THELOGICALINDIAN - Let the amateur activate the Trading Olympics are now live
The Phemex barter has announced and launched the Phemex Olympics: United Through Trading competition, the latest in a alternation of aggressive and educational contest captivated this year.
Following the Olympics theme, the trading antagonism is disconnected into two categories — weightlifting and sprinting.
Olympic Traders: Weightlifting
The weightlifting class is based on trading volume, and those with the accomplished aggregate will accept the better rewards.
There are 10 ranks in this category.
The top 10 “heavy lifters” in this class will accept added rewards and ability based on their ranking.
In cases area traders accept according volume, the banker who abutting the antagonism aboriginal will be ranked higher. All aggregate charge be from arrangement trading, and all arrangement pairs on the barter are allowed. API users may not participate.
Olympic Traders: Sprinting
The sprinting antagonism is, of course, based on speed. The acceptable traders are those who hit 500% ROI in the beeline time period. Both accomplished and abeyant PNL calculation appear the 500% goal.
Participants charge accept a minimum of 0.003 BTC in their trading annual to register. The aboriginal 10 users to hit 500% ROI are absitively as the winner, and in the case that ten traders do not accommodated this goal, those with the accomplished ROI will win.
Traders who abutting aboriginal are ranked aboriginal in the accident of a tie. Only BTC/USD trading is counted for the sprinting competition, and clashing the weightlifting category, API users may participate.
Competition Details
The antagonism will be captivated from July 30, 8 AM UTC-August 13, 8 AM UTC, and award-winning administration will booty abode on August 20.
Visit the Phemex Olympics competition folio to annals for the contest and clue your progress.
Prizes will be broadcast as BTC aural 15 canicule afterwards the end of the competition. Amounts are accountable to OTC adjustment barter rates. Batch annual registration, bazaar manipulation, and API use for the weightlifting antagonism will aftereffect in disqualification. Only capital accounts may be used, and users may participate in either or both antagonism categories as preferred.
The accident comes a ages afterwards Phemex launched its last trading competition in which traders could win up to $750,000 in award-winning money. The barter has declared that the advancing 2021 Olympics provided the afflatus for this event.
