The daily competition starts on MM/DD/YYYY at 00:00 UTC and ends on MM/DD/YYYY at 00:00 UTC
Trading cycle: Monday 00:00 UTC to next Monday 00:00 UTC
In weekly competition, we look at 2 aspects:
Absolute payout: The sum of all individual net trade profits and losses
Win Rate (%): Calculated as (total trades won / total trades) * 100)
Every trade opened on the platform during the competition will be included in the weekly trading competitions leaderboard.
There would be 30 winners in each trading cycle.
Category A: The top 10 traders with the highest absolute payout also known as Winners (by PnL)
Category B: The top 10 traders with the lowest absolute payout also known as Losers (by PnL)
Category C: The top 10 traders with the highest win rate also known as Winners (by Win rate)
Category A: At least 3 trades in the trading cycle.
Category B: At least 3 trades in the trading cycle.
Category C: At least 5 trades in the trading cycle & trading volume of $100.
Competition rewards are sourced from the USDC reward pool, comprising 10% 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 | Winner by PnL | Loser by PnL | Winner by Win rate |
|---|---|---|---|
#1 | 16% of USDC Reward Pool | 16% of USDC Reward Pool | 8% of USDC Reward Pool |
#2 | 4% of USDC Reward Pool | 4% of USDC Reward Pool | 2% of USDC Reward Pool |
#3 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#4 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#5 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#6 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#7 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#8 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#9 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
#10 | 2.5% of USDC Reward Pool | 2.5% of USDC Reward Pool | 1.25% of USDC Reward Pool |
Rewards for each trading cycle will be distributed within 7 days after that cycle ends.
