Trading enthusiasts and crypto investors are gearing up for one of the most anticipated monthly events on the OKX platform — the Jadoodoo August Trading Competition. Designed to reward skill, strategy, and consistent performance in the volatile world of digital assets, this competition offers participants a chance to showcase their trading prowess while competing for recognition and potential rewards.
Whether you're a seasoned trader or looking to test your abilities in a competitive environment, this event provides a structured and transparent framework to measure success. Below is a comprehensive breakdown of everything you need to know to participate effectively.
📅 Competition Timeline
The Jadoodoo August Trading Competition runs on a clearly defined schedule to ensure fairness and accessibility for global participants.
- Registration Period: 1 August 2024 00:00 UTC – 30 August 2024 23:59 UTC
- Competition Period: 1 August 2024 00:00 UTC – 31 August 2024 23:59 UTC
Note that while registration closes on 30 August, the competition itself extends through the full calendar month. Participants must ensure they complete enrollment before the cutoff to be eligible.
👉 Discover how to maximize your trading edge during the competition period.
✅ Eligibility Requirements
To qualify for the Jadoodoo August Trading Competition, participants must meet several key criteria:
- Enrollment Confirmation: Simply clicking “Join now” isn’t enough — users must verify that the button status changes to “Enrolled.” Without this confirmation, participation will be considered invalid.
Consent for Public Data Display: By enrolling, traders agree to have their Profit and Loss Percentage (PNL%), OKX UID, email address, and rank displayed publicly on the leaderboard. This data is shared transparently but does not include sensitive financial or identity details beyond what's necessary for ranking transparency.
If you wish to withdraw consent at any point, contact OKX support directly.
- Affiliate Invitee Status: This event is exclusive to users who registered via a Jadoodoo affiliate link or entered an affiliate invitation code during account creation.
- KYC Verification: All participants must complete identity verification (KYC) to be eligible for any potential rewards.
- Main Account Participation Only: Sub-accounts are not allowed. Only activity from the main trading account counts toward qualification and performance metrics.
💼 Asset & Trading Volume Requirements
Meeting minimum thresholds is essential to qualify for leaderboard inclusion.
Asset Qualification
- Your main trading account must reach a balance of at least 300 USDT at any time during the Competition Period.
- Once this threshold is met, the PnL Period begins — starting from that moment and lasting until the end of the competition.
Trading Volume Criteria
- Participants must generate a minimum of 50,000 USDT in trading volume using USDT perpetual contracts during the PnL Period.
- Volume from other products (e.g., spot, options) does not count.
- If volume requirements aren’t met, your score will be marked as invalid and removed from rankings.
Minimum Participation Threshold
- The competition will only proceed if at least 10 qualified users enroll and meet all conditions.
- Should this threshold not be reached, the event will be canceled with no liability assumed by OKX.
📊 Valid Trading Instruments
Only specific trading pairs contribute to your competition standing.
- Eligible Contracts: USDT-margined perpetual swaps only.
Trading volume is calculated based solely on your own capital — excluding benefits from platform incentives such as:
- Rebate cards
- Contract vouchers
- Bonus credits
This ensures a level playing field where results reflect genuine trading activity rather than promotional advantages.
🧮 How P&L Is Calculated
Understanding the profit and loss calculation is crucial for strategic planning. The formula used ensures accuracy and fairness across all participants.
Core Formula
P&L% = P&L / (Initial Equity + Total Deposit Amount) × 100%
Where:
1. P&L (Profit and Loss)
P&L = Unrealised P&L + Realised P&L – Initial Unrealised P&L
This adjusts for open positions at the start of your PnL Period, ensuring only new gains or losses during active competition are counted.
2. Initial Equity
- Defined as the USDT balance in your main trading account within the first five minutes of your PnL Period.
- Withdrawals or losses after this point do not affect the Initial Equity value.
3. Total Deposit Amount
Includes:
- USDT transferred from non-trading accounts (e.g., funding wallet) to your main trading account
- USDT earned through spot trades within the main trading account
- USDT obtained via contract vouchers during the PnL Period
Again, withdrawals do not reduce this total — it reflects all inflows during the active period.
4. Initial Unrealised P&L
- The value of your open USDT perpetual swap positions at the very beginning of your PnL Period.
- Subtracted from final calculations to eliminate bias from pre-existing positions.
👉 Learn advanced strategies to optimize your P&L performance in high-volatility markets.
❓ Frequently Asked Questions (FAQ)
Q: Can I join if I didn’t use an affiliate link?
No. Participation is strictly limited to users who registered through Jadoodoo’s affiliate channel — either by using a referral link or entering an invitation code during sign-up.
Q: Does spot trading volume count toward the 50,000 USDT requirement?
No. Only USDT perpetual contract trades contribute to the required trading volume. Spot, margin, and options trading do not qualify.
Q: What happens if my balance drops below 300 USDT after qualifying?
Once you’ve met the 300 USDT threshold and entered the PnL Period, subsequent balance changes do not disqualify you. The requirement is based on peak balance during the Competition Period.
Q: Are deposits made after the PnL Period starts included in the calculation?
Yes. Any USDT deposited into your main trading account during the PnL Period contributes to the Total Deposit Amount, which is factored into your final P&L%.
Q: Can sub-account trading be merged with my main account?
No. Only activity from the main account is tracked. Sub-account trades are ignored entirely for both volume and equity calculations.
Q: Will my personal information be safe on the leaderboard?
Only limited data — OKX UID, email address, rank, and PNL% — is displayed. No private financial details, API keys, or withdrawal histories are exposed.
🔑 Key Takeaways for Success
To thrive in the Jadoodoo August Trading Competition, focus on these core actions:
- Register early — Ensure enrollment is confirmed before 30 August.
- Meet asset threshold quickly — Reach 300 USDT early to extend your PnL Period.
- Trade actively with USDT perpetuals — Hit 50,000 USDT volume using eligible pairs.
- Monitor your P&L dashboard — Track progress against others in real time.
- Avoid relying on bonuses — Vouchers and rebates don’t count toward volume.
Trading competitions like this aren't just about winning — they’re opportunities to refine strategy, analyze risk, and benchmark performance in real market conditions.
👉 Start building your competitive edge today on a trusted global platform.
Final Thoughts
The Jadoodoo August Trading Competition offers a dynamic arena for traders worldwide to prove their skills in a transparent, rule-based environment. With clear metrics, fair calculations, and public leaderboards, it promotes accountability and excellence in digital asset trading.
By understanding eligibility rules, mastering P&L mechanics, and focusing on valid trading instruments, participants can position themselves for strong performance — regardless of market direction.
Remember: success isn’t just about returns; it’s about consistency, discipline, and playing by the rules. Prepare wisely, trade strategically, and make the most of this limited-time opportunity.
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