๐ Sei Trading Competition
Compete against other traders in a trading competition exclusively available to Vertex on Sei users. Ascend the ranks of the leader-board and win a share of the $25k in SEI prize pool!
Trading Competition Overview
Join the Vertex on Sei Trading Competition and face off against other traders for a chance to win a portion of the $25k in SEI up for grabs in the prize pool!
Total Prize Pool = $25k worth of SEI tokens.
Start Date = Monday, September 9th @ 12 PM EST
End Date = Saturday, September 14th @ 12 PM EST
Total Prize Winners = 30
The trading competition is separated into 2 tiers, each with their own prize pools and eligibility criteria:
Tier 1
Prize Pool = $15k in SEI
Minimum Account Size = $500
Minimum Trading Volume = $5,000
Total Winners = 10
Tier 2
Prize Pool = $10k in SEI
Minimum Account Size = $100
Minimum Trading Volume = $2,000
Total Winners = 20
The trading competition's is designed with a low barrier to entry for both new and existing users. The long-tail prize distribution encourages continued participation throughout each round.
To qualify for either tier of the trading competition, users need to reach an account value of greater than or equal to the minimum requirement to qualify for prizes.
New Traders: Deposit at least $500 for Tier 1 or $100 for Tier 2.
Existing Traders: If your account is already worth over $100 and / or $500, youโll automatically be eligible. If not, youโll need to deposit more to surpass the minimum requirement thresholds.
NOTE: If you initially meet the minimum account value of either Tier 1 and / or Tier 2 when the competition starts, but then your account value falls below the minimum requirement after the competition begins, you will still be eligible for the competition!
Rankings
Traders are ranked based on the best positive % PnL.
The positive % PnL (in USD) is calculated using the Modified Dietz Return Method which takes into consideration cash flows in and out of the account to calculate the trader's performance.
You can learn more about the Modified Dietz Return method and calculation here:
Make sure to keep track of your position on the leader-board and stay tuned to the Official Vertex Twitter account for more information!
Prize Pool & Distribution
The top 30 traders in total, including both Tiers 1 and 2, will earn a portion of the $25k in SEI available as prizes. The prize distribution per tier is illustrated in the table below.
Tier 1 Prizes
Rank(s) | Prize |
---|---|
1 | $4,000 |
2 | $3,000 |
3 | $2,400 |
4 | $2,000 |
5 | $1,200 |
6 | $1,000 |
7 | $600 |
8 | $400 |
9 | $250 |
10 | $150 |
Tier 2 Prizes
Rank(s) | Prize |
---|---|
1 | $1,950 |
2 | $1,900 |
3 | $1,500 |
4 | $1,300 |
5 | $800 |
6 | $700 |
7 | $600 |
8 | $400 |
9 | $200 |
10 | $100 |
11 | $100 |
12 | $90 |
13 | $80 |
14 | $70 |
15 | $60 |
16 | $50 |
17 | $40 |
18 | $30 |
19 | $20 |
20 | $10 |
***Accounts that attempt to wash trade during any of the 5 trading competition rounds will be blacklisted and ineligible for prizes.
Last updated