The Official altilly.com Market-Maker Competition
This Competition Has Ended
The prizes for this competition have been paid
The altilly.com Market-Maker competition
Who can participate?
Any user of altilly.com can participate in this unique competition.. And the best part... Trading is not required!
What is this competition? What are the prizes?
The purpose of this competition is to help fill-up our order books. We have many markets and we are getting hundreds of new users every single day.... But what do these new users see when they come here? They see orderbooks which are thin. In order to get new users trading, they need to be able to see that there are other users they can trade with.
The prizes will come from all the trade fees we collect from 2018-11-20 00:00:00 UTC to 2019-01-01 00:00:00 UTC. 50% of them to be exact. We collect our fees in the following currencies: BTC, ETH, USDT, LTC, and DOGE. For the 40 days this competition is running, we will set aside 50% of all the trade fees. We will also show what has been collected and put aside for the final reward.
How are points calculated and how do you get them?
Easy. There are 3 ways to get points.
1 Create market orders in the order books. These are orders that are placed onto the books that are not expected to immediately trade - but they do help to fill the orderbooks. Every day, we will review the pending orders you have and you will receive points based on the total value of the order at last trade price - The order must be active for a minimum of 24 hours to receive ponts. So, for example, if you placed an order in the BTC/USDT market to buy 1 BTC at $5000 USDT, and the last trade price in that market was $5500 USDT, then that order would have a total "competition value" of $5500. You will get points at a 1:100 ratio, meaning in this example you would recieve 55 points on that day for that order. This works for any order you have that is active and 24 hours old or older, this includes any active orders you have created before the competition start date. Sell orders will always counted at Quantity * Last Trade Price. Buy orders priced below 80% of last trade price will be counted as Quantity * Order Price - if the buy order price is above 80% of the last trade price, then it will be counted at Quantity * Last Trade Price. For all point calculations, we will use the USD value of the total
Data update frequency: 1 time per day
2 Market maker trades. These are trades where you receive the market maker bonus (it shows as a negative fee in your trade history). If you have an open market maker order (an order that is showing in the order books) - and somebody buys or sells into your order, then you will get points for that completed trade at a 1:100 ratio of the order total usd value. For example, if you had a 1 BTC buy order at $5000, and somebody later sold you that 1 BTC, then you would get 50 points for that trade -- the user who sold you the 1 BTC would not get any points as they are a market 'taker' in this example. If you make a trade that takes away an order from the order books (a taker trade), then you will not receive points for that trade. Wash trades will not be counted -- these are trades you make to yourself or with another user for the purpose of only gaining points.
Data update frequency: 1 time per hour
3 Have open market maker orders still active at the end of the competition. At the end of the competition, we will review all open orders that were created since the beginning of the competition. We will award points using the same competition value calculation as in #1 above. This value will then be multiplied by the length of time that order has been active and then divided by the total number of days in the competition. For example, you opened an order at the beginning of the competition for 1 BTC at $5000 -- and the order is still active at the end of the competition. The point calculation for this is 1:50 multiplied by the length ratio. The length ratio is the number of days the order was active divided by total number of days in the competition. For example: (total order compeition value / 1:50 ratio) * (active days / total days) . If the last trade price was $5500, then it would be: ($5500 / 50) * (40/40) = 110 points .... Or if you only had the order active for 20 days, then it would be: ($5500 / 50) * (20/40) = 55 points.
Data update frequency: At the end of competition
When do the prizes get paid?
Prizes will be calculated and paid out the first week of January, 2019.
What is the overall goal of this competition? What do we expect to see?
Here is what we expect to happen: As new users signup, they will no longer see thin order books. This will make them more comfortable trading on altilly.com. As more new users trade, our overall volume will increase. An increase in exchange volume will attract even more new users. As our volume increases during this period, so will the collected fees and prize pool for this competition. It's a Win-Win for everybody.
Can altilly afford this?
Absolutely. altilly.com can afford to operate at a loss for quite some time. If we can acheive our goals during this period, then altilly will be a very active exchange in 2019. We would like to have 50,000 users and over $200k in daily volume by the end of 2018 - which is a very conservative goal.
