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On this page
  • What is the LeverageX Trading Tournament?
  • How Does It Work?
  • Prize Distribution
  • Timeline
  • How to Participate?
  • How Are Winners Determined?
  • Why Join?

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Tournament

Last updated 3 months ago

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What is the LeverageX Trading Tournament?

The LeverageX Trading Tournament is a high-stakes, poker-style trading event where traders compete for the prize pool based on their Profit Score.

How Does It Work?

There are two separate tournament groups:

πŸ”΄ 500 USDC Buy-In for Group 1

🟒 100 USDC Buy-In for Group 2

Traders compete only within their tier for a share of the prize pool.

Prize Distribution

Each group has 3 winners:

πŸ₯‡ 1st Place β†’ 70% of the respective prize pool

πŸ₯ˆ 2nd Place β†’ 20% of the respective prize pool

πŸ₯‰ 3rd Place β†’ 10% of the respective prize pool

Timeline

  • Deposit Deadline: Thursday, Feb 6th 2025, 23:59 UTC

  • Tournament Duration: Friday, Feb 7th - Wednesday, Feb 12th (5 Days), 23:59 UTC

How to Participate?

  • Only USDC on Base is accepted. No other tokens or chains!

  • Deposits must be made before the deadline to be eligible (Thursday, Feb 6th 2025, 23:59 UTC)

Important: Once you send USDC, your wallet is automatically whitelisted for the competition. No additional sign-ups, full anonymity possible.

How Are Winners Determined?

  • The Profit Score from trading during the tournament will determine the rankings.

  • The top 3 traders in each category will share the full prize pool.

The Profit Score is designed to fairly assess trader performance by considering absolute profits, percentage profits, and trading activity.

  • Profit Score Formula

    • Profit Score = (P&L in $ * 0.2) + (P&L in % * 0.5) + (Number of Trades * 0.3)

  • Key Components

    • 1. P&L in $

      Reflects the absolute profit or loss achieved by the trader during the competition. Weighted at 20% in the final score.

    • 2. P&L in %

      Accounts for the relative profit or loss as a percentage of the initial trading balance. This ensures fairness across traders with different starting balances. Weighted at 50%.

    • 3. Number of Trades

      Recognizes the trader’s activity and consistency during the competition. Weighted at 30%.

Why Join?

  • Fair & Transparent β†’ Profit-based ranking

  • High Rewards β†’ Up to 70% payout for 1st place

  • Just send & trade!

Send 500 USDC or 100 USDC (depending on your group) to the designated deposit address: (Base Chain)

Trading will take place on

Ranking will be available on

0xca329B5F14EEcd8Cdf70Bf6316452779e95D528a
https://app.leverageX.trade
https://leverageX.trade/competition