Prizes
Overview
Section titled “Overview”Participating in Synnax Datathon 1 promises to be as rewarding as it will be engaging. Prizes will be awarded for:
- Participation (everyone)
- USD 5,000 cash prize for the first place, share of USD 3,750 for placing 2nd–5th
- Performance prizes in Synnax Points (top 50)
- Engagement prizes in Synnax Points (everyone)
Participants will be evaluated and rewarded with cash prizes and Synnax Points, which not only track your achievements but also qualify you for any future token airdrops by Synnax. The more points you accumulate now, the greater the potential rewards in future airdrops.
Participation Rewards
Section titled “Participation Rewards”- Verifying your account with an email address: 500 pts
- Make your first submission and join the leaderboard: 750 pts
- Updating your account with an ETH wallet address: 250 pts
Performance Rewards
Section titled “Performance Rewards”1st place - USD 5,000 + 50,000 pts
2nd place - USD 2,000 + 45,450 pts
3rd place - USD 1,000 + 41,320 pts
4th place - USD 500 + 37,560 pts
5th place - USD 250 + 34,150 pts
| Place | Points | Place | Points | Place | Points |
|---|---|---|---|---|---|
| 6th place | 31,050 pts | 22nd place | 6,750 pts | 38th place | 1,460 pts |
| 7th place | 28,230 pts | 23rd place | 6,140 pts | 39th place | 1,330 pts |
| 8th place | 25,660 pts | 24th place | 5,580 pts | 40th place | 1,210 pts |
| 9th place | 23,330 pts | 25th place | 5,070 pts | 41st place | 1,100 pts |
| 10th place | 21,210 pts | 26th place | 4,610 pts | 42nd place | 1,000 pts |
| 11th place | 19,280 pts | 27th place | 4,190 pts | 43rd place | 910 pts |
| 12th place | 17,530 pts | 28th place | 3,810 pts | 44th place | 830 pts |
| 13th place | 15,940 pts | 29th place | 3,460 pts | 45th place | 750 pts |
| 14th place | 14,490 pts | 30th place | 3,150 pts | 46th place | 680 pts |
| 15th place | 13,170 pts | 31st place | 2,860 pts | 47th place | 620 pts |
| 16th place | 11,970 pts | 32nd place | 2,600 pts | 48th place | 560 pts |
| 17th place | 10,880 pts | 33rd place | 2,360 pts | 49th place | 510 pts |
| 18th place | 9,890 pts | 34th place | 2,150 pts | 50th place | 500 pts |
| 19th place | 8,990 pts | 35th place | 1,950 pts | ||
| 20th place | 8,170 pts | 36th place | 1,770 pts | ||
| 21st place | 7,430 pts | 37th place | 1,610 pts |
Community Engagement Rewards
Section titled “Community Engagement Rewards”- One-off reward for the first submission above 0.85 threshold: 1000 pts
- One-off reward for the first submission above 0.90 threshold: 2000 pts
- Submit a prediction that improves your highest R2 score by:
- 0.02 for R2 improvement in the range 0.8–0.9: 500 pts
- 0.01 for R2 improvement in range 0.9–1.0: 500 pts
- Inviting a friend to join the competition (friend must register, verify and submit a prediction with a min 0.5 R2 score): 250 pts (per friend)
- Register through somebody’s referral link (invitation from another participant): 125 pts (after you make a submission with a score of 0.5 or higher)
- Follow Synnax in Socials (up to 500 pts, details in Telegram bot menu)