1. Definitions
For the purposes of these Terms, the following terms shall have the meanings set forth below. Definitions apply in both singular and plural form unless the context requires otherwise.
1.1. "Organizer" means EMPOWER ACADEMY LIMITED, the entity responsible for conducting and administering the Online Tournament.
1.2. "Participant", "User", or "You" means any natural person who meets the eligibility criteria described in Section 2, voluntarily registers for or participates in the Online Tournament through the Platform, and agrees to be bound by these Terms.
1.3. "Online Tournament" means the online qualification stage of WSCT 2026, conducted from 3 November to 25 November 2026, during which Participants execute simulated trades using Tournament Accounts provided through the Platform.
1.4. "WSCT 2026" means World Series of Crypto Trading 2026, the competition comprising the Online Tournament and a separately organized in-person Final.
1.5. "Platform" means the suite of online tools, resources, and services offered by the Organizer through its website at https://www.hashhedge.com/. The Platform enables users to participate in Challenges, manage their accounts, utilize analytics and reporting tools, and access the Online Tournament.
1.6. "Prop Trading" or "Proprietary Trading" means, for the purposes of these Terms, the trading activities conducted within the Online Tournament, as further described in Section 3. Such activities do not involve real trading capital, brokerage services, regulated investment activities, or the execution of real financial instruments.
1.7. "Demo Trading" means trading performed in a simulated environment using virtual funds, without actual financial market execution or the use of real trading capital.
1.8. "Simulated Funds" means non-monetary, non-redeemable virtual credits assigned to Tournament Accounts solely for simulation purposes. Simulated Funds have no real monetary value and cannot be withdrawn, exchanged, transferred, or redeemed.
1.9. "Tournament Account" means a simulated trading account allocated to a Participant exclusively for participation in the Online Tournament, either as the initial free account or as a complimentary promotional bonus in accordance with these Terms.
1.10. "Challenge" means a separate trading evaluation product available through the Platform and governed by the applicable Platform Terms and Conditions, Commercial Terms, and Refund Policy.
1.11. "Active Tournament Account" means the Tournament Account currently available to a Participant for Demo Trading. All other allocated Tournament Accounts remain inactive until activated in accordance with Section 4.
1.12. "Failed Tournament Account" means a Tournament Account that has failed due to a breach of applicable drawdown limits or other account-failure conditions established by the Platform's applicable trading rules.
1.13. "Leaderboard" means the ranking of Participants based on their eligible simulated trading performance within the Online Tournament.
1.14. "Total PnL" means total simulated profit or loss, including both realized and unrealized results, calculated in accordance with the applicable Platform trading and valuation rules.
1.15. "Online Qualifier" means one of the three highest-ranked eligible Participants whose qualification for the Final has been confirmed by the Organizer following verification of the Online Tournament results.
1.16. "Misconduct" means any conduct that attempts to manipulate the simulated trading environment, exploit Platform errors, circumvent trading restrictions, use prohibited tools, interfere with other Participants, or otherwise compromise the fairness and integrity of the Online Tournament.