What are the prize tiers?
|1st Place||15% of prize pool|
|2nd Place||10% of prize pool|
|3rd Place||6% of prize pool|
|4th - 10th Place||3.5% of prize pool each|
|11th - 20th Place||2.5% of prize pool each|
|21th - 30th Place||1.5% of prize pool each|
|31th - 50th Place||0.4% of prize pool each|
Competition Period: 2018-11-22 00:00:00 UTC 2019-01-01 00:00:00 UTC
|1||srgt||264120.42043161 Points||18750 DOGE|
|2||aziskebanaran||18249.54603868 Points||12500 DOGE|
|3||ouchouch||5152.52159781 Points||7500 DOGE|
|4||deenniiss||3487.49797425 Points||4375 DOGE|
|5||Otahumele||2134.77618684 Points||4375 DOGE|
|6||Fuzzybear||1555.89800527 Points||4375 DOGE|
|7||Topmaster||1168.38638838 Points||4375 DOGE|
|8||kmsd||1166.49618622 Points||4375 DOGE|
|9||Paulie1shot||727.90954955 Points||4375 DOGE|
|10||Zaingreen||718.73950458 Points||4375 DOGE|
|11||JanEmilDenmark||710.13126149 Points||3125 DOGE|
|12||tanpa.name||627.81594614 Points||3125 DOGE|
|13||zakazofffer||612.24747963 Points||3125 DOGE|
|14||kibotmos||509.55785389 Points||3125 DOGE|
|15||OLYMPIOS||386.36724204 Points||3125 DOGE|
|16||Brycly||334.93906193 Points||3125 DOGE|
|17||jhackobo||242.06194361 Points||3125 DOGE|
|18||Dayat||155.2008194 Points||3125 DOGE|
|19||adzbtc17||113.52696841 Points||3125 DOGE|
|20||Mrcoincoin||98.45337962 Points||3125 DOGE|
|21||damianicash||96.61658144 Points||1875 DOGE|
|22||Mililiter||72.84204597 Points||1875 DOGE|
|23||Kolomudani||72.81443714 Points||1875 DOGE|
|24||Crocksor||59.9571729 Points||1875 DOGE|
|25||Moekidi2018||55.38800817 Points||1875 DOGE|
|26||monki||54.4073899 Points||1875 DOGE|
|27||CamarPratama||51.77092684 Points||1875 DOGE|
|28||khanji786||38.70067038 Points||1875 DOGE|
|29||Dhaee||36.38670788 Points||1875 DOGE|
|30||Bghifari||36.34747385 Points||1875 DOGE|
|31||Plasto||31.7236472 Points||500 DOGE|
|32||ArtiqoxIncome||30.29352521 Points||500 DOGE|
|33||Deleon||28.42574553 Points||500 DOGE|
|34||samintugiyo||27.00327978 Points||500 DOGE|
|35||tobel69||24.45561322 Points||500 DOGE|
|36||ajaratib||20.94850567 Points||500 DOGE|
|37||drel||18.99293299 Points||500 DOGE|
|38||alazim||16.13124606 Points||500 DOGE|
|39||Mohamed zizo||15.64562004 Points||500 DOGE|
|40||Nomnom||14.77152798 Points||500 DOGE|
|41||Jantok||14.38300777 Points||500 DOGE|
|42||Mufu||14.2224553 Points||500 DOGE|
|43||koningjos||13.23073752 Points||500 DOGE|
|44||Nikitati||13.1912885 Points||500 DOGE|
|45||LeftHandz||12.85450743 Points||500 DOGE|
|46||ilprincipe||12.75071534 Points||500 DOGE|
|47||dncp||12.15740598 Points||500 DOGE|
|48||zackko||10.94453953 Points||500 DOGE|
|49||onespoon||10.88352445 Points||500 DOGE|
|50||Rafiyuddi||10.66716489 Points||500 DOGE|
|60||Stipend Coin||3.22772752 Points|
Final Prize Pool Totals
|Coin Code||Coin Name||Total|
|BTC||Bitcoin||0.01897768 BTC = 30,123 DOGE|
|ETH||Ethereum||0.24684921 ETH = 13,930 DOGE|
|LTC||Litecoin||0.54927465 LTC = 7,448 DOGE|
|USDT||Tether USDT||8.57378128 USDT = 3,673 DOGE|
|+ Bonus||29,778 DOGE|