Cross Gems II trading games details

From Thursday 23rd February until Monday 27th 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 USDC-C will be transferred on Wednesday evening, an additional 1000 USDC-C will be transferred on Thursday and Friday around 10 am UTC.

Part I: Thursday 23rd February to Monday 27th February 10 am UTC Measuring the PNL on SHIB/USD and/or XMR/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: Friday 24th February to Monday 27th February 10 am UTC Measuring the median % profit over that three day period. See the example calculation below. Trading will be done on SHIB/USD and/or XMR/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 Median PNL: Median(Friday to Saturday, Satuday to Sunday, Sunday to Monday)

Example:

Friday to Saturday: 10% PnL

Satuday to Sunday: -70% PnL

Sunday to Monday: 30% PnL

This would give an end result of 10% PnL since that is the middle(median) value.

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.

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.

Rewards

The following is the reward structure for the incentive games, 2000 $VEGA in total.

Game I PNL Rewards

Game II PNL Rewards

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

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.

Incentive Governance

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.

1. The incentive must have ran for at least 12 hours.
2. No specific user can be named in the reward structure, e.g. user AB receives all rewards.
3. The amount of total rewards can not exceed the original amount.
4. In case it is decided to reward people
5. The incentive has reached its end and users were not able to participate in a way that made it possible for users to participate in the intended way.
6. Only registered participants in the incentive votes are valid, this includes twitter, discord and vega public key
7. At least 2 different alternatives need to be available to vote for, and users need a sufficient amount of time to vote.

Example of an option for voting

1. Change the reward structure to raffle 20 $VEGA to 75 users
2. Keep the current reward structure

HOW TO CLAIM YOUR TOKENS

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.

Further information

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.

Rules

• Breaking things is encouraged! Tell us how you broke them and we may give you a tip if it’s found to be a critical bug. Demonstrate exactly how to reproduce it here. Include screenshots/code snippets in as much detail as possible to be eligible for a tip.
• The Vega project reserves the right to not reward participants that are not participating in the community spirit of the incentive programs i.e. botting to collect as many rewards as possible or using an exploit to win an incentive.
• In the event of unforeseen issues and/or a network crash (or essential reset) we will either restart the event OR track and reward those that participated successfully. The course of action will depend on the unforeseen issue. If you miss out, don’t worry, there are many more incentives planned for the coming weeks and months.
• Attempting to create multiple entries by changing twitter handles, having multiple personal accounts, using bot or farmed twitter accounts or by any other means will result in disqualification from this, and any future, incentives.