Are you passionate about trading? Or are you simply curious? We welcome you to our semi-annual international intervarsity trading competition where you can see how you match up against competitors from Australia, New Zealand, Poland and South Korea for a chance to take your share of the total prize pool of over $3000AUD!
Whether you simply want to get a taste of trading or hope to practice your trading skills, this is a perfect chance for you to challenge yourself and represent your university! Dip your toes in the complex field of cryptocurrency and trade bitcoin with real capital on the live market. This will be a perfect opportunity for those who want to develop practical skills in the fast-paced and exciting world of cryptocurrencies.
🎉🎉 Competition Information 🎉🎉
Starts: 9th March 9AM AEDT, 2020
Ends: 16th March 9AM AEDT, 2020
💎💰 Cash Prizes 💰💎
1st Place: $1000 AUD
2nd Place: $500 AUD
3rd Place: $300 AUD
4th Place: $200 AUD
5th Place: $100 AUD
WINNING UNIVERSITY: $1000 AUD
Sign up here: 👉https://forms.gle/4P6UpLK6WxWja4Ku6
Is there a cost to enter?
No, entrance to the competition is free.
When does the competition start and end?
The competition runs for 1 week from 9th March 9AM AEDT to 16th of March 9AM AEDT.
How much funding will I get in my account?
Each account will be funded with 0.001 Bitcoin. You will have a maximum of x10 leverage thereby giving you a maximum position size of 0.01 Bitcoin.
What is leverage and can I use it?
Leverage is a multiplier that allows you to increase your position size based on a fixed funding amount. For example, if your account was funded with 0.001BTC and you used x10 leverage, all gains and losses are multiplied by 10. So a 1% movement in price will result in a profit or loss of 10% on your account. On the other extreme if you used 100x leverage, a 1% price swing against your position would result in your account being wiped out.
We recommend using a minimum of x2.5 leverage on every order as orders below a value of 0.0025XBT are regarded as Spam by the BitMex system and don’t appear in the order book. https://blog.bitmex.com/notice-regarding-spam-orders/
How can I track my performance?
A leaderboard showing the top 5 individual traders plus university will be updated at around 6PM AEDT from Monday to Friday on our sponsor’s website.
How can I sign up?
When will I receive my login details?
Participants will receive their Bitmex login details via email at 9th March 9AM AEDT. Once you receive these details you will be able to start trading immediately.