Join the Bityard trading competition and stand a chance to win a share of the $60,000 USDT prize.
Anyone with an account balance of $50 or more can participate in this trading competition starting from April 27th to May 13th (GMT+8) 2021.
In this post, I'm going to share with you details of the Bityard trading competition and how to get paid to trade on Bityard among other opportunities.
So without wasting any time, let's get started.
But first...
What is Bityard?
Bityard is the world's leading cryptocurrency contract trading exchange headquartered in Singapore and with multiple offices across the globe.
The exchange also supports spot trading of cryptocurrencies, U.S. stock CFD (contract for difference), Forex, and Indices.
Click here to read my Bityard review in order to learn everything about the exchange.
Details of the Bityard trading competition
The Bityard trading competition is in two categories:
The team trading competition with a total prize pool of $60,000
The individual trading competition with a total prize pool of $5,000.
The competitions are open to any user with a minimum account balance of $50 USDT.
The Bityard team's trading competition
Users will be able to join a trading team of their choice from the exchange's official website to participate in the team's trading competition.
The top 10 teams based on trading volume during the period of the competition will be the winners. And they will share the total prize of $60,000 according to the reward distribution plan above.
The 1st ranked team will get 30% of the $60,000 reward
The 2nd ranked team will get 20% of the $60,000 reward
The 3rd ranked team will get 10% of the $60,000 reward and
The 4th - 10th ranked teams will share 40% of the $60,000 reward equally.
The distribution of rewards within each team will be as follows:
Each team leader will receive 30% of their team’s total reward.
The top 10 traders in each team based on trading volume will split 40% of their team's total reward equally.
All other team members will equally split 30% of their team’s total reward.
Only team leaders and team members with $50,000 USDT or more in futures trading volume during the competition period will receive a share of the team's reward.
The Bityard individuals trading competition
In a similar fashion, the top 10 individuals based on their trading volume during the period of the competition will share the $5,000 USDT reward according to the reward distribution plan.
The 1st ranked trader will get 30% of the 5,000 reward
The 2nd ranked trader will get 20% of the 5,000 reward
The 3rd ranked trader will get 10% of the 5,000 reward while
the 4th - 10th ranked traders will share 40% of the $5,000 reward equally.
Bonus prize for team leaders
Furthermore, a total of 100,000 TRX will be shared among the leaders of the top 3 most popular teams in the trading competition.
The most popular teams will be determined by the total number of individual traders with a $50,000 or more trading volume during the period of the competition.
So the more trading volume members of a team have, the greater the chances of their team leader winning a share of the 100,000 TRX for the top 3 most popular team leaders.
1st ranked team leader will get 60,000 TRX
2nd ranked team leader will get 30,000 TRX
3rd ranked team leader will get 10,000 TRX
How to become a team leader
To become a team leader in the Bityard trading competition, you must fill and submit the team leader application form.
Rules of the Bityard contract trading competition
You can only join one team and you can't switch to another after you join
Only members with a trading volume of $50,000 USDT or more (including leverage) can get a share of the prize pool.
For teams with less than 19 members, 70% of the prize pool will
be split equally among all members.
The ranking will be displayed on the official website series page, and
users can view the list there.
Rewards will be distributed within 7 working days after the competition is over.
Trading activities on the exchange will undergo rigorous inspection during
the period of the trading competition. Users found to have engaged in malicious acts intended to game the system such as transaction manipulations, illegal bulk accounts registration, self-dealing, etc., will be disqualified.
Anyone can join a team as long as the competition is still on.
If a team does not have up to 5 members, the members of that team will be randomly assigned to other teams.
Bityard reserves the right to cancel or amend any activity or activity rules at
our sole discretion.
Conclusion
Put your trading cap on, and go claim your share of the over $60,000 USDT reward prize.
With just a $50 account size, any trader can participate and take their share of the reward prize.
If you don't already have an account, Signup here and click on Trading competition from the top of the home page to join any of the 42 teams listed.
