OKX has launched the "Race to a Million" trading contest with a $1 million prize pool and Formula 1 tickets for top traders.
Cryptocurrency platform OKX has announced a trading competition named "Race to a Million" where participants can compete for a share of a $1 million prize pool. The event is also offering tickets to the Formula 1 Grand Prix in Baku and McLaren merchandise for winners, as detailed on the event's page.
Registration is open until June 28, 2026, with the trading period set from June 8 to July 6. All verified users on the OKX platform are invited to join the contest.
Entrants need to have a minimum balance of 100 USDT to qualify for prizes. Ranking will be based on the trading volume in either spot or derivatives markets, with the total prize pool becoming accessible as participants increase their trading volume.
Distribution of Prizes
The top 10 participants will take home 83% of the total prize pool, distributed as follows:
- First place: 30% (up to 300,000 USDT);
- Second place: 20% (up to 200,000 USDT);
- Third place: 10% (up to 100,000 USDT);
- Fourth place: 5% (up to 50,000 USDT);
- Fifth to tenth places: 3% each (up to 30,000 USDT per trader).
Participants ranked 11th to 100th can claim the remaining 17% based on a minimum trading volume requirement, which varies according to their rank.
Additional Incentives
Beyond trading bonuses, winners will also receive Formula 1 tickets. Furthermore, among the top 100 traders, five TradingView Premium subscriptions will be raffled off.
Those achieving a trading volume of at least 10,000 USDT will be eligible for a YouTube giveaway offering one-day Formula 1 tickets and McLaren merchandise. Additionally, users with trading volumes reaching $2.5 million in derivatives or $500,000 in spot trades will earn VIP+1 status.
Awards are set to be distributed within 15 business days post-tournament. The trading bonuses can be utilized to offset expenses such as fees or realized losses.
This event follows OKX's recent launch of a Mastercard that offers up to 5% cashback and annual yields of up to 10% on deposits.
