Five Torches. Five Prize Pools. 300 USDT Up for Grabs!
The Mixin Flame Rush Challenge is officially live!
During the event, Trade Perps with designated opening amounts, compete based on your cumulative net P&L, unlock your corresponding Torch Tier, and share its dedicated prize pool!
Whether you finish in profit or loss, you still have a chance to earn rewards!
Five Torch Tiers, five independent prize pools! Your final cumulative net P&L determines your tier, and all eligible participants within each tier share its prize pool equally!
1. Event Period
October 20, 2026, 16:00 – October 23, 2026, 21:00 (UTC+8)
No registration required. All eligible Trade Perps orders will be automatically tracked by the system.
2. Five Torch Tiers & Prize Pools
Total Prize Pool: 300 USDT
| Torch Tier | Cumulative Net P&L | Prize Pool |
|---|---|---|
| Ember Torch |
< 0 USDT | 30 USDT |
| Spark Torch |
0 ≤ P&L < 10 USDT | 40 USDT |
| Flame Torch |
10 ≤ P&L < 50 USDT | 60 USDT |
| Blazing Torch |
50 ≤ P&L < 100 USDT | 80 USDT |
| Sacred Torch |
≥ 100 USDT | 90 USDT |
Each prize pool is calculated independently, and each Mixin ID can qualify for only one prize pool.
After the event ends, the system will automatically assign each eligible participant to a Torch Tier based on their final cumulative net P&L.
The prize pool for each tier will be equally divided among all eligible participants assigned to that tier.
3. How to Participate
1. Open a Position with a Designated Amount
During the event, open a position via Trade Perps using any of the following amounts:
11 / 21 / 31 / 51 / 101 / 501 / 1001 USDT/USDC
Only positions opened with these designated amounts qualify for the event.
There are no restrictions on trading pairs, trade direction, or leverage.
2. Open and Fully Close Positions During the Event
Each qualifying position must be both opened and fully closed within the event period.
Complete at least one eligible trade to qualify for the challenge.
3. Accumulate Net P&L and Unlock Your Torch
The system will calculate the cumulative net P&L of all eligible trades under each Mixin ID during the event.
-
Both positive and negative net P&L from eligible trades will be included in the calculation.
-
Your final cumulative net P&L determines your Torch Tier.
-
Each Mixin ID is entitled to only one share of a prize pool, regardless of the number of eligible trades completed.
-
Even if your final cumulative net P&L is negative, you can still qualify for the Ember Torch Prize Pool!
4. How Rewards Are Calculated
Each Torch Tier has a dedicated prize pool, which will be equally shared among all eligible participants in that tier.
Individual Reward = Corresponding Torch Prize Pool ÷ Number of Eligible Mixin IDs in That Tier
Example
User A completes three eligible trades via Trade Perps during the event, with the following “Net P&L” amounts displayed in the app:
-
Trade 1: +50 USDT
-
Trade 2: -15 USDT
-
Trade 3: +30 USDT
Cumulative Net P&L = 50 - 15 + 30 = 65 USDT
User A will automatically qualify for the Blazing Torch Tier (80 USDT Prize Pool).
Assuming there are 10 eligible participants in this tier:
80 ÷ 10 = 8 USDT
User A will receive 8 USDT in rewards.
Actual rewards are subject to the final number of eligible participants in each tier and Mixin’s verification results.
5. Event Rules
-
One Reward per Mixin ID: Each Mixin ID is eligible for only one reward share. Participants cannot claim rewards from multiple Torch Tiers.
-
Empty Prize Pools: If a Torch Tier has no eligible participants, its prize pool will not be distributed.
-
Prohibited Trading Activities: Demo trading, wash trading, matched trading, deliberately generating abnormal losses, bulk account registration, linked accounts, multi-IP or multi-device abuse, bot trading, and other abnormal or manipulative trading activities are strictly prohibited. Violators will be disqualified from the event and forfeit their rewards.
-
Data Verification: All event data, eligible trades, and final rewards are subject to Mixin’s backend records and verification results.
-
Adding to Positions: The initial opening amount must match one of the designated amounts: 11 / 21 / 31 / 51 / 101 / 501 / 1001 USDT/USDC. Once the initial position qualifies, participants may add to the position without restrictions on the amount or number of additions. Subsequent additions do not affect the eligibility established by the initial opening amount.
-
Partial Position Reductions and Closing Rules: Partial position reductions are allowed during the event. However, the qualifying position must be fully closed before the event ends to be counted as an eligible trade. The realized net P&L from all partial reductions and the final closure of that position will be combined for calculation. Any position that remains partially or fully open when the event ends will be excluded.
-
Final Interpretation: Mixin reserves the right of final interpretation of this event.
Four Days. Five Torches. One Fiery Challenge!
From Ember to Sacred, every Torch Tier has its own dedicated prize pool!
Trade Perps with designated opening amounts, compete based on your cumulative net P&L, and share 300 USDT in rewards!
Risk Warning: Trade Perps involves significant risks and may result in the loss of your principal. Please use leverage responsibly, manage your positions carefully, and trade within your risk tolerance. Event rewards do not constitute a guarantee of profits
40 USDT Prize Pool | Net Profit: 0–10 USDT (6 Traders)
30 USDT Loss Compensation Pool (8 Traders)
Event Ends: Oct 23, 21:00 (UTC+8)
Note: Daily leaderboards will be updated based on actual trading results. Rankings and prize pool eligibility are subject to change. Final results will be determined after the event ends and all entries have been verified.
90U Prize Pool | Net Profit ≥100U (2 Traders)
80U Prize Pool | Net Profit 50–100U
Congratulations to all 44 winners!