Crypto Competition FAQ
What is Mana ?
Mana are trading credits.
Instead of charging fees on transactions in the game we require that you have mana to make a trade. You need 1 mana to make a market order and 2 mana to make a limit order.
You get extra mana each day you login so you should always have enough to make a few trades, but not enough to overload our systems!
How do I get more Mana ?
On the Membes Dashboard you will find a section called Activity. At the bottom it shows your Login streak, being how many consecutive days you have logged in
Each day on the right there will be a Bonus button to claim more mana. The more days in a row you have visited the bigger your daily bonus
How can I get more virtual dollars ?
You don't really need them. We run all our competitions based on ROI - so its the percent change in your portfolio and percent gains on trades that determine how well you do. The absolute dollars you have wont affect this.
Can I buy/sell any amount at the market price ?
Yes you get infinite liquidity at the bid and ask prices so you can trade as much as you have in coins/dollars. Because you are making virtual the trades you make wont move the market price either.
Will my or other traders trades affect the market ?
No its virtual trading so your trades or the trades of others playing the game wont have any impact on the market price, which comes directly from exchanges
Why do limit trades expire after 24 hours ?
For now we are a small site with limited resources. We charge you nothing to play and we give away some real money! We need to limit our use of resources, and checking many days/weeks/months of limit orders for a match every minute would be expensive.
If the site grows we may be able to change this
Is it really free to enter ?
Yes. There are no strings. We want to build a community of people who love crypto and trading crypto. Maybe you will open an account with an exchange using this site and we will earn a small commission that helps us pay for the prizes.
How does a Portfolio Competition work ?
The portfolio competition looks at the change in the total value of your portfolio over the course of the month. This means your dollars, the current value of your coins, and the value of any open orders you have.
You dont have to make trades for this competition so if you are an avid hodler you can just sit on your coins and hope they come good by the end of the month, or when the competition period ends
How does a Trading Competition work ?
Trading competitions look at the profits you have made on the sell trades you make. Profits are calculated by comparing your sell price to an average cost price of your entire holding for that coin.
Trading competitions typically require you to make a minimum number of trades in the period to qualify and sometimes require a certain number of different coins or only relate to specific coins.
Changes in the value of coins you are hodling do not have any impact on trading competitions
You can see the details at the top of each table
Prizes and Payment
Can I really win real money ?
Yes. While the trades you make are all virtual, if you trade successfully you can win real money!
Of course its much less than the virtual money you are playing with but it is free, so you cant lose, and hopefully you can have fun learning and competing.
Check out the competitions section of the menu where you will see the prizes and the tables. If you finish high enough in the tables then you will win. We have several different categories of competition and you can win every month.
How do I convert my portfolio to real money ?
Hahaha, you wish!
Its virtual money that we give you to play with. if you are successful though and rank high in the competition tables you may be able to win some real money.
Why are the prize values in Dollars and not in Crypto ?
Our bills and income are in dollars and crypto is very volatile so for now we need to use dollars to ensure you don't bankrupt us.
About the Site
How can I help support the site ?
Aww thats sweet of you
Basically there are 2 main ways:
- tell all your online and real world friends about us so we have more visitors
- if you are looking to open an account with a new exchange, click on a link from this site so we will make a commission. It wont impact you at all, but helps us develop the site more, increase prize money, buy Lambos (only joking)