We are excited to kick off our highly anticipated trading competition series! This is your chance to demonstrate your trading skills, engage with the CVI community, and win big rewards. Our first competition starts on June 10th, 2024, and ends on June 23rd, 2024.
Competition Details
Start Date: June 10, 2024
End Date: June 23, 2024
Total Rewards: 5000 $ARB
We have a total of 5000 $ARB up for grabs in this first competition. The rewards will be distributed among the top five traders based on their performance.
Reward Breakdown:
- First Place: 2000 $ARB
- Second Place: 1250 $ARB
- Third Place: 1000 $ARB
- Fourth Place: 500 $ARB
- Fifth Place: 250 $ARB
How to Participate
Participating in the competition is simple and designed to encourage consistent engagement. To be eligible for rewards, you need to perform trading actions such as opening, closing, increasing, or decreasing positions. Each action must meet the following criteria:
Minimum Trade Amount:
- Every trade must be at least $100. This ensures all participants are contributing a significant amount to the trading volume.
Consecutive Trading Days:
- To maximize your score and increase your chances of winning, you need to trade on at least 3 consecutive days. Consistency is key in this competition, and trading on consecutive days will boost your score through the Consecutive Days Multiplier. If you miss a day, your multiplier will reset to 1.
Scoring System
Your score in the trading competition is determined by both your trading volume and the number of consecutive days you participate. The more you trade and the more consistently you do so, the higher your score will be.
Consecutive Days Multiplier:
The multiplier rewards you for trading on consecutive days. The formula for the multiplier is:
Multiplier = 1 + (Total Number of Consecutive Days * 0.03)
Example: If you trade for 5 consecutive days, your multiplier will be 1 + (5 * 0.03) = 1.15.
The maximum number of consecutive days that can be counted towards the multiplier is 14. This means the highest possible multiplier you can achieve is 1.42 (1 + (14 * 0.03)).
Final Score:
Your final score is calculated by multiplying your trading volume by the Consecutive Days Multiplier.
Example: If your total trading volume is $10,000 and you traded for 7 consecutive days, your multiplier would be 1.21 (1 + (7 * 0.03)). Therefore, your final score would be $10,000 * 1.21 = $12,100.
Join the Competition!
This is an incredible opportunity to showcase your trading skills and earn substantial rewards. Whether you are a seasoned trader or a newcomer, this competition is designed to engage everyone and offer a fair chance at winning.
Start trading from Monday June 10th to be part of the excitement and aim for the top spot on the leaderboard. Stay tuned for more updates and may the best traders win!
Happy Trading! 🚀
Join the Competition Now!
We would like to invite everyone to join our vibrant community on our social channels. If you have any questions, our team & community are always on stand-by and eager to assist.
Website: https://cvi.finance
GitBook: https://docs.cvi.finance/
Twitter: https://twitter.com/official_CVI
Telegram (group): https://t.me/cviofficial
Telegram (channel): https://t.me/cvichannel
Discord: https://discord.gg/yuDsy7SM2H
v3 Litepaper: https://cvi.finance/files/CVI.v3.Litepaper.pdf
Whitepaper: https://cvi.finance/cvi-white-paper.pdf
