# Trading Competitions

Helix periodically hosts trading competitions, offering traders the chance to win prizes based on their performance or participation. Competitions may focus on **PNL**, **trading volume**, or a combination of both over a specified duration.

### Competition Types

1. **Performance-Based Competitions**\
   Prizes are awarded to traders with the highest PNL or trading volume during the competition period.
2. **Random Draw Competitions**\
   Winners are chosen at random, with entries based on PNL or trading volume.
   * Example: Earn 1 entry for every $10 of trading volume. The more entries accrued, the higher the chance of winning.
3. **Hybrid Competitions**\
   Combine both formats, awarding prizes to top performers and random participants.

### How Trading Competitions Work

* **Tracking Progress**: Participants can view their PNL, trading volume, and accrued entries on the [Trading Competitions](https://helixapp.com/leaderboard/competition) page. Data is updated hourly and does not refresh in real time.
* **Competition Period**: Each competition has clearly defined start and end dates.
* **Winner Notifications**: At the end of the competition, winners will be notified via a popup if their connected wallet is selected. The popup will provide details on how to verify identity and claim the prize.
* **Terms and Conditions**: Every competition is governed by specific rules, available on the competition page.