1. The overall schedule of the competition:
- Preparation time & head recruitment: July 23 - August 1, for 10 days
- User registration: August 5 - August 14, for 10 days
- Official competition: August 15 - August 21, for 7 days
- Results announcement: August 23
2. The 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.
b) Apply to become a captain through the dedicated recruitment page. Becoming a captain has certain stipulations. 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 to join your team through any way you choose. In order to keep fairness and rationality, the minimum number of teams shall not be less than 5 and the maximum number no more than 200. If the team has less than 5 traders, they can't participate in the team awards ranking, but they can participate in individual awards.
d) During the competition, the captain can provide valuable market analysis to assist your teammates in trading.
3. 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 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. Bybit will not claim the team members’ loss.
4. 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. All registered players will get an additional $10 trading bonus. The account equity must be more than 50 EOS to join the official competition (the bonus is not included).
c) During the registration period, the registered traders who deposit more than 50 EOS will receive additional $50 trading bonus (≈7EOS), and the bonus will be paid to the user’s Bybit account before the start of the competition (once only).
d) During the competition, the traders whose account net value is more than 50 EOS can be reactivated to join the official competition (only those who have registered before the competition), but will not get the additional $50 trading bonus during the registration period.
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":
1. The cryptocurrency the bonus giveaway in this trading competition is EOS.
2. 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.
The set amount of financial awards on offer:
This trading competition provides generous team and individual awards up to $60,000.
a) Main awards
Team Profitability award (Average Profitability):
TOP 1. $15000, TOP 2. $10000, TOP 3. $6000, TOP 4-10. $2000
Individual profit award:
TOP 1. $3000, TOP 2. $2000, TOP 3. $1000, TOP 4-10. $300
b) Special awards
Individual Profit amount award:
TOP 1. $1500, TOP 2. $1000, TOP 3. $500
Individual trading amount award:
TOP 1. $1500, TOP 2. $1000, TOP 3. $500
a) The “TeamProfitability Award” 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 Award", the captain will receive 30% of the total award, the Top 10 members will receive 10% of the total award, and the remaining 50% divided equally between all team members, except untraded ones.
c) Individual-related awards are ranked top 10 according to the profitability/profit/trading amount 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 awards can be superimposed if they meet the ranking requirements. After the award is 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.