**If there is an entry fee for the contest, you will be prompted to submit it when you create your contest entry. In this case, you will first have to fund your TradeChamps wallet, from which you'll pay those fees. TradeChamps accepts Bitcoin and various cryptocurrencies for funding your wallet.

A few things to keep in mind:

• You can choose a Long or Short position for any asset.
• You do NOT have to spend all of your cash. In fact, you don't have to spend any!
• When NASDAQ and NYSE markets are closed, only cryptocurrencies are available for selection.
• TradeChamps makes only certain assets available for selection, based primarily on quality and reasonable volume.
• You can browse the available assets for a contest by visiting the "Assets" tab on the contest's details page.

Once the contest is underway, we take a snapshot of the market open price for all stocks. For cryptocurrencies, we snapshot the top of order book price at the market open time. This is the buy price (i.e. cost-basis) against which your gains and losses are calculated.

Note that all players are ranked based on the percentage returns of their portfolios. The top three (3)* performing portfolios when the contest ends** win a prize.

*In certain promotional contests, only a single top prize may be available.
**On market days, the contest ends at the typical market close (4:00PM ET). On non-market days, contests end at this same time for consistency.

Additional details on what happens after a contest ends:

1. Official results are posted later in the day, based on a snapshot of market close prices. On NASDAQ/NYSE market-days, this is generally shortly after 8:30PM ET. On non-market days, this usually occurs within about 10 minutes after the contest ends (i.e. 4:10PM ET).
2. Once official results are posted, prizes are awarded to winners. The winners are updated on the TradeChamps website and all players are notified.
3. 7 days after contest finalization, awarded prize amounts are credited to the winners' TradeChamps wallets and available for withdrawal or to pay entry fees for upcoming contests.

This schedule allows TradeChamps to verify and audit results before awarding prizes.