This article provides an overview and detailed explanation of the competition’s structure, rules, and rewards. Whether you’re a seasoned trader or new to GRVT, this guide will help you understand how to participate in both phases and maximize your rewards.
TL;DR
Phase 1 (National Trials):
Compete against traders within your country to become one of the top 5–10 finalists. Rewards depend on rank and your trading volume milestone, with bonus points available for reaching volume milestones and early registration.Phase 2 (Olympic Finals):
Join your national team and help boost your country’s total trading volume. Rewards are given based on team performance, and individual rewards are proportionally distributed according to each member’s contribution.
Phase 1 submission period: April 7 - April 13 11:00 UTC
Phase 1 competition period: April 14 11:00 UTC - April 22 10:59:59 UTC
Phase 1 Finalists Announcement: April 23-24
Phase 2 Competition period: April 28 11:00 UTC - May 7 10:59:59 UTC
Overview
The competition consists of two phases:
Phase 1: National Trials
Purpose: Identify the top traders in each country.
Process: Users from each region compete based on trading volume. The top performers (between 5 and 10 per country) become finalists.
Rewards: Distributed individually to the top 10 traders in each country, based on ranking and trading volume.
Phase 2: Olympic Finals
Purpose: Finalists form national teams and compete as a country.
Process: National teams’ total trading volumes determine the team’s ranking and the size of the reward pool.
Rewards: Awarded based on medal status (Gold, Silver, Bronze) and distributed individually to team members proportionally to their contribution.
Eligibility:
All GRVT users who have completed KYC are eligible to participate.
User stats are tracked by nationality (via KYC) and used in Phase 2.
During the recruitment period, daily updates on participant counts by country will be provided.
Phase 1: National Trials
How It Works
Competition Format:
Trading volume is tracked for each participant within their own country. Players compete against others from the same region.Finalist Selection:
A minimum of 5 and a maximum of 10 top traders from each country will be selected as finalists based on their individual trading performance.
If a country has fewer than 5 participants, those players will be merged into the GRVT Team.
Reward Distribution
Rewards are awarded separately for each country. Each of the top 10 traders receives a reward based on both their rank and the trading volume milestones they achieve. The volume milestones are as follows:
Volume ≥ 1M
Volume ≥ 3M
Volume ≥ 5M
Volume ≥ 10M
The Total Prize Pool for each trading volume milestone is:
Volume ≥ 1M: 3,000 USDT + 1M Trader Points
Volume ≥ 3M: 5,300 USDT + 3M Trader Points
Volume ≥ 5M: 15,000 USDT + 10M Trader Points
Volume ≥ 10M: 15,000 USDT + 50M Trader Points
Below is a summary of the reward structure by rank and trading volume:
Rank | Volume ≥ 1M | Volume ≥ 3M | Volume ≥ 5M | Volume ≥ 10M |
1 | 500 USDT + 100,000 Trader Points | 1,000 USDT + 300,000 Trader Points | 2,000 USDT + 1,000,000 Trader Points | 5,000 USDT + 5,000,000 Trader Points |
2 | 400 USDT + 100,000 Trader Points | 900 USDT + 300,000 Trader Points | 1,800 USDT + 1,000,000 Trader Points | 4,000 USDT + 5,000,000 Trader Points |
3 | 400 USDT + 100,000 Trader Points | 900 USDT + 300,000 Trader Points | 1,800 USDT + 1,000,000 Trader Points | 4,000 USDT + 5,000,000 Trader Points |
4 | 300 USDT + 100,000 Trader Points | 800 USDT + 300,000 Trader Points | 1,600 USDT + 1,000,000 Trader Points | 3,500 USDT + 5,000,000 Trader Points |
5 | 300 USDT + 100,000 Trader Points | 800 USDT + 300,000 Trader Points | 1,600 USDT + 1,000,000 Trader Points | 3,500 USDT + 5,000,000 Trader Points |
6 | 250 USDT + 100,000 Trader Points | 700 USDT + 300,000 Trader Points | 1,400 USDT + 1,000,000 Trader Points | 3,000 USDT + 5,000,000 Trader Points |
7 | 250 USDT + 100,000 Trader Points | 700 USDT + 300,000 Trader Points | 1,400 USDT + 1,000,000 Trader Points | 3,000 USDT + 5,000,000 Trader Points |
8 | 200 USDT + 100,000 Trader Points | 600 USDT + 300,000 Trader Points | 1,200 USDT + 1,000,000 Trader Points | 2,500 USDT + 5,000,000 Trader Points |
9 | 200 USDT + 100,000 Trader Points | 600 USDT + 300,000 Trader Points | 1,200 USDT + 1,000,000 Trader Points | 2,500 USDT + 5,000,000 Trader Points |
10 | 200 USDT + 100,000 Trader Points | 600 USDT + 300,000 Trader Points | 1,200 USDT + 1,000,000 Trader Points | 2,500 USDT + 5,000,000 Trader Points |
Example Scenario (Phase 1)
For instance, consider Country A’s top 10 traders with the following rewards:
Rank 1: With a trading volume of $15,000,000 (Volume ≥ 10M), receives 5,000 USDT + 5,000,000 Trader Points.
Rank 2: With a trading volume of $14,000,000 (Volume ≥ 10M), receives 4,000 USDT + 5,000,000 Trader Points.
Rank 3: With a trading volume of $11,000,000 (Volume ≥ 10M), receives 4,000 USDT + 5,000,000 Trader Points.
Ranks 4 & 5: With volumes around $8,000,000 and $6,000,000 respectively (Volume ≥ 5M), receive rewards in the 1,600 USDT + 1,000,000 Trader Points range.
Subsequent Ranks: Continue to receive rewards as per the ranking table based on their individual trading volume bracket.
Bonus Rewards (Phase 1)
Volume Bonus: Any participant reaching 1,000 USDT in trading volume earns an additional 500 Trader Points.
Early Application Bonus: The first 50 applicants in each region will receive 500 Ecosystem Points.
Phase 2: Olympic Finals
How It Works
Team Formation:
Finalists from Phase 1 form national teams to represent their country.Unified Fee Level:
All players compete under a unified fee level during this phase.Team Competition:
Teams are ranked by their total trading volume. Based on the ranking, teams are awarded medals (Gold, Silver, Bronze) and even teams that do not receive a medal will still earn a share of the overall prize pool.
Reward Distribution
Rewards in Phase 2 depend on both the medal category and the team's total trading volume. They are distributed individually to team members based on the percentage of the team’s total trading volume that each member contributed.
The Total Prize Pool for Phase 2 is determined by the team’s trading volume:
Volume ≥ 1M: 6,200 USDT
Volume ≥ 10M: 29,000 USDT
Volume ≥ 100M: 120,000 USDT
Below is the reward structure based on medal type and trading volume:
Medal | Volume ≥ 1M | Volume ≥ 10M | Volume ≥ 100M |
Gold | 2,000 USDT | 10,000 USDT | 50,000 USDT |
Silver | 1,700 USDT | 8,000 USDT | 40,000 USDT |
Bronze | 1,500 USDT | 6,000 USDT | 20,000 USDT |
Remaining teams | 1,000 USDT | 5,000 USDT | 10,000 USDT |
Example Scenario (Phase 2)
For example, if the No. 1 team achieves a total trading volume of ≥ 100M:
Member Contribution:
If Member A contributed 20% of the team’s cumulative trading volume, they will receive 20% of the 50,000 USDT allocated for the Gold medal bracket. This ensures that rewards are fairly distributed based on individual contributions.