I am just spit balling here but I had an idea for an independent Premier X Wing Event that would pit the best of the best against each other. So what I came up with is the Challenge Coin Challenge (needs a new name). The premise is in order to participate in the tournament your fee is a Store Championship Challenge Coin, plus maybe a $10 fee. The format is each player must bring 1 list from each faction. 6 rounds of swiss. You are only allowed to play each list twice. Setup is similar to the hangar bay where you see each squad of your opponents and pick one of your remaining squads that you can pick from. Then each player reveals their squad and play a normal 75 min. match. At the end of 6 rounds of swiss the top cut (8) can then choose 1 of their three squads to use for the remainder of the single elimination rounds.
Players that make the top cut get their challenge coin back. Then the the Top 4 players receive 2 challenge coins. Then then the top 2 receive 3 challenge coins, with the champion netting the remaining challenge coins. ( Challenge coin distribution may vary depending on participating players)
I know this excludes a lot of players but this format is designed to showcase the best of the best.