This summer is going to be electrifying, with Phemex starting the third edition of Trader’s Arena. So get your racing car and your team hit the gas pedal, and be the first to the finish line!
The faster you drive, to closer you are to $750,000!
Let’s set up the wheels
The crypto trading competition starts on June 7, 2021 and you have time to gather your crew until June 20, 2021. The bigger the crew, the bigger the fire – so make sure you get at least 10 partners.
The Arena starts on June 21, 2021 and lasts until July 4, 2021. The trophy and rewards will be handed over on July 12, 2021. The value of the trophy will depend on how many cars compete in the race, and it can range from $3,000 (for less than 500 participants) to $750,000 (for at least 10,000 participants).
What you’re in for
There are two types of awards – one for the team and for individuals. What race would it be without some competition between crew members? Team awards account for 78% of the total prize pool, while individual awards account for 22%.
Team award distribution
- First place gets 25% of the TPP;
- Second gets 15% of the TPP;
- Third place gets 8% of the TPP;
- Fourth to tenth places get 30% of TPP distributed evenly.
Individual award distribution
- First place gets 8% of the TPP;
- Second place gets 5% of the TPP;
- Third place gets 2% of the TPP;
- Fourth to tenth places get 7% of TPP distributed evenly.
What’s in for the drivers
Being the main driver/ team captain of the car gives you a lot of benefits, from the awards distribution to individual rewards. First of all, out of your team award, you will get 40%, while 30% goes to the top 10 traders of the team, and the remaining 30% is split equally with the rest of the team.
And secondly, for the first time in the history of Trader’s Arena, team captains get an individual reward depending on how big is their crew:
- 10 members – $300;
- 20 members – $500;
- 30 members – $700;
- 50 members – $1,300;
- 100 members – $2,500;
- 150 members – $4,000;
- 200 members – $6,000
Meet the flagger
Phemex is an outstanding crypto derivatives exchange founded by Wall Street traders and investors. It has over 1 million users not just because their features and its innovative zero-fee spot trading but because of its innovative and exciting activities.
The team loves to organize trading competitions, invite guests on their platform, and design merchandise. They even created an entire piece of art out of their users’ QR codes and launched it as an NFT – “The QR Touch.”
They sure know how to have fun! And speaking of merchandise, if you follow their activity on Twitter, you have all the chances to get your own during the competition. Hoodies, T-shirts, all of them designed with dynamic splashes of color.
Racing can be felt, not expressed, so get ready for the Trader’s Arena and look at the other racers in your mirror!
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
