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Every competition runs on the same payout math. No favorites, no manual adjustments — the pool splits by formula the moment the clock hits zero.

How winners are ranked

Rank is decided by ROI — PnL percentage on the simulated balance — highest first. That’s relative performance, not absolute dollars. Every participant starts from the same **10,000simulatedbalance,sothetraderwhoturns10,000 simulated balance**, so the trader who turns 10,000 into 10,800(+810,800 (+8%) outranks one who turns it into 10,500 (+5%) — position size and starting capital never enter into it. It’s a level field: skill and conviction decide the standings, not who was willing to risk more.

Who gets paid

The top 40% of the lobby gets paid. The rest walk away having risked only their entry fee. Paid Ranks=Max Participants×0.40\text{Paid Ranks} = \lceil \text{Max Participants} \times 0.40 \rceil
Lobbies of 1–3 players pay everyone — there’s no such thing as a competition where nobody wins.
A 20-player lobby pays 8 ranks. A 50-player lobby pays 20. The smaller the field, the better your odds of cashing — but the math is fixed, not negotiable.

The payout curve

Payouts are front-loaded. First place takes half the pool; the tail is split among the rest of the paid ranks.
RankShare of prize pool
150%
220%
38%
45%
5+share the remaining 17%, weighted — earlier ranks get more
Ranks 5 and beyond split that 17% tail using linearly decaying weights: the last paying rank gets the smallest slice, and each rank above it gets progressively more. Any rounding dust from the split folds into Rank 1, so the pool always sums to exactly 100% — never a cent over or under.
Higher ROI always beats lower ROI, no matter the dollar amounts involved. Grinding out a small, consistent gain across the whole competition window ranks above a big early gain that fades by settlement.

Worked example

A 20-player competition, **50entryfee.Totalpoolis50 entry fee**. Total pool is 1,000; after the 8% platform fee, the prize pool is $920. Top 40% of 20 players = 8 paid ranks. Ranks 5–8 split the 17% tail ($156.40) with weights of 4/3/2/1 out of 10:
RankFormulaPayout
150% of $920$460.00
220% of $920$184.00
38% of $920$73.60
45% of $920$46.00
54/10 of $156.40$62.56
63/10 of $156.40$46.92
72/10 of $156.40$31.28
81/10 of $156.40$15.64
Ranks 9–20 finished outside the paid zone — their max loss was capped at the $50 entry fee, same as everyone else.
Inactivity penalty: a player who never places a single trade — but would otherwise land in a paying rank on ROI alone — is scored as −20% and re-ranked below every active trader who finished better than −20%. You cannot sit on your hands and win a prize; the payout curve is for traders, not squatters.

See also

Competition lifecycle

Join, activation, live trading, settlement, and claiming your payout.

Fees

The 8% platform fee, simulated trading fees, and $SPEC discounts.