As seen at the other tournaments, one stage (game) usually takes 35-40 days to complete at this speed. So you can do the math how much will 8 stages take.
If you want a lot of players to join the tournament, keep this speed as obviously many people just can't find the time to login more often to play their moves. But in this case, you will probably need to change the playing system as you will only have one season per year.
If you want faster pace (fast async), you will lose many players, but people that play faster will not have to wait for a month before they start their next game.
All ends up on how you originally imagined this tournament to go. I'm personally for faster pace, but I'm not sure that this is the case with majority of the players.
*** If you wanna review the playing system for the next season, I'm happy to help if you need any 🙂