Contesty
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  • Reward formula
  • Example of calculation
  • Experience

Prediction

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Stake your token on potential contest winner and receive rewards

Reward formula

x=a0∗(1+sum(b0+...+bn)/sum(a0+...+an))x = a_0 * (1 + sum(b_0 + ... +b_n) / sum(a_0+...+a_n))x=a0​∗(1+sum(b0​+...+bn​)/sum(a0​+...+an​))

where

a - winners stake
b - loosers stake

Example of calculation

Let's suppose of 2 NFT contest

  • User1 placed 100 CNT for Contestant1

  • User2 placed 150 CNT for Contestant1

  • User3 placed 200 CNT for Contestant1

  • User4 placed 300 CNT for Contestant2

In case of Contestant1 is a winner:

  • User1 will receive 166 (+66.6) [100 * (1 + 300/(100+150+200))]

  • User2 will receive 250 (+100)

  • User3 will receive 333 (+133)

  • User4 will loose his stake and receive 0

Experience

Every time you place a bid - you'll receive +5 XP

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Last updated 2 years ago