and click the \u201cRegister Now\u201d button.<\/span><\/p>\nSo far, t<\/span>he event has received over 210 teams and over 127,000 individual participants<\/b>. 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.<\/span><\/p>\nThe Prize Pool Distribution<\/span><\/h2>\nOut of 100% of the entire prize pool, the performances and trading volumes will get their allocation as follows:<\/span><\/p>\n\n- Team trading volume competition: 50%<\/span><\/li>\n
- Team PNL% competition: 30%<\/span><\/li>\n
- Individual trading competition: 15%<\/span><\/li>\n
- Individual PNL% competition: 5%<\/span><\/li>\n<\/ul>\n
If you don\u2019t join the competition as a team, <\/span>you can join as an individual and participate in the individual trading and individual PNL% competitions<\/b>.<\/span><\/p>\nAs for the volume-based and PNL%-based rewards, <\/span>your team has to be among the top 30<\/b> to benefit from the prize pool. Here\u2019s the allocation for the winners:<\/span><\/p>\nVolume-based Rewards<\/span><\/h3>\n\n- 35% for the 1st-placed team<\/span><\/li>\n
- 15% for the second-placed team<\/span><\/li>\n
- 13% for the third-placed team<\/span><\/li>\n
- 7% for the fourth-placed team<\/span><\/li>\n
- 5% for the fifth-placed team<\/span><\/li>\n
- 1% for the sixth to 30th-placed teams<\/span><\/li>\n<\/ul>\n
PNL%-based Rewards<\/span><\/h3>\n\n- 35% for the 1st-placed team<\/span><\/li>\n
- 15% for the second-placed team<\/span><\/li>\n
- 13% for the third-placed team<\/span><\/li>\n
- 7% for the fourth-placed team<\/span><\/li>\n
- 5% for the fifth-placed team<\/span><\/li>\n
- 1% for the sixth to 30th-placed teams<\/span><\/li>\n<\/ul>\n
Individual Rewards<\/span><\/h3>\nTo get rewards as an individual, whether for trading volume or PNL%, you\u2019ll have to be among the top 50 participants. The reward structure for both trading volume and PNL% rewards is as follows:<\/span><\/p>\n\n- 40% for the 1st<\/span><\/li>\n
- 15% for the 2nd<\/span><\/li>\n
- 10% for the 3rd<\/span><\/li>\n
- 7.5% for the 4th<\/span><\/li>\n
- 5% for the 5th<\/span><\/li>\n
- 0.5% each for the 6th to 50th individual<\/span><\/li>\n<\/ul>\n
Getting the Top Winners<\/span><\/h2>\nFor the trading volume calculation, the trading volume of all team members, including the captain, will be considered.<\/span><\/p>\nIf you are vying for the PNL% competition as well, then you must note the following:<\/span><\/p>\n\n- Only the average of the top 10 PNL% users in your team will be considered.<\/span><\/li>\n
- Also, the users must have more than 0 in their PNL% and more than 10,000 in their trading volume.<\/span><\/li>\n
- If the users that meet the above condition are less than ten, then only the average of those users will be calculated.<\/span><\/li>\n<\/ul>\n