🏅Trading Competition Series
Compete against other traders in a 3-round trading competition series exclusively available to Vertex on Sei users. Ascend the ranks and win a share of the 150,000 SEI tokens available as prizes.
Trading Competition Series -- Overview
Join the exciting 3-round Sei Trading Competition Series on Vertex! Each round offers an independent competition with a prize pool of 50,000 SEI tokens, totaling 150,000 SEI tokens over the course of roughly three weeks.
Compete against fellow traders for a chance to claim your spot as the top trader on Sei. Each of the three rounds will follow the same structure:
Duration = 5 Days
Start = Mondays @ 16:00 UTC
End = Saturdays @ 16:00 UTC
Total Prize Pool (Per Round) = 50,000 SEI tokens
Total Prize Winners (Per Round) = 20
Prize Tiers and Eligibility
Each round is divided into two tiers, each with its own prize pool and eligibility criteria:
Tier 1:
Prize Pool: 35,000 SEI tokens
Minimum Account Size: $1,000
Minimum Trading Volume: $10,000
Total Winners: 10
Tier 2:
Prize Pool: 15,000 SEI tokens
Minimum Account Size: $250
Minimum Trading Volume: $2,500
Total Winners: 10
Competition Schedule
Round 1:
Start: Monday, September 30th @ 16:00 UTC
End: Saturday, October 5th @ 16:00 UTC
10/05/2024: Round 1 has concluded. Prizes will be distributed directly to the winning wallets soon.
Round 2:
Start: Monday, October 7th @ 16:00 UTC
End: Saturday, October 12th @ 16:00 UTC
Round 3:
Start: Monday, October 14th @ 16:00 UTC
End: Saturday, October 19th @ 16:00 UTC
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:
Tier 1 = $1,000
Tier 2 = $250
Existing Traders: If your account is already worth over $1,000 and / or $250, you’ll automatically be eligible. If not, you’ll 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!
Prizes will be distributed directly to the winners' wallets connected to their participating Vertex account shortly after the competition ends. Please note that prize distribution may take several days after reviewing and finalizing the results of the competition.
Prize Pool & Distribution
The top 20 traders in total, including both Tiers 1 and 2, will earn a portion of the 50,000 SEI tokens available as prizes. The prize distribution is the same for each of the 3 rounds in the series and displayed below.
Tier 1 Prizes
| Rank(s) | Prize |
|---|---|
1 | 10,000 SEI |
2 | 7,500 SEI |
3 | 5,000 SEI |
4 | 4,000 SEI |
5 | 3,000 SEI |
6 | 2,000 SEI |
7 | 1,000 SEI |
8 | 1,000 SEI |
9 | 750 SEI |
10 | 750 SEI |
Tier 2 Prizes
| Rank(s) | Prize |
|---|---|
1 | 5,000 SEI |
2 | 2,500 SEI |
3 | 2,000 SEI |
4 | 1,500 SEI |
5 | 1,250 SEI |
6 | 1,000 SEI |
7 | 750 SEI |
8 | 500 SEI |
9 | 250 SEI |
10 | 250 SEI |
***Accounts that attempt to wash trade during any of the 3 trading competition rounds will be blacklisted and ineligible for prizes.
Eligible traders can only use one account per trading competition. Traders using multiple accounts will only have one account attributed to their PnL on the leaderboard.
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