Trading Competition
League of Loaf is a simulated trading competition on Loaf testnet. Compete across five rounds, each built around a new physical asset, for a share of a 50,000 USDC prize pool. Trading uses mock assets and test funds, so no real capital is at risk. The prizes are real.
Timeline
The competition runs across five rounds, each introducing a new physical asset to trade. Rounds are announced individually rather than on a fixed calendar, so exact dates and assets are confirmed as each round opens.
- Round 1: 2am UTC, 13th August 2026.
- Round 2: 2am UTC, 7th September 2026.
- Rounds 3–5: announced individually as the competition progresses.
- Between rounds: vacated seats are filled from the queue, and the seat count increases each round.
Follow @loafmarkets for more live announcements.
Round 1: Volumemaxxing
| Field | Value(s) |
|---|---|
| Featured asset | Terafab |
| Seats | 500 |
| Prizes | 1st: 2,000 USDC, 2nd: 1,200 USDC, 3rd: 800 USDC |
| Fees | Maker 0% / Taker 0.1% |
| Round length | 5 days |
| Starting capital | 100,000 mock USDC |
| Begins | Thursday 13 August 2026, 2am UTC (12pm AEST) |
| Ends | Tuesday 18 August 2026, 2am UTC (12pm AEST) |
Round 1 runs for 5 days. Every admitted trader starts with 100,000 USD of mock capital. Points are driven by traded volume, boosted by the volume multiplier tiers below. Trade more, score more. Points accrue on any listed asset; Terafab is the round’s new arena asset. The bottom 30% of the board at round end go back to the end of the queue.
Volume multiplier tiers
| Min volume (mock USDC) | Multiplier |
|---|---|
| 0 | 1× |
| 5,000,000 | 2× |
| 10,000,000 | 3× |
| 20,000,000 | 4× |
| 30,000,000 | 5× |
Round 2: Trade the News
| Field | Value(s) |
|---|---|
| Featured asset | Ras Tanura (RAS) |
| Seats | 5,000 |
| Prizes | 5,000 USDC. See Prize split below. |
| Fees | Maker 0.05% / Taker 0.1% |
| Round length | 14 days |
| Starting capital | 100,000 mock USDC |
| Begins | Monday 7 September 2026, 2am UTC (12pm AEST) |
| Ends | Monday 21 September 2026, 2am UTC (12pm AEST) |
Round 2 runs for 14 days. Every admitted trader starts with 100,000 USD of mock capital. Points are driven by profit with a volume bonus. Real news moves these markets in real time, play the market, or the market plays you. Ras Tanura is the round arena asset, with Terafab carried over from Round 1. The bottom 30% of the board at round end go back to the end of the queue.
Scoring
Points = Profit (USDC) + √(volume)
Profit is the main term. Volume adds a smaller bonus via its square root.
Prize split
| Places | Split |
|---|---|
| 1st | 1,000 USDC |
| 2nd | 700 USDC |
| 3rd | 300 USDC |
| 4–20 | 100 USDC each (1,700 USDC) |
| 21–100 | 10 USDC each (800 USDC) |
| 101–200 | 5 USDC each (500 USDC) |
| Total | 5,000 USDC |
Eligibility
- 5,000 competition seats.
- Round 1 participants return, except the 30% demoted.
- Also excluded: Round 1 users who did not trade.
- Demoted users can still refer themselves back in.
- Referrals can move a user up the queue.
- Connect X to refer.
Prizes
The total prize pool is 50,000 USDC, distributed across the five rounds. Prize placements and scoring are confirmed with each round announcement. Confirmed round pools are listed below; later rounds are announced with that round. Winners nominate a payout destination after the round ends via the Competition API / app.
Pool allocation across rounds (50,000 USDC total):
| Round | Prize pool |
|---|---|
| Round 1 | 6,000 USDC |
| Round 2 | 5,000 USDC |
| Rounds 3–5 | Announced with each round |
The Round 2 placement split is in the Round 2 section above.
Rules & Guidelines
The competition is tracked on the competition leaderboard , which displays a round’s payouts and ranks players by their round score. How the round works is on the League page . Standings are live during a round and frozen once it ends.
Each round uses a different challenge, such as PnL, volume, or another winner model. Scoring for the current round is in that round’s section above.
Mechanics, point values, and prize splits may change during a round. Changes are announced at least 24 hours before they take effect.
Seat mechanics:
- Simulated only: all trading uses mock assets and test funds, so no real capital is at risk.
- Seats are limited each round and filled from the queue, with the seat count increasing each round.
- Bottom 30% of each round lose their seat and return to the back of the queue.
- Referrals: up to five can be used to move up the queue.
Getting a seat
The queue is open now.
- Join the queue
- Follow @loafmarkets for live announcements.
Competition Terms
Important Notice: The League of Loaf is a simulated trading competition. All trades are executed using mock assets and test funds only. No real money, crypto or digital property assets are bought, sold or held. Leaderboard results and PnL are simulated and do not represent actual investment returns. This is not an offer or solicitation and is not financial advice. Prizes, where offered, are subject to separate terms and conditions.
- Participation may be unavailable or restricted in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements. Players are responsible for informing themselves about and observing any restrictions and/or requirements that apply to them.
- Loaf reserves the right to change, modify, or impose additional restrictions on access to and use of the competition and the Loaf app in its sole discretion, at any time and without notification.
- Winning players have 30 days from the conclusion of a round to nominate a valid payout destination via the Competition API / app. If a winner fails to do so within this window, the prize will be forfeited.
- Loaf reserves the right to disqualify trades or players for any reason, including but not limited to fraudulent behavior, wash trading, volume faking, multi-account (farming) operation, self-transaction, and market manipulation.
- If players are detected engaging in matched trading activity by our risk-detection systems, all associated accounts will be disqualified from the competition.
- Loaf reserves the right, at any time and in its sole and absolute discretion, to amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending the competition, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all players shall be bound by these amendments.
- Loaf shall not be liable for any losses or damages players may incur as a result of their participation in the competition and/or use of the services.