Cryptocurrency derivatives exchange Bybit announced the launch of the BTC Brawl competition, which has been dubbed the “biggest global team trading competition the world has ever seen!”
The competition will see traders from all over the world pit themselves against each other to see who can come out as the top BTC brawler.
Bybit’s recent achievement of surpassing $4 Billion USD in daily trading volume establishes it as one of the most prominent crypto derivatives exchanges in the world.
The competition will follow a team format, with registration opening on November 18th, 2019. Team leaders will aim to recruit the best traders for their respective teams.
The competition will begin on November 28th, with a prize pool of up to 100 BTC. The more participants, the more BTC will be up for grabs! For example: With 3,000 participants there will be a pool of 10 BTC. 7,000 participants will have a pool of 50 BTC, and 10,000 participants will have a pool of 100 BTC.
The winners will be chosen by calculating the total “Realized Profit and Loss” of each team’s participants. Despite competing in teams, both the top ten performing teams and individuals overall will win prizes.
There is a required minimum of 0.05 BTC per individual in order to compete. To qualify, traders must ensure that they have a minimum of 0.05BTC in their exchange wallet. We strongly encourage participants to ensure they have the minimum amount of funds in their accounts when the competition begins to avoid any potential negative returns in the competition.
As soon as you register, visit the event page and select the team you wish to join. Once you have joined a team you will be unable to switch.
Registration will be open between November 18th and November 28th, 2019 The competition will kick off on November 28th at 9 am (UTC), running up till 9 am (UTC) on December 13th, 2019.
Prize Pool & Bonuses
The total prize pool of The BTC Brawl can reach up to 100BTC depending on the amount of competitors. As part of Bybit’s commitment to giving back to society, 5% of the total prize pool (including team and individual awards) will be donated to charity.
Participants who successfully register during the stipulated registration period will receive a one-time participation bonus. Participants will receive a registration bonus of either $10, $30 or $50 depending on when they sign up.
Bybit is a cryptocurrency derivatives trading platform established in March 2018 and registered in the BVI. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit has a global user base that spans North America, Europe, Russia, Japan, South Korea and Southeast Asia. Bybit services retail clients and professional derivatives traders alike. Their current trading pair offerings include: BTC/USD, ETH/USD, XRP/USD and EOS/USD perpetual contracts.
Find more about Bybit on the official website
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