Upland
Buenos Aires Thrifty Trader

January 25, 2023

Buenos Aires Thrifty Trader

[UPDATE 1.26.23}

Below is the Buenos Aires Thrifty Trader Leaderboard. Remember, all property sales and purchases in Buenos Aires occurring between Thursday, January 26 at 9:00 AM PT and Sunday, January 29 at 9:00 AM PT will qualify for the Thrifty Trader Challenge.

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Get ready Buenos Aires, the Thrifty Trader Challenge has arrived, and it’s time to hit the streets and get thrifty! Starting Thursday, January 26 at 9:00 AM PT, players will compete to be the “thriftiest” player on the leaderboard by selling and buying properties in Buenos Aires. UPX and Spark are going to top players, as well as the “Buenos Aires Trader” Block Explorer for the top 200 players on the leaderboard! 

Efficiency Value

All Uplanders will receive an Efficiency Value to rank their performance during the Thrifty Trader Challenge. All property sales and purchases in Buenos Aires occurring between Thursday, January 26 at 9:00 AM PT and Sunday, January 29 at 9:00 AM PT will qualify for the Thrifty Trader Challenge. 

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Each Uplander’s Efficiency Value is a composite of their performance relative to others on a few core metrics: 

  • Relative Profit Score - Calculates the relative value between the sale price and the 30-day* moving average of sales prices in that property’s neighborhood 
  • Relative Purchase Score - Calculates the relative value between the purchase price and the 30-day* moving average of sales prices in that property’s neighborhood 
  • Trading Volume -  Volume of trades executed during the weekend 
  • Trading Diversity - Number of unique players the seller has traded with 

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Note: *30-day moving averages only consider days when a trade occurred. Only the previous 30 “trading days” are measured. 

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Each one of these metrics influences Efficiency Value for the duration of the contest. This value is a weighted function of these three metrics, with 30% of the score derived from the Relative Profit Margin, 30% from Relative Purchase Value,  20% from Trading Volume, and 20% from Trading Diversity. 

Percentile-Based Scoring

Additionally, since scoring is now based on performance relative to others (in essence, percentile rank on each metric), Efficiency Values may change at the end of the challenge if players are banned and removed from the challenge due to fraudulent activity. Trading activity will be reviewed at the conclusion of the challenge; we will announce when the leaderboard is finalized.

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Only Uplanders who have a strong performance in all four categories will top the leaderboard. The goal of this competition is to reward Uplanders who are savvy marketplace traders, regardless of their Upland status. All Uplanders, large and small, have a realistic chance to win.

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Note: Players on both the Sell-side and Buy-side will be scored for this contest. Properties acquired via swaps will not count. 

Rewards

Acquiring properties is one of the fundamental activities in the Upland metaverse, so we wanted to make sure there’s plenty of opportunity to win a lucrative prize. Everyone in the Top 200 receives the brand new “Buenos Aires Trader” Block Explorer! Check it out! 

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The player with the highest Efficiency Value will win 250,000 UPX and 0.4 Spark! Those who crack the Top 100 will also win UPX and Spark. And those who place 101 to 200 will receive some UPX! 

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Winning in the Thrifty Trader Challenge is the only way to acquire this Block Explorer, so don’t miss your shot to grab one of your own. Prize details can be found in the table below.

Note: Rewards from the Thrifty Trader Challenge will be delivered a few days after the end of the challenge.

Mitigating Fraud

It’s to be expected that some players will attempt to take advantage of this type of competition to push themselves up the leaderboard. Be advised that we will be monitoring player activity very carefully. Any players suspected of fraudulent behavior will be subject to review by our data team. Offenders will be disqualified from the competition.

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Please take note that this contest is still a work in progress, and we’ll be carefully monitoring the results to improve the competition in the future.

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Now, it is time to get ready to impress your fellow Uplanders with your savvy spending!

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