Competition is Key: Why Leagues Can Make You a Better Trader
Competition is always a good thing. It forces us to do our best.
One of our biggest goals is to make DeFi familiar, functional, and fun, and at Pollen, there is no more fun to be had than topping a Leagues leaderboard. Bringing competition to trading means a chance for impressive gains, and massive bragging rights.
But, other than beating those in your League, Pollen’s competitive trading ladders are an excellent way to become a better trader. There are a lot of benefits to be had by pitting yourself against other traders that cannot be replicated in single forays into Pollen Virtual.
We’d like to outline seven major advantages to joining a league and entering a trading competition that will help you be a better trader in the long run.
Understanding Pollen Leagues
Simply put, Pollen Leagues are ongoing trading competitions. And a trading competition is a contest where traders compete against each other to see who can make the most profit in a given period of time.
Pollen has designed Leagues to be incredibly user-friendly and customizable so people can build the league they want. Leagues bring team play into the Pollen mix and give you control over who you compete with and against.
Building on our foundational Pollen Virtual module, Leagues gives you a playing field to run and participate in virtual trading competitions within your community — be that your circle of friends, family, colleagues, or followers.
Your invite-only league comes complete with its own leaderboard, letting you battle it out against your peers while you earn PLN rewards as you beat the market. Better still, the central Leagues leaderboard ranks all leagues on Pollen, allowing you to compare your community’s performance to that of others.
Expanding on the current version of Leagues, Leagues PRO will soon introduce branded, NFT-ticketed leagues curated by partners and influential crypto communities to give you the opportunity to earn prizes on Pollen and beyond.
Why it Matters to be Competitive
By participating in a crypto trading competition on Pollen Leagues, you can take advantage of the significant benefits that being competitive brings, all while hopefully being a success in the trading stakes.
Seven Reasons Why
1. Get Rewarded
When the crypto market is up and down, traders can lose confidence and become risk-averse, resulting in slow trading activity and trading losses due to volatility. However, participating in a crypto trading competition can be lucrative. By winning a crypto trading competition, you can offset some of your losses and motivate yourself to continue seeking opportunities for financial gain.
2. Gain Experience
While reading about trading activities and strategies can provide some knowledge, nothing compares to the value of real-life experience. Live trading allows you to test your knowledge and strategies, which can guide your future trading activities. Competing in a crypto trading competition can be particularly advantageous, as it can reveal opportunities that exist in real life, rather than just in theory.
3. Perfect Your Trading Skills
Whether you are a new trader or looking to improve your skills, refining your trading skills is crucial. Upgrading your skills and strategies can boost your confidence, and having confidence can help you make trading decisions based on knowledge and experience, rather than on emotion.
4. Explore New Trading Strategies
Looking at previous winner boards on Leagues Pro may reveal outcomes and good trades that stand out. Competing in a crypto trading competition may inspire you to be more aggressive with your trading strategies and potentially gain greater profits.
5. Test Your Skills
Participating in a trading competition makes it easier to compare your trading results to other traders. It is an opportunity to see how you stack up to people in your investment group and have bragging rights if you win. It also allows you to test different risk management strategies and compare your results with others to see how your strategies stack up.
6. Prove That Your Trading Strategy Works
If you have developed a trading strategy that works well for you, competing in Polen Leagues allows you to test it under different parameters. This can help you fine-tune your strategy to be more profitable in a market downturn or bull market.
7. Get Out of Your Comfort Zone
Getting out of your comfort zone can lead to great opportunities. Participating in a Pollen League exposes you to new trading strategies and encourages you to think creatively to improve, rather than staying in a comfortable rut. As a result, you could see greater results from your crypto trades by getting involved in competitions from time to time.
More Opportunities for Competitive Fun
As mentioned above, Leagues is a great place to build your own trading platform, but soon we we launch Leagues Pro which will add an entirely new dimension to our style of trading competition.
While Leagues PRO is a members-only virtual trading experience, it is also a robust and effective B2B solution that allows projects to run their own branded 24/7 trading championships on Pollen to help them engage, reward, and grow their communities.
A simple-to-use, whitelabel solution, Leagues PRO helps league organizers foster engagement and competition within their communities, capture and assess members’ collective trading intelligence, and generate revenue and rewards for all involved.
Disclaimer
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor.
About Pollen
Pollen is a first-of-its-kind Virtual Trading Arena where the community holds all the power. Decentralized finance is designed to be by the people, for the people, and Pollen is acknowledging this by building the first, truly decentralized platform for measuring trading skill and on-chain reputation with its Pollen Virtual suite of products.
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