SportX.bet has functionality for creating and hosting betting tournaments. These are unique promotions that reward users with prizes if they beat other users in different contests. Tournament can either be scored based on Net Return (total gross winnings) or Profit (net profit) over a customizable time period. They are highly customizable, and can be configured to only count bets on a certain sport, cryptocurrency, etc. These tournaments are currently financed by the founding team but can also be financed by the community treasury as a fun marketing promotion to spur adoption and liquidity.