IGG is celebrating the launch of the Tales of Fantasy closed beta test with the announcement of a new guild event called "Crouching Tiger, Hidden Dragon." The event, which begins today and will conclude on May 14th, seeks to identify the game's top 10 guilds and reward them with both riches and neat new titles such as Golden Tiger, Little Jaguar, Royal Kirin, Savage Leo or Flying Pegasus.

Reward details below:

Rewards
Champion (Ranks 1st, 2nd, 3rd): 1000 Gold
First Runner-Up (Ranks 4th, 5th, 6th): 800 Gold
Second Runner-Up (Ranks 7th, 8th, 9th, 10th): 600 Gold

Title Rewards
The titles up for grabs are Golden Tiger, Lithe Jaguar, Royal Kirin, Savage Leo and Flying Pegasus.
The first 10 guilds are eligible for these titles - simply submit a screenshot of at least half the guild's members riding on one particular mount to lukew@igg.com . Once verified, the title will be conferred on the guild. (eg: should a guild with 50 members wish to receive the title of Savage Leo, the guild master will need to submit a screenshot of at least 25 guild members riding on any of the available lion mounts to receive the title.)

For additional details, including rules and other information, go here.