It would do good for players to earn easy gold fast and also rewards at the end of each one could be Equipment
So your suggestion is nothing more than the beginning of an idea. Tell us what type of tournament. How will it be run? Is it PVP? PVE? A mix? Who can participate in it? How are rewards done with it? How long do they last? What do you need in order to participate in it? Do you need to cast a spell or just use a certain item? Next time elaborate your ideas or else you are just going to get a bunch of people saying "no support" or "needs more effort" (which it really does need more effort)