Gate Event Contracts officially launch, with a launch celebration competition kicking off—offering a $50,000 airdrop reward pool

Gate News: On July 21, 2026, Gate Event Contracts officially launched. The launch celebration competition is in full swing—trade to share the total $50,000 airdrop reward.

Event Contracts are a trading product centered on price-direction prediction. Users only need to judge the price trend of assets such as BTC, ETH, etc. over future time windows like 5 minutes and 15 minutes, choose bullish or bearish, select the price from the order book, enter the quantity, and submit the order to participate. The event runs from July 21, 2026, 10:00 to July 31, 2026, 16:00 (UTC+8).

The launch celebration competition has three reward mechanisms. Reward 1 is first-order Loss Coverage: a $10,000 prize pool shared by the first 2,000 users whose first trades incurred losses; each user can receive up to $5 in coverage. Reward 2 is profit doubling: a $20,000 prize pool shared by users, with rewards distributed as double the Event Contracts net profit amount; each individual can receive up to $500. Reward 3 is trading sprints: a $20,000 prize pool shared by users. Users with cumulative Event Contracts trading volume ≥ $1,000 during the event period share the pool based on their proportion of total trading volume; each user can receive up to $1,000.