TRADING_COMPETITION.md

Casper Shorts Trading Competition

In preparation for the mainnet launch of Casper Shorts, we will hold a trading competition on Casper Testnet.

We're not gonna lay! We want to test Casper Shorts in battle conditions before the mainnet launch. We expect two groups of participants: traders and hackers. Traders will try to make money by trading, while hackers will try to break the system with code. We ecourage both groups to participate. The code is open source, so you can see how it works and try to break it.

TL;DR

Quick facts about the competition:

• Start Date: 2024-07-01 00:00:00 UTC.
• Duration: 30 days.
• Network: casper-test
• Market Contract: hash-0123...cdef
• Price Pool: $1000
• Telegram: Casper Shorts

Competition Rules

1. Will run on the casper-test network.
2. Will start on 2024-06-01 00:00:00 UTC and end on 2024-06-30 23:59:59 UTC.
3. The price pool is $1000.
4. The competition is open and free to everyonee, even Casper Shorts developers.
5. Transfers of stCSPR between accounts will be disabled during the competition, to prevent collusion.
6. Anyone can use the faucet to get the initial 1M of stCSPR tokens.
7. Competitors will be judged by the highest balance of stCSPR at the end of the competition.
8. Prices will be distributed to the top five participants:
   • 1st: $500
   • 2nd: $250
   • 3rd: $150
   • 4th: $75
   • 5th: $25
9. Bad behavior on Telegram channel will result in disqualification.
10. Organizers reserve the (God Mode) rights to update Competition Rules at anytime.

Trading Bots

The best way to win the competition is to write a trading bot. We have prepared an example of one in Rust. It can do tricks already! You can use it as a starting point for more complex strategies.

Faucet

Faucet is done via the faucet() method in the WCSPR contract. You can call it using a trading bot, website or by hand.