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League of Traders EN
League of Traders EN

03/18/2020

New Feature!! Challenge! (Information)

Hello, this is League of Traders. We released our new feature ‘Challenge’ today. Update your app and challenge now! The challenge is the feature to objectively quantify and share your price analysis with the users of League of Traders. (Challenge creators can earn some money with this feature too.) • How does it work? 1. The Challenge is located on the 4th tab of the bottom navigator. 2. Click on the “Pen” button to start creating your own challenge. 3. Start creating your challenge by selecting a pair of token (or contract) from an exchange. (Currently we support Bitmex, Bybit and FTX. ) 4. Choose a position (Long or Short) and set up an Entry price, Exit price and Stop-Loss price. 5. Decide the price for the challenge. This is the price that users will be charged from their Points to unlock and view the challenge you created. League of Traders will share the profit with the challenge creator. 6. Write a “Title” and a “Description” that describes and motivates the chosen parameters. Choose the Title carefully because it will be displayed to the users before your challenge is unlocked, whereas the Description can only be seen to the users who unlocked your challenge. 7. Post it! • How the status of the challenge is decided after 24 hours? -Win : The market price of the pair (or contract) at your selected exchanged reaches the Entry price and in turn reaches the Exit price within 24 hours. -Lose : The market price of the pair (or contract) at your selected exchanged reaches the Entry price but doesn’t reach the Exit price within 24 hours. -Draw : The market price of the pair (or contract) at your selected exchanged doesn’t reach the Entry price. (Neither Win nor Lose). • How to calculate the challenge profit ratio? -For the win : |Exit price - Entry price| / Entry price*100(%) -For the lose : -|Exit price - Stop-Loss price| / Entry price*100(%) -Draw : 0(%) Good Luck with the Challenge! /League of Traders

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