Gate launches BTC, ETH and FOMC event contract campaigns with $20,000 rewards
Gate introduced short-term BTC and ETH event contracts, then launched a July 29 FOMC rate-decision event contract promotion, alongside broader deposit, trading and Launchpool incentives worth up to 200,000 USDT.
Gate launched short-duration event contracts for BTC and ETH with prediction windows of 5 minutes, 15 minutes, 1 hour and 4 hours, supported by a $20,000 campaign that began at 10:00 UTC+8 on July 27 and included up to $5 compensation for the first 4,000 users whose first trade posted a loss. It later announced a separate FOMC rate-decision event contract campaign starting July 29 at 12:00 UTC+8, also offering a $20,000 airdrop through what it described as a dual-incentive structure tied to trading activity. Separately, Gate said a broader user campaign runs from July 27 18:00 to Aug. 11 18:00 UTC+8 with a 200,000 USDT prize pool, a 50 USDT deposit reward for eligible users, and a Launchpool SpaceX stock-asset airdrop running from July 28 20:00 to Aug. 11 20:00 UTC+8.
- event contracts: Short-term trades or contracts that let users take a view on whether an asset or event outcome will move up or down over a set period.
- FOMC: Federal Open Market Committee, the U.S. Federal Reserve's rate-setting panel.
- Launchpool: A reward program that distributes assets to users who stake specified tokens.