Hi there!

As you all know, the trader’s championship is right around the corner. It is exciting as it is, but what if we told you, that we would use this tournament opportunity to streamline our upcoming Genesis Markets project?

Here is some context for our fellow investors: there are four week-long rounds in the Championship. The first and third rounds will specialise on traditional derivatives and trading instruments (Forex, commodities, etc.) and will be carried out on Just2Trade trading servers. However, the following rounds will alternate. Rounds will have a rotation, the first being Forex, second crypto, then again Forex round, followed by crypto. You get the jist!

How is that possible?

The answer is that we will use our brand new proprietary MetaTrader terminal, which is a part of Genesis Markets broker. We hope that you will be delighted to learn, that 2 out of 4 rounds will be primarily crypto-based, and that they will include all of the crypto assets, currently listed on Binance exchange. Needless to say, that the quotes will mirror Binance as well.

These crypto rounds will be carried out on Genesis Markets MT5 server, which will have a bridge and all of the orders will be transferred onto Binance servers, once Genesis Markets is launched. For the duration of the Championship, the orders won’t be placed for obvious demo reasons, but the quotes and spreads will be taken directly from Binance.

What does all of this actually mean?

First off we just wanted to notify you about the upcoming changes of how the Championship will be concluded.

The first and third rounds will have a leverage of 1:100 and will have all the assets available on Just2Trade trading servers. Second and fourth rounds will be a crypto fiesta and won’t have leverage.

Considering the unforeseen changes, proper adjustments have been made to the prize distribution accordingly.

Since there will be two Forex and two Crypto rounds, we thought it would only be fair to divide 12 winners into two groups, 6 winners of each. These changes only relate to the amount of withdrawable GVT, and will be set as follows:

1st place — 100 GVT

2nd place — 60 GVT

3rd place — 40 GVT

4th place — 25 GVT

5th place — 15 GVT

6th place — 10 GVT

Our previous article was also retroactively upgraded.

But the bigger picture is, that we are again taking steps one step closer to the launch of Genesis Markets. The Championship will help the team to iron out all of the kinks and prepare for the full-fledged release.

The abundance and vast array of trading assets and small spreads on Binance are sure to please even the fussiest of traders. Furthermore, trading experience during the crypto rounds should be a helpful indicator of what is coming up.

We hope that you all enjoy the Championship as much as we enjoyed preparing it for you.

Goodbye for now!