Polars Trading Competition (Top50)
We have studied the results of the first trading competition on the Polars platform. 5557 users increased their initial deposit and made a profit, all the rest suffered losses.
We found the maximum TUSDC balance for the user @filipkirk (2,206,704 TUSDC). The main source of income is arbitrage.
You can see the leaderboard in this sheet: https://docs.google.com/spreadsheets/d/1eZ4URZfqBq51uGL49WHjlk8XL6vqWxKQoK0dJ6nVteI/edit?usp=sharing. We have added to it all users whose balance starts from the initial 6000 TUSDC.
Problem!
Additionally, we discovered the presence of artificial activity. Some users used dishonest methods to make money. They bought for a test Ether TUSDC on Uniswap from third-party accounts and pumped up the price of polar tokens in the Trade Pool. In such a dishonest way, they earned their capital.
It is important to understand that in a real situation on the mainnet, this cannot be done, since it is simply unprofitable for the initiator. We understand how offensive it can be to those users who honestly followed the events, prices, stayed awake and made bets.
We want justice. Therefore, we propose to make the final of the trading competition separately. The duration of the final is 3 days. We will launch a platform with a limited number of TUSDC, so that there is no way to get them in other ways. Therefore, in the final everything will be extremely fair, and those users who really learned how to make money on Polars will win.
We are confident that those users who earned dishonestly will not be able to win in a fair fight. How many users will be able to take part in the final you decide by voting in the main telegram channel: https://t.me/polarsio/758
Prize Pool
1st place — $10,000 (6-month lockup with staking opportunity)
2nd place — $7000 (6-month lockup with staking opportunity)
3rd place — $3000 (6-month lockup with staking opportunity)
4th place — $2000 (6-month lockup with staking opportunity)
5th place — $1000 (6-month lockup with staking opportunity)
6–50 places — $600 (6-month lockup with staking opportunity)
Polars
The new Defi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income.
