G:loot cup new CS:GO event announced with interesting prizes!

Fragbite has announced the G:loot cup, an amateur tournament with a $40,000 prize pool that will pay out by rounds won.

According to Fragbite, this is how the tournament will run :

“All the teams that compete in the G:loot Cup, and win at least one round, gets a share of the total prize pool.

Throughout the eight qualifiers the participating teams will be rewarded €1 per round won until the RO2 where the payouts will be raised to €3. At the qualifier finals the payout will be raised to €5.

A whopping €25 per round won will be waiting for the teams that successfully qualify to the main tournament. This is continued all the way throughout the semifinals as the payout will finally be raised to an impressive 50€ per round won. Beyond the prize money from round winnings, the tournament also features a €1,000 extra that will be given out to the winners of the tournament.

Players of all nationalities are welcome to participate in the tournament, as long as they fulfill the requirements that are specified in the official tournament rules.

Attention! In order to win money you will need to be over 18 years of age. Players under 18 are still welcome to participate, even though they can’t receive any prize money. ”

The tournament, which will be played out online, will take place over a four-week period, in which two qualifiers and a final will be played. The winner of the weekly final will then go on to play the tournament finals on August 20