# Let's Go Saicho We're excited to announce **Sai's Trading Competition**, a one-month onchain trading competition, running from February 18 to March 19, 2026 designed to reward active traders on Sai. Whether you're a seasoned perpetuals trader or new to the platform, this competition offers something for everyone. **Competition Dates:** February 18 - March 19, 2026\ **Total Prize Pool:** $25,500 **Entry:** Automatic, just start trading on Sai! A prize pool of $25,500 will be split across two phases over the duration of the campaign. The competition is divided into two two-week segments: one phase rewards traders with the highest PNL, and the other rewards traders for building volume on the platform. This dual structure recognizes both skilled profitable trading and sustained participation. Both new and experienced traders are encouraged to compete, since every trade can contribute toward the volume phase while net profitable trading is recognized in the PNL phase. ## The Competition Structure Sai's competition features a dual-phase design that rewards two different trader profiles: those with exceptional trading skill, and those committed to building volume on the platform. ### Phase 2: Volume-Based (March 5 - March 19) **Reward Pool:** $5,500 | **Focus:** Volume-based rewards across three tracks | Prize | How to Win | | ------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | $4,000 | Shared among all traders who cross $50k in Phase 2 volume. The more volume you trade, the larger your share of this pool. All activity from Phase 1 counts toward Phase 2. | | $1,000 | Split evenly among the first 50 traders to reach $10k in Phase 2 volume. | | $500 | Awarded to the trader with the highest total volume in Phase 2. | Phase 2 is designed to reward participation and sustained trading activity. Unlike Phase 1, this phase is based on trading volume rather than profitability. Most of the rewards go to traders who build meaningful volume throughout the period, while a smaller portion rewards early momentum through the first-to-$10k pool. #### Phase 2 Eligibility Requirements * **Timeline:** March 5 - March 19, 2026 * **$10k milestone:** Reaching $10k in Phase 2 volume makes you eligible for the first-50 pool. * **$50k milestone:** Reaching $50k in Phase 2 volume makes you eligible for the $4,000 shared pool. * **Top-volume bonus:** The single highest-volume trader in Phase 2 earns the additional $500 prize. * **Profitability:** You do not need to be profitable to qualify for Phase 2 rewards. **Why this phase?** We want to encourage all trader types, from steady volume builders to high-frequency traders, to engage with Sai. The structure rewards meaningful participation over the full two weeks while still giving earlier active traders an extra way to earn. ### Phase 1: PNL Competition (Feb 18 - March 4) **Reward Pool:** $20,000 | **Winners:** Top 25 Traders by Profit Phase 1 rewards traders who demonstrate strong trading skill and strategy. Participants are ranked by **percentage profit-and-loss (ROI)**, which measures performance relative to starting capital, not absolute size. This means a 50% gain on a $500 account can outrank a 5% gain on a $50,000 account. Only closed positions count toward PNL (unrealized gains don't count until the trade is closed). #### Prize Distribution (Phase 1) | Rank | Prize | | ---------- | --------- | | Rank 1 | $6,250 | | Rank 2 | $3,125 | | Rank 3 | $1,250 | | Rank 4-10 | $625 each | | Rank 11-25 | $250 each | #### Phase 1 Eligibility Requirements To qualify for Phase 1 rewards: | Rank | Volume | Profit (PNL) | | ---------- | ------ | ------------ | | Rank 1-3 | $1M+ | $250 | | Rank 4-10 | $50K+ | $50 | | Rank 11-25 | $50K+ | None | * Values in the table represent **minimum thresholds**. * Volume requirement = **cumulative trading volume** throughout the competition. **Why evaluate percentage profit (a.k.a. ROI) for the competition?** This metric rewards trading skill and strategy over capital size. It encourages thoughtful risk management and disciplined decision-making, which is exactly what sustainable trading is built on. The use of percentage PNL means that the focus is on trading skill and strategy rather than sheer size of capital - a 50% gain on a small account (provided the small account achieves a minimum ROI of at least $100) ranks higher than a 5% gain on a large account. This phase encourages strategic trading, risk management, and profitable decision-making. ## What You Can Trade **Eligible Markets & Collateral:** All markets on Sai are eligible for both phases. Trade any direction you believe in: * **Go long or short** on any listed trading pair * **Use any supported