Tournament #2
$100K Monad Cards Invitational
An invite-only, four-week trading tournament, with two leaderboards.
$100,000 on the line.
Bonus prize: Monad Cards Invitational Badge SBT NFT for everyone who participates.
The competition runs from 16 July, 15:00 UTC to 13 August, 15:00 UTC.
Who's Invited
The Invitational is gated to two groups:
Perpl Points holders above a certain threshold
The exact Perpl Points threshold will be announced after the Week 5 Perpl Points snapshot.
If you are invited, all you need to do to participate is put in 1 trade.
Your wallet will automatically appear on the leaderboard, and you will qualify for the SBT Badge.
Two Leaderboards, Two Ways to Win
The competition runs on two independent leaderboards. All traders compete for both. Every market is eligible.
Trading Contest - $85,000
Ranks traders by a trading score that combines profit and volume, across all positions over the tournament period. PNL includes both realized and unrealized.
Calculated as:
Score = PNL × √Volume
Place
Cash Prize
Other Prizes
1
$25,000
Perpl VIP box
2
$15,000
Perpl VIP box
3
$10,000
Perpl VIP box
4
$7,500
Perpl VIP box
5
$5,000
Perpl VIP box
6–10
$2,500 each
11–20
$1,000 each
Total
$85,000
Volume Contest - $15,000
Ranks traders by total notional volume traded. Maker and taker volume count equally.
Place
Cash Prize
Other Prizes
1
$3,800
Perpl VIP box
2
$2,500
Perpl VIP box
3
$2,000
Perpl VIP box
4
$1,500
5
$1,200
6
$1,000
7
$900
8
$800
9
$700
10
$600
Total
$15,000
Monad Cards Invitational Badge
Every trader who participates will receive the Monad Cards Invitational Badge. A soulbound NFT.
To be eligible for the badge you need at least one trade.
The badge is permanent proof that you were here for the First Monad Cards Invitational Tournament.
Settlement
Payouts will be sent directly to the winners' accounts within 7 days of the leaderboards being finalized.
Rules
Perpl reserves the right to disqualify accounts at its discretion if an award recipient fails AML/KYC check performed by Perpl or if market manipulation practice is detected.
Wash trading, self-dealing and volume generated between coordinated wallets are not allowed and may result in disqualification from a Perpl leaderboard.
Institutional market makers are not eligible for participation in the tournament.
A minimum of $250k volume is required to be eligible for a prize.
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