BitShares DEX MM/trading contest start on 25th Oct / BitShares DEX做市交易大赛（挂单挖矿）10月25号开始

in #bitshares • 4 years ago (edited)

Put up orders in the BitShares DEX to earn 60,000 BTS every day!

The market making contest will start on 25th Oct. 2019.

More details are here: https://bitsharestalk.org/index.php?topic=31515.0

Rewards

Up to 60,000 BTS every day. Funding by the committee.

Start Date

2019-10-25 0:00:00 UTC
End date not yet decided.

Markets (base asset / quote asset)

Starting from 2020-01-12

BTS / [gateways].BTC
BTS / [gateways].USDT
BTS / [gateways].ETH
BTS / [gateways].EOS
(daily reward 7,500 BTS each market group since 2020-01-27, 10,000 BTS till 2020-01-26)

[gateways].BTC / bitAssets
[gateways].ETH / bitAssets
[gateways].EOS / bitAssets
[gateways].USDT / bitAssets
(daily reward 7,500 BTS each market group since 2020-01-27, 5,000 BTS till 2020-01-26)

2019-12-17 ~ 2020-01-11

BTS / [gateways].BTC
BTS / [gateways].USDT
BTS / [gateways].ETH
BTS / [gateways].EOS
(daily reward 15,000 BTS each)

2019-10-25 ~ 2019-12-16

BTS / [gateways].BTC
BTS / [gateways].USDT
(daily reward 30,000 BTS each)

BitAssets

The chosen bitAssets are:

  • bitCNY
  • bitUSD
  • bitEUR
  • bitRUBLE

Gateways

Every gateway needs to prove that its gateway assets are fully backed by real assets.
(The lists below will be updated from time to time as the contest progresses)
RUDEX.BTC https://audit.rudex.org/
GDEX.BTC https://www.gdex.io/noticeAssets
XBTSX.BTC https://xbts.io/audit (Added on 2019-12-06)

GDEX.USDT https://www.gdex.io/noticeAssets
RUDEX.USDT https://audit.rudex.org/ (Added on 2019-12-06)
XBTSX.USDT https://xbts.io/audit (Added on 2019-12-15)

RUDEX.ETH https://audit.rudex.org/ (Added on 2019-12-17)
GDEX.ETH https://www.gdex.io/noticeAssets (Added on 2019-12-17)
XBTSX.ETH https://xbts.io/audit (Added on 2019-12-17)

RUDEX.EOS https://audit.rudex.org/ (Added on 2019-12-17)
GDEX.EOS https://www.gdex.io/noticeAssets (Added on 2020-01-04)

Rules

Brief

Market makers place orders onto the order book.
The bigger the orders and
the closer the orders to the opposite side of the order book and
the longer the orders lasting on the order book,
the more rewards the owner of the orders will earn.

Details

After each block is produced, a snapshot of the order book will be captured. Every order on the markets will be scored.

The orders whose size is smaller than "minimum valid order size" will be ignored when calculating.

Get the lowest ask price (LAP) and highest bid price (HBP) of the remaining order book.
For bids (orders buying base asset), order_distance = (LAP - order_price) / LAP
For asks (orders selling base asset), order_distance = (order_price - HBP) / order_price

Group 1: orders whose order_distance is within [0%, 1%] will share up to 53% of total reward;
Group 2: orders whose order_distance is within (1%, 2%] will share up to 25% of total reward;
Group 3: orders whose order_distance is within (2%, 3%] will share up to 12% of total reward;
Group 4: orders whose order_distance is within (3%, 5%] will share up to 6% of total reward;
Group 5: orders whose order_distance is within (5%, 7%] will share up to 3% of total reward;
Group 6: orders whose order_distance is within (7%, 10%] will share up to 1% of total reward.

For each order group, group_score = group_reward_percent * min(1, total_order_size / group_target_depth).

