đī¸Daily competition
Competition Duration
The daily competition starts on MM/DD/YYYY at 00:00 UTC and ends on MM/DD/YYYY at 00:00 UTC
Trading cycle: From 00:00 UTC to the next day at 00:00 UTC
Winning criteria
To determine the winners, we look at the Total absolute PnL, which is the sum of an individual's trade profits and losses.
Every trade opened on the platform during the competition will be included in the daily trading competitions leaderboard.
Number of winners
In the daily trading competitions, we'll have two winning categories:
Category 1: The top 10 traders with the highest absolute payout also known as Winners (by PnL)
Category 2: The top 10 traders with the lowest absolute payout also known as Losers (by PnL)
That means we'll have a total of 20 winners for each trading cycle.
Competition rewards
Competition rewards are sourced from the USDC reward pool, comprising 5% of the total trading fees collected for the day. This pool is dynamic, as the reward amount fluctuates according to the daily trading volume on the platform.
USDC Reward distributed for every trading cycle:
| Rank | Winners by PnL | Losers by PnL |
|---|---|---|
#1 | 20% of the USDC reward pool | 20% of the USDC reward pool |
#2 | 5% of the USDC reward pool | 5% of the USDC reward pool |
#3 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#4 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#5 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#6 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#7 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#8 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#9 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
#10 | 3.125% of the USDC reward pool | 3.125% of the USDC reward pool |
Rewards for each trading cycle will be distributed within 7 days after that cycle ends.
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