👉1) All transactions and financial operations are in USDT
👉2) The tournament is open to 10 teams of traders.
Each team should consist of 30 traders +1 team leader (captain - doesn't participate in tournament as a trader). Total number of participants - 300 (10 teams x 30 traders). In order to ensure fair conditions for all teams, the number of traders in the team cannot be lower or higher than the number set by the exchange initially.
👉3) During the set period of time all teams make transactions on the exchange. The goal of each team is to get by the end of the period the largest amount of profit of all teams. All positive balances of the teams are summed up to make a total team total at the end of the tournament.
👉4) After the tournament ends, the prize pool will be distributed among the Top 3 teams according to the structure presented in the financial model.
👉1) Each participant must pay an entry fee of 120 USDT, which will be used to form the prize pool. The total prize fund for the winners will be 30,000 USDT.
👉2) All traders will receive funds to their balances at the rate of 1000 USD per balance. These funds are for trading purposes ONLY, are not subject to withdrawal and will be deducted from the balance after the end of the tournament. No trader is allowed to add any other funds to his balance.
👉3) All traders may use X10 leverage from Betconix.
👉4) The prize pool will be distributed between the three teams with the highest winning balances respectively:
🏆1st place - 50% of prize fund (15000 USDT)
🏆2nd place - 30% of prize fund (9000 USDT)
🏆3rd place - 20% of pool (6000 USDT)
🏆4th and 5th places get special prize - 20% cashback (COMT tokens for trading).
🔥Team leaders will receive 25 USDT for each team member as cash after the tournament starts. They can use it to trade or withdraw it to their wallets.
🔥All participants, regardless of the result, will receive cashback from Betconix for the next 3 months - 0% commission for spot trading (both maker and taker).
👉5) All participants will also get the privilege of interest-free withdrawals and zero trading commissions for one more month after the end of the tournament.
IMPORTANT!!! Violation of the above conditions or any attempt of fraudulent actions will lead to immediate cancellation of trading activity and further removal from participation in the tournament