A crypto trading leaderboard takes what would normally be a private trading session and makes it public by allowing every trader to be ranked based on performance which makes it possible to see how traders rank relative to one another. The question of "who is ahead?" has a very precise answer as behind every row of information is a certain number that establishes a score, a refresh cadence as well as a set of rules regarding how to break ties when two competing traders appear the same at first look. This guide explains how the system works, including how the scoring occurs, what input is utilized, and why the score changes once a trade is completed in its entirety. On BuyCrypt, you're entering into a skill-based contest on a fictitious balance rather than being provided investment advice or guarantees regarding profit potential.
The meaning of a leaderboard depends upon the number that is utilized as the basis for sorting the rows of data out. In terms of a trading leaderboard competition that number is the score a trader has received after calculating how much their capital has increased or decreased from the time of the tournament --- starting with the same fictitious balance. The leaderboard defines skill rather than capital available to a trader.
The scores that are most commonly utilized to rank competers are PnL, ROI, and PMC. PnL is the gain or loss figure related to the trades made by the trader; ROI represents that number as a percentage thus allowing for fairness as the comparison can be produced properly; PMC refers to the change in position movement.
Ranking means sorting data. The system calculates the score using trading history data, orders the individual scores from the best to worst, and assigns a rank from one to infinity. The essence of the ranking process is that the score is updated real-time; in case of a close of some winning position, traders can be overtaken by others that fall into the leaderboard when the number of successful trades decreases.
This means that all entries, closes, and price updates are included in the calculations and can lead to the score changing right away. The metric used for calculating scores is specified beforehand and communicated to traders prior to participating in the tournament.
The real-time leaderboard is an event-driven leaderboard. The system constantly receives new events and updates scores accordingly, thus ensuring that the leaderboard reflects the current information available to all participants based on the activity among other individuals competing.
Within every week there is about 54 different tournaments and hundreds of positions changes made by competitors. Based on that number there could be multi-score updates thanks to positive activity at the end of the tournament. That is why the take-away is that in the beginning of the tournament, do not treat an early position as final.
Ties on the board typically occur because of the clustering of skilled traders in some places, thus there are certain methods of resolving that. Whenever there is a tie between two participants, secondary rules are applied (known as tie-breakers) in order to create an unambiguous ordering of contestants. Tie-breakers depend on the metric used in a respective contest.
There are tournaments being run where no deposit is required during free tournaments which payout real profits to winning participants; in practice, that means that even if you did not manage to reach some particular place on the board you could still get your share of money.
There are already significantly big statistics in terms of paying and issuing accounts; however, regardless of what is the current information the discipline remains the same – ranking takes place with fictitious balance and there are no guarantees.
You earn points towards your rank on the crypto trading leaderboard because positions open directly in the market. Thus, in the case that asset prices go against your positions, then your points can drop while you’re inactive and other players profit and push ahead of you in terms of rank.
Top finishers get to make real USDT profits while good leaderboard rank would also enable someone to get funded accounts. So far, there’ve been $384K that has been paid out, 127 funded accounts offered and 48 completed tournaments. All the numbers on this are certified and can be checked in detail on-chain; however, remember that this is a skill-based simulation, with no money guaranteed at the end.
