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Title: Disparity between KuCoin RPX volume ranking Post by: talinabtc on January 11, 2018, 05:58:35 PM SOLVED: There is a loophole where deposits and withdrawels also count towards trade volume; top traders are just sending RPX back and forth between wallet
--- There is a disparity between the volume rankings by KuCoin and the actual traded volume. The compitition (https://news.kucoin.com/en/redpulse-and-kucoin-to-give-away-1-porsche-911-carrera-3-0t-and-about-250000-rpx-tokens/ (https://news.kucoin.com/en/redpulse-and-kucoin-to-give-away-1-porsche-911-carrera-3-0t-and-about-250000-rpx-tokens/)) initiated by KuCoin and RPX give prizes to top 51 traders by volume. However, the volume for the top few traders that will get the majority of the prize money, far exceed the actual real trade volume list in coinmarketcap, livecoinwatch and even the volume reported by kucoin themselves. Below you see the cumulative volume ranking of all rank 51 to rank 1 traders, as well as the volume of rank 1, 2 and 3 traders. As you can see, the volume by trader 1 already far exceeds the TOTAL volume traded of RPX on Kucoin. There seems to go something wrong with the volume calculation for these ranks, but I've not had any luck with RPX or KuCoin support. https://i.imgur.com/YaNvQw5.jpg https://imgur.com/a/mhhCe (https://imgur.com/a/mhhCe) Title: Re: Disparity between KuCoin RPX volume ranking Post by: Winner on January 11, 2018, 06:02:03 PM Dear bitcointalkers, We would have to wait at least half a year more to see the overall trade volume. A lot of that could just be fake money.There is a disparity between the volume rankings by KuCoin and the actual traded volume. The compitition itiated by KuCoin and RPX give prizes to top 51 traders by volume. However, the volume for the top few traders that will get the majority of the prize money, far exceed the actual real trade volume list in coinmarketcap, livecoinwatch and even the volume reported by kucoin themselves. Below you see the cumulative volume ranking of all rank 51 to rank 1 traders, as well as the volume of rank 1, 2 and 3 traders. As you can see, the volume by trader 1 already far exceeds the TOTAL volume traded of RPX on Kucoin. https://i.imgur.com/YaNvQw5.jpg https://imgur.com/a/mhhCe (https://imgur.com/a/mhhCe) Title: Re: Disparity between KuCoin RPX volume ranking Post by: jacaf01 on January 11, 2018, 06:07:58 PM Most of these could be fake volume or it could be that there is something wrong with the API, but is this perculiar to only RPX only or most of the tokens listed on the exchange
Title: Re: Disparity between KuCoin RPX volume ranking Post by: talinabtc on January 11, 2018, 06:09:57 PM I mean, for the compitition at https://news.kucoin.com/en/redpulse-and-kucoin-to-give-away-1-porsche-911-carrera-3-0t-and-about-250000-rpx-tokens/ (https://news.kucoin.com/en/redpulse-and-kucoin-to-give-away-1-porsche-911-carrera-3-0t-and-about-250000-rpx-tokens/)
The top traders will get the rewards, but the traded volume is not real. That doesnt seem like a legit compitition then. Title: Re: Disparity between KuCoin RPX volume ranking Post by: talinabtc on January 11, 2018, 06:12:03 PM So the volume rankings for the top contenders are artificially inflated: 200+ million dollars traded last 2 days while total RPX volume on Kucoin was 150 million dollars during that same time period. I'm trying to compete, but something is going wrong in the rankings. I have tried to contact support of both RPX and Kucoin, but have not had any luck
Title: Re: Disparity between KuCoin RPX volume ranking Post by: talinabtc on January 11, 2018, 07:35:40 PM SOLVED -- there is a loophole where deposits and withdrawels also count towards trade volume; top traders are just sending RPX back and forth between wallet
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