Leading cryptocurrency exchange Phemex will launch a new version of Phemex Traders Arena. After the great success of the previous year, everyone was invited to join this crypto Contract trading competition For a chance to win a slice of Bitcoin (BTC) worth $750,000.
Called PT Arena 3: Race For Glory, from June 7 to June 20, participants and their leaders will be able to: Participation. The competition will take place a day later, from June 21 to July 4. Prices will be distributed on July 12th.
As in previous years, the competition will be conducted for the BTC/USD contract pair. Different teams will have to compete for the total prize pool. As a condition, participants must have a Phemex trading account with a minimum of 0.005 BTC upon registration. Once completed, they will receive a $5 trading bonus.
Phemex Traders Arena Rewards
For this edition of the PT Arena, the total prize pool will depend on the number of participants. The pool increases as more people sign up.
|participants||Prize pool (in US dollars)|
In addition, this third edition of PT Arena will include a bonus for Team Leaders.
|Team members||Captain Rewards|
Team bonuses will make up 78% of the total prize pool, with first place receiving 25%, second place 15%, third place 8%, and fourth to tenth place receiving 30% of the total pool. .
All valid teams must consist of at least 10 members with the possibility of disqualification if they do not meet this requirement by June 21. For teams with less than 40 members, they will be ranked by looking at the average return on investment (ROI) of the top ten traders.
Teams with more than 40 members will be ranked based on the return on investment (ROI) of the top 25% of the traders in the team.
For the winning teams, the team leader receives 40% of the team bonus, the top 10 traders get 30%, and the last 30% is shared equally with the rest of the team.
Phemex will also offer bonuses to the best individual traders based on their Profit and Loss (PnL).
The individual prizes will represent 22% of the total prize pool. The top three will take 8%, 5% and 2%, respectively.
Finally, everyone will have a chance to win rewards if they sign up and follow the Phemex account on Twitter.