Start the New Year off with some Free Bitcoin! Just one week left to enter Hedgy's Trading Challenge.
If you aren't familiar with Hedgy, we are building a platform for smart contracts in the financial sector. Our first offering is a vanilla Bitcoin Forward that uses 2/3 multi-sig for posting collateral. Our goal is to help marketplace participants address price volatility and exchange/counter-party risk. In anticipation of our live product launch, we are hosting a Trading Challenge to gather feedback, grow our userbase, and familiarize the community with our offering. All contracts created for this purpose use a demo coin (BCY) which has no real value.
Prizes of $600, $400, and $200 will be awarded to the top 3 contracts on both the buy-side and sell-side. Six prizes in all for a total of $2400. Prizes will be awarded in BTC, with the conversion computed using Tradeblock's 2-hour TWAP the moment the challenge ends.
Entries and Scoring
For each entry, you only need to choose a direction (long/short), and a contract duration. The forward price is always set to the current XBX spot upon creation. Each entry's score is computed using the ratio [Forward Price / Settlement Price]. For settlement price, we use the 2-hour TWAP at maturity. Get Started!
Each user is given only one entry by default, but you may earn up to three additional entries by completing any of the following tasks (+1 entry per task):
Use the Invite Friends button on the dashboard to send out your referral link. Get three friends to register and unlock this entry.
If any one of your referred friends completes KYC then unlock this entry.
Complete full verification (KYC) yourself
Note: The P/L of your entries is not cumulative -- they are each given an independent rank on the leaderboard.
The only information you need to provide to enter is a valid email and working phone number. But you must fully verify before accepting any prize. You can wait to complete verification until the contest is over, as long as you are confident you will pass KYC checks. Any attempts to circumvent the rules may result in a disqualification at the sole discretion of Hedgy. This includes, but is not limited to, creating more than one account, attempting to exploit our system, and any other malicious actions.
This post is a summary of the Full Rules provided for convenience only, and holds no enforcement power in the Trading Challenge.
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