[//]:content-type-MARKDOWN-DONOT-DELETE  Gate.io has launched BTC options contracts. In order to give back to our users, Gate.io will hold BTC options trading competition. New users will enjoy $50 points for trading BTC options. Competition participants could win a share of a prize pool up to $200,000. The competition starts on January 16, 2023. **Campaign Period:** From January 16, 2023 to March 16, 2023 (UTC+8:00) **Registration Link:** Fill out the [application form](https://www.gate.io/questionnaire/2896 "application form"). **Event 1: Earn $50 Points ** During the event period, for the first option transaction and the single amount is greater than or equal to 2000USDT, you can get $50 point cards *Point cards can be used for spot, futures and other products. Options products are not currently supported. **Event 2: Stand a Chance to Win a Share of the $200,000 Prize Pool** During the event, the dynamic prize pool amount is set according to the number of participants. The more users who participate in the event, the higher the total prize pool amount. The top prize pool is up to $200,000. The reward pool distribution will be distributed according to the proportion of user transaction volume during the event. **Prize Pool** **Reward Distribution Rule** During the event, rewards will be distributed according to the user's trading volume. For example, a total of 100 traders participate in the event, and the total prize pool would be $20,000. The trading volume of user A during the event accounts for 20% of the total trading volume, and the reward he will receive is $4,000 ($20,000*20%=$4,000) **Event Rules** 1.Users need to register for the event through the registration link 2.Event rewards will be distributed according to the proportion of user transaction volume during the event 3.During the event, the user's BTC option trading volume must be greater than or equal to 2 million USDT 4.During the event, the valid trading days of the user must be greater than or equal to 20 days 5.The trading volume of options will be based on the data exported from Gate.io backstage **Notes** 1.Point cards can be used to deduct spot and contract fees; point cards are not transferable 2.Point cards can be used for spot, futures and other products. Options products are not currently supported. 3.Identity verification needs to complete KYC2 4.Gate.io reserves the right to disqualify users from event due to the following circumstances, including but not limited to: fraudulent behavior such as brushing, counter-knocking, self-dealing, market manipulation, etc. 5.Gate.io reserves the right of final interpretation of this activity
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