For each order within an order group,
order_weight = order_size * ( 1 + (group_upper_bound - order_distance) / (group_upper_bound - group_lower_bound) )
order_score = group_score * order_weight / sum(order_weight)

For each day,
for each market group,
daily_bids_reward = max_reward_this_market * bids_reward_percent * sum(bids_group_score) / total_blocks_produced_in_that_day
daily_asks_reward = max_reward_this_market * asks_reward_percent * sum(asks_group_score) / total_blocks_produced_in_that_day

For traders,
account_bids_reward = daily_bids_reward * sum(bids_order_score) / sum(bids_group_score)
account_asks_reward = daily_asks_reward * sum(asks_order_score) / sum(asks_group_score)
account_daily_reward = account_bids_reward + account_asks_reward

Parameters

  • BTS markets
    BTS / [gateways].BTC
    BTS / [gateways].USDT
    BTS / [gateways].ETH (starting from 2019-12-17)
    BTS / [gateways].EOS (starting from 2019-12-17)

    • daily reward
      Initially up to 30,000 BTS for each market group.
      Starting from 2019-12-17, up to 15,000 BTS for each market group.
      Starting from 2020-01-12, up to 10,000 BTS for each market group.
      Starting from 2020-01-27, up to 7,500 BTS for each market group.

    • buyer:seller reward ratio
      Initially, for each market group, 98% of total reward will go to BTS buyers and the rest will go to BTS sellers.
      Starting from 2019-11-17, buyer:seller reward ratio adjusted from 98:2 to 90:10.
      Starting from 2019-11-30, buyer:seller reward ratio adjusted from 90:10 to 70:30.

    • target depth of each order group 1,000,000 BTS,

    • minimum valid order size 100 BTS.

  • [gateways].BTC / bitAssets (starting from 2020-01-12)

    • daily reward
      initially 5,000 BTS,
      starting from 2020-01-27, adjusted to 7,500 BTS
    • buyer:seller reward ratio 50:50,
    • target depth of each order group
      initially 4 BTC,
      starting from 2020-01-27, adjusted to 2 BTC
    • minimum valid order size 0.001 BTC

  • [gateways].ETH / bitAssets (starting from 2020-01-12)

    • daily reward
      initially 5,000 BTS,
      starting from 2020-01-27, adjusted to 7,500 BTS
    • buyer:seller reward ratio 50:50,
    • target depth of each order group
      initially 200 ETH,
      starting from 2020-01-27, adjusted to 100 ETH
    • minimum valid order size 0.05 ETH

  • [gateways].EOS / bitAssets (starting from 2020-01-12)

    • daily reward
      initially 5,000 BTS,
      starting from 2020-01-27, adjusted to 7,500 BTS
    • buyer:seller reward ratio 50:50,
    • target depth of each order group
      initially 10,000 EOS,
      starting from 2020-01-27, adjusted to 5,000 EOS
    • minimum valid order size 2 EOS

  • [gateways].USDT / bitAssets (starting from 2020-01-12)

    • daily reward
      initially 5,000 BTS,
      starting from 2020-01-27, adjusted to 7,500 BTS
    • buyer:seller reward ratio 50:50,
    • target depth of each order group
      initially 50,000 USDT,
      starting from 2020-01-27, adjusted to 25,000 USDT
    • minimum valid order size 10 USDT

Reward Data (BitShares Mainnet)

https://bitsharestalk.org/index.php?topic=31515.0

Can also check blockchain explorers or web wallets:
https://bts.ai/details/account/committee-trade
https://cryptofresh.com/u/committee-trade
https://wallet.bitshares.org/#/account/committee-trade

Misc

The BitShares committee has the right to update the rules as the contest progresses. Updates will be announced in advance.

