nftperp's Trading Competition Season 2 introduced team mechanics.
Traders will get randomly assigned to one of two teams; team $PEANUT and team $ALMOND.
The team with the higher total PnL will get reward boosts with a multiplier.
Rewards are outlined below:
🥇1st place wins 50,000 $VNFTP 🥈2nd place wins 30,000 $VNFTP 🥉3rd place wins 15,000 $VNFTP 4th to 25th place win 7,500 $VNFTP each 26th to 100th place win 2,000 $VNFTP each 101st to 200th place win 1,000 $VNFTP each
nftperp core team's initial proposal was to give traders on the winning team in the top 200 ranks a 1.5x boost, whereas traders in the top 200 ranks from the LOSING team will get a 0.5x decrease.
Example:
quantumzebra123#3760 and Kent#2895 from the community raised the concern that the multipliers are too aggressive and suggested adjustments on the multiplier to 1.1x/0.9x or 1.2x/0.8x instead.
Ultimately this needs to be a collective decisions from the community so we decided to make a proposal here to kick-start nftperp community governance!