The Hamster Hustle: HMSTR Trading Competition is a dynamic, performance-driven trading event designed for active traders in select Southeast Asian markets. Hosted on OKX, this high-stakes competition rewards participants based on both profitability (P&L%) and trading volume, with a prize pool of up to 1,300,000 $HMSTR tokens. Whether you're a seasoned derivatives trader or aiming to sharpen your skills, this event offers a unique opportunity to showcase your strategy and compete for substantial rewards.
To ensure clarity, fairness, and transparency, the competition follows a well-defined structure covering eligibility, trading rules, scoring methodology, and reward distribution.
📅 Event Timeline
- Registration Period: 20 September 2024, 17:00 (GMT+8) – 4 October 2024, 23:59 (GMT+8)
- Competition Period: 23 September 2024, 12:00 (GMT+8) – 4 October 2024, 23:59 (GMT+8)
👉 Join the HMSTR trading challenge and boost your chances to win big today.
All participants must complete registration by clicking the “Join Now” button on the official campaign page. Your status should change to “Enrolled” to confirm valid participation. Late or incomplete registrations will not be considered.
✅ Eligibility Requirements
To qualify for the competition, users must meet the following criteria:
- Geographic Availability: Open exclusively to selected OKX users from Southeast Asia, excluding Brunei, Myanmar, Timor-Leste, Malaysia, Singapore, and Vietnam.
- Account Type: Participation is limited to main accounts only. Sub-accounts are not eligible, and their trading activity will not count toward the main account’s performance.
- Identity Verification: Participants must complete Advanced KYC verification to qualify. You can check your verification status here.
- Single Campaign Rule: Each user may only participate in one OKX trading campaign at a time. If registered for multiple events, only the most recent registration will be eligible for rewards.
OKX reserves the right to disqualify any participant found violating these rules or engaging in suspicious behavior.
🛠️ Valid Trading Activity
Only specific trading activities contribute to your competition score:
- Eligible Instruments: USDT-margined perpetual swap contracts are the only valid trading pairs.
- Funding Source: Trading volume is calculated based solely on trades made with your own funds.
- Excluded Rewards: Trades using platform incentives such as rebate cards, contract vouchers, USDC fee waivers, or experience coupons do not count as valid volume.
- Exception: Trading bonus rewards (e.g., futures credit earned upon registration) are included in valid trading volume.
There are no restrictions on trade size, direction (long/short), or number of trades—only volume and profitability matter.
🏆 Prize Pool & Distribution
The total prize pool is dynamic, scaling with participation:
| Participant Threshold | Prize Pool Size |
|---|---|
| 100 – 1,000 | 100,000 $HMSTR |
| 10,000 | 500,000 $HMSTR |
| 23,000 | 1,000,000 $HMSTR |
| 30,000 | 1,300,000 $HMSTR |
The maximum prize pool of 1.3 million $HMSTR tokens is unlocked when at least 30,000 qualified participants join.
The prize pool is split into two categories:
1. P&L% Rewards (40% of total prize pool)
Awarded to the top 20 traders based on percentage return on equity:
- Rank 1: 30%
- Rank 2: 20%
- Rank 3: 10%
- Ranks 4–5: 10% (combined)
- Ranks 6–10: 15% (combined)
- Ranks 11–20: 15% (combined)
2. Trading Volume Rewards (60% of total prize pool)
Distributed among the top 20 traders by cumulative USDT perpetual swap volume:
- Rank 1: 30%
- Rank 2: 20%
- Rank 3: 10%
- Ranks 4–5: 10% (combined)
- Ranks 6–10: 15% (combined)
- Ranks 11–20: 15% (combined)
👉 Maximize your trading edge and aim for top-tier rewards in the HMSTR competition.
📊 Performance Calculation: How Scores Are Determined
To ensure fairness, OKX uses a precise formula to calculate each participant’s P&L performance.
P&L% Formula:
P&L% = P&L / (Initial Equity + Total Deposit Amount) × 100%
Where:
- P&L = Realized P&L + Unrealized P&L – Initial Unrealized P&L
- Initial Equity: The USDT balance in your main trading account within the first five minutes of either the competition start or your enrollment—whichever is later.
Total Deposit Amount: Includes:
- USDT transferred from non-trading accounts to your main account
- USDT earned from spot trades within the main account
- USDT obtained via contract vouchers
- Initial Unrealised P&L: The value of open USDT perpetual positions at the start of the competition
Before meeting the asset threshold (100 USDT), performance is calculated using the threshold amount. After qualification, actual equity and deposits are used.
🎯 Qualification Criteria for Leaderboard Inclusion
To appear on the leaderboard and qualify for rewards, traders must meet both conditions:
- Asset Balance Requirement: Maintain at least 100 USDT in your main trading account at any point during the competition period.
- Trading Volume Requirement: Achieve a minimum of 10,000 USDT in USDT perpetual swap trading volume during the competition.
Users failing either criterion will be excluded from prize calculations.
Additionally, the competition requires a minimum of 100 qualified participants to proceed. If this threshold isn’t met, the event will be canceled without liability to OKX.
❓ Frequently Asked Questions (FAQ)
Q: Can I use sub-accounts to trade and count toward my score?
A: No. Only activity from your main account is eligible. Sub-account trades are not counted.
Q: Do rebates or fee waivers count toward my trading volume?
A: No. Trades using rebate cards, vouchers, or USDC fee waivers are excluded from valid volume calculations.
Q: When will rewards be distributed?
A: Prizes will be distributed within 30 working days after the event ends. OKX may delay distribution for risk checks or compliance reviews.
Q: What happens if I get disqualified?
A: Disqualification may result from multi-accounting, wash trading, fake KYC data, or other manipulative behaviors. OKX reserves full discretion in such decisions.
Q: Are there tax implications for winning?
A: Yes. Winners are solely responsible for any applicable taxes, fees, or charges related to receiving and managing their rewards.
Q: Can I join if I’m not from Southeast Asia?
A: Participation is limited to selected users from Southeast Asia (excluding specific countries). Check eligibility based on your region and KYC details.
👉 See if you qualify and start building your strategy now.
⚠️ Risk Disclosure & Terms
Digital asset trading carries significant risk. Prices are highly volatile and may result in partial or total loss of investment. This competition does not constitute financial advice. Participants should:
- Understand the risks of derivatives trading
- Only invest what they can afford to lose
- Consider their risk tolerance and financial goals
- Seek independent financial advice if needed
OKX reserves the right to:
- Modify or cancel the competition at any time
- Disqualify users for fraudulent or abusive behavior
- Interpret rules at its sole discretion
All decisions by OKX are final. By participating, users agree to these terms and acknowledge that translated versions are for reference only—the English version governs in case of discrepancies.
🔑 Core Keywords
- HMSTR trading competition
- USDT perpetual swap
- OKX trading event
- P&L% rewards
- Trading volume leaderboard
- $HMSTR token prize
- Derivatives trading challenge
- Advanced KYC verification
Don’t miss your chance to prove your trading prowess in one of the most competitive crypto events of the year. With clear rules, transparent scoring, and life-changing rewards up for grabs, the Hamster Hustle is more than a contest—it’s your next breakthrough moment.
Rewards subject to change. Full terms apply.