How do you calculate factors?
Let’s take a look at some examples of how we’ll tally your factors.
Turnover charge
Let’s say on the primary day of the Buying and selling Competitors, all contributors generated some buying and selling quantity and exercise. You made a $100 turnover yesterday. As we speak, you made a $200 turnover. Your whole turnover is $300. Your common every day turnover is $150.
Your progress is:
$200-$150/$150*100% = 33%.
The utmost variety of factors per exercise is 40. So the very best dealer earns 40, the following dealer – 39, then 38, and so forth. The fortieth dealer receives 1 level, the forty first will get 0.50 factors (½). The forty second — 0.33 factors (⅓), and so forth.
Variety of markets
Let’s say you traded 20 pairs. By this parameter, you might be in third place and based on the breakdown above, you’ll obtain 38 factors.
It really works the identical manner for buying and selling quantity and the variety of transactions. However the leaders on this class is likely to be totally different contributors.
To obtain the full sum of your every day factors, simply add the factors for all 5 parameters collectively.
Buying and selling quantity factors + variety of transaction + turnover charge + variety of markets traded = whole every day factors
Cumulative factors:
For instance, let’s say that on day 1 you earned 33 factors for quantity, 34 factors for trades, 40 factors for turnover charge, and 38 factors for the variety of the markets traded.
Your whole every day factors are: 33 + 34 + 40 + 38 = 145 out of a potential 160.
On day 2, you bought 27 factors for quantity, 29 factors for trades, 31 factors for turnover charge, and 19 factors for the variety of the markets traded.
You obtained 106 factors for the day.
Your whole cumulative factors after two competitors days would be the sum of the factors for day 1 and day 2: 145 + 106 = 251.
[Total daily points on Day 1] + [Total daily points on Day 2] +…+ [Total daily points on Day 14] =
Whole cumulative factors
Each buying and selling day, you begin with 0 factors. In case you don’t commerce on a day, you find yourself with 0 factors, and your whole rating on the Leaderboard will almost definitely be decrease on the finish of that day.
So commerce constantly to maneuver up on the Leaderboard and win prizes!
If you wish to get probably the most out of this competitors, go to CEX.IO College and brush up on some useful buying and selling ideas, or go to our weblog to atone for the most recent information and happenings from across the ecosystem.
Bear in mind, get your trades in by July 20, 2022 to maximise your eligibility. Good luck and completely happy buying and selling.