FAQ

So every entry starts from the same place. A wallet with history could be carrying tokens bought long ago, and there would be no clean way to tell today's trading apart from last month's.

We check that the wallet has no transactions and no balance when you register. From that point on, everything in it happened during the round.

Your competition wallet has to be empty, so it cannot be the wallet holding the coin. The holder wallet proves you hold at least $25 of the coin; the fresh wallet is the one that trades and appears on the leaderboard.

Only the holder wallet is connected, and it signs a message, which costs nothing and creates no transaction. For the competition wallet you just paste the address.

No. You need the $25 at the snapshot taken when registration opens. Once you are in, you can sell and stay in the round.

That's allowed. $1,000 is a ceiling, not a requirement. Rankings go by dollars made, so a smaller deposit usually makes the top three harder to reach.

No. One deposit, during the first hour. Anything arriving afterwards means disqualification, and so does sending funds out of the wallet. Swaps are the only moves allowed.

No. Anyone can send tokens to any address, so unsolicited airdrops and spam are ignored. They do not count towards your score and they do not disqualify you.

Your wallet's current value minus your opening deposit, in US dollars, refreshed every 5 minutes.

Coins you still hold are valued at what they would really sell for rather than the chart price, so an illiquid bag counts for close to nothing. At the end of the round only cash counts, so close your positions before the clock runs out.

Between the top three, in proportion to their profit. Profits of $5,000, $3,000 and $2,000 would split it 50%, 30% and 20%.

Only wallets in profit are paid, and if nobody ends up in profit the pot rolls into the next round.

After the round ends, the top three wallets are reviewed by hand and then the pot is sent on-chain. Every payout transaction is posted publicly.

Depositing more than $1,000, adding money mid-round, withdrawing, or manufacturing profit — moving value in through trades with your own wallets, or wash trading a token you control. Running many entries from one holder bag counts too.

Because only the top three are reviewed, a disqualification moves the next wallet up.

No. You hold $25 of the coin to qualify, and it stays yours. Nothing is paid to enter.

Rounds are announced rather than run to a fixed clock. When registration opens you can enter straight away, and the 24 hour clock starts when the round goes live. Follow @tryfirsttx to catch the next one.