February marks the beginning of another exhilarating trading contest on Parcl, running from February 1st 00:00 UTC to February 29th 23:59 UTC. With a generous prize pool and the chance to demonstrate trading expertise, this contest promises to be a battleground for the most skilled traders.
Prize Details
The competition heats up with $2,000 allocated for the top three performers ($1,000 for the first place, $600 for the second, and $400 for the third). Beyond the top three, the contest offers a maximum prize pool of $10,000 for traders who rank in the money, specifically designed to reward up to 203 participants.
Contest Dynamics
- Community Growth: For every new trader - up to 203 - ranking In the Money, an additional $50 is tossed into the communal prize pot. It's an excellent opportunity to bring in friends and elevate the competition.
- Measurement of Success: Rankings are based purely on the total USDC earned, focusing on realized profits and losses.
- Rules of Engagement: Only realized P&L affects leaderboard standings, encouraging traders to strategize their positions wisely.
- Open Timing: There's no restriction on when positions must be opened, as long as the P&L is realized within the contest window.
- In the Money Specifics: A cap of 203 traders will share in the extended prize pool, with distribution favoring those higher up the leaderboard. This section also enjoys exclusive eligibility for the contest's raffled prizes.
NFT Raffle
In addition to the USDC prize pool, In the Money Traders raffle for 7 exclusive NFTs, including 5 Eternally Staked Vanta NFTs from AssetDash and 2 HOA NFTs.
Conclusion
The February Trading Contest on Parcl sets the stage for a month filled with strategic trading, community engagement, and substantial rewards. Whether you're aiming for the top of the leaderboard or rallying friends to join the fray, the contest offers something for every ambitious trader.
Stay tuned for updates and may the best traders prevail!
Join the contest now and elevate your trading journey on Parcl.
The information provided on this blog is for general informational purposes only and is not intended as investment advice or as a recommendation of any particular security, strategy or investment product. The information on this blog is not intended to be, and should not be, relied upon as a substitute for individualized investment advice. The company and its management make no representation or warranty, express or implied, as to the accuracy or completeness of any information or opinions contained on this blog. Be sure to review all rules & terms that apply to this and any other contest offered by Parcl or its affiliates.
