Can you trade gold and silver too? Gate Perp DEX launches a contest to share a 30,000 USDT prize pool

Gate Perp DEX is launching the “Gold & Silver Trading Competition,” running from January 15 to January 22 for a total of 8 days, with a prize pool of 30,000 USDT. This event is the first to bring on-chain perpetual contracts trading for mainstream safe-haven assets like gold (XAU) and silver (XAG), attracting new users through a dual reward mechanism.

Detailed Explanation of the Event Rules

This competition adopts a “New User First Trade Reward + Trading Volume Ranking” dual mechanism:

Beginner-Friendly Participation Threshold

A minimum trading amount of 100 USDT is relatively gentle for newcomers. More importantly, new users can earn rewards just by completing their first trade, which effectively lowers the trial-and-error cost. For users interested in experiencing on-chain perpetual contracts but still on the fence, this is a great entry opportunity.

Trading Volume Ranking Competition Mechanism

A cumulative trading volume of 10,000 USDT is required to enter the leaderboard. This setup ensures active participation and incentivizes users to increase their trading frequency through the ranking system. The reward cap of 3,000 USDT per address means that this amount is allocated to truly active traders.

Why Choose XAU and XAG

Gold and silver, as traditional safe-haven assets, are playing an increasingly important role in crypto market perpetual contracts. According to Gate’s latest December transparency report, Gate Perp DEX’s monthly trading volume has exceeded 10 billion USDT, positioning it as a leading player in the on-chain derivatives market. Choosing XAU and XAG as the event’s main assets reflects the rising market demand for trading these types of assets.

Platform Background Support

As an on-chain derivatives trading platform within the Gate ecosystem, Gate Perp DEX has established a relatively mature trading infrastructure. Not only does it support XAU and XAG, but the platform is also continuously expanding its trading categories — recently launching “Black Horse” perpetual contracts (supporting 1-20x leverage). This ongoing innovation demonstrates Gate’s sustained investment in the on-chain derivatives space.

Summary

The core value of this trading competition is: firstly, lowering the barrier for new users to experience on-chain perpetual contracts; secondly, attracting genuine trading volume through a substantial prize pool of 30,000 USDT; thirdly, meeting market demand for safe-haven asset trading. For users interested in trying gold and silver trading or with existing trading experience, this is a relatively friendly participation window. The key point is that the event lasts only 8 days, so missing it means waiting for the next opportunity.