The cryptocurrency derivatives trading platform, Bybit, has announced that registration for the BTC brawl competition has commenced.
Registration will run from November 18th until November 28th. Concurrently, the competition will take place from 28 November until 13 December 2019.
A total of 100 BTC is up for grabs, depending on the number of contestants in the popular trading competition, nicknamed the BTC Brawl.
Unlike previous versions, this upcoming one promises to be a real global spectacle of epic magnitude. The official tweet, for instance, states that it will be the biggest global trading competition the world has ever seen.
🏆 Up to a 100 BTC prize pool
⚡️ Get 20% OFF taker fees
💵 Bag a bonus of up to $50
💪 Duel with traders from around the world
— Bybit (@Bybit_Official) November 18, 2019
The contest will comprise traders from all around the globe, going against each other until one emerges as the top BTC brawler.
Team leaders will aspire to recruit the best traders for their teams. The winners’ selection formula will rest on calculating the entire “realized profit and loss” of each team member.
Though it’s going to be a team contest, prizes are available for the top ten teams and individuals.
BTC brawl Information
To qualify, traders must ensure that they have a minimum of 0.05BTC. The company strongly encourages participants to make sure they have a sufficient minimum amount in their accounts when the competition starts. This is to avoid any potential problems.
Upon successful registration, participants must visit the event page and select the team they wish to join. Once the participant has chosen his/her team, it will be immutable.
Prize Pool & Bonuses
The total prize pool of the BTC Brawl (including team and individual awards) can reach up to 100BTC depending on the number of participants. 5% of the total prize pool will be donated to charity.
Participants who successfully register during the stipulated registration period will receive a one-time participation bonus. It will either be $10, $30 or $50 depending on when they sign up.
Bybit recent impressive accomplishments
Ben Zhou, CEO of Bybit, earlier shed some light on different factors associated with increased adoption of cryptocurrency.
The Singapore-based crypto derivatives exchanges recently surpassed $4 billion in daily trading volume. This achievement made it one of the most outstanding crypto derivatives exchanges in the world.
Also, Bybit has expanded its global user base covering more continents than most exchange companies.