It's hosted by the app "Moego", apparently it involves anime girls and "Stock prices"; this event must be one of its advertisements.
But enough of that, let's go to the tournament format.
LINK TO THE CONTEST HERE (Simplified Chinese): https://www.moego.net/h5/moe2020/jp?activity=mengzhan
You NEED to download the app in order to participate.
This tournament holds both male and female division tournaments. Each matchday starts at 00:00 Beijing time (GMT+8) and ends at 23:00 the same day. There will be a transition period between each matchday (which is probably why the site doesn't load properly in my pc).
Tournament format and schedule:
- July 31 - August 7 - Nomination stage...?
(Machine translation:) "If you need to supplement the participating roles, you can post in the topic #萌股2019-2020年最萌票选日番区号nominations to provide information about the roles and works. The list of roles will be supplemented after the official review."
- August 8 - 23 - Qualifying rounds
All contestants are split into 16 groups. Top 5 contestants of each group will advance to the next stage (80 total), and the rest will be relegated into the repechage rounds.
- August 24 - 25 - Repechage rounds
Relegated contestants are split into 2 groups (one per day). Only the top 10 of each group will survive, and the rest are ELIMINATED.
August 27 - 28: Break
- August 28 - September 1 - Round of 100 Groups
Contestants are split into 10 groups of 10. Voting format to be determined. Top 5 of each group will advance, and the rest will GO HOME. This stage will hold 2 groups per day.
- September 2 - 6 - Round of 50 Groups
10 groups of 5; Top 2 advance per group, the rest are OUT. Voting format TBD. This stage will also hold 2 groups per day.
- September 7 - 8 - Round of 20 Groups
4 groups of 5; Top 2 advance per group, the rest are OUT. Voting format TBD. This stage will also hold 2 groups per day.
KNOCKOUT STAGE: Good old single-elimination tournament
- September 9 - 10 - Quarter-finals
- September 11: Break
- September 12 - Semi-finals
- September 13 - Final match