🏆Arena: Guide & Rewards
Welcome to the MegaBanX Arena, a high-stakes, real-time trading competition where your skills on the perpetual exchange determine your rank and rewards.
🕹️ User Flow: How to Participate
1. Join an Arena
Browse: Find an available arena in the Pending state.
Entry Fee: Pay the required entry fee (in ETH) to register. Your fee goes directly into the Prize Pool.
Requirement: Each arena has a
Min Playersrequirement. If not met, the arena will be cancelled and your fee refunded.
2. The Competition (Active State)
Automatic Start: Once the minimum players are met and the countdown hits zero, the arena becomes Active.
Trading: Trade any supported perpetual markets (ETH, BTC, BNB, etc.) on the MegaBanx platform.
ROI Ranking: Your rank is determined by your Total ROI % across all open positions.
Live Updates: Your "Altitude" in the arena visualization reflects your PnL performance in real-time.
3. Claiming Rewards (Finished State)
Settlement: When the duration ends, the arena is finalized.
Winners: Users with a Positive PnL at the end are eligible for the prize pool.
Claim: Go to the Arena page and click Claim Reward. Your ETH winnings and Bonus Tokens will be sent to your wallet.
📊 PnL & Ranking Logic
To ensure fairness, we use Total ROI (Return on Investment) as the primary ranking metric.
How ROI is Calculated:
Total Net PnL: The sum of unrealized profit/loss across all your open positions.
Total Collateral: The sum of all capital you've provided as margin/backing for those positions.
Multi-Market: Whether you trade ETH, BTC, or BNB, the system automatically fetches real-time prices to calculate your total performance.
🛡️ Fairness: Anti-Dust Gaming
To prevent users from manipulating the leaderboard with tiny "dust" amounts (e.g., trading $1 to get a high % ROI), a Minimum Collateral Threshold is enforced:
You must have at least $50 in total collateral for your ROI to be ranked.
If your total collateral is below $50, your ROI will be treated as 0% for ranking purposes.
💰 Resource Distribution
The Prize Pool consists of all ETH entry fees plus any Bonus Tokens added by the Arena creator.
ETH Prize Pool Split
The distribution depends on how many players finished with a positive profit:
3 or more
50%
30%
20%
Only 2
62.5%
37.5%
-
Only 1
100%
-
-
Note: If no one finishes in profit, everyone receives a full refund of their entry fee.
Bonus Tokens
The Top 1 Winner (highest ROI) takes the entire Bonus Token pool allocated to that arena.
⚠️ Arena Cancellation & Refunds
An arena can be cancelled if:
The
Min Playerscount is not reached.An admin/keeper cancels the match for technical reasons. In all cancellation cases, your entry fee is 100% refundable via the "Claim" button.
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