Launch of the 5th Trading Competition!

CVI
2 min readAug 6, 2024

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We are thrilled to announce the launch of our 5th $ARB fueled Trading Competition! Building on the incredible momentum and success of our previous competitions, we are excited to bring even more opportunities for our community to trade, compete and win big.

Key Highlights:

  • Competition Start: 05/08/2024
  • Competition End: 18/08/2024
  • Total Prize Pool: 7,500 $ARB
  • Competition Duration: Two weeks
  • Number of Winners: 10

Prize Distribution:

  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:

Participation is simple! Just trade on the CVI platform as you normally would. The more you trade, the higher your chances of climbing up the leaderboard and winning a share of the prize pool.

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

Tips for Success:

  • Stay Active: Regular trading can significantly boost your chances of securing a top spot.
  • Stay Informed: Keep an eye on market trends and news that might impact volatility.
  • Leverage Tools: Utilize the features and tools available on the CVI platform to optimize your trades.

Previous Competition Highlights:

Our last competition saw incredible participation, with a total trading volume of $2,778,537 which is a whopping 135% increase compared to the previous competition. The top trader alone accounted for $543,844 in volume.

Join the Competition Now!

Don’t miss out on this fantastic opportunity to trade, compete, and win big. Head over to the CVI platform, start trading, and aim for the top of the leaderboard. Good luck to all participants!

Stay tuned for more updates and announcements. Let’s make this competition the best one yet!

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

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CVI

CVI is a decentralized volatility index for the crypto space