No-Loss Trading Game Captain Tutorial
Captain trading logic & FAQ
No-loss game mechanism:
As we talked about in the introduction of No-loss games, the mechanism of No-loss is that participants deposit their assets in KAKI protocol, and KAKI automatically deposits these funds into a loan protocol to earn interest. These interests are collected and put into the total prize pool, distributed proportionally among the players who win the game. This means that the more you deposit, the more prize money you will receive, but this is all subject to you winning the game. As a captain, all you need to do is use your KAKI chips (KC) wisely to earn excess at the beginning of each round. When your team is growing, it also means that you have more responsibility on your shoulders. At this time, how to place orders wisely to help the team earn more profit is the key you need to think about.
Placing orders
The first thing we need to understand is the basic logic of CALL and PUT. Briefly, if you predict that the price will rise, choose CALL. If you predict that the price will fall, choose PUT.
Order placement cycles, trading days, waiting periods, and rounds
Testnet:
Trading cycle: every 15 minutes
Order period: the first 10 minutes
Waiting period: the last 5 minutes
Mainnet:
Trading cycle: every 7 days
Order period: Monday
Waiting period: the remaining 6 days
Cycles: In the KAKI no-loss game, each game is played for a period of one week.
Trading day: Only the captain can play with KC on Monday of each cycle, so we call it Trading day. At the beginning of each cycle, the captain will receive an equal amount of KC. (Note ⚠️: If you as the captain do not use up the kc in your hand in time before the end of Monday, you will lose it and the kc will not accumulate to the next cycle)
Waiting period: The remaining six days of each cycle, except for Monday’s trading day, is the waiting period. During the waiting period, we can deposit assets and generate interest for the next cycle’s bonus.
Rounds: KAKI defines every 2 minutes as a round (one settlement) during the gaming day, i.e., the captain predicts whether the underlying asset's price will rise or fall two minutes later. In each round, the captain can place up to 2 orders with KC.
Relationship between DAI-KDAI-KC
DAI: real assets (on Layer1)
KDAI: mapped assets (on Layer2)
KC (trading chips/interest generated by real assets, the amount of KC depends on the principal value of the collateral * time value)
Quantitative relationship: 1KC = 100 DAI * 1 cycle
Minimum amount unit of orders placed: 1KC
Captain commission mechanism
As a qualified captain, while helping the team members get generous rewards, you can also get more commissions. The commission of captain KAKI is 8% of the profit! This is a seemingly good income, but if you don’t make a profit for your team, you won't get any commissions no matter how many members you have.
Q&A
- Does the extent of price fluctuation have anything to do with my earnings?
No! It doesn’t matter how much the price fluctuates. As long as it’s in the right direction, you’ll make a profit. For example, if you place a call order and the price of bitcoin goes up by $1, you get the same amount as if bitcoin goes up by $100.
2. How long does it take to withdraw my earnings?
When the captain won a trade, we can withdraw earnings by clicking on “Claim” in the Team interface, appearing in your wallet. The proceeds will be credited in real-time after each round. Note: If you did not predict correctly in that round, you would not receive the earnings.
3. Why are my earnings so high?
In the testnet, you may find that your earnings per round are very high, sometimes even doubled in one round of play. So will the earnings be that high in the main network too? Of course not. This is because it is 15 minutes per round in the test net, mapping one week in reality. As we all know, each captain who does not use up his KC in each trading cycle is equivalent to automatically giving up his chips, and then he will not be able to participate in the bonus distribution. For example, if there are ten teams in total and they all deposited KDAI, and you are the only one to place an order in the round and win, then all the prize money from this total pool will belong to your team. But this isn't easy to happen in reality because few captains will give up their chips in their hands if they are asked to place an order only once a week.
4. Do I get the same amount of money in each cycle if I place all the KC separately or if I place them all at once?
In the event that you win with all of them, the earnings from placing separate orders and placing all of them at once are the same. The captain can choose a different order strategy depending on the market conditions.
