June 2, 2023

Genesis Week 2023 Thrifty Trader

[UPDATE]

Below is the Genesis Week 2023 Thrifty Trader Leaderboard. Remember, all property sales and purchases throughout all of Upland that occur between Monday, June 5th at 9 AM PT and Friday, June 9th at 9 AM PT will qualify for the Thrifty Trader Challenge.

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The Thrifty Trader Challenge is back for Genesis Week 2023! Starting on Monday, June 5th at 9 AM PT, players will compete to climb to the top of the leaderboard by showcasing their trading skills in buying and selling properties across all of Upland. The player who proves to be the thriftiest Uplander will win an entry into the Genesis Week Grand Prize Giveaway for a chance to win the one-of-a-kind, highly exclusive Genesis Totem. Additionally, there will be rewards for all players who place in the top 200 on the leaderboard, including the Genesis '23 Trader Block Explorer, Spark, and UPX!

Efficiency Value

All Uplanders will receive an Efficiency Value to rank their performance during the Upland-Wide Thrifty Trader Challenge. All property sales and purchases throughout all of Upland occurring between Monday, June 5th at 9 AM PT and Friday, June 9th 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. 

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 “Genesis ‘23 Trader” Block Explorer! Check it out! 

The player who reaches the top of the leaderboard with the highest Efficiency Value will win an entry into the Genesis Week Grand Prize Giveaway for a chance to win the one-of-a-kind, highly exclusive “Genesis Totem”! But that's not all. The Top 100 will win UPX, Spark, and the Genesis ‘23 Trader Block Explorer, so there are 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 and the Genesis ‘23 Trader Block Explorer to reward their efforts.

Winning in the Genesis Week 2023 Thrifty Trader Challenge is the only way to acquire this Block Explorer, so don’t miss your shot to grab one of your own. Reward details can be found in the table below.

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.

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!

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