Jul 14, 2022

Frontrunner PRESEASON Trading Competition Series is Here

UPDATE 9/16/22

Preseason v1 has now ended. Thanks to everyone who participated!

The Trading Competition Series is now open to all, no invite needed. The stakes are even higher with nearly $1,600 in weekly prizes! Go sign up at getfrontrunner.com to get started!

Frontrunner launched its first markets on Injective testnet July 20th at 1:30 PM EDT. These markets kickoff the first-ever Trading Competition Series: a slate of 12 week-long Blitz trading competitions with nearly $20,000 USDC in total prizes. The first 3 Blitzes will be closed access, and our earliest community members will have an exclusive shot to win over $3,500 from the pot.

What's a Blitz?

A Blitz is a week-long trading competition where Frontrunner traders compete in two separate categories: highest ROI and highest trading volume. The top 5 traders by ROI at the end of the Blitz and the top 3 traders by daily trading volume win prizes. ~~Blitzes begin and end each Wednesday at 5 AM EDT.~~ Starting with Blitz #5, Blitzes will begin and end each Friday at 5 AM EDT.

Directions

Connect your Metamask wallet. We'll send you $10,000 USDC (testnet) to help you get started when you first connect your wallet. Transfer the funds to your trading account, and that's it!

If you run out of funds, get more at the Injective faucet: Link.

Start trading in any of the available markets. You will be ranked amongst all traders based on ROI and trading volume separately. The top 5 traders by ROI weekly, and the top 3 traders by trading volume daily will receive rewards** (see below). You can view your ranking as well as the top 10 traders in both categories in the Leaderboard section of the website.

For more in-depth instructions on getting started, check out our walkthrough: Link.

For support, feedback, and the most up-to-date future updates, join our Discord.

Open Access: Blitz 4-6 Rewards (Ended)

All prizes (including for daily trading volume winners) will be distributed when the Blitz ends.

Overall ROI

\begin{equation}ROI = \frac{\text{ Current Portfolio Value } - \text{ Starting Portfolio Value }}{\text{ Total Amount Risked }} \times \text{100%} \end{equation}

Most Trades

In order to best equalize differences in starting account balance (we airdrop $10,000 USDT, but many users will request more through the faucet or have more to begin with), we are defining Trading Volume as # of matched orders instead of the typical # of shares transacted.

Closed Access: Blitz 1-3 Rewards (Ended)

All prizes (including for daily trading volume winners) will be distributed when the Blitz ends.

Overall ROI

\begin{equation}ROI = \frac{\text{ Current Portfolio Value } - \text{ Starting Portfolio Value }}{\text{ Total Amount Risked }} \times \text{100%} \end{equation}

Highest ROI rewards for each Blitz during closed access

Most Trades

Highest trading volume rewards daily during closed access

** Must make at least 10 trades to be eligible for prizes. Prizes are at the discretion of the company. Winners must meet eligibility requirements. Void where prohibited by law.

Leaderboard

The leaderboard is live! Now you can see exactly how you stack up to other traders.

Rules

The following behaviors are not permitted and will result in disqualification from the Blitz:

Wash trading and collusion (including using multiple accounts)
Intentional or willful conduct designed to manipulate the market by controlling or artificially affecting market prices
Using a significant capital advantage to dominate the market and commandeer market prices
Excessive trading patterns that do not follow the expected free forces of supply and demