Gate Launches Event Contracts for BTC/ETH, Offers $50,000 in Rewards on July 21

According to Gate's official announcement, on July 21, 2026 at 10:00 UTC+8, Gate launched Event Contracts, a lightweight trading product focused on short-term BTC and ETH price predictions. The product requires no leverage or margin, carries zero liquidation risk, and allows participation with a minimum of 1.5 USDT.

Simultaneously, Gate introduced the Event Contracts inaugural celebration campaign, distributing $50,000 in total rewards through three incentive tiers: first-loss compensation for the top 2,000 losing traders (max $5 per user), profit-doubling rewards for net gains (max $500), and trading volume bonuses for cumulative trades of $1,000 or more (max $1,000 per user).