We’re excited to announce our upcoming trading competition series, designed to boost engagement and reward our dedicated traders. With a total of 40,000 $ARB allocated for these competitions, there’s a significant opportunity for everyone to participate and win!
How It Works
We’ve structured the competition into 6 bi-weekly segments, ensuring there’s plenty of chances for you to get involved. Here’s a breakdown of the key details:
Competition Timeline
- Total Duration: 12 Weeks
- Number of Competitions: 6
The entire competition series will span 12 weeks, giving traders ample time to participate, strategize, and maximize their rewards. This extended duration ensures that both seasoned traders and newcomers have multiple opportunities to engage and win.
Competition Schedule
Competition 1: Start Date: 10.6.24 | End Date: 23.6.24
Competition 2: Start Date: 24.6.24 | End Date: 7.7.24
Competition 3: Start Date: 8.7.24 | End Date: 22.7.24
Competition 4:Start Date: 23.7.24 | End Date: 5.8.24
Competition 5: Start Date: 6.8.24 | End Date: 19.8.24
Competition 6: Start Date: 20.8.24 | End Date: 3.9.24
*Each competition start and ends at 00:00 UTC
How to Participate in the Trading Competition
Participating in our trading competition is straightforward 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 you perform must be at least $100. This ensures that 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. Here’s how the scoring system works:
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.
Example Scenarios
Let’s walk through an example scenario to illustrate how the scoring system works:
Trader A:
- Trading Volume: $15,000
- Consecutive Trading Days: 10
- Multiplier: 1 + (10 * 0.03) = 1.30
- Final Score: $15,000 * 1.30 = $19,500
Trader B:
- Trading Volume: $8,000
- Consecutive Trading Days: 14
- Multiplier: 1 + (14 * 0.03) = 1.42
- Final Score: $8,000 * 1.42 = $11,360
In this scenario, although Trader B traded on more consecutive days, Trader A had a higher trading volume, resulting in a higher final score.
Rewards Distribution
The rewards for each competition are distributed based on milestones achieved by the participants. Here is the breakdown of the reward distribution for each competition:
Month 1: 10,000 $ARB
Competition 1 (Weeks 1–2)
- Milestone: Achieve $5M in trading volume
- Rewards: 5,000 $ARB
Competition 2 (Weeks 3–4)
- Milestone: Achieve $10M in cumulative trading volume
- Rewards: 5,000 $ARB
Month 2: 15,000 $ARB
Competition 3 (Weeks 5–6)
- Milestone: Achieve $20M in cumulative trading volume
- Rewards: 7,500 $ARB
Competition 4 (Weeks 7–8)
- Milestone: Achieve $30M in cumulative trading volume
- Rewards: 7,500 $ARB
Month 3: 15,000 $ARB
Competition 5 (Weeks 9–10)
- Milestone: Achieve $40M in cumulative trading volume
- Rewards: 7,500 $ARB
Competition 6 (Weeks 11–12)
- Milestone: Achieve $50M in cumulative trading volume
- Rewards: 7,500 $ARB
Each of these milestones is cumulative, meaning that the trading volumes achieved in earlier competitions contribute to the targets of the subsequent competitions. The rewards for each milestone will be distributed among the participants based on their performance and engagement during the respective competition periods.
How to Get Started
1. Connect Wallet: Visit CVI.Finance and connect your wallet to our platform.
2. Start Trading: Begin performing trading actions such as opening, closing, increasing, or decreasing positions, ensuring each trade meets the minimum $100 requirement.
3. Stay Consistent: Trade on consecutive days to maximize your Consecutive Days Multiplier.
4. Track Your Progress: Everyone will be able to track their progress on the Leaderboard.
The leaderboard will reset with every competition, and stats from previous competitions will stay available for the duration of the series.
Stay tuned for more updates and get ready to embrace the volatility with CVI!
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
