New Feature: +200 LOC for Biggest Trade
We want to start this article with the announcement that all rewards of Trading Event Week 1 have been distributed.
Trading Event Week 2 is now in full swing and lasts until Sunday:
At total of 442 LOC have been unlocked by 8 traders already! Submit your participating wallet here if you have not done so yet.
Introducing a new Event Feature
To make things even more exciting and fun, we are introducing a new event feature. The participant with the biggest trade throughout the week will be eligible for a bonus reward of 200 LOC!
How does it work?
1. Check the current biggest trade through the live ranking
2. Execute a bigger trade than the current one (difference has to be at least 1 LOC). It has to be a single transaction.
The biggest trade at the end of the week will be eligible for 200 LOC. If there are two trades with the same LOC amount, the one that has been executed first will count.
Things to consider:
This feature allows for greater strategical flexibility. Depending on the market conditions, it can be more or less beneficial to pursue it. In addition, slippage effects should be taken into account in certain scenarios.
Hint: There are ways to cancel out slippage effects to a certain extend. For example by quickly taking advantage of the self-created price movement by trading in the opposite direction.
At the same time this allows traders to take advantage of the 200 LOC to finance additional trades, making it easier to reach top positions in the overall ranking.
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