[6.7.2022 UPDATE]
The Thrifty Trader Challenge is now underway! Check your activity by searching for your Upland Username in the leaderboard below. The leaderboard updates hourly so check back periodically to see your score.
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The Thrifty Trader Challenge is back for Genesis Week and better than ever! Starting Tuesday, June 7th, 2022 at 10:00 AM PT, you can show everyone how thrifty you are by selling and buying properties throughout Genesis Week. The scoring system has been tweaked and a new, more dynamic leaderboard has been developed. The thriftiest Uplander will win an entry into the Genesis Week Grand Prize Giveaway for a chance to win the one-of-a-kind MV Motors Series 1 Genesis Trim! Naturally, all players who place in the top 200 on the leaderboard earn the Genesis Trader Block Explorer!
All Uplanders will receive an Efficiency Value to rank their performance during the Thrifty Trader Challenge. All property sales in Upland occurring between Tuesday, June 7th, 2022 at 10:00 AM PT and Friday, June 10th, 2022 at 10:00 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:
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 influence 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.
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 4 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.
Trading 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 player 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 MV Motors Series 1 Genesis Trim! Additionally, the top 200 players with the highest Efficiency Values will receive the brand new “Genesis Trader” Block Explorer alongside some UPX! 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. Finally, players who place in the Top 100 will also win Spark as a reward! Details below.
Similar to the Hidden Gems: Chicago Challenge, we will implement a dynamic leaderboard for the Thrifty Trader Challenge. Data should refresh every 30 mins 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!
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, go show your fellow community members how Thrifty you can be!
