Community Contests
Overview
We’re excited to introduce Trading Contests to Crommunities, giving community managers a powerful way to engage traders and reward participation. With a brand-new UI and an innovative Rolling Average Approach, these contests encourage consistent trading activity while preventing last-minute manipulation.
Key Features
✅ Easy Contest Creation
Community managers can set start & end dates, define prizes, and more.
Creating a contest is free, and community managers are responsible for distributing rewards once the contest ends.
📊 Enhanced UI & Leaderboards
Global & daily leaderboards to track top traders.
Granular reporting tools help managers monitor contest performance.
CSV export available for contest reports.
🎯 Rolling Average Scoring System
Unlike traditional ranking methods that only count total volume, our Rolling Average Approach ensures a fair and balanced competition:
How It Works
Daily Points Calculation – Each day, traders earn points based on their buy/sell activity.
Average Calculation – A trader’s total points are divided by the number of days in the contest.
Ranking – Traders are ranked based on their daily average score, not just total points.
Zero-Activity Days Impact – Days with no activity count as zero points, lowering the overall score.
Benefits of Rolling Average Ranking
Rewards Consistency – Encourages traders to stay active throughout the contest.
More Fair Than Daily Caps – No arbitrary limits; traders can have exceptional days while still needing steady participation.
Harder to Game – Last-minute traders can’t suddenly overtake active participants.
Smooths Out Market Volatility – Balances out fluctuations in trading activity.
🚀 Boosted Points for Buys
Buys receive a 30% point boost, making contests more engaging and incentivizing long-term holding.
Example Contest
ROBIN Trading Contest - Edition #1
🗓 Mar 8, 12:30 AM - Mar 15, 10:03 PM
🏆 Prizes:
1st Place: 50,000 ROBIN
2nd Place: 25,000 ROBIN
🔥 Leaderboard available in the new UI!
Get Started
Ready to launch your first contest? Head to Obsidian Crommunities and start rewarding your traders today! https://obsidian.finance/contests
Last updated