Crypto Wars

“Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0.” - Gil Penchina

Ever wondered what this crypto hype is all about, what trading cryptocurrencies feel like?

Don't worry the time is now, E-Cell IIIT Naya Raipur is here to provide you with an opportunity to experience the thrill!

Presenting you ‘Crypto Wars,’ a fun virtual crypto trading event for all the cryptocurrency enthusiasts! 

A 3-day long virtual crypto trading competition. Each participant will be given virtual money through which they can trade crypto. Whoever tops the leaderboard with maximum profits at the end of the 3rd day wins. Participate in this event and trade Cryptocurrencies in real-time using virtual money. There are no prerequisites, and the competition is open and free for everyone.

Platform: StockGro

Competition Rules:

1. Starting Portfolio: As a default, each participant begins with a mock INR 10,00,000 worth of paper money available in their virtual portfolio (Note that it is not real INR, there is no actual financial transaction in the app).
2. Participants will be able to start trading according to real-time market prices with the default INR 10,00,000 paper money.
3. Trade Action: Participants can enter any number of trades to mock buy and sell cryptocurrencies.
4. To mirror real-life cryptocurrency trading, participants can choose between 2 types of trades when buying or selling a cryptocurrency.
5. Market Order: Refers to the execution of the trade immediately with the current market price. Each market order will charge a virtual commission fee of 0.016%.
6. Limit Order: Refers to the execution of the trade at a specified price set by the participant. Each limit order will charge a virtual commission fee of 0.012%.

Leaderboard:

• The participants will be ranked according to the overall portfolio return rate during the length of the competition period.
• For example, if a participant starts off with INR 10,00,000 paper money and ends up with INR 11,00,000 paper money in the portfolio, the portfolio return rate is 10% [((11,00,000 - 10,00,000)/10,00,000) * 100  = 10%].
• Each competition will display an internal leaderboard that is updated in real-time.