The Bitazza Trading Simulator Tournament Explained

Put your trading knowledge and skills through a season-long test, and earn rewards!

Season 4 of Trading Simulator Tournament is live, and the competition has already started heating up. However, there is still plenty of time for you to participate and get your name into the weekly leaderboard. 

With trading simulator, you can work out your trading strategies in a simulated environment to earn coveted medals, and Freedom Shards (FDS) based on your trading performance. So whether you are a seasoned trader or new to the market, this tournament offers everyone a level playing field with an exciting, risk-free opportunity to compete and enhance your trading skills. Learn more about trading simulator, and how the tournament works.

Event Period:

9th September 2024, 17:00 to 9th December 2024, 17:00 (UTC+7)

How to Participate:

• Download Bitazza app and sign up/ sign in Bitazza Account
• Join Trading Simulator by clicking Simulator menu
• Tick “I have read and agree to User Consent” and press “Proceed” to start trading and gain a chance to earn shared prize pool of 7,000 Freedom Shards (FDS)

Start Trading:

Upon joining, you will receive 10,000 USDS in simulated funds. You can use this to buy/long or sell/short any available coins in the market.

Monitor Your Rank:

Your simulator trading performance is ranked by %PNL (Profit and Loss Percentage) which you can find behind the ‘Statistics’ button. You can also track your performance in real-time, as the leaderboard updates every 15 minutes.

Reach the Top:

The more you trade, the higher your chances of reaching the top. Compete for a medal in the top 5, or a spot in the top 100, and win Freedom Shards (FDS) rewards!

Leaderboard & Rankings:

Rankings are determined by your %PNL scores. There are six different ranks in Trading Simulator Tournament 4:

• Grand Master: Top 1% of challengers (Max 50 challengers) with the minimum %PNL 30%
• Master: Top 10% of challengers with the minimum %PNL 20%
• Diamond: Top 25% of challengers with the minimum %PNL 10%
• Gold: Top 50% of challengers with the minimum %PNL 0%
• Silver: Top 75% of challengers with no minimum %PNL required
• Bronze: no minimum %PNL required

How to Trade:

All participants will be provided with a capital of 10,000 USDS, in the form of a virtual stablecoin in your simulator wallet. There are only two modes of simulated trading—buying and selling—also known respectively as ‘long’ (green) and 'short’ (red).

Buy/Long Example:

As an example, if you decide to buy (or "long") a token for 3,000 USDS. This means you are expecting the token’s price to increase. Initially, your portfolio will show that you own 3,000 USDS worth of this token, with 7,000 USDS of your credit remaining.

If the token’s price increases to $3,500, your assets will now show a profit of 500 USDS because the value of the token has gone up. However, if it goes in the opposite direction towards $2,500, then you will notice a -500 USDS unrealized loss in your overall balance.

Sell/Short Example:

Conversely, if you sell (or "short") that token at 3,000 USDS, you are expecting the price of that token to go down. Initially, your portfolio will show a negative position with 7,000 USDS remaining.

If the price of that token drops to 2,500 USDS, you would make a profit of 500 USDS because you had successfully predicted the price decrease. However, if the price increases, you will face a negative balance in that token.

Rules & Regulations:

• Each participant starts with 10,000 USDS in simulated funds.
• Event period: 9 September 2024 17:00 to 9 December 2024 17:00 UTC+7 time.
• Participants must verify their Bitazza account before 9 November 2024 17:00 UTC+7 time will be eligible to win prizes. Users who joined after 9 November 2024 17:00 UTC+7 will not receive a rank but will be able to trade freely.
• You will be awarded a rank within 24 hours after you have made 1 successful trade.
• Only trades made within the event period count toward the leaderboard.
• Every 15 minutes your %PNL will be updated which affects your rank.
  

• After the tournament ends, eligible users will receive the following rewards via an airdrop to their Freedom wallet within 10-15 working days. 

  • • • Participants must use the same email for both Bitazza and the Freedom World app accounts. 
      • Rewards will be airdropped directly to the Freedom wallet in the Freedom World app.
      • Freedom Shards Prize Pool: Top 100 ranked users will receive Freedom Shards (FDS) from a total prize pool of 7,000 Freedom Shards
      • Prize Pool Allocation:

• Bitazza reserves the right to change the rules and regulations of this event at any time.

Join Trading Simulator Season 4 now!: https://bitazza.onelink.me/YsZ4/xua047tn

Learn more about Freedom Shards (FDS) here: https://blog.bitazza.com/blog/understanding-fds-gl

*Terms and Conditions Apply.

**Bitazza reserves the right to change the rules and regulations at any time.