Campaigns & Events

JOIN COIN98 PERPS ARENA: $25,000 Prize Pool

The ultimate battleground is here! Trade 100+ markets, crush the leaderboard, and claim your share of the massive $25,000 prize pool. 7 days. Zero excuses. Enter the Arena now!

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1. Perpetual Trading Competition

This campaign is a Perpetual Trading Competition hosted on Coin98 Super Wallet, designed to reward users based on real trading activity. Participants compete in two categories: Top Volume (based on total Perpetual trading volume) and Top Invite+ (based on successful referrals).

The prize pool is partially dynamic, scaling with overall trading activity during the campaign period. Rewards are determined by actual performance, not by early participation or registration timing. The campaign runs for a fixed duration of 7 days.

Reward: Up to $25000

Duration: Feb 5, 4:00 AM - Feb 12, 4:00 AM (UTC)

Format: Leaderboard Ranking

2. How to Participate

Simply open Coin98 Super Wallet, no registration, opt-in, or additional setup required.

You can join one or both of the activities:

Go to Referrals, share your referral code with your friend to earn commissions and rank on the Top Invite+ leaderboard.
Go to Futures and start trading Perpetual contracts to compete on the Top Volume leaderboard.

All eligible trades and invites executed during the campaign period will be automatically recorded and counted toward the leaderboard.

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3. Entry Rules

Top Volume

Participants may trade multiple Perpetual pairs. All eligible trading volume is accumulated and calculated based on position size after leverage, not margin.
Eligible trading volume includes open, close and position modify orders on Perpetual Contracts, calculated only from executed trades. Unfilled or cancelled orders are not counted.
Only trades executed natively on the Coin98 Super Wallet app (Android & iOS) are considered valid. Trades made via the DApp Browser are not counted.
Trading volume is calculated regardless of profit or loss, meaning losing trades are counted the same as profitable ones.
There is no minimum balance and no minimum trading volume required to participate in the campaign.

Top Invite+

An invited user is considered valid once they accumulate at least $100 in Perpetual trading volume during the campaign period.
Both direct and indirect referrals are counted.
Any self-invite or use of multiple accounts will be considered invalid.

4. Reward Structure

Top Invite+ (Fixed Reward Pool)

Top Invite+ rewards are distributed from a fixed prize pool of $2,000 USDC, allocated to the Top 20 users based on their final Invite+ ranking during the campaign period.

Rewards are distributed as follows:

Only users with at least one qualified invited trader are eligible to appear on the Invite+ leaderboard.

Top Volume (Dynamic Reward Pool)

Top Volume rewards are distributed to the Top 100 traders ranked by cumulative Perpetual trading volume on Coin98 Super Wallet during the campaign.

The Top Volume prize pool starts at $0 and increases dynamically by $200 USDC for every $1,000,000 in total trading volume generated by all participants during the campaign. The maximum prize pool is capped at $23,000 USDC.

Example:

If total campaign trading volume reaches $10,000,000, the Top Volume prize pool will be:

$200 × 10 = $2,000 USDC.

This amount will then be distributed among the Top 100 traders based on their final leaderboard ranking.

5. Notes

Leaderboards for both Top Volume and Top Invite+ are updated once per day. Rankings are calculated based on cumulative trading volume recorded during the campaign period. Final rankings are determined using data captured at the end of the campaign.
If multiple participants have the same final ranking, the ranking will be determined by who reached the result first.
The winner list announcement and reward distribution will be completed within 7 business days after the campaign ends. Rewards will be distributed in USDC on Arbitrum via Coin98 Vault. The Vault will expire 90 days after distribution, please make sure to claim it before the expiry date.

6. Terms & Conditions

This campaign is a performance-based trading competition, not an airdrop or guaranteed reward program.
Participation does not guarantee rewards.
Perpetual trading involves high market risk, and users are solely responsible for their trading decisions.
Coin98 reserves the right to modify, suspend, or terminate the campaign at any time if necessary due to technical, regulatory, or operational reasons.
Coin98 has the final authority to interpret campaign rules, determine eligibility, validate leaderboard results, and resolve disputes.
All campaign data and reward calculations are subject to Coin98’s internal systems and records as the single source of truth.
Winner list announcement and rewards are distributed within 7 business days after the campaign concludes. Coin98 reserves the right to review, adjust, or revoke rewards if abnormal trading behavior, system abuse, or data inconsistencies are detected.
Any form of wash trading, self-trading, market manipulation, or fraudulent behavior is strictly prohibited. Accounts involved in such activities may be disqualified without prior notice.

FAQ

What is Coin98 Perp Arena?

Coin98 Perp Arena is a Perpetual trading competition on Coin98 Super Wallet.It is designed for traders with real trading intent and is not an airdrop or lucky draw.

Do I need to register or opt in to join?

There is no registration or opt-in required.All eligible trades are automatically counted.

How do I participate in the campaign?

Simply:Open Coin98 Super WalletGo to Referral => Get your ref code and share it with your friendsGo to Futures => Start trading Perpetual contracts

Which trades are counted toward trading volume?

Open (entry), close (exit) and position modify orders are countedOnly executed (filled) trades are includedOnly trades executed natively on Coin98 Super Wallet UI (Android & iOS) are eligible. Trades via the DApp Browser are not eligible.

How often is the leaderboard updated?

Leaderboards (Top Volume & Top Invite+) are updated once per day. Final rankings are determined at the end of the campaign.

When will rewards be distributed?

Rewards will be distributed in USDC on Arbitrum within 7 business days after the campaign ends via Coin98 Vault.

Can I join and earn rewards from both activities?

Yes. You can join both activities at the same time and earn rewards from each, as long as your ranking is high enough to qualify for rewards.

How is perp trading volume calculated?

Perpetual trading volume is calculated based on the position size after leverage is applied, not the margin amount. Participants may trade multiple Perpetual pairs.

When is an invite considered valid?

Invites sent before or during the campaign are eligible. However, a valid invite is counted only when your invitee reaches at least $100 in Perpetual trading volume during the campaign period.

What happens if participants have the same ranking?

If multiple participants have the same final ranking, the ranking is determined by who reached the result first.

Where can I get support?

You can contact Coin98 Support via Live Chat (livechat.coin98.com) for further support.

About Coin98 Super Wallet

Coin98 is a secure, AI-powered financial platform for everyone to do everything onchain. Swap, trade perps, earn, spend & explore dApps across 150+ networks. Trusted by 10M+ users in 170+ countries, Coin98 makes DeFi accessible, intuitive, and secure for everyone.

Frequently Asked Questions (FAQ)

What is the Coin98 Perps Arena competition?

It's a Perpetual Trading Competition hosted on Coin98 Super Wallet, designed to reward users based on real trading activity. Participants compete in two categories: Top Volume and Top Invite+ to win a share of the prize pool.

How can I participate in the Coin98 Perps Arena?

Simply open your Coin98 Super Wallet; no registration or additional setup is required. You can join by trading Perpetual contracts in the Futures section or by sharing your referral code to rank on the Top Invite+ leaderboard.

What are the prize categories and total prize pool?

Participants compete in Top Volume (based on total Perpetual trading volume) and Top Invite+ (based on successful referrals). The total prize pool is partially dynamic and can go up to $25,000, determined by actual performance.

What is the duration of the Coin98 Perps Arena?

The competition runs for a fixed duration of 7 days. It starts on Feb 5, 4:00 AM UTC and concludes on Feb 12, 4:00 AM UTC. Rewards are based on performance during this period.