Preface — I’m the creator of Swap Tilt trading tournament platform and I want to share with you this concept of competitions. With Swap Tilt we aim to bring equilibrium and fair environment by reducing impact from random hazards at the highest scale possible. Challengers compete only against a limited number of actors and win with their skills. They expose only a small amount of wealth at risk by contributing to the price pool which size grow proportionally to the tournament participant number. At the end the winners share the price pool as reward.What is Swap Tilt ? Swap Tilt is a platform where players can compete in cryptocurrency trading tournaments and bid on game currency auctions.
What is a trading tournament ?Our tournaments are trading competition between a fixed number of participants where challengers aim to increase their initial currency balance in order to gain score points. The competition start when the number of participants is reached and it end after a predefined amount of time. When the tournament is over the price pool established by the entry fee is distributed between the winners.
User interface of the tournament’s lobby with a view of the user’s game currency balance and open tournaments list.
How do you determinate the winner ?The participants are ranked by their score and at the end of the tournament the reward is distributed from the highest score to the lowest. At the subscription every participant receive the same amount of credits which are used to fund their trades during the competition. The initial credits are bound to a specific currency which is used to calculate the score. The score in pip (point in percent) is calculated by making the difference in the score currency between every trade made by the participant and subtract the initial credits at the end. In order to calculate the score we use the price of the last trade of the simulation exchange source as reference.
Tournaments history records with participants final score in the lobby.
What are the benefits to participate in trading tournaments ?The simulated nature of the trades gives our platform the ability to offer exclusive trading mechanisms and push the traditional limits further. Challengers can select a tournament currency independently of the price pool currency enhancing the ability to compete effectively in every market trend. The challengers accumulate a prize pool which is distributed as reward to the most successful participants. The reward size varies depending on the number of challengers and the price pool distribution rules. You can find your tournaments in the lobby.
Tournaments tradeboard view with description, challenger game currency balance and score. We can also observe the markets overview, trades history, orders book, pending orders list, cryptowatch candlestick chart and new order form providing limit and stop orders.
In addition of the prize pool the tournament winners receive fame points for each pip won during every tournament. Fame point will grant you access to the auctions system where you can get different kinds of prizes. Participate in our free daily lottery and get some special treasure which will rewarded your fidelity. Take advantage of your fame points, your ruby and others game currency rewards points in our unique auction store. You can bid against other users right now and win many auction of different kind like cryptocurrency, treasures with random content and more. Have a look to the auctions dashboard.
Rewards and treasures description view.
Our tournaments will reward your ability to time the market, your mental strength and your inner determination in ways regular trading does not. Trading competitions are an opportunity to take your skills and put them to the test. Competition is the best way to accelerate learning and build confidence by improving your own skills. Feel this unique experience and climb up step-by-step to victory.
What else your platform have to offer ?The platform’s interface grants our customers access to our constant data feed and dynamic proceeding tools enhancing our users with the ability to submit orders and to monitor tournaments evolution in real-time. We also provide access to your tournaments and auctions history as well your transactions records. Those history and records give tournaments challenger the ability to verify opponent’s trading history in order to account for tournament’s integrity. We provides first-grade security to our users through encrypted end-to-end communication between the server and the clients, and by storing all our data under highly encrypted form.
Do you want to try ?We are actually in alpha test and any feedback would be very appreciated. Actually the tournaments are running on Ethereum ropsten testnet. At the end of the alpha testers will receive a gift, invitation for the beta and unique alpha avatars pictures.
The alpha is currently running on
https://swaptilt.com
