Svmuu News: According to official reports, Gate’s brand-new lightweight trading product, Event Contracts, has officially launched. After updating the Gate App to version 8.28.5, users can access the dedicated trading section in the Contracts tab. The product focuses on predicting short-term price movements of BTC and ETH. It requires no leverage or margin, carries no risk of liquidation, and allows participation with as little as 1.5 USDT. Contracts are automatically settled upon expiration, making it ideal for novice day traders.
Meanwhile, Gate is launching the “Event Contracts Launch Celebration” on July 21 at 10:00 (UTC+8). Users who click “Join Now” to register can trade and share in a total airdrop reward pool worth $50,000. The event features a three-tier incentive system. First-Trade Loss Reimbursement: The first 2,000 users who incur a loss on their first trade will be reimbursed, up to a maximum of $5 per person; Profit Doubling Bonus: Net profits made during the event period will be doubled; rewards are distributed based on profit from highest to lowest, with a maximum of $500 per person; Trading Sprint Bonus: Users with a cumulative buy/sell trading volume of $1,000 or more will receive rewards based on their share of total trading volume, with a maximum of $1,000 per person.