Welcoming the new year 2023 with the return of Trading Challenge Season 2. This season comes with more contests and also adds weekly contests and international competition as well Most importantly, the rewards this time will be more than last season. With a prize pool of more than 1,000,000 Forward Tokens and more than 300 USDT special prizes.
Participation details are as follows:
🔸 Campaign Name: Trading Challenge Season 2
🔸 Period: from 16 January 2023 (8 PM) to 13 March 2023 (8 PM)
🔸 Prize Pool: 1,000,000 Forward tokens + extra 300 USDT
🔸 Where to join: Trading Challenge | by Forward
🔸 how to play
– Everyone can join the game, just connect your wallet and fill out the registration information.
– No trading costs But the trading result will be shown on PnL page only.
– In the beginning, everyone has PnL = 0, they can trade 10 pairs with leverage up to 5 times both long and short.
The contract size of each pair for 1x leverage is set as listed below.:
– Contract size BTC/FUSD = 1 BTC
– ETH/FUSD contract size = 10 ETH
– Contract size BNB/FUSD = 50 BNB
– DOGE/FUSD contract size = 200,000 DOGE
– Contract size LUNC/FUSD = 100,000,000 LUNC
– MATIC/FUSD contract size = 20,000 MATIC
– Contract size SOL/FUSD = 1,000 SOL
– Contract size AVAX/FUSD = 1,500 AVAX
– Contract size SHIBA/FUSD = 1,500,000,000 SHIB
– Contract size LINK/FUSD = 2,500 LINK
– Players will have only two trading options: Leverage and Position (Long or Short).
– You can check leaderboard results. It will display in real time with PnL calculated from the balance of Realized PnL + Unrealized PnL (Position not yet closed).
– Prizes for the Trading Challenge are divided into 3 categories: Individual (Campaign PnL and Weekly PnL), International (National PnL) and random winners participating in the event.
Details are as follows.
1. Individual Contests (Individual PnL) are divided into Campaign Contests and Weekly Contests.
- Tournaments throughout the campaign will be based on the top 30 PnL players after the campaign ends on March 13 (1:00 PM UTC). The system will force close all player positions and your Realized PnL will be saved as trading results for 2 months.
2. For weekly contests Up to 10 participants with PnL will be measured each week.
- Starting the first week from January 16 (1:00 PM UTC) to January 23 (1:00 PM UTC) and onwards, March 13 (1:00 PM UTC), for a total of 8 weeks. only to those who opened and closed positions during that week (If a position was opened on January 20 and closed on January 25, then the weekly cutoff will be January 23. PnL results on your position will not be counted on a weekly basis. since you didn’t open or close a position during the same week, your PnL effect is still calculated per campaign)
3. International matches (Country PnL) are calculated based on the sum total of players in that country. (According to registration) and will be a competition throughout the campaign. Prizes will only be awarded to the top 10 players with the highest PnL from the top 3 countries, totaling 30 people only.
4. For random lucky winners who participate in the event, 20 prizes will be randomly selected. The right is reserved for anyone other than the winners above.
PnL calculation example
Alice opens a short position on LUNC at Leverage 3X. LUNC’s entry price at that moment is $0.0002, meaning Alice believes LUNC price will fall and opens a total contract size of 300,000,000 LUNC at $0.0002 ($60,000 contract size).
- If LUNC’s price drops to $0.00015 (+25%) and Alice closes her position, she will have Realized PnL = +$15,000 (+25% contract size value).
- If LUNC’s price reaches $0.0003 (-50%) and Alice chooses to close her position, she will have Realized PnL = -$30,000 (-50% of contract size value).
Note: If a position is opened with 3X Leverage, the PnL percentage will be shown in multiples of the leverage (3X), therefore the above PnL percentage will be +75% and -150% respectively.
🔸Terms and Conditions:
– No trading costs and no trading fees Positions can be opened and closed independently.
– Each pair can open a maximum of 2 positions, Lone and Short, and only 1 position per position.
– Reserve the right to only 1 device per 1 account. If we find that a player has registered more than one account. That player will be banned.
– We reserve the right to change the rules at any time if we determine that the game malfunctions or any events cause conflicts.
– The decision of the team is final.
🔸 giveaway:
☘️ Get your skills ready And join the New Year Trading Contest to win many prizes. And don’t forget to invite your friends and get your country into the top 3 for even more rewards!