TRADING RULES & OBJECTIVES (FULL SPECIFICATIONS)

I. PHASE 1: THE QUALIFICATION (QUALIFIER)
Duration: Maximum 21 calendar days. Profit Target: Reach +10% (1,100 Tokens) based on initial balance. Starting Balance: 1,000 Virtual Tokens. Minimum Activity: 3 individual “Profit Days” (minimum +10 tokens net profit per day, from UTC 00:00 till the end of the day). Daily Loss Limit: 200 Tokens (5%). Note: Hitting this limit locks the account for the remainder of the day (Soft Limit) but does not disqualify the user. Maximum Overall Loss: No hard disqualification. Users may recover from any drawdown as long as the Profit Target is met within the 21-day window. Advancement: Successfully reaching the target grants entry into the next available Phase 2 cycle.

II. PHASE 2: THE CHAMPIONSHIP ARENA
Nature: Synchronized Global Leaderboard Competition. Duration: 21 calendar days. Profit Target: None. Final ranking on the Leaderboard determines rewards. Daily Loss Limit: 150 Tokens (5%). [HARD FAIL] — Immediate disqualification. Maximum Overall Loss: 300 Tokens (30% / 700 Equity). [HARD FAIL] — Immediate disqualification. Inactivity Rule: 7 consecutive days of inactivity results in immediate disqualification. Verification: Top performers undergo a manual trade audit before rewards are issued.

III. RISK MANAGEMENT & EXECUTION (CORE RULES)
Market Exposure Limit: Maximum 10% (100 Tokens) of initial balance allocated per single market/event. Total Open Exposure: Maximum 50% (500 Tokens) of current balance may be allocated to open positions simultaneously. Position Sizing: Maximum 3 Shares per market. Mark-to-Market Evaluation: At the end of each Phase, all open positions are evaluated based on their current Fair Market Price. You do not need to wait for an event to settle to qualify, provided your current equity meets the requirements. Fair Play Policy: Use of latency arbitrage, “opposite account hedging,” or technical exploits will lead to a permanent ban and forfeiture of all rewards.

IV. REWARDS & KYC
Prize Pool: Distributed among the Top 10 eligible participants or the Top 20% of the Phase 2 Leaderboard (as specified in the current cycle). Identity Verification: Mandatory KYC (ID + Liveness check) is required for all reward recipients. Finality: All market resolutions are based on official, verifiable sources. The platform’s decision on outcomes is final.