October 06, 2022
Dallas & Arlington Thrifty Trader
[UPDATED 10.7.2022]
What’s better than one Thrifty Trader Challenge? Two Thrifty Trader Challenges! If you’ve heard how everything is bigger in Texas, now you know that’s true in the metaverse too! Starting Friday, October 7 at 9:00 AM PT, players will roll up their sleeves to test their thriftiness by buying low and selling high throughout the week in Dallas and Arlington.
Those who place in the top 200 on the Dallas or Arlington Thrifty Trader Leaderboard will earn the “Dallas Trader” or “Arlington Trader” Block Explorer!
Knowing how the leaderboard grades “Efficiency Value” is key to winning. If you’re new to the Thrifty Trader Challenge, we have all the details right here.
Efficiency Value Details
All Uplanders will receive an Efficiency Value to rank their performance during the Thrifty Trader Challenge. All property sales and purchases in Dallas and Arlington occurring between Friday, October 7 at 9:00 AM PT and Monday, October 10th at 9:00 AM PT will qualify for the Thrifty Trader Challenge.
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
Note: *30 day moving averages only consider days when a trade occurred. Only the previous 30 “trading days” are measured.
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.
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.
Note: Players on both the Sell side and Buy side will be scored for this contest. Properties acquired via swaps will not count.
Rewards
The Thrifty Trader Block Explorer is unique in that they have become a badge of pride proving an Uplander’s elite skills in one of the fundamental activities in Upland: buy, selling, and shilling. The top 200 players with the highest Efficiency Values on the Dallas leaderboard will receive the brand new “Dallas Trader” Block Explorer, while the top 200 on the Arlington leaderboard will win the “Arlington Trader” Block Explorer! Check out the Block Explorers below!
Winning in the Thrifty Trader Challenge is the only way to acquire one of these Block Explorers, so don’t miss your shot to grab one of your own. Rewards from each city’s challenge will be delivered a few days after the end of the challenge.
Reward details can be found in the table below. Please keep in mind that these rewards will be given out separately for Dallas and Arlington challenges. So, there will be 200 winners for Dallas Thrifty Trader, and another 200 winners for Arlington Thrifty Trader.
The Thrifty Trader Leaderboard
Similar to previous Thrifty Trader Challenges, we will implement dynamic leaderboards for Dallas and Arlington Thrifty Trader Challenges. Data should refresh every 30 minutes or so, so Uplanders will be able to get more up-to-date results of their activity and see how they rank against the competition. Check back here a bit after the challenge begins to see where you stand!
Mitigating Fraud
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.
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.
Now, go show your fellow community members how thrifty you can be!