In full meaning, it is called King's Cup Global Invitational (KCGI), sponsored by Bitget exchange.
I am not a Bitget user and I was not attracted enough to join.
The reason I do not join something like this is because I believe more in the money that I make from trading myself, instead of depending on what may never be mine.
This guy is soft shilling Bitget whenever there’s a chance in any thread here on trading discussions. He created same thread about this KCGI before
https://bitcointalk.org/index.php?topic=5464563.msg62747399#msg62747399 and you can notice on his post that he keeps mentioning Bitget.
Either he is an avid fan or shiller of Bitget here in the forum. This kind of tournament is not suitable for small trader because they always consider trading volume as main factor to win the tournament.