The competition runs from August 31, 2026, 12PM UTC to September 14, 2026, 12PM UTC. Participants must register and achieve a minimum trading volume of $5,000 in NIULAIUSDT perpetuals to qualify for the leaderboard. The top 200 traders will share the prize pool, which grows with total trading volume, with the top trader potentially winning up to $10,000. NIULAI is described as a community meme token for a Chinese animated film that gained viral popularity in 2026.