DODGEMS — INCENTIVISED TRADING GAME

trading
from 15 Jun 2021 to 21 Jun 2021
Active
Event Info
On Tuesday 15 June at 10AM UTC, a new incentive will begin on Vega Fairground. The Dodgems market will track the price of a real, but secret, market and will be open for trading for 6 days. The top 25 traders who have the highest balances at the end of the 6 days will be awarded Vega tokens. The Dodgems trading game is designed to create realistic trading in a testnet environment. By competing in a lifelike market for a share of the VEGA incentives, you’ll learn about Vega and find out first hand what it’s like to trade on Vega markets. The project will also benefit from all the data created, metrics collected, and feedback received, which will help develop and improve the protocol. If we’re really lucky and something goes wrong we might even find and fix some bugs!

HOW DOES IT WORK?

You need to sign up to Fairground incentives by tweeting to the Fairground Twitter account @VegaFairground before 9am UTC Tuesday 15 June. Instructions on how to do this are here. Once signed up you will see your Twitter handle on the leaderboard, this is the confirmation that you have successfully registered. At 10am UTC Tuesday 15 June, 10,000 XYZ ALPHA assets will be deposited into your Vega wallet on Fairground. You now have until 9am UTC Monday 21 June to trade your XYZ ALPHA assets on the Dodgems market. The idea is to increase your assets more than any other trader and get to the top of the leaderboard. You can trade using Vega Console or using APIs. Before the end of the market, you will need to settle all your positions, as open positions won't count towards your total. You'll need to have placed at least one trade to qualify.

MARKET DETAILS

The Dodgems market is based on a real market, the identity of which is being kept hidden. Dodgems market details will be visible though Vega Console and APIs. All announcements for this market will be made via the Fairground Twitter account @VegaFairground so make sure you follow to stay up to date.

INCENTIVES

1st place 1000 VEGA
2nd place 800 VEGA
3rd place 600 VEGA
4th place 400 VEGA
5th place 200 VEGA
6th - 25th 200 VEGA each

TOP 25 ANNOUNCEMENT AND INCENTIVE DISTRIBUTION

The top 25 traders will be announced on the Fairground Twitter account @VegaFairground following the close of the market.

HOW TO ENTER THE COMPETITION

To register you will need to tweet a message with a signature from your Vega Wallet. (If you haven’t already, you can either create a hosted wallet or download a local wallet by following these instructions). Once you have tweeted, your Twitter handle will appear on the leaderboards. Read the full instructions for how to enter on the registration page.

RULES

Cheating is encouraged, tell us how you cheated and we may give you a tip. But we expect you to have increased the amount of XYZ ALPHA that you have by trading on the Dodgems market, if you have increased your assets in a way other than trading on the Dodgems market then it may not count. In the event of unforeseen issues and/or a network crash (or essential reset) we will either restart the event, or track the winners based on the leaderboard at the time. Only registered participants who have made at least one trade will be eligible to win.