Announcing the Third CVI Trading Competition: Bigger Rewards, More Winners!

CVI
2 min readJul 8, 2024

--

We are thrilled to announce the launch of our third CVI Trading Competition, and this time, we’re taking things up a notch. With an increased prize pool and more opportunities to win, this competition promises to be the most exciting one yet. Whether you’re a seasoned trader or just starting, now is the perfect time to participate and capitalize on the potential rewards.

What’s New in the Third Competition?

Increased Prize Pool

We have increased the total prize pool by 50%, bringing it up to a whopping 7,500 $ARB. This significant boost means that more participants will have the chance to earn substantial rewards for their trading efforts.

More Winners

In this competition, we’re expanding the number of winners from 5 to 10. This change is designed to reward more traders and encourage broader participation across the community. Here’s how the rewards will be distributed:

  1. 1st Place: 2000 $ARB
  2. 2nd Place: 1300 $ARB
  3. 3rd Place: 1100 $ARB
  4. 4th Place: 800 $ARB
  5. 5th Place: 600 $ARB
  6. 6th Place: 500 $ARB
  7. 7th Place: 400 $ARB
  8. 8th Place: 300 $ARB
  9. 9th Place: 250 $ARB
  10. 10th Place: 250 $ARB

How to Participate

Participating in the CVI Trading Competition is simple. All you need to do is perform trading actions on the CVI platform, such as opening, closing, increasing, or decreasing positions. Each action must meet the following criteria: Minimum Trade Amount: $100.

Scoring System

Your score in the competition is determined by both your trading volume and the number of consecutive days you participate. Here’s how the scoring works:

  • Consecutive Days Multiplier:
  • Formula: 1 + (Total Num consecutive days * 0.03)
  • Max Consecutive Days: 14
  • Final Score: Multiplier * Volume

Why Participate?

Earn Substantial Rewards

With a significantly increased prize pool, the third competition offers even more lucrative rewards for top traders. The top 10 participants will share the 7,500 $ARB, with the first-place winner taking home 2000 $ARB.

Enhance Your Trading Skills

Participating in the competition is an excellent opportunity to enhance your trading skills. By competing against other traders, you’ll gain valuable experience and insights that can help improve your overall trading strategy.

Join a Thriving Community

The CVI Trading Competition is more than just about rewards. It’s about being part of a vibrant community of traders who are passionate about cryptocurrency and volatility trading. Share your experiences, learn from others, and be part of the excitement.

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

--

--

CVI

CVI is a decentralized volatility index for the crypto space