Links

时间
2019年10月25号 北京时间早上 8 点整开始。结束时间待定

奖励
每天奖励上限 6 万 BTS。

奖励资金来源
理事会账户现有资金 。

交易对

（从2020年1月12日开始）

BTS/[各网关].BTC
BTS/[各网关].USDT
BTS/[各网关].ETH
BTS/[各网关].EOS
其中，
截至2020年1月26日，每交易对组 10000 BTS 奖励；
从2020年1月27日开始，每交易对组 7500 BTS 奖励。

[各网关].BTC / bit[各法币]
[各网关].ETH / bit[各法币]
[各网关].EOS / bit[各法币]
[各网关].USDT / bit[各法币]
其中，
有效 bitAsset 包含 bitCNY bitUSD bitEUR bitRUBLE ；
截至2020年1月26日，每交易对组 5000 BTS 奖励；
从2020年1月27日开始，每交易对组 7500 BTS 奖励。

（从2019年12月17日到2020年1月11日）

BTS/[各网关].BTC
BTS/[各网关].USDT
BTS/[各网关].ETH
BTS/[各网关].EOS
其中， 每交易对各 15000 BTS 奖励。

（从2019年10月25日到2019年12月16日）

BTS/[各网关].BTC
BTS/[各网关].USDT
其中， BTS/BTC 和 BTS/USDT 交易对各 30000 BTS 奖励。

对网关有两点基本要求：
1.保证充提，如果出现技术问题快速响应解决；
2.提供资产证明，确认没有发假币。

目前报名并有资产证明的网关资产有：
RUDEX.BTC https://audit.rudex.org/
GDEX.BTC https://www.gdex.io/noticeAssets
XBTSX.BTC https://xbts.io/audit （2019年12月6日加入）

GDEX.USDT https://www.gdex.io/noticeAssets
RUDEX.USDT https://audit.rudex.org/ （2019年12月6日加入）
XBTSX.USDT https://xbts.io/audit （2019年12月15日加入）

RUDEX.ETH https://audit.rudex.org/ （2019年12月17日加入）
GDEX.ETH https://www.gdex.io/noticeAssets （2019年12月17日加入）
XBTSX.ETH https://xbts.io/audit （2019年12月17日加入）

RUDEX.EOS https://audit.rudex.org/ （2019年12月17日加入）
GDEX.EOS https://www.gdex.io/noticeAssets （2020年1月4日加入）

规则

  1. 简单来说，就是挂买单有奖。如果买单成交，后果自负。参与者自控风险。
  2. 原则：鼓励挂单、鼓励缩小买卖盘口挂单差价、鼓励大资金参与、不鼓励刷成交量，争取形成长效机制
  3. 参与者自筹做市资金，实盘操作，自负盈亏，靠实力说话；资金量不限
    2.1 越大资金挂单，奖励越高；
    2.2 价格离对面盘口越近，奖励越高；
    2.3 挂单持续时间越长，奖励越高。
    注：只统计当前挂单，不统计成交量。

细则

  • 单笔金额不小于最小有效金额的挂单视为有效挂单，低于最小有效金额的挂单不参与深度计算、奖励计算

  • 按照当前挂单到对方盘面最近的“有效挂单”的距离，计算深度。
    距离 = 【绝对值（本单价格 - 对方挂单价）】/ 【最大值（对方挂单价格，本单价格）】
    挂单深度分档 / 基准奖励比例

    • 距离 1% 及以内的挂单分享最多 53% 的奖励
    • 距离 2% 及以内的挂单分享最多 25% 的奖励
    • 距离 3% 及以内的挂单分享最多 12% 的奖励
    • 距离 5% 及以内的挂单分享最多 6% 的奖励
    • 距离 7% 及以内的挂单分享最多 3% 的奖励
    • 距离 10% 及以内的挂单分享最多 1% 的奖励

  • 每一档内，
    如果合计深度达不到目标深度，奖励额 = 基准奖励 * 实际深度 / 目标深度
    （也就是说，如果深度不足，奖励按比例减少）
    如果合计深度达到目标深度，奖励额 = 基准奖励（也就是说封顶，超过不多奖）

