May 03, 2023
London & Birmingham Thrifty Trader Challenges
[UPDATE 5.4.23]
Below are the London and Birmingham Thrifty Trader Leaderboards. Remember, all property sales and purchases in these these two British cities occurring between Thursday, May 4 at 9 AM PT and Monday, May 8 at 9 AM PT will qualify for the Thrifty Trader Challenges.
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If you couldn’t get enough of London and Birmingham, then get ready for two Thrifty Trader Challenges! Starting Thursday, May 4 at 9 AM PT, players will compete to reach the top of each leaderboard by showcasing their trading skills through buying and selling properties in London and Birmingham.
The top 200 players on the London or Birmingham leaderboard will receive the "London Trader" or “Birmingham Trader” Block Explorer, as well as other rewards such as UPX and Spark.
Efficiency Value
All Uplanders will receive an Efficiency Value to rank their performance during the Thrifty Trader Challenge. All property sales and purchases in London and Birmingham occurring between Thursday, May 4 at 9 AM PT and Monday, May 8 at 9 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
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. The top 200 players with the highest Efficiency Values on the London leaderboard will receive the brand new “London Trader” Block Explorer, while the top 200 on the Birmingham leaderboard will win the “Birmingham Trader” Block Explorer!
The players who reach the top of each leaderboard with the highest Efficiency Value will be rewarded with an impressive prize of 250,000 UPX and 0.4 Spark! But that's not all. Even players in the Top 100 on each leaderboard will also win UPX and Spark, so there's plenty of chances to score big. And even if you don't make it into the top rankings, don't worry - those who place 101 to 200 will still receive some UPX to reward their efforts.
Winning in the London and Birmingham Thrifty Trader Challenge is the only way to acquire these Block Explorers, so don’t miss your shot to grab one of your own. Reward 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.
The Thrifty Trader Leaderboard
Similar to previous Thrifty Trader Challenges, we will implement a dynamic leaderboard for the London and Birmingham Thrifty Trader Challenge. Make sure to check back on this post after the challenge begins to see where you stand!
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.
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, it is time to get ready to impress your fellow Uplanders with your savvy spending!