Gate's New Lightweight Trading Product - Event Contracts Officially Launched

According to official sources, Gate's new lightweight trading product, Event Contracts, has officially launched. After updating the Gate App to version v8.28.5, users can enter the dedicated section within the contracts module to trade. The product focuses on short-term price direction predictions for BTC and ETH, requires no leverage or margin, and carries no liquidation risk. Participation starts from as low as 1.5 USDT, with automatic settlement at expiration, making it suitable for beginner short-term traders.

Meanwhile, Gate is launching the Event Contracts Premier Carnival from July 21, 10:00 (UTC+8). Users who click "Participate Now" to register can trade and share in a total airdrop reward of $50,000. The event features a three-tier incentive mechanism. First Trade Loss Coverage: The first 2,000 users incurring a loss on their first trade will receive compensation, capped at $5 per person. Profit Doubling Reward: Net profits during the event period are eligible for doubling, distributed based on profit ranking from high to low, capped at $500 per person. Trading Sprint Reward: Users with a cumulative buy and sell trading volume of ≥ $1,000 will share a prize pool proportionally based on their trading volume, with a maximum of $1,000 per person.