Join the Tealstreet 2022 WSOT Trading Competition team

Registration open from May 26th to June 26th 6PM UTC. Join today!

24/7 Live Stream Trading 24/7 on Twitch: https://www.twitch.tv/tradersamwise

24/7 text and voice call channels on Discord dedicated to WSOT: https://teal.link/discord

Rules & Regulations:

Eligible Contracts: USDT Perpetuals, USDC Perpetuals, USDC Options, BTCUSD, ETHUSD, EOSUSD, XRPUSD, BITUSD, DOTUSD, ADAUSD, SOLUSD, MANAUSD, LTCUSD Inverse Perpetuals, and BTC and ETH Inverse Futures.

The Squad Leader can choose from one of the three entry requirements below to set for his or her own squad:
– None (Consistent with the WSOT Threshold of Total Assets ≥ 500 USDT)
– Last 30 days Derivatives Trading Vol ≥ 50,000 USDT or Derivatives Account ≥ 1,000 USDT (Regardless of currency)
– Last 30 days Derivatives Trading Vol ≥ 500,000 USDT or Derivatives Account ≥ 10,000 USDT (Regardless of currency)
Users can select a squad that meets their threshold and join in the competition page. All participants must join at least one (1) squad. After joining a squad, they cannot change squads unless the squad is disbanded.

– Squad Member Enrollment Criteria: Reach the requirements of the squad.

– Squad Member Ranking Criteria: At the start of the competition, if the user’s wallet amount of one contract currency is ≥ 500 USDT for more than five (5) mins, the system will record that amount as the initial equity for the contest. If a withdrawal or transfer occurs later, the yield may be negative.

– Squad Member Rewarding Criteria: If it’s based on the Threshold Volume, a user’s Derivatives Transaction Volume must be ≥ 30,000 USDT during the competition period; if it’s based on Effective P&L(%) or Profit, a user’s Trading Volume must be above the prescribed threshold.

Prize Pools:
– Squad P&L(%) Reward: Accounts for 60% of the total prize pool, with the top 10 squads getting the reward. In each winning squad, the Squad Leader will get 20% of the Squad Rewards, the top 10 eligible members will share 30% of the Squad Rewards, and the remaining 50% of the Squad Rewards will be shared equally by the squad members who reach the threshold volume.
– Individual P&L(%) Reward: Accounts for 20% of the total prize pool, with the top 10 participants getting the reward. The system will calculate the coin P&L(%) and see which has a higher P&L(%) for eligible Contracts.
– Individual Profit Reward: Accounts for 20% of the total prize pool, with the top 10 participants getting the reward. The system will calculate all your eligible Contracts’ profits according to the snapshot prices of the eligible Derivatives at the time of the last update.
– Popular Leader Rewards: Each Squad Leader whose squad reaches the member threshold count will get an additional withdrawable BTC.
– Each Derivatives contest is ranked by Squad P&L (%), Individual P&L (%), and Individual Profit that is updated every five (5) minutes.
– USDC contest is ranked by Squad P&L (%), Individual P&L (%), and Individual Profit that is updated every one (1) hour.

– Users can participate and compete in all three (3) contests.