From Wednesday 15th February until Friday 17th February 10 am UTC, we will be running additional trading game incentives for users wanting to practice for the next Mainnet Simulation games (SIM2).
The games will be divided into two parts, both based on trading.
Trading funds: 1000 USDXX will be transferred on Wednesday at 10 am UTC, an additional 1000 USDXX will be transferred on Thursday around 10 am UTC.
Part I: Wednesday 15th February to Friday 17th February 10 am UTC Measuring the PNL on ADA/USD and/or XRP/USD market, it is up to you to choose if you want to trade on one or both of the markets. You can find the leaderboard here.
Part II: Thursday 16th February to Friday 17th January 10 am UTC Measuring the PNL but taking the first days trading result into account. See the example calculation below. Trading will be done on ADA/USD and/or XRP/USD, it is up to you to choose if you want to trade on one or both of the markets. You can find the leaderboard here.
Part II PnL:
(PnL - PnL at start) / (PnL at start + funds transferred)
Example User A:
At the start of the incentive on Thursday (10 am UTC) user A has made a PnL of 500 USDXX thanks to a good start during the first 24 hrs, at that time we have transferred 1000 USDXX on Wednesday and 1000 USDXX on Thursday.
At the end of the incentive on Friday 10 am UTC they have made a total of 1500 USDXX PnL the calculation would be the following:
Part I : PnL 2000 USDXX (higher is better)
Part II: (1500 - 500) / (500 + 2000) = 0,4 (higher is better)
Example User B:
At the start of the incentive on Thursday (10 am UTC) user B has made a PnL of -200 USDXX due to a tough start during the first 24 hrs, at that time we have transferred 1000 USDXX on Wednesday and 1000 USDXX on Thursday.
At the end of the incentive on Friday 10 am UTC they have made a total of 600 USDXX PnL the calculation would be the following:
Part I : PnL 600 USDXX (higher is better)
Part II: (600 + 200) / (-200 + 2000) = 0,44 (higher is better)
The asset you will use for trading on ADA/USD and or XRP/USD which will be transferred to your registered ETH address on Sepolia.
Aim for the top spots of the leaderboard's below in order to receive the reward according to the distribution table below. Trade using either our console, or API. Of course you can win both games.
Users that did not apply for Mainnet Simulations 1:
Please note that the following instruction is for testnet only! If you are using a local CLI wallet, you are required to run version v0.67.0 or later, as for the Vega Wallet Desktop app v0.8.2 or later is required. You can download the appropriate wallet by following these instructions.
The following is the reward structure for the incentive games, 2000 $VEGA in total.
Game I PNL Rewards
Game II PNL Rewards
*4 users were missing from the leaderboard by no fault of their own so they have been added to the winners list without punishing anyone already there.
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.
In addition to the trading game incentive, we would highly appreciate any bugs or suggestions of improvements to the console to be submitted on github discussions.
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!
Market details will be visible through Console and APIs.
All announcements for this market will be made via the Vega Protocol Twitter account @vegaprotocol so make sure you follow to stay up to date.
In case for some reason the incentive has started and run for at least 12 hours and runs into issues that prevent it from continuing, including restarting, within a reasonable amount of time, it is up to the community to decide what to do by incentive governance.
Incentive governance means that the community members are allowed to make proposals through the Ambassadors, on how to settle the incentive. The proposals should be added to a vote which will be had at the end of the original incentive.
The following needs to be true for a governance vote to be valid.
Example of an option for voting
After 10th March 2023, winners will be able to get a token claim link by logging onto the token rewards website with the Twitter account used to register for Fairground Incentives (this is the Twitter handle on the list above). You will be asked to confirm your country of residence - unfortunately, those in restricted countries will not be able to claim tokens.
This is a unique, one time use link, and not specific to any individual so it can be used by anyone to claim tokens. Please treat it with the same security as you would a token. Unfortunately, Vega cannot rectify any mistakes, lost links, or links that have already been used. You know the drill!
All tokens have a linear vesting. All tokens, either locked or vested, can be staked on the Vega network once it is live.
All announcements for this incentivised period will be made via the official Fairground Twitter account @VegaFairground so make sure you follow to stay up to date. This includes changes, updates and early closing of the period.
Check out the Incentive Terms and Conditions for information related to all incentives.