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. If you successfully register to the competition but your balance drops below the minimum requirement before competition starts on 1st of Sep 12PM (UTC+8), you will be unregistered until you reach the minimum requirement again. 3. Winners must have at least 0.02 BTC or its equivalent in their account balance by the end of the competition to be eligible for the prize. 4. Participants may register until 15th of Sep 12 PM (UTC+8) 5. All taker-trades on Phemex during the competition period 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 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(%), their relative final rank will be determined by total trading volume. 8. You cannot delete the API key that is being used to calculate the profit during the competition. (Trying to do so may disqualify you from competition.) 9. Do not delete your API key until all prizes and bonuses have been handed out. Otherwise you might not receive rewards. 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 22nd of Sep 12PM (UTC+8). All 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 duplicate 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 or execute trades for 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 selection of the winners. - Phemex holds no responsibility for the rules or terms of this competition. - Phemex is not involved in the operation of this competition.