Festival takes 3 weeks.
1st week is for Guilds Sign Up
2nd week is Battle Week, this is where things happen, you kill certain monsters from the given list to obtain 入魂 nyuukon (soul points) so you must kill/cap/either/deliver/ whatever they ask for in the list
3rd week is Rewards Week.
First of all, you go ahead and have the leader of the guild sign you up for Festival on sign up week, your guild will be randomly assigned to a team, either red or blue and of course they are evened out. While its on sign up week, you can only view the monsters or items that need to be killed/capped/delivered on the battle week.
this is the main menu when you speak to the Festival NPC
1st opt is monster list
5th is FAQs
6th is sign up your guild

I'll add more to it later
Battle Week, again, this is when you collect soul points by doing what I said above. It is best if you get a lotttttttttttttt of points as a guild to get to top 100 guilds with the most points.
here is a ss of the monster list.

Top 100 guilds (winners or losers) get more rewards because of the effort, how do you know if you made it to top 100? I can't tell you for Kr, cos I don't play it and on Jp, there is a website. Anyways! there is also secret quests that give extra Soul Points, it could be something like HR51 blos(50 points) HR31 babakonga(20 points if killed 5 extra if capped) It's always different, and those secret quests only appear for the current losers. The score is updated every day on battle week at mid day Japan time.
Ok! The second week is over, now it's reward week. This week is when you find out if your team (red or blue) won. You can check the score at the festival booth in game. If you are on the winners team, you will get a Winner Crown, 20 purple tickets and points to exchange for items at the festival booth. Losers will only get 20 tickets, a Hypnoc wang and less points to exchange at the booth.
Top100 winners or losers will get double the rewards iirc, It's been a while since we got top 100 winners or losers due to guild inactivity annnnddddd its more competitive now. Back in the days it used to take 10000 for 1 guild to make it to top 100 winners, now it probably takes 30000+ to make it to the bottom of top 100s.
The purple tickets are to access winners' quests, or make Festival weapons(short/long/random) To upgrade these weapons you need Pink tickets! These tickets can be obtained from the Winners quests.
You need 20 purples to make 1 weapon and 30-40 pinks to max each weapon.
To enter winners' quests, you used to need to wear the crown, I don't know if you do in Kr, but in Jp, you don't anymore.
here is a SS I made from our guild's latest success lol that was 6+ weeks ago, very little activity.

Here are some useful links
a message board for several topics, including the discussion of bonus quests and or tactics
http://c.2ch.net/test/-/ogame2/i
and a chart related to bonus quests... times, intervals, etc tec
http://wiki.crap.jp/...x.php?FrontPage

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