The Cardano September Trading Competition is a high-energy, performance-driven event designed for active traders looking to showcase their skills in the dynamic world of cryptocurrency derivatives. Hosted on a leading digital asset platform, this competition offers participants the chance to earn a share of a dynamic prize pool by demonstrating consistent profitability and strategic trading acumen in USDT-margined perpetual contracts.
Whether you're a seasoned trader or an emerging talent in the crypto space, this event provides a structured environment to test your strategies, track real-time performance, and compete against a global pool of skilled participants.
📅 Competition Timeline
Mark your calendars—the competition runs on a tightly scheduled timeline:
- Registration Period: 9 September 2024, 00:00 UTC – 10 October 2024, 23:59 UTC
- Competition Period: 9 September 2024, 00:00 UTC – 11 October 2024, 23:59 UTC
It’s essential to complete your registration before the cutoff. Late entries will not be accepted. Once registered, your trading activity during the full competition window will be tracked and evaluated for leaderboard eligibility.
👉 Discover how to maximize your trading edge during the competition period.
✅ Eligibility Requirements
To ensure fairness and compliance, the competition enforces strict eligibility criteria:
- Registration Confirmation: Simply clicking “Join Now” isn’t enough—you must confirm that the button changes to “Enrolled.” Without this confirmation, your participation is invalid.
- Affiliate Invitee Status: Only users who registered using an affiliate’s referral link or invitation code are eligible. This restriction ensures the campaign remains exclusive to its intended audience.
- Main Account Participation: Only main trading accounts qualify. Sub-accounts cannot participate, and their trading volume or P&L will not contribute to the main account’s results.
- Geographic Restrictions: Due to regulatory compliance, users from certain jurisdictions are excluded. For a complete list, consult clause 2.2 of the platform’s Terms of Use. Eligibility is determined by verified user information.
📊 Asset and Trading Volume Criteria
To qualify for ranking and prize distribution, participants must meet two core benchmarks:
1. Asset Qualification
At the start of the competition, your trading account must hold at least 1 USDT in equity. This threshold confirms your active status and contributes to the calculation of the dynamic total prize pool.
2. Trading Volume Requirement
During the competition period, you must achieve a minimum trading volume of 1,000 USDT in USDT-margined perpetual contracts. This volume is essential for P&L% calculation. Failure to meet this benchmark renders your score invalid and removes you from the leaderboard.
3. Minimum Participant Threshold
The competition will only proceed if at least 10 qualified participants enroll. If this threshold isn’t met, the event will be canceled.
These criteria ensure that only committed and active traders are rewarded, maintaining the integrity and competitiveness of the event.
🛠️ Eligible Trading Instruments
The competition is focused exclusively on:
All USDT-margined Perpetual Contracts
Only trades executed in USDT-denominated pairs count toward your volume and performance metrics. Importantly:
- Trading volume is calculated only from your own deposited funds.
- Platform-provided incentives—such as rebate cards, contract experience coupons, or other promotional rewards—are excluded from volume and P&L calculations.
This rule prevents artificial inflation of performance metrics and ensures a level playing field for all participants.
🧮 How P&L% Is Calculated
Your ranking on the leaderboard is determined by your Profit and Loss Percentage (P&L%), a standardized metric that normalizes returns across varying account sizes.
🔢 P&L% Formula
P&L% = P&L / (Initial Equity + Total Deposit Amount) × 100%Where:
- P&L = Unrealized P&L + Realized P&L – Initial Unrealized P&L
Let’s break down each component:
📍 Initial Equity
This is the USDT balance in your main trading account during the first five minutes of either:
- The competition period, or
- Your enrollment time — whichever occurs later.
Withdrawals or losses during the competition do not affect this value once it's locked in.
📍 Total Deposit Amount
Includes:
- USDT transferred from non-trading accounts (e.g., funding wallet) to your main trading account.
- USDT earned via spot trades within the main trading account.
- USDT obtained from contract vouchers during the competition.
Again, withdrawals do not reduce this total—only additions are counted.
📍 Initial Unrealized P&L
The value of your open perpetual positions at the start of the competition period. This baseline ensures that pre-existing positions don’t unfairly inflate your performance.
💡 Important Note: Before meeting the asset qualification (≥1 USDT equity), your P&L% is calculated using the 1 USDT threshold as the denominator. Once qualified, it switches to (Initial Equity + Total Deposit Amount).
❓ Frequently Asked Questions (FAQ)
Q1: Can I join if I didn’t use an affiliate link?
No. Only users who registered via an affiliate’s referral link or entered an invitation code are eligible. This is a strict requirement for participation.
Q2: Do spot trades count toward the trading volume?
No. Only USDT-margined perpetual contract trades contribute to the required 1,000 USDT volume. Spot trading activity is not included.
Q3: What happens if I withdraw funds during the competition?
Withdrawals do not impact your Initial Equity or Total Deposit Amount—they are already locked in at calculation time. However, reducing your balance may affect your ability to maintain open positions or meet margin requirements.
Q4: How is the prize pool distributed?
The prize pool is dynamic and based on the number of qualified participants. Top performers ranked by P&L% receive proportional shares, with exact distribution announced post-competition.
Q5: Can I use leverage during the competition?
Yes. Leverage is permitted within platform limits. However, high leverage increases risk—your P&L% reflects both gains and losses.
Q6: When will winners be announced?
Results will be finalized within 72 hours after the competition ends on 11 October 2024. Winners will be notified via platform messages.
💡 Pro Tips for Maximizing Your Performance
- Start Strong: Ensure your account meets the 1 USDT equity requirement early to lock in your Initial Equity.
- Trade Consistently: Aim to exceed the 1,000 USDT volume threshold well before the deadline to avoid last-minute issues.
- Monitor Open Positions: Your Initial Unrealized P&L is fixed at the start—be mindful of how new trades affect your overall performance.
- Avoid Promotional Funds: Since bonus credits don’t count, rely on real deposits and organic trading gains.
👉 Learn advanced strategies to boost your P&L% and climb the leaderboard.
Final Thoughts
The Cardano September Trading Competition is more than just a race for profits—it’s a test of discipline, strategy, and risk management in live market conditions. With clear rules, transparent calculations, and a focus on real trading performance, it offers a valuable opportunity for traders to prove their skills on a global stage.
By understanding the eligibility criteria, mastering the P&L% formula, and focusing on eligible contracts, you position yourself for success in this competitive environment.
Remember: every trade counts, but only those who meet all requirements will qualify for rewards.
👉 Get started today and turn your trading strategy into results.