Up to $750,000 in BTC up for Grabs in Phemex Trading Competition

Phemex, a trading platform run by former Morgan Stanley executives, is launching the third edition of its Trading Arena competition. Traders compete for a Bitcoin reward pool of up to $750,000, depending on the number of participants.

Up to $750,000 in Prizes

Teams of traders will compete in the third edition of Trading Arena. You can apply to lead your own team on the Crypto Trading Competition landing page. Captain and team registration is from June 7 – June 20, and the competition itself begins on June 21 and ends on July 4. 

Teams must have at least 10 members to compete — any teams that don’t meet this minimum requirement will be disbanded and members will be assigned to other teams.

Team rankings will be based on the average Return on Investment (ROI) of each team’s top 25% best traders. If a team has less than 40 members, rankings will be calculated based on the top 10 trader’s average ROI instead.

All participants will also be ranked and rewarded at an individual level. Unlike team rankings, individual scores will be based on Profits and Losses (PnL).



To enter the competition, traders need to have a Phemex BTC Trading Account with an initial net value of 0.005 BTC at the time of registration. All traders will receive a $5 trading bonus for taking part.

Prize Pool and Awards Breakdown

The prize pool for PT Arena 3: Race for Glory depends on how many participants there are, the more participants, the bigger the prize pool.

For the third edition of Trading Arena, Phemex has rolled out a brand new reward for Team Captains. Any individual that can successfully form a team will receive a prize that varies based on team size. 

The final prize pool will be divided into two award categories: Team Awards and Individual Awards.

Team Awards amount to 78% of the final prize pool. The breakdown goes like this:



  • The 1st Place Team receives 25% of the total prize pool
  • The 2nd Place Team receives 15% of the total prize pool
  • The 3rd Place Team receives 8% of the total prize pool
  • The 4th-10th Place Teams receive an equal share of 30% of the total prize pool
    • Captains of a winning team receive 40% of their respective team’s award
    • The top 10 traders share 30% of their team’s award
    • The top 10 team members of each winning team will share 30% of their team’s award equally. All other team members will share the remaining 30%
    • If a winning team has less than 20 members, the captain will receive 40% of the team’s award, while the other 60% will be divided equally among the rest of the team members. Accounts with transaction volumes below 500 USD during the competition period will not be eligible to receive any awards

    Individual Awards amount to 22% of the final prize pool. The breakdown goes like this:

    • The 1st Place Individual receives 8% of the total prize pool
    • The 2nd Place Individual receives 5% of the total prize pool
    • The 3rd Place Individual receives 2% of the total prize pool
    • The 4th-10th Place Individual receive an equal share of 7% of the total prize pool

    Calculation Formulas and Additional Details

    Information about how Phemex will calculate the formulas for individual ROI and team ROI can be found here.

    To view any other rules, prize breakdowns, and requirements for this competition, head to the Phemex landing page here.

    All successfully registered participants are invited to follow Phemex’s official Twitter. For the entire duration of the competition, Phemex will reward random followers with daily merchandise.

    The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

    You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

    See full terms and conditions.

    Source: Read Full Article

click fraud detection