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Current number of participants
0
Current total prize pool
2 BTC
-
Participants
Pool
200
2 BTC
500
5 BTC
1000
10 BTC
2000
20 BTC
4000
40 BTC
6000
60 BTC
8000
80 BTC
10000+
100 BTC
Participants
Pool
200
2 BTC
6000
60 BTC
10000+
100 BTC
The more participants we have, the bigger the prize pool.
Team Rankings
Ranking
Team
Captain
Members
ROI
Prize
Action
No matching team found
Team
ROI
Prize
No matching team found
Individual PNL Top 10
Ranking
Username
PNL
Prize
No matching team found
Username
PNL
Prize
No matching team found
Team Awards 
Top 1 25% of the total prize pool
Top 2 15% of the total prize pool
Top 3 8% of the total prize pool
Top 4-10 30%
of the total prize pool equally- 78% of the final prize pool will be allocated to pay team awards.
- Each captain of a winning 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.
- Calculation formula for Individual Return On Investment (ROI):Individual PNL / (BTC Trading Account initial net balance + incoming transfers during the event + commission income during the event + bonuses received during the event)
- Calculation formula for Team Return On investment (ROI):Take the average ROI of the top 25% of team members. When the total number of team members is less than 40, take the average ROI of the top ten team members.
Individual Awards 
Top 1 8% of the total prize pool
Top 2 5% of the total prize pool
Top 3 2% of the total prize pool
Top 4-10 7%
of the total prize pool equally- 22% of the final total prize pool will be allocated to pay individual awards.
- 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
Competition Timeline
Captain Registrations
09-24 03:00（UTC）
10-23 24:00（UTC）
Player Registrations
10-09 00:00（UTC）
10-23 24:00（UTC）
Competition Start/End
10-24 00:00（UTC）
11-07 24:00（UTC）
Awards
11-12 00:00（UTC）
Other Rules
- This is a BTC/USD perpetual contract trading competition only. All calculations will be based on BTC Trading Account data.
- 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 0.02 BTC at the time of registration.
- Once the competition begins, if a user's BTC Trading Account net value is below 0.02 BTC, the initial net value will still be calculated as 0.02 BTC.
- 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.
- Once the competition starts, Team and Individual rankings will be updated every hour.
- Awards will be distributed within 5 days after the competition ends.
- 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.
- Sub-accounts cannot count as individual participants in this competition.
- Phemex reserves the right to make any final and binding detemrinations on these rules.
Other Benefits
All successfully registered participants are invited to follow Phemex's social media accounts. For the entire duration of the competition, Phemex will reward random followers with daily merch and 1,000 USD Trading Bonus giveaways. Twitter
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