Bybit Trading Competition | $7500 USDT Prize Pool | Do Not Miss Out!
There is an event ongoing in the cryptocurrency space, which I believe you would be interested in.
There are prizes to be won! Up to $7500 USDT!
Registration Period: Till 00:00AM UTC April. 14, 2021
Competition Period: 00:00AM UTC, March. 15, 2021 - 00:00AM UTC, April. 15, 2021
The rules are simple
1- You will need to have an Bybit account, if not you may register here.2- Deposit at least 0.01 BTC on to your personal account.
3- Head over to this page and click "Join Now" To take part.
4- Start Trading!
Tips, If you are using API do not exceed more than 70 cancelled orders per minute, else you will be disqualified. You may only use 1 account to take part, Do not create multiple accounts, you will be disqualified.
Prize Pool Distribution:
1 - People who have reached at least 1 BTC worth of trading volume during competition volume - 30% Prize Pool
2 - 70% of the prize pool to people who are in the Top 10 Pnl %
Top 1: 20%
Top 2: 12.5%
Top 3: 9%
Top 4: 7.5%
Top 5-10 : 3.5% each
Individual P&L% = [final equity - (initial equity + deposit during competition)] / (initial equity + deposit during competition)Initial Equity = equity of the account upon start of the competition (including unrealized profit and loss)Final Equity = equity of the account upon end of the game (including unrealized profit and loss)
Deposit = accumulated deposits of the account during the competition, including: external transfers, bonus received, commission withdrawals and coin swaps.
FAQ
Q: Where can I view my equity?
A: You can view your current equity on your "Assets" page.
Q: How do I calculate my equity and individual P&L%?
A: Equity = Balance + Unrealized Profit and Loss Individual P&L% = [Final equity - (initial equity + deposit during the competition) ] / (initial equity + deposit during the competition)
Q: Why is my P&L% shown negative when the competition starts?
A: The minimum initial equity of the competition is 0.01 BTC. If your equity is < 0.01 BTC upon start of the competition, your initial equity will still be calculated as 0.01 BTC. Thus your return will be negative.
For example, if the equity of A is 0.001 BTC at the start of the competition, the initial equity of A will be set as 0.01 BTC as default value. P&L% will be = (0.001 - 0.01) / 0.01= -90% when the competition starts.
Q: Can I withdraw my funds during the competition period?
A: There are no restrictions on deposits, withdrawals nor coin swaps. However, any deposits, withdrawals and coin swaps made may affect your P&L% and competition ranking.
Happy trading and wish you all the best in your gains!
Feel free to ask me any questions on telegram @SimpLyEverything