This is a Regional Event. This means that it is infinitely-repeatable. Progress depends on successful completion of each step. All players in the region may participate and all contribute to task completion. If time expires without completion then it goes directly to the final or cooldown task before the event begins again. Rewards are given at the end of each phase dependent on participation.
Summary
Get information and secure positions
Every interaction with the pirates of the different factions could produce useful information, and affect the position of the individual factions.
Just a word: Originally, any Public Quests contribution of Public Event Points you handed in during the "reset timer" would be lost into the void. At some point, they snuck in an update to prevent this. Now, if the reset timer is active, a message saying "MAINTAIN THE STATUS QUO" will be seen and the NPC will refuse to accept the turn-in until the Event restarts.
Ever more adventurers and pirates come to Gerador to take Kidd's test. Gradually the truth about Kidd's treasure is becoming clear. Through their actions every single person has the chance to decide whether it will be their faction which finds the treasure in the end.
Battle of the Factions - To get the treasure, the different pirate factions are trying to spy on one another to gather the necessary information and get the best sources of materials. They need to make sure their faction is the one best informed.
Closing in on the treasure's secret - In terms of the clues we've gathered and the actions we've taken, we're a step ahead of the rest. Now we need to make sure we keep our lead by organizing the information and planning our next moves carefully.
Reset Timer: 2 minutes
Warning! Any Public Event Points you earn during this phase do not give you anything!
Stub
We have no clue what happens in the middle as you need a full zone of players to do this.
Public Event Points) by completing Public Quests in Salioca Basin