Yesterday we successfully finished the Global Trading Competition! It was a great and exciting journey for all of us, with 50 weeks of the competition being completed!
Many of you have taken part in this event, and every participant will have a share of the prize pool!
Let’s recap how it all started in the beginning and follow it with the results and winners list!
Global Trading Competition in numbers
It all started exactly 1 year ago, on 24/07/2018. All of the competitors were granted $100 to trade on Binance exchange, with the help of MBN trust management technology. Everyone started to trade, using their strategies and predictions and at the end of the competition week, there was a list of the winners. All the participants received not only the profits they made but also competition points, which could be used as MBN tokens on the platform!
Let’s take a look at the summary of past competition:
Total trade volume: 1881497 USDT
Total Contracts were in management: 3160
Total balance were in management: 258280 USDT
Traders, who passed KYC for competition: 209
Payments for traders: 4444 USDT
List of the winners
The 1st place was taken by a trader who is known as @radix! Congratulations to him!!! He was showing great results throughout the whole competition and finished his performance with massive 958 tournament points, which is equal to 958,000 MBN tokens!
You can read an interview with @radix, and know he got into trading and where he got such experience! We took this interview way before, seeing extraordinary results from Radix in the middle of the competition:
For a full list of winners and their tournament points please visit the MBN platform. Here is the link for the leaderboard
Prize structure, main part: $100,000
For the main prize, we are distributing worth of $100,000 in MBN tokens for the first 20 places! Distribution of the tokens will take place 3 months after the end of the competition.
For that need, 5 million MBN tokens were locked, which is equal to $100,000 based on the public presale price.
Prize structure, points
We want to highlight all of the participants and pleased to say that who have earned tournament points will receive them on the balance! The point to MBN token ratio is 1/1000.
You can use tournament points to pay for the MBN services (trading bots, analyzer, etc), purchase ticket Trading Tournaments or use as regular MBN tokens on the platform.
We liked the idea of the Global Trading Competition, but we see a lot of things to improve!
With that said we are launching a series of Trading Tournaments. It will be multiple short tournaments with different rules and prizes in USDT. Funds from the tournament tickets are creating a prize pool, which will be granted to tournament winners.
For example, we have a tournament for $22 ($20 entry fee and $2 commission fee) and 50 participants. So the total prize pool will be $1000 which will be distributed over the first 5 places. And also, important to mention, that all profits generated by traders during the competition week will be sent to their wallets!
We have a plan to launch lots of tournaments with different rules (such as weekly trading, weekend brawl, battle royal, blind ninja and many others) and we hope you would love this idea!
We are releasing the UI update for the competition shortly, so you can see the detailed rules and purchase the ticket on MBN platform! Best of luck and see you on the fields of tournaments.