The SynFutures Grand Prix Trading | Open Game Official Rules

We’re excited to reveal the official rules for the Open Game in the SynFutures Trading Grand Prix.

The Trading Grand Prix (“Competition”) Official Rules is subject to the Competition Terms and Conditions and the following terms:

Section I. Schedule

Open Grand Prix Competition

1. All SynFutures users can join the Competition and showcase trading skill sets. Terms and Conditions apply.
2. The Competition will start on March 12th, 2024, and run for two epochs.
3. Start and end dates (tentative before the actual commencement of each epoch).

• Epoch 1 Start Date: March 12th, 2024 8 am (UTC+0)
• Epoch 1 End Date: April 9th, 2024 8 am (UTC+0)
• Epoch 2 Start Date: April 9th, 2024 8 am (UTC+0)
• Epoch 2 End Date: May 7th, 2024 8 am (UTC+0)

4. The open competition features a total trading rewards pool of 250,000 USDB.

5. Each week, winners’ rewards will be distributed based on the following ranking:

6. The Epoch 1 tournament ranking will be based on absolute PNL by USDB value snapshot at the end of each tournament, where PNL ranking calculation

a. TotalPnL(Date) = SumQuote(TotalPnL(Quote, Date)/QuoteUSDB(Date))

b. TotalPnL(Quote, Date) = AccountValue(Quote, Date) + TotalWithdrawal(Quote, Date) — TotalDeposit(Quote, Date)

7. The ranking for the Epoch 2 tournament will be determined by various parameters. Further information regarding these details will be announced at a later stage.

8. To be eligible for rewards, participants’ trading volume in the corresponding week must be greater than the reward amount. This means the 1st place winner’s trading volume must exceed 10,000 USDB and the 50th place winner’s trading volume must exceed 100 USDB through the tournament session.

9. A special weekly lucky draw will be held, awarding prizes to eight (8) participants who showcase and promote the Competition in good faith and without engaging in fraudulent acts. The participation guidelines will be stated on the Competition page.

10. The distribution of winners’ rewards will be subject to the winners following the designated rewards claim procedure.

11. SynFutures, at its sole discretion, retains the right to perform additional verification, including Know Your Customer (KYC) procedures, on the winners of the Competition. The winners are required to furnish all necessary identification documents and credentials for the distribution of rewards. Failure to comply with this requirement may result in the forfeiture of the rewards.

Section II. Eligible Pairs

The Competition Ranking calculation includes all trading pairs eligible for Oyster Odyssey O_O Points on SynFutures. You will also find such eligible pairs with a 🏆 sign.

Section III. Participation and Qualification

1. Subject to the Eligibility terms set forth in Competition Terms & Conditions, SynFutures reserves the right to limit participants’ access through IP addresses, wallet addresses, or any other identification factor at SynFutures’ sole discretion.
2. SynFutures reserves the right to request additional information to carry out essential verifications for qualification purposes.

Section VI. Data Privacy

1. By participating in any Competition, the participant acknowledges that any personal information provided to SynFutures will be maintained according to the Privacy Policy https://www.synfutures.com/policy.
2. The participants further agree and acknowledge that the information collected may include participants’ names, contact details, trading account information, and trading activity data. SynFutures may use the collected data to communicate with participants, verify eligibility, and announce competition results. Additionally, SynFutures may aggregate and analyze anonymized data for statistical purposes.
3. By participating in the Competition, participants acknowledge and consent to the collection, processing, and storage of their personal data as described in this privacy policy.

Section V. Disqualification

1. SynFutures retains the authority to invalidate trades that are identified as wash trades or involve accounts registered illegally in bulk.

2. Additionally, trades exhibiting characteristics of self-dealing or market manipulation may also be disqualified.

3. Any violation of Section III Participation and Qualification, will also lead to disqualification before, during, or after the Competition.

4. In the event of disqualification, SynFutures reserves the right to pursue indemnification from the trader for any damages arising from the violation of the official rules, up to the extent of the total detriment suffered by SynFutures.

Section VI. Tax

1. Participants are solely responsible for complying with any applicable tax obligations resulting from their participation in the Competition. Any prizes or rewards won may be subject to tax liabilities as per the laws and regulations of the participant’s jurisdiction.
2. It is advised that participants consult with a qualified tax professional to understand and fulfill their tax obligations related to any winnings or rewards received from the Competition.
3. SynFutures does not provide tax advice, and participants are responsible for reporting and paying any applicable taxes on their own.

Section VII. Force Majeure

1. In the event of a force majeure event, including but not limited to natural disasters, acts of terrorism, government regulations, or any other unforeseen circumstances beyond the control of the competition organizer, SynFutures reserves the right to modify, suspend, or terminate the Competition.
2. Participants acknowledge and agree that SynFutures shall not be held liable for any losses, damages, or inconveniences caused as a result of such force majeure events. SynFutures will make reasonable efforts to notify participants of any changes or cancellations due to force majeure events, but shall not be obliged to provide compensation or alternative arrangements.

For more questions, refer to the Trading Grand Prix FAQ or reach out to us via the official Discord https://discord.com/invite/synfutures/ Telegram channel https://t.me/SynFutures_Defi.