• BTC/USD $13,603.65 USD
  • ETH/USD $390.09 USD
  • LTC/USD $55.44 USD

Rules, Calculations, & Formulas

Competition start date — Record of the balances for each currency on the user’s account will be taken at 1600 BST. These amounts will be converted to USD using the Reference Rates (https://www.cfbenchmarks.com/indices/XBT/USD/RR/days) for that day which are published at 1600 BST.

The starting investment will be calculated as the larger of the USD equivalent balance of the account at 1600 BST on the start date or $200.

Every second day the leaderboard will be updated with the latest % gains for each account.

Calculation & Formulas

PnL of each currency = (Current account balance – account balance at start of competition) + unrealized PnL of open positions (marked to daily Reference Rate) – deposits since the start of the competition + withdrawals since the start of the competition

Each currency will be converted to USD using the Reference Rates published on the day of the update. We will then sum these figures to get an overall USD equivalent account gains figure. This will then be compared to the starting investment to provide a percentage gains figure.

On the last day of the competition the leaderboard will be finalized, and the winners announced.

To qualify to be included in the competition rewards you must register no later than 12/05/2020 and at least one trade must be placed on your account within the competition period.

Competition Break Down

  • Competition #1: 21 April, 2020 1600 BST – 28 April, 2020 1600 BS
  • Competition #2: 28 April, 2020 1600 BST – 5 May, 2020 1600 BST
  • Competition #3: 5 May 2020, 2020 1600 BST – 12 May, 2020 1600 BST
  • Competition #4: 12 May 2020, 2020 1600 BST – 19 May, 2020 1600 BST

Payout Structure

Competition #1Competition #2Competition #3Competition #4Total
Total Payout$500$1,000$1,500$2,000$5,000
1st$250$500$750$1,000
2nd$125$250$375$500
3rd$75$150$200$250
4th$25$75$125$150
5th$25$25$50$100
Checksum$500$1,000$1,500$2,000