1. A minimum of 0.02 BTC or equivalent value in any token in your Phemex wallet is required to register for the competition. 2. One you have successfully registered to the competition but your balance drops below the minimum requirement before the competition starts on 27th of April 12PM (UTC+8), you will be unregistered from the competition until you reach the minimum requirement again. 3. Winners need to have at least 0.02 BTC or equivalent in balance on their account by the end of the competition to be eligible for the prize. 4. Participants may register from the 22nd of April and throughout the 11th of May 12 PM (UTC+8) 5. All trades in Phemex during the competition time will count towards the competition trading volume. 6. Winner selection is based on the highest individual PnL % (Profit %) by the end of the competition period. a. PnL% = ((Current Balance + Withdraw) - (Starting balance + Deposit)) * 100 / (Starting balance + Deposit) b. Any bonus received during the competition will be considered as a deposit. c. You may withdraw and deposit whenever you want, but your profit rate will be affected. d. All calculations will be made according to League of Trader’s PnL 7. If two participants produce the same PnL(%), the final ranking will be determined by their total trading volume. 8. You cannot delete the API key that is being used to calculate the profit during the competition. (You could be deleted from competition.) 9. Do not delete you API key until all the prizes and bonuses have been handed out, it might prevent you from receiving the prizes. 10. If you change your nickname during the competition period, you may not be eligible for prize money and bonus payments. 11. Prizes and bonuses will be awarded within 7 days after the closing of the competition on the 18th of May 12PM (UTC+8). All the prizes will be distributed to the participant’s Phemex account. 12. Each participant is only eligible to receive 1 prize. Prizes cannot be duplicated. 13. League of Traders reserves the right to ask for KYC to the winners to confirm that there are no duplication winners.
- Users should trade cryptocurrency at their own risk. - League of Traders does not provide investment advice. - League of Traders does not have custody over users’ assets nor executing trades for the users. - League of Traders is not providing the trading or selling of cryptocurrency products on Phemex. - League of Traders reserves the right to modify the terms of this competition without notifying users in advance. - League of Traders reserves the right of final interpretation of this event. Any judgments made by League of Traders are final, do not need any justification, and cannot be disputed. - Any behavior that League of Traders suspects to be similar to wash trading or other potentially manipulative activities can be grounds for disqualification from the competition and any prizes. - Phemex is not responsible for any calculations of PNL or the winners. - Phemex holds no responsibility over the rules or terms of this competition. - Phemex is not managing or involved in the operation of this competition.