How users can participate:
Register here (CLICK HERE)
Trade Derivatives or Spot to grow their P&L (%) and trading volume to rank on the leaderboard and win prizes!
The top traders will stand to get a cut out of 40% of the total prize pool.
Additionally, the top 4 traders will also win an extra mystery grand gift worth $50,000 each 🎉
1. Prize Pool - The cut a participant stands to win will be determined by the number of participants.
2. Prize pool distribution - 40% of total prize goes to P&L (%) winners; 40% of total prize goes to Spot
Trading Vol winners; 20% of total prize goes to winners who are the fastest to hit 500% in P&L (%).
- 0 BTC | 0 ETH | 0 EOS | 0 XRP | 0 USDT
- P&L (%) Ranking: BTC, ETH, EOS, XRP, and USDT contracts
- Spot Ranking: All Spot pairs
- Fastest to hit 500% in P&L (%) Ranking: BTC, ETH, EOS, XRP, and USDT contracts
- Feb.1, 2022, 00:00AM UTC to Feb.12, 2022, 11:59PM UTC
- Feb.1, 2022, 00:00AM UTC to Feb.14, 2022, 11:59PM UTC
1. If a participant's trading volume does not meet the volume requirement in any of the cryptocurrencies,
the P&L (%) of the cryptocurrency with the highest P&L (%) will be listed in the ranking, but the participant
will not be awarded, unless the volume requirement is met before the end of each competition.
2. If two participants produce the same P&L(%) or Effective P&L (%), the final ranking will be determined by their
total trading volume.
3. The Effective P&L (%) is the P&L (%) of a coin that has met the trading volume requirements.
4. If two participants produce the same trading volume, the final ranking will be determined by the time hit the
trading volume.
Prize Pool & Rewards Criteria:
1. The maximum prize pool for the whole competition is 1,200,000 USDT.
2. The final results will be shown on the main page once confirmed. All rankings are not final until confirmed by a
result announcement displayed on every participant's ranking page.
3. The rewards will be credited to the winners based on their P&L (%) and trading volume depanding on different
competition, the total number of participants, and the final unlocked prize pool.
4. To receive their rewards, participants with the highest individual P&L (%) and/or trading volume in the rankings
will need to meet the reward thresholds below:
- Trading Volume (USD) for contracts: $30,000
- Trading Volume (USD) for spot: $1,000
5. The rewards will be credited to the winning Bybit accounts within one (1) month from the result announcement.
Winners can make withdrawals upon receiving the rewards.
P&L (%) Calculation Formula:
P&L (%) = Profit / (Initial Equity + Total Deposits) * 100%
Profit = [Account Final Equity (incl. unrealized P&L and/or bonus) - Account Initial Equity
(incl. unrealized P&L and/or bonus)] + (Withdrawal amount during the competition - Deposit amount during the competition)
Deposits = Accumulated deposits (incl. transfers, awarded bonuses, commissions, & asset exchange) during the competition
Withdrawals = Accumulated withdrawals (incl. any withdrawals and asset exchange) during the competition
- Bybit reserves the right to disqualify a participant if he/she engages in any inappropriate, dishonest, or
abusive activities (such as wash trading, volume faking, participating with multiple accounts, market manipulation, etc.)
during the competition.
- If participants with identical trading strategies have been detected by our risk detection engine, only the participant
with the highest trading volume will be allowed to continue in the competition.
- If participants have been detected engaging in matched trading activities by our risk detection engine, all associated
participants will be disqualified from the competition.
- During the competition, any participant who cancels more than 10 orders per minute may be disqualified.
- Each Bybit account can only participate in one (1) competition within the same time frame; and is not allowed to
participate in more than two (2) competitions at the same time.
- Bybit reserves the right of final interpretation of the Terms and Conditions. If you have any questions,
please contact our customer service team.