THELOGICALINDIAN - The Phemex Traders Arena has alternate for a 3rd copy the Race For Glory With rewards up to 750000 paid in Bitcoin traders can accompany or anatomy their teams and attempt for a adventitious to ample their accoutrements and accomplish a name for themselves in the crypto space
As in the antecedent edition, this year’s Phemex Traders Arena will be a antagonism based on the BTC/USD crypto arrangement trading. The barter has absitively to advance its trading rules but has installed new requirements for those attractive to participate.
Anyone signing up charge accept a Phemex BTC Trading annual with an antecedent amount of 0.005 BTC at the time of registration. This action will activate on June 7 until June 20, captains and their aggregation will be accustomed to register.
Once completed, the antagonism will booty abode from June 21 to July 4. Subsequently, aggregation and alone prizes will be broadcast on July 12. Everyone that signs up can potentially acquire a reward. Follow Phemex official Twitter handle to accept accidental circadian commodity prizes.
The award-winning basin for the PT Arena accident will be disconnected into Team Awards and Individual Awards. In total, the Team Awards will aggregate 78% of the final award-winning pool. The aboriginal abode will accept 25% of the total, the additional and third 15%, and 8%, respectively. The 4th to 10th abode will breach 30% of the absolute award-winning pool.
The teams will be ranked based on the Return on Investment (ROI) for 25% of their best traders. If a aggregation has beneath than 40 members, Phemex will account their ROI based on the top 10 trader’s average.
The captains of a acceptable aggregation will accept 40% of their team’s reward. In addition, Phemex has enabled a new accolade for these aggregation associates to be accustomed in affiliation to their team’s size. If a captain can anatomy a aggregation of 10 members, the minimum for the competition, they will be awarded $300. This amount goes as aerial as $6,000 for a 200 associates team.
The final amount of the absolute award-winning basin can go as aerial as $750,000, depending on the final cardinal of participants.
Finally, alone rewards will bulk to 22% of the absolute award-winning pool. The aboriginal abode banker will accept 8% of the absolute award-winning pool, the additional 5%, the third 2%, and the 4th to 10th abode will appropriately breach 7% of the absolute award-winning pool.
Individuals will be ranked based on their Profits and Losses (PnL).
