The Bybit EOS global competition is the first of its kind which consists of team battles as well as individual battles. The winning team members will all share the team prizes whereas winning individuals with the highest personal profitability will also receive an individual prize. Please see below for the detailed prize layout. The Bybit EOS competition is mainly being promoted and targeted to the Bybit Chinese market, however it is open globally for participation.
The EOS trading competition consists of both team and individual prizes up to $60,000.
a) Team Prizes
Team Profitability Prizes (Average Profitability):
TOP 1. $15000, TOP 2. $10000, TOP 3. $6000, TOP 4-10. $2000
Individual Profit Prizes:
TOP 1. $3000, TOP 2. $2000, TOP 3. $1000, TOP 4-10. $300
b) Individual Prizes
Individual Profit Volume Prizes:
TOP 1. $1500, TOP 2. $1000, TOP 3. $500
Individual Trading Volume Prizes:
TOP 1. $1500, TOP 2. $1000, TOP 3. $500
The Overall Schedule of the Competition:
- Team Captain Recruitment Period: July 23 - August 1, for 10 days
- Team Member Registration Period: August 5 - August 14, for 10 days
- Official Competition Period: August 15 - August 21, for 7 days
- Results Announcement: August 23
The Team Captain Recruitment Process:
a)Open to the recruitment of captains worldwide, and we welcome all interested crypto KOLs, trading analysts/lovers, quantification teams, media partners and crypto project parties to join the EOS trading competition and lead your team members.
b) Apply to become a captain by emailing IB@bybit.com. Please explain briefly where are your clients based and leave your contact details. After applying on the recruitment page, the Bybit Business Manager will communicate with you on a one-on-one basis.
c) After becoming the captain, you can invite fans/clients to join your team in any way you choose. In order to keep fairness and rationality, the minimum number of teams shall not be less than 10 and the maximum number no more than 200. If the team has less than 10 traders, they can't participate in the team prizes ranking, but they can participate in individual prizes.
d) During the competition, the captain can provide valuable market analysis to assist your teammates in trading.
The Team Member Registration Process:
a) Global users can choose their favorite captain to join their team on the competition page, and join their group. In addition, the account equity must be equivalent to or more than 50 EOS to join the official competition.
b) During the competition, the team members can refer to the captain’s market analysis to help improve the overall profitability of the team.
PS: The market analysis provided by the captain does not reflect the opinion of Bybit. Margin Trading is highly risky.
The Rules of the Competition:
a) The trading pair for this competition is EOS/USD, the profit of other trading pairs are not counted, such as: BTC/ETH/XRP
b) Newly registered traders will get $10 trading bonus.
c) Additional $50 trading bonus(≈7EOS) is given to competition participating clients before the start of the competition (once only), please make sure to have the required 50 EOS balance before the starting date of the competition to claim this exclusive bonus.
d) Clients are allowed to late join the competition as long as you have registered for the competition during the registration period. Simply make the 50 EOS minimum deposit then you will be considered for the ranking. However, you will not get the additional $50 trading bonus if you choose to late join.
e) During the competition, there is no restriction on deposits or withdrawals, but the additional deposits or withdrawals of the participants will change the initial net value of the account. Please be careful not to affect the ranking.
f) It is strictly forbidden for users to register multiple accounts to participate in the trading competition. If this occurs, once found, they will be disqualified and the offending accounts will be banned.
g) The decisions made by Bybit for the outcome of the competition will be final. If you have any questions, please consult the official WeChat account "Bybit Welfare Officer (ID: Cryptolark)".
About the 'Bonus':
- The cryptocurrency the bonus giveaway in this trading competition is EOS.
- The bonus cannot be directly withdrawn, the profit portion can be withdrawn, and the bonus will be cleared after the withdrawal, if losses occur, the bonus will be preferentially deducted.
a) The 'Team Profitability Prizes' is ranked according to the average profitability of the top 10 team members. The members who untraded and made a loss will be excluded.
b) For the "Team Profitability Prizes", the captain will receive 30% of the total prizes, the Top 10 members will receive 20% of the total prizes, and the remaining 50% divided equally between all team members, except untraded ones.
c) Individual-related prizes are ranked top 10 according to the profitability/profit/trading volume of all participants (captains and team members). The players who untraded and made a loss will not be counted if they enter the top 10.
d) All prizes can be superimposed if they meet the ranking requirements. After the prizes are settled, it will be paid to the participant's Bybit account and can be directly withdrawn.
Participants profitability formula: [final net value - (initial net value + deposit)] / (initial net value + deposit)
Initial net value = net value of the account at the beginning of competition (including unrealized profit and loss)
Final net value = net value of the account at the end of the competition (including unrealized profit and loss)
Deposit = the accumulated deposit of the account during the competition, including transaction, bonus collection, commission withdrawal.
If you would like to become a Team Captain, please contact us at IB@bybit.com.