THELOGICALINDIAN - Phemex is alms up to 750000 in prizes for acceptable traders in the third Trading Arena antagonism to be captivated this month
Phemex, a trading belvedere run by above Morgan Stanley executives, is ablution the third copy of its Trading Arena competition. Traders attempt for a Bitcoin accolade basin of up to $750,000, depending on the cardinal of participants.
Up to $750,000 in Prizes
Teams of traders will attempt in the third copy of Trading Arena. You can administer to advance your own aggregation on the Crypto Trading Competition landing page. Captain and aggregation allotment is from June 7 – June 20, and the antagonism itself begins on June 21 and ends on July 4.
Teams charge accept at atomic 10 associates to attempt — any teams that don’t accommodated this minimum claim will be disbanded and associates will be assigned to added teams.
Team rankings will be based on the boilerplate Return on Investment (ROI) of anniversary team’s top 25% best traders. If a aggregation has beneath than 40 members, rankings will be affected based on the top 10 trader’s boilerplate ROI instead.
All participants will additionally be ranked and adored at an alone level. Unlike aggregation rankings, alone array will be based on Profits and Losses (PnL).
To access the competition, traders charge to accept a Phemex BTC Trading Account with an antecedent net amount of 0.005 BTC at the time of registration. All traders will accept a $5 trading benefit for demography part.
Prize Pool and Awards Breakdown
The award-winning basin for PT Arena 3: Race for Glory depends on how abounding participants there are, the added participants, the bigger the award-winning pool.
For the third copy of Trading Arena, Phemex has formed out a cast new accolade for Aggregation Captains. Any alone that can auspiciously anatomy a aggregation will accept a award-winning that varies based on aggregation size.
The final award-winning basin will be disconnected into two accolade categories: Team Awards and Individual Awards.
Team Awards bulk to 78% of the final award-winning pool. The breakdown goes like this:
Individual Awards bulk to 22% of the final award-winning pool. The breakdown goes like this:
Calculation Formulas and Additional Details
Information about how Phemex will account the formulas for alone ROI and aggregation ROI can be found here.
To appearance any added rules, award-winning breakdowns, and requirements for this competition, arch to the Phemex landing folio here.
All auspiciously registered participants are arrive to chase Phemex’s official Twitter. For the absolute continuance of the competition, Phemex will accolade accidental followers with circadian merchandise.
