How to participate in Bitfinex Leaderboard? (Trading competition)

Eligibility Requirements

1. Participants must be at least 18 years old and hold Chinese citizenship.

2. Each mobile phone number is permitted to register only one account; the registered number serves as a mandatory verification credential for prize collection.

3. Employees of GMO Group, its subsidiaries, service providers, and their immediate family members are explicitly barred from participation.

Account Setup & Initial Capital

1. Registration opens continuously during the competition period; users may sign up at any time via the official website.

2. Upon successful registration, every participant receives a fixed virtual trading capital of $50,000 USD denominated in stablecoin equivalents for simulated trading purposes.

3. All accounts undergo mandatory reset to zero balance before the official start date — specifically, on July 1st, following an open registration window beginning June 16th at 00:00 UTC.

Ranking Calculation Methodology

1. Monthly rankings are determined solely by monthly return rate, computed as: [(End-of-month balance − Beginning-of-month balance) ÷ Beginning-of-month balance] × 100%.

2. Annual rankings rely on cumulative return over the full contest duration, calculated as: [(Final balance − Initial balance) ÷ Initial balance] × 100%.

3. Real-time leaderboard updates display the top 20 positions for both monthly and overall standings; participants may verify individual placement through dedicated toll-free hotline support.

Platform Integration & Tools

1. The competition interface integrates directly with Bitfinex’s core infrastructure, enabling real-time order execution, margin lending simulation, and cross-market price monitoring across BTC, ETH, and major altcoins listed on the exchange.

2. Participants gain unrestricted access to Bitfinex Pulse analytics dashboards, historical candlestick datasets, and UNUS SED LEO staking metrics relevant to portfolio performance evaluation.

3. Automated trading scripts utilizing Bitfinex API v2 are permitted, provided they comply with rate-limiting policies and do not exploit latency arbitrage loopholes within the simulated environment.

Frequently Asked Questions

Q1: Is real cryptocurrency deposited or withdrawn during the competition?No. All transactions occur within a fully isolated sandbox environment using synthetic balances. No private keys, wallet addresses, or on-chain transfers are involved at any stage.

Q2: Can I use leverage during simulated trading?Yes. The platform mirrors Bitfinex’s live margin tiers — including 3.3×, 5×, and 10× options — but all margin calls and liquidations are calculated algorithmically without actual fund exposure.

Q3: Are API keys generated for participants?Each registered user receives a unique read-only API key upon login. Write-access tokens are disabled by default and require manual approval from Bitfinex compliance officers for verified institutional entrants only.

Q4: What happens if my account shows negative equity due to simulated losses?Negative balances are capped at zero. No debt obligations accrue. The system enforces hard floor limits to prevent artificial distortion of return metrics across participants.