It's a 1-hour competition with 3 traditional (but nice) algorithmic tasks. You will receive points for every test case your solution passes, so you can get some points with partial solutions as well. Check the contest page for more details about contest schedule and rules.
The problems have been prepared by me and FarFromRed, helped by anil_9717 and tested by Arpa. There are prizes for top 3 contestants: $75, $50 and $25 Amazon gift cards respectively. In addition, the top 5 will win HackerEarth t-shirts.
Good Luck and High Ratings!
Upd: Round begins in less that 22 hours!
Upd2: Round has begun. All the best!
Upd3: Round has ended. It was very exciting to watch the leaderboard towards the end with 4 people securing perfect score of 300 at 58th minute :)
Congratulations to all the winners!