. We cordially invite global traders to compete and bring home a big prize! **I. Duration** 1.Registration Period: December 19, 2023, 00:00 to January 18, 2024, 23:59 (UTC) 2.Competition Period: December 22, 2023, 00:00 to January 18, 2024, 23:59 (UTC) **II. Eligibility** Users must have assets in futures account ≥ $100. Each team must have at least 5 members, and once the team is formed, it can not be dissolved. The event is available for all users on the platform (excluding sub-accounts) apart from users in countries (regions) from which derivative trading is restricted. ➣ Registration：https://www.gate.io/competition/gfi/p1 **III. Participation Market** All trading pairs of USDT-Margined Perpetual Futures **IV. Expandable Prize Pool** The size of the ultimate prize pool is subject to the number of valid traders for the event. A 'valid trader' refers to a participant who completes a futures trading volume ≥ 5,000 USDT during the entire competition.  V. Competition Rules (1) Every 7 days, the teams will be ranked respectively by futures trading volume and profit achieved during the past week. Throughout the entire game, the rankings will be updated 4 times. The specific schedule is as follows:   Notes: 1.Team Weekly Profit is equal to the sum of all positive profits generated by team members during the week. Members whose weekly profit is < 0 or whose weekly accumulated futures trading volume is < 2,000 USDT do not participate in the internal team ranking; 2.Team Weekly Trading Volume = The sum of the trading volume of all team members during the week. Members whose weekly accumulated futures trading volume is < 2,000 USDT do not participate in the internal team ranking. (2) The reward won by a team according to the above rules, whether based upon volume or profit, will be allocated to its members according to the following rules:  VI. Lucky Draw, 100% Chance of Winnin During the competition, users who successfully register for the event will be upgraded to a VIP +1 (7 days). Throughout the event period (4 weeks), for every additional 20,000 USDT in accumulated futures trading volume, participants will receive one chance to take a lucky draw, with a 100% chance of winning, and each person can have a maximum of 10 lucky draw chances. Notes: 1.If a user wins VIP+1 privileges multiple times (≥2 times), his/her VIP status will be upgraded once, while other such privileges only extend the duration of the higher VIP level ; 2.VIP level +1 privilege is inapplicable for VIP10 users, who can only enter the lottery to win other prizes. 3.The lucky draw chances will expire 3 days after the end of the competition, so please use them in time. VII. Star Captain Award, up to 5,000 USDT for Each Person The captain will receive additional withdrawable USDT rewards if the number of star members in his/her team reaches a certain number. The specific rules are as follows:  Note: If a team captain is found to defraud the star captain award by unreasonably registering new users in bulk, manipulating trading volumes and so on, he/she will be disqualified from receiving the award. **VIII. Descriptions** 1.The eligible market includes all USDT-margined perpetual futures trading pairs. 2.The weekly profit = [Net value of the futures account at 23:59 UTC on the 7th day of each week (including unrealized profits/losses and/or perpetual futures bonus) - Net value of the futures account at 00:00 UTC on the 1st day of each week (including unrealized profits/losses and/or perpetual futures bonus) + Amount transferred out of the futures account during the week - Amount transferred into the futures account during the week] 3.Weekly futures trading volume = The opened positions for the week + The closed positions for the week 4.Participants can be rewarded for futures volume and profit at the same time. 5.Rewards will be distributed within 14 working days after the end of the competition and can be viewed in 'Wallet - Account Statement' 6.In order to maintain the fairness of the competition, API users and professional users (VIP 11 and above)are disqualified for the event. 7.Each week's prize pool size is equal to ultimate prize pool determined by the number of valid traders for competition * 1/4. The number of valid traders = Number of participants who registered for the event - Number of participants who did not open a position during the competition - Number of violating users detected by the risk control system ( violating behaviors include but not limited to bulk registration to artificially inflate the prize pool, matched trading, wash trading, etc.). 8.Participants can only use one main account to participate in the event. Sub-accounts are not eligible to take part in the activity. Users need to pass KYC to participate in the event. 9.Illegal activities such as cheating, order brushing, order matching or market manipulation are strictly prohibited. Users who do not follow the rules will be banned from the event and their rewards will be cancelled;​ 10.Risk warning: virtual currency trading is affected by various factors such as the market and policies. The market is volatile and difficult to predict. Please pay attention to market risks and trade cautiously;​ 11.The views of the captain on market analysis only represent the captain's standing but do not represent the opinions of Gate.io. Gate.io assumes no responsibility for any losses incurred by team members due to trade by relying upon their captains' advice. 12.This event is unavailable for users in the UK and other restricted areas specified in the [Users Agreement](https://www.gate.io/zh/user-agreement "Users Agreement"). 13.Gate.io has the final interpretation of this event. Gateway to Crypto Trade over 1,700 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 "referrals") [Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter:https://twitter.com/Gateio_Inst Telegram: https://t.me/gate_io API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team Dec 19, 2023