We got this new event called "Beast Showdown", The previous Clan Challenge Star Statue was turned into the new Event Statue which will be reused on future events. They did a reset on your statue's current level bringing it back to level 1 but they did do a refund of jades (mine was level 50 and I got 245 jade).
The event mechanics will pop up on your first log in on the event week. It explains pretty much everything.
Then if you joined the the previous event this will pop out right after.
(the screenshot used was in my other account)
It's up to you if you're going to protect the statue or just place it as a decor. I was invaded and my statue got destroyed, I was thinking it's going to deduct my current runes but it didn't.
I still recommend defending your Event Statue since a lot of players will be focused on destroying it.
Here is the prize list of this week's event:
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I'm thinking if there will be a next event and the statue will reset it's level again, will it give another refund? If it does then that would be a good reason to reach statue level 100.
Please do comment below your thoughts about this event.