Current total prize pool
0
USD
Current number of participants
0
The End
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Note: Only accounts with transaction volumes exceeding 500 USD during the competition period will be eligible to receive awards.
Team
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Team Awards
First Place
25% of the total prize pool
Second Place
15% of the total prize pool
Third Place
8% of the total prize pool
Top 4-10
30% of the total prize pool equally
- 1. 78% of the final prize pool will be allocated to pay team awards.
- 2. Each captain of a winning team will receive 40% of their team's award. The Top 10 team members of each winning team will share 30% of their team's award equally. All other team members will share the remaining 30%. If a winning team has less than 20 members, the captain will receive 40% of the team's award while the other 60% will be divided equally among the rest of the team members. Accounts with transaction volumes below 500 USD during the competition period will not be eligible to receive any awards. Unallocated prizes will not be allocated to others
- 3. Calculation formula for Individual Return On Investment (ROI):Individual PNL / (Contract Account initial net balance + incoming transfers during the event + commission income during the event + bonuses received during the event)
- 4. Calculation formula for Team Return On investment (ROI):Take the average ROI of the top ten team members.
- 5. Whichever ROI is higher between your BTC trading account and USD trading account will count as the final individual ROI.
- 6. We have a brand new reward for Team Captains. Any individual that can successfully form a team will receive a prize that varies based on team size.Team Size and Captain Rewards:
Team Members
Rewards for Captain
10
$300
20
$500
30
$700
50
$1300
100
$2500
150
$4000
200
$6000
Rules for Team Captains:
1. All Team Member‘s BTC Trading Account must have net balance of at least 0.005 BTC or USD Trading Account must have net balance of at least 100 USD at the start of the competition.
2. Only team members with a transaction volume of 500 USD or more during the competition will be counted as valid team members towards the captain reward.
3. Captain prizes for Team formation will be distributed as USDT.
Individual Awards
First Place
8% of the total prize pool
Second Place
5% of the total prize pool
Third Place
2% of the total prize pool
Top 4-10
7% of the total prize pool equally
- 1. 22% of the final total prize pool will be allocated to pay individual awards. First place will receive 8% of the total prize pool, second place will receive 5% of the total prize pool, third place will receive 2% of the total prize pool, and the Top 4-10 will share 7% of the total prize pool.
- 2. Calculation formula for Individual Profit and Loss (PNL):BTC Trading account current net value (balance + unrealized PNL) - BTC trading account initial net value (balance + unrealized PNL) + outgoing transfers during the event - incoming transfers during the event - commission income during the event - bonuses received during the event + USD Trading account current net value (balance + unrealized PNL) - USD trading account initial net value (balance + unrealized PNL) + outgoing transfers during the event - incoming transfers during the event - commission income during the event - bonuses received during the event
Competition Timeline
Registration stage（UTC）
1970-01-01 00:00:00
1970-01-01 00:00:00
Competition stage（UTC）
1970-01-01 00:00:00
1970-01-01 00:00:00
Prizes distribution stage（UTC）
1970-01-01 00:00:00
1970-01-01 00:00:00
Other Rules
- All perpetual contracts are available for this competition excluding the inverse ETHUSD contract. All calculations will be based on the BTC Trading Account and USD Trading Account.
- Once member registration opens, Phemex users can sign up to join any team of their choice. A user's BTC Trading Account net value must be at least 0.005 BTC or USD Trading Account net value must be at least 100 USD at the time of registration.
- Once the competition begins, if the BTC trading account net value is below 0.005 BTC or USD trading account net value is below 100 USD, the BTC trading account initial net value will still be calculated as 0.005 BTC and the USD trading account initial net value will still be calculated as 100 USD.
- Once you have successfully joined a team, you can no longer change teams.
- Teams have no restrictions for maximum amount of members, but must have a minimum of 10 members. If a team has less than 10 members by the time the competition starts, the team will be disbanded and members will be randomly assigned to other teams that meet the requirements.
- Awards will be distributed within 7 days after the competition ends. Prize will be distributed in ВТС.
- The following actions will result in immediate disqualifications of both teams and individuals.(1) Batch account registrations(2) Profits from market manipulation(3) Reverse transactions between team members to yield higher ROI's for a certain percentage of the team at the expense of the rest.(4) No API users are allowed.
- Sub-accounts cannot count as individual participants in this competition.
- The final amount of BTC issued is subject to the OTC Settlement Rate exchange rate on the day of issue, and Phemex has the final right to interpret the converted price.
- Phemex reserves the right to make any final and binding determinations on these rules.
- Trading bonuses and Captain rewards will be issued during the prize distribution phase.
- Team captains can apply to become Top Traders, then team members can use our one-click copy trading feature to copy your positions and improve team synergy!
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