  • 档内奖励分配
    每档内部挂单，按挂单价格离档位边界的距离计算权重，
    权重系数 = 1 + （档位上边界 - 挂单价格）/（档位上边界 - 档位下边界）
    各挂单按（挂单金额*权重系数）汇总，加权平均，得出各挂单实际奖励金额。

  • 每天统计发奖。统计周期为格林尼治时间 0 点到 24 点（北京时间8点到次日8点）。
    发奖数据在英文贴 https://bitsharestalk.org/index.php?topic=31515.0
    也可以查 committee-trade 的转账记录。

参数

  • BTS 交易对
    BTS/[各网关].BTC
    BTS/[各网关].USDT
    BTS/[各网关].ETH （2019年12月17日开始）
    BTS/[各网关].EOS （2019年12月17日开始）

    • 每日奖励金额
      初始值每交易对 30000 BTS
      2019年12月17日开始，每交易对 15000 BTS
      2020年1月12日开始，每交易对 10000 BTS
      2020年1月27日开始，每交易对 7500 BTS
    • 买卖盘奖励比例
      为防止恶意压盘，买盘奖励比例大于卖盘，初始比例 买盘:卖盘 = 98:2 。
      2019年11月17日开始买卖盘奖励比例由98:2调整为90:10
      2019年11月30日开始买卖盘奖励比例由90:10调整为70:30
    • 每档目标深度 100 万 BTS
    • 最小有效单 100 BTS

  • [各网关].BTC / bit[各法币] （2020年1月12日开始）
    初始参数每天奖励 5000 BTS，买卖盘奖励比例 50:50，每档目标深度 4 BTC ，最小有效单 0.001 BTC
    2020年1月27日开始，每天奖励 7500 BTS，买卖盘奖励比例 50:50，每档目标深度 2 BTC ，最小有效单 0.001 BTC

  • [各网关].ETH / bit[各法币]（2020年1月12日开始）
    初始参数每天奖励 5000 BTS，买卖盘奖励比例 50:50，每档目标深度 200 ETH ，最小有效单 0.05 ETH
    2020年1月27日开始，每天奖励 7500 BTS，买卖盘奖励比例 50:50，每档目标深度 100 ETH ，最小有效单 0.05 ETH

  • [各网关].EOS / bit[各法币] （2020年1月12日开始）
    初始参数每天奖励 5000 BTS，买卖盘奖励比例 50:50，每档目标深度 10000 EOS ，最小有效单 2 EOS
    2020年1月27日开始，每天奖励 7500 BTS，买卖盘奖励比例 50:50，每档目标深度 5000 EOS ，最小有效单 2 EOS

  • [各网关].USDT / bit[各法币] （2020年1月12日开始）
    初始参数每天奖励 5000 BTS，买卖盘奖励比例 50:50，每档目标深度 50000 USDT ，最小有效单 10 USDT
    2020年1月27日开始，每天奖励 7500 BTS，买卖盘奖励比例 50:50，每档目标深度 25000 USDT ，最小有效单 10 USDT

理事会有权根据大赛进展情况调整规则。

链接

#market-making #trading #contest
4 years ago in #bitshares by
$26.82
  • Past Payouts $26.82
  • - Author $14.49
  • - Curators $12.33
130 votes
Reply 11
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    • [-]
     4 years ago  

    大赛进行了三个星期，参与者逐渐增多，昨天的奖励已经超过 3 万 BTS 了。

    市场买盘深度不错。

    $0.01
    • Past Payouts $0.01
    • - Author $0.01
    • - Curators $0.00
    1 vote
    Reply
    [-]
     4 years ago  

    2019-11-14 Total Reward 41764.38346 BTS

    $0.00
      Reply
      [-]
       4 years ago  

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      [-]
       4 years ago  

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        [-]
         4 years ago  

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          [-]
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