With over 210 teams kick-starting the competition on the first day and $5.6M up for grabs, BIoFin’s Aces of Trades is a no-miss for trading enthusiasts out there. Join a team or form yours with at least ten members to participate fully in the team trading volume and team PNL% competitions.
Event Details
Registration for the Aces of Trades began on Feb 8, 2025, and will continue until March 6, 2025. The competition is on already, having kicked off on Feb. 13, 2025. It will end on March 6, 2025, as well. To register now, simply head over to BIoFin’s official competition page and click the “Register Now” button.
So far, the event has received over 210 teams and over 127,000 individual participants. Within 20 days, these teams and participants will walk away with a share of the grand $5.6M prize pool, which leads us to the reward-sharing formula.
The Prize Pool Distribution
Out of 100% of the entire prize pool, the performances and trading volumes will get their allocation as follows:
- Team trading volume competition: 50%
- Team PNL% competition: 30%
- Individual trading competition: 15%
- Individual PNL% competition: 5%
If you don’t join the competition as a team, you can join as an individual and participate in the individual trading and individual PNL% competitions.
As for the volume-based and PNL%-based rewards, your team has to be among the top 30 to benefit from the prize pool. Here’s the allocation for the winners:
Volume-based Rewards
- 35% for the 1st-placed team
- 15% for the second-placed team
- 13% for the third-placed team
- 7% for the fourth-placed team
- 5% for the fifth-placed team
- 1% for the sixth to 30th-placed teams
PNL%-based Rewards
- 35% for the 1st-placed team
- 15% for the second-placed team
- 13% for the third-placed team
- 7% for the fourth-placed team
- 5% for the fifth-placed team
- 1% for the sixth to 30th-placed teams
Individual Rewards
To get rewards as an individual, whether for trading volume or PNL%, you’ll have to be among the top 50 participants. The reward structure for both trading volume and PNL% rewards is as follows:
- 40% for the 1st
- 15% for the 2nd
- 10% for the 3rd
- 7.5% for the 4th
- 5% for the 5th
- 0.5% each for the 6th to 50th individual
Getting the Top Winners
For the trading volume calculation, the trading volume of all team members, including the captain, will be considered.
If you are vying for the PNL% competition as well, then you must note the following:
- Only the average of the top 10 PNL% users in your team will be considered.
- Also, the users must have more than 0 in their PNL% and more than 10,000 in their trading volume.
- If the users that meet the above condition are less than ten, then only the average of those users will be calculated.
Give it Your Best
As the competition unfolds, give it your best, whether you are competing as an individual or part of a team. Be among the winners, and you’ll receive the rewards in your fund account within 7 days after the competition ends.
About BIoFin
Step into the future of cryptocurrency futures trading with BIoFin. The platform launched in January 2023 and has since brought AI-powered algorithms, analysis, infrastructure, and much more.
With BIoFin, you can trade hundreds of cryptocurrencies on spot and futures market, use BIoFin Earn to earn interest on your crypto, and use TradingView’s renowned charts when navigating the crypto market. Most importantly, you’ll be doing all of that on a secure platform, thanks to BIoFin’s utilization of Fireblocks and cold wallets.
Transparency is further ensured with the Merkle Tree Verification, a secure process to confirm user funds in BIoFin’s reserves.
