CRIPCO Leaderboard
OVERVIEW
If you weren’t a degen, you wouldn't stand a chance in the BLUR airdrop. Are you hoping to get in on the BLUR Airdrop S3 maybe? Trading CRIPCO NFTs on Blur is your golden ticket to it. PLUS, you get a CRIPCO airdrop, too.
Trade CRIPCO NFT collections ‘WADE F&F,’ and ‘OOZ & mates’ on Blur. Climb the ranks in bidding and listing by earning points, and get yourself a sweet 70 MILLION $IP3 airdrop. IP3 airdrop will be distributed at the season end, in May 2024.
Our event runs on a smart and sophisticated algorithm. It might seem a bit complex, but the key is: Active trading near the Floor Price, and the rewards get sweeter. We’re all about fair play by keeping the competition clean, so inflated prices won’t inflate your score.
Bidding or listing near FP can score you big points. Hovering near the FP with your bids and listings is a recognized high-stakes strategy. It boosts the CRIPCO NFT collection's liquidity and activation. Plus, it strengthens the stability and credibility of pricing, offering a clearer picture of the market value to everyone involved. That’s why such fearless strategies should rake in more points.
Additionally, those who maintain their bids and listings during times of high trade volume will be rewarded more points.
The level of risk is quantified by your price's closeness to FP and the timing when the trading volume is at its peak. Bids or listings close to the FP are more sensitive to market fluctuations, they are valued higher and awarded more points.
TLDR;
Bidding Score: The closer and longer you bid next to the Floor Price (FP), the more points you collect. The nearer you are to FP, the higher your score climbs.
Listing Score: The same goes for listings - the longer you stay near FP, the more points you’re gonna score, proving your NFT is worth in the marketplace.
Referrals : Participate the event with referral code and score an instant 10% bonus. Share your referral code, and the more you refer, the more you score: from your ‘child’ at 35% and ‘grandchild’ at 10%.
HOW IT WORKS
BidAmount_j: Represents the quantity of bids submitted by a participant for the j-th bidding event.
VolumeWeight_j: A market weight for the j-th bid, reflecting the cumulative quantity of bids up to that point.
Distance_j: A calculated distance based on the difference between the participant's bid price and the current floor price.
Referral Boost: An additional score granted to participants who have entered the market through a referral system.
Weight: A coefficient that applies a specific weight to a bid, based on various factors that may include bid timing or market conditions.
Time: A factor that reflects the duration of a bid in the scoring calculation.
BidScore_j: The value of the j-th bidding event
ListScore_j: The value of the j-th listing event, calculated similarly to the bidding score.
referred: Indicates whether a participant has entered the market activity through the referral of another participant, which may qualify them for additional referral bonuses in the scoring system.
child: Refers to an individual who has been directly referred by another participant, occupying the first level in the referral structure.
P_parent: The score associated with the referrer, often termed the "parent" in the referral system, which can be augmented by the activities of their referrals.
P_child: The score attributed to a participant's direct referral, often termed a "child" in the referral hierarchy.
P_grandchild: The score associated with an indirect referral, termed a "grandchild," representing the second level of referral—those who are referred by the participant's direct referrals.
Referral Boost Calculation: Determines the additional score for participants who were referred, as opposed to those who were not.
Referral Score Calculation: Reflects the score derived from referred child or grandchild addresses, with specific multipliers for each.
Total Score Calculation: The aggregate score which combines bid and listing scores, referral boost, and referral score, to provide an overall evaluation of a participant's market activity.
REFERRAL PROGRAM
Obtaining Your Referral Code
Engage with the CRIPCO X (formerly Twitter) account on the CRIPCO $IP3 Airdrop Leaderboard, and you’ve got your referral code.
Sharing Your Referral Code & Boosting Your Referral Bonuses
Share your referral code far and wide!
The referral bonus provides a cascading benefits flowing from 'parent' to 'child', and then to 'grandchild' (Parent - Child - Grandchild).
When someone signs up for the event with your code, you, the referrer ('child'), will receive a permanent 10% score boost.
'Parent' users who've been spreading their referral code will earn a nifty 35% bonus from their 'child' user's non-referral score and a 10% bonus from their 'grandchild's' non-referral score.
Conditions for Referral Score Bonus
The referral program is conditional. Without Bidding or Listing activities, no referral score is granted.
Details are clearly expressed below using the term of Parent (P), Child (C), and Grandchild (GC).
Referral Program ConditionsP Referral Bonus = C’s Score × 35%
P Referral Bonus = C’s Score × 35% + GC’s Score × 10%
P’s Potential Referral Bonus = P’s Score + C’s Score 35% + GC’s Score 10%
ExamplesP = P’s Bidding & Listing Score (except referral score)
C = C’s Bidding & Listing Score (except referral score)
GC = GC’s Bidding & Listing Score (except referral score)
Parent's bonus when Child's Bidding & Listing Score is 100 points:
P Referral Bonus = 100 * 35% = 35 pts
Parent's bonus when both Child and Grandchild's Bidding & Listing Scores are 100 points:
P Referral Bonus = 100 * 35% + 100 * 10% = 45 pts
If Parent's Bidding & Listing Score is 0:
P Referral Bonus (if, P=0 pt) = 0 pt
If Parent's Bidding & Listing Score is 10 points:
P Referral Bonus (if, P ≥ C or GC) = (10 pts from 100 * 35%) + (10 pts from 100 * 10%) = 20 pts
Referral Structure
We can’t wait to see your spirited participation and contribution through this event. Welcome all to join this trading marathon and best of luck in your crusade for the gold of $IP3! Your efforts will be rewarded with $IP3 airdrop at the season end, in May 2024. Good luck and see you on BLUR!
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