An Important Update on the ChilizX September Festival: Clarifying Metrics and Correcting Data

Hello Chilizens,

 

We are now on the sixth day of the September Festival, and incredibly grateful for your enthusiasm so far! However, we recently discovered some inaccuracies in the daily points data regarding total volumes. We apologize for this oversight and assure you that we have thoroughly reviewed and corrected the data.

 

We understand that it is disappointing to hear about these discrepancies. Still, our team has been working diligently to ensure that the daily points updates will be accurate moving forward. We will present the new rankings with the updated daily points. Please note there could be changes in the rankings today, compared to the previous period. We appreciate your patience and understanding and are committed to making this a fair and transparent event for everyone.

 

Leaderboard rankings:

Rank CHZ UID Daily Point
1. 788469xxx080576 42,561.06
2. 718083xxx407424 31,065.66
3. 646639xxx313920 26,810.27
4. 787227xxx070528 19,737.42
5. 818184xxx674496 17,431.97
6. 865971xxx487360 7,834.32
7. 930581xxx501888 4,712.42
8. 101251xxx993344 2,669.31
9. 149298xxx863168 2,066.36
10. 885244xxx468928 1,970.44
11. 128635xxx130240 1,805.48
12. 797906xxx926336 1,661.03
13. 898708xxx555904 1,457.12
14. 602162xxx707264 1,408.36
15. 636872xxx708096 1,393.99
16. 899409xxx677824 1,352.99
17. 621416xxx747776 928.75
18. 105953xxx319872 908.26
19. 818896xxx093248 906.39
20. 545820xxx946240 710.75
21. 874559xxx329280 594.8
22. 786428xxx083328 591.25
23. 720522xxx526784 403.5
24. 787537xxx066560 372.42
25. 942745xxx150080 333.88
26. 892262xxx185472 266.71
27. 124510xxx868480 208
28. 118190xxx329536 184.31
29. 101102xxx284096 183.12
30. 149512xxx084352 175.69

 

Promotional Period:

Start date: September 1st, 11:00 am CEST

End date: September 30th, 23:59 pm CEST

 

Terms and conditions apply.

 

How the Scoring Works

It's crucial to revisit how the scoring system works to ensure everyone knows how to participate most effectively.

 

Daily Point: Your score is calculated based on factors like 24-hour trading volume in CHZ, the number of asset pairs you've traded, and how many consecutive days you’ve been trading. The formula is:

 

Score = ((Total 24-hour trading volume in CHZ) * (1 + (Number of Asset Pairs Traded - 1)/10) * (Number of Days Traded Consecutively)) / 10,000

 

The Importance of Metrics

The campaign employs a scoring system that revolves around ten key metrics. These metrics range from the number of asset pairs you trade to the total volume of your trades in CHZ and USDT. Understanding these metrics is crucial for maximizing your score and rewards. So let's get started!

 

  1. Number of Asset Pairs:
    1. This represents the total number of unique asset pairs you've traded, including FAN TOKENS and CRYPTO.
  2. Consecutive Days
    1. This metric counts the consecutive days you have traded on the platform.
  3. Total 24-hour Trading Volume in $CHZ
    1. This is the sum of your Total Volume in $CHZ for each 24 hours, from 00:00 UTC until 23:59:59 UTC.
  4. Daily Point
    1. Your daily score is calculated using the specific formula
  5. Cumulative Daily Point
    1. This is the summation of all your Daily Points.



Practical Examples

To give you a clearer understanding, let's go through some examples:

 

  1. Total Trade Pair: If you buy 1 INTER token with CHZ and sell 1 INTER token for CHZ, this will count as one trade pair.

 

  1. Total Trade Count and Total Volume: You trade once and buy 10 INTER TOKENS. In this scenario, your Total Trade Count is 1, and your Total Volume is 10.

 

  1. Special Volume Case: If you buy and sell 100 INTER TOKENS in a single trade, this will count as 100, not 200, for your Total Volume.

 

  1. Total Volume in USDT and CHZ: If you buy 100 INTER TOKENS, your Total Volume in USDT would be calculated as 100 * USDT rate, and in CHZ it would be 100 * CHZ rate.

 

  1. Consecutive Days: If you trade from September 1st to September 4th, September 4th will be your 4th consecutive trading day.

 

We hope this guide provides you with all the information you need to engage effectively in the ChilizX September Festival. Happy trading, and may the best traders win!

 

Disclaimer

 

Chiliz Tokens and Fan Tokens are not and shall not be construed as investment or financial products. They are a form of cryptoasset. Please note that when it comes to crypto assets (a) the value is variable and can go down as well as up; (b) these are unregulated in most countries; and (c) tax may be payable by you on any profits made on their sale. You should carefully consider buying or selling cryptoassets as it entails risks and could result in a complete loss of funds. They are not suitable for those under-18.

 

Fan Tokens can be used on Socios.com, a blockchain-based fan engagement platform that connects sports fans with their favorite teams and players. The purchased Fan Tokens give them exclusive voting rights on club decisions, VIP experiences, and rewards. By joining Socios.com, sports fans can get closer to their favorite teams and players and have a say in the decisions that affect them.

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