> For the complete documentation index, see [llms.txt](https://docs.propfunding.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.propfunding.com/proparena/rules-and-fair-use.md).

# Rules & Fair Use

Encoded Trading Rules

* Rounds: 30 seconds, 60 seconds and 5 minutes
* Only a max of two trades can be placed at a time
* Payouts: Up to 80% in $PROP
* Instant settlement
* Fixed-round prediction model
* Only 50 $PROP can be risked per trade

Fair Use

* No bots or auto-clickers
* No latency exploits
* Abuse results in $PROP forfeiture
* Cross trading between multiple accounts is not allowed

### FAQs

**What is the Arena?**\
An in-house trading platform where traders earn and redeem $PROP for rewards between cohort entries.

**What can I redeem $PROP for?**\
Discounts, funded accounts, and guaranteed cohort spots.

**Does the Arena affect my evaluation challenge?**\
No. It’s separate and optional.

**Is $PROP a crypto token?**\
No. $PROP is an in-ecosystem reward currency, not a blockchain asset.\
\
**What docs do i need to activate my funded account?**\
We will require a proof of ID and proof of address