collateral:** USDC, stNIBI, or other platform-supported assets * **All markets count:** Whether you're trading major pairs like BTC/USD and ETH/USD, or emerging assets, all volume and PNL contribute to competition standings ## How Leaderboards Work Both PNL and volume leaderboards update regularly (daily or in real-time on the platform dashboard) so you can track your standing throughout the competition. Check the **Leaderboard** tab in the Sai app to monitor your progress. The competition leaderboards (for both PNL and Volume) will be updated regularly (e.g., daily or in real-time on the platform's dashboard) so participants can track their standings. ## Rules & Integrity Sai's (Let's Go Saicho) competition will enforce rules against abusive practices and set minimum requirements for trades to qualify. To keep the competition fair and protect all participants, Sai enforces strict rules against abusive practices: ### What's Prohibited * **Sybil attacks:** One account per person. Multiple accounts by the same individual are strictly forbidden. Any form of sybil attack (using multiple accounts by the same person) is strictly prohibited. Only genuine, unique user accounts will be eligible for prizes. * **Wash trading:** Self-dealing and coordinated trades between accounts to inflate volume or PNL will result in immediate disqualification. No wash trading or fake volume generation is forbidden. Trades must reflect authentic market activity. Self-trades or coordinated trades between colluding accounts to inflate volume or PNL will result in immediate disqualification. * **Fake volume:** Trades must reflect authentic market activity. Coordinated volume inflation is prohibited. * **Malicious bots:** While algorithmic trading is permitted, bots that engage in prohibited tactics will have their trades voided. While algorithmic trading isn't outright banned, any malicious bot-driven manipulation of the competition is prohibited. Fair-use trading bots are allowed, but if they are detected to engage in the above forbidden tactics, those trades will be void. * **Rapid round-trip trades:** Extremely fast open-close cycles solely to game volume metrics are not allowed. ### What's Allowed * **Fair-use trading bots:** Algorithmic strategies are welcome, as long as they follow the spirit and letter of the rules. * **Genuine volume:** All authentic, non-collusive trading counts toward your standings. ### Minimum Position Holding Time For the volume phase (Phase 2), a minimum position holding time (e.g. at least 10-20 minutes) may be required for a trade to qualify. This discourages instantaneous round-trip trades purely to inflate volume. (No holding minimum is required in the PnL phase beyond what's needed to close a trade with profit/loss, but extremely rapid open-close cycles solely to game volume are not allowed.) ## Reward Distribution & Payouts Reward distribution is complete and final. * **Distribution Date:** March 27, 2026 * **Distribution Method:** Automatic direct transfer to eligible traders' connected wallets (no manual claim required) * **Integrity Filtering:** Some accounts were removed for obvious wash trading or intentionally gamed low-activity behavior (for example, ultra short, repetitive trades with unrealistically small P\&L changes) * **Onchain Transactions:** * [Phase 1 Rewards](https://safe.nibiru.fi/transactions/tx?safe=cataclysm-1:0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2\&id=multisig_0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2_0xdfb9bc786cb97bd4f358a07183f5c8ee711e2b358e18271b51438e1e855eb47d) * [Phase 2 Rewards](https://safe.nibiru.fi/transactions/tx?safe=cataclysm-1:0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2\&id=multisig_0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2_0xcc0108446ae59c6e96dbb51970ab6fda054c028db600288a4554ebc2830cfc3c) Important Note: If there are less qualified participants than prizes available, then all qualifying participants shall earn a prize, and Sai's team reserves the right to distribute the prizes to the next most qualified participants, or not at all, as it sees fit. Thus, if an insufficient number of qualified people participate, it is possible that the entirety of the planned prize pools are not distributed. For example, if only a small number of participants qualify, the full prize pool will not be distributed. Prizes are intended to reward competitive participation, not guaranteed regardless of turnout. ## Eligibility & Legal Requirements ### Who Can Participate? **How to Enter**: Any user of the Sai platform is automatically entered into the competition. **Participant Eligibility:** The competition is open to all traders who are at least **18 years of age** and not residents of restricted jurisdictions. **US residents and those in sanctioned regions are NOT eligible** to participate. By entering, participants confirm they are abiding by all local laws and the platform's terms of use. **Competition Duration**: The competition will start on 00:00 UTC and ends at 23:59 UTC on the dates prescribed. * Phase 1: February 18th to March 4th 2026 * Phase 2: March 5th to March 19th 2026 By entering the competition, you confirm that: * You are of legal age to participate * No jurisdiction with authority over you prohibits your participation * You understand and accept Sai's Terms of Use and Privacy Policy ### Risk Acknowledgment **Participation is at User's Own Risk**: Trading, especially perps trading, is inherently risky. Your participation in this competition is at your own risk. You disclaim and release any claims from any legal action taken by or upon you through your use of the Sai platform. Sai is not responsible in any way for loss of assets or value. If you are not experienced with similar trading platforms, you should not participate. Even experienced users may lose all of their cryptocurrency assets or value. You acknowledge that: * Sai is not responsible for loss of assets or value * You may lose your entire cryptocurrency holdings * If you're inexperienced with perpetuals trading, you should not participate * Even experienced traders can lose all assets ### Tax & Legal Responsibility **You Are Responsible for Your Own Legal and Tax Situation:** You understand, acknowledge, and agree that you are responsible for any tax or legal issues that result in your participation in the competition. In participating, you represent that no jurisdiction with authority prohibits your participation. You are solely responsible for: * Any tax implications resulting from competition participation and prizes * Compliance with local regulations in your jurisdiction * Understanding the legal implications of receiving competition prizes ### Terms of Use and Privacy Policy **Sai's Terms of Use and Privacy Policy Apply**: If you do not agree to Sai's Terms of Use and Privacy Policy, then you must not participate in the competition. Sections 21 to 25 of Sai's Terms of Use (INDEMNIFICATION, GOVERNING LAW & JURISDICTION, ARBITRATION; CLASS ARBITRATION WAIVER, LIMITATION ON TIME TO FILE CLAIMS, AND WAIVER & SEVERABILITY) specifically are incorporated by reference herein and apply to this competition. Sai's Terms of Use apply fully to this competition, including sections 21-25 (Indemnification, Governing Law & Jurisdiction, Arbitration, Class Arbitration Waiver, Limitation on Time to File Claims, and Waiver & Severability). ### Agreement Supersession **These Terms Supersede Promotional Statements:** These terms, along with the Sai Terms of Use and Privacy Policy, are the only agreement between us and you. Promotional statements by any party do not constitute an agreement. ## Sai's Authority **Sai is Sole Decision Maker**: Sai reserves the right to disqualify any participant for not following the spirit or the letter of the rules of this competition. Sai reserves the sole and absolute right to disqualify any participant that it deems ineligible for participation for any reason at its sole discretion. This includes, but is not limited to, violating these rules, the terms and conditions of Sai and any other conduct that Sai considers inappropriate or unacceptable. All decisions of Sai shall be final. **Integrity and Auditing**: Sai's team will closely monitor the competition. Any participant found engaging in prohibited behavior (sybil attacks, wash trading, etc.) will be immediately disqualified and forfeit any rewards. The organizers reserve the right to audit trading activity and adjust or remove suspicious entries to ensure fairness. This policy is essential to maintain a level playing field and uphold the integrity of the competition. Sai reserves the absolute right to: * Disqualify any participant for violating these rules or the spirit of fair competition * Audit trading activity and remove suspicious entries * Disqualify participants for any reason deemed appropriate at Sai's sole discretion * Adjust or void suspicious trades to maintain integrity All decisions made by Sai are final. ## Competition Timeline | Date | Event | | ------------------- | ------------------------------------- | | February 18th, 2026 | Phase 1 Begins (PNL Competition) | | March 4th, 2026 | Phase 1 Ends | | March 5th, 2026 | Phase 2 Begins (Volume-Based Rewards) | | March 19th, 2026 | Phase 2 Ends | ## How to Get Started 1. **Visit Sai:** Head to [app.sai.fun](https://app.sai.fun) 2. **Connect Your Wallet:** Link your Web3 wallet (MetaMask, Phantom, or similar) 3. **Deposit Collateral:** Fund your account with USDC, stNIBI, or supported assets 4. **Start Trading:** Open positions on any market and begin accumulating volume or PNL 5. **Monitor Progress:** Check the leaderboard dashboard to track your standing in real-time You're automatically entered once you make your first trade, so no separate registration needed. ## FAQ {% tabs %} {% tab title="Eligibility & Geography" %} **Can I participate from the United States?** No. US residents and those in sanctioned regions are not eligible to participate. Check our [eligibility section](#eligibility-and-legal-requirements) above for a full list of restrictions. **Can I participate with multiple accounts?** Absolutely not. One account per person. Multiple accounts by the same individual result in immediate disqualification and removal from all prize considerations. {% endtab %} {% tab title="Trading & Participation" %} **Do I need to be profitable to earn rewards in Phase 2?** No. Phase 2 rewards are based on trading volume, not profitability. You can lose money on trades and still qualify for rewards if you meet the volume thresholds. Phase 2 has three reward tracks: a $4,000 shared pool for traders who cross $50k in volume, a $1,000 pool split among the first 50 traders to reach $10k in volume, and a $500 bonus for the single highest-volume trader. Only the $10k pool is first come, first serve; most of Phase 2 rewards are based on total volume. Additionally, the volume must be from genuine trading activity, such as wash trading, self-dealing, or fake volume generation is strictly prohibited and will result in immediate disqualification. **Can I use a trading bot?** Yes, fair-use algorithmic trading is permitted. Bots are welcome as long as they don't engage in wash trading, sybil attacks, or other prohibited tactics. If your bot follows the rules, go ahead and automate your strategy. **Do all markets count toward my volume and PNL?** Yes. All markets on Sai are eligible for both phases. Trade BTC, ETH, emerging assets, and it all counts toward your standing. {% endtab %} {% tab title="Prizes & Payouts" %} **When were prizes distributed?** Payouts were distributed on **March 27, 2026** in two final transactions, one for each phase: * [Phase 1 Rewards](https://safe.nibiru.fi/transactions/tx?safe=cataclysm-1:0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2\&id=multisig_0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2_0xdfb9bc786cb97bd4f358a07183f5c8ee711e2b358e18271b51438e1e855eb47d) * [Phase 2 Rewards](https://safe.nibiru.fi/transactions/tx?safe=cataclysm-1:0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2\&id=multisig_0x22CBd7CbF3b33681abB3Ced4D64d71acB9a9dCd2_0xcc0108446ae59c6e96dbb51970ab6fda054c028db600288a4554ebc2830cfc3c) Rewards were sent directly to eligible traders' connected wallets, and no manual claim was required. **What if not all 50 early-volume slots in Phase 2 are filled?** Sai reserves the right to distribute remaining prizes to the next most qualified participants, or may choose not to distribute unused portions of the prize pool. **Can I earn from multiple Phase 2 tiers at once?** Yes. If you qualify for the early-volume pool and also cross the $50,000 volume threshold for the $4,000 shared pool, you earn from both. The top volume bonus also stacks on top of any other Phase 2 rewards. {% endtab %} {% tab title="Getting Started" %} **How do I enter the competition?** Just start trading! Visit [app.sai.fun](https://app.sai.fun), connect your wallet, deposit collateral, and make your first trade. You're automatically entered, so no separate registration needed. **What collateral can I use?** You can deposit USDC, stNIBI, or other platform-supported assets. Check the Sai app for the full list of supported collateral. **How do I track my progress?** Both PNL and volume leaderboards update regularly on the platform. Check the **Leaderboard** tab in the Sai app to monitor your standing in real-time throughout the competition. {% endtab %} {% endtabs %} ## Questions? For more details on Sai's trading mechanics, collateral options, and market listings, explore the [Sai documentation](https://docs.sai.fun/readme). Follow us for competition updates and real-time announcements: * **X / Twitter:** [@SaiDotFun](https://x.com/SaiDotFun) * **Telegram:** [Join our community](https://t.me/saidotfun) * **Discord:** [Join our server](https://discord.com/invite/saidotfun) * **TikTok:** [@SaiDotFun](https://www.tiktok.com/@saidotfun) * **Instagram:** [@SaiDotFun](https://instagram.com/saidotfun) *** **Ready to trade?** Head to [app.sai.fun](https://app.sai.fun)