the trading challenge? I think some things were not thought through 100% and could be improved on in the next challenge
Normally the team is reading along here. Otherwise dm me and I’ll try to pass it on aswell
1. The Silver Challenge basically got decided on day 1. It is impossible for people to catch up with people who started on day one, unless those people forget to trade one of the days of the challenge (which is very unlikely) This completely takes away the incentive for people to still participate in this challenge. 2. There should be a minimum amount you have to spend to earn points in the silver tire Challenge. Right now you can buy e.g. NXRA for 1 USD and earn a point, which of course doesn’t lead to any increase in trading volume
Hey, my friend, thank you very much for this valuable feedback. Let me explain the reason behind the silver tier. The silver tier wasn't really in the DAO proposal, but we wanted to include it and have no limit to be able to test as much as possible. The more users we have, the better for stress testing the platform. On the other hand, we have the gold tier, where volume is very important. So, see this first competition really as one that will reward volume and also those that buy NXRA for bronze. On the other hand, silver is used to stress test the platform. I hope this makes sense to you.
Oh ok! Thank you for the clarification, Rachid. I wasn’t aware of that. Then it makes perfect sense 😊
What an awesome CEO this man is. Well done Rachid on all you have accomplished so far and keep building. Hope you and the whole NXRA community have a fantastic week ❤️
The competition is a joke currently. It will enrichen 5-10 wallets. Like the previous post said, the structure of the competition is not good for promoting use.
can you explain little bit more
Checked it out and saw something like top traders win this etc. So immediately not interested as a small poor broke sad man 🙃😢
When i checked last night 22 wallets participating. Gold tier only 3 people will get rewards. And like the other person said silver tier is already set in stone unless they miss a day which they wont. 500k tokens basically burned to help out like 5 individuals. Those funds would have been better spent on ads tbh 😂
What am i missing?
gotta read the the medium article mate — and 1st of month is payday for lots of people so expect increased participants and volume this weekend
you mean 22 people using the exchange?
The competition ends on the 2nd though correct?
It ends on 3 March 2024 -- the details are here: https://blog.allianceblock.io/nexchange-first-trading-competition-dccffb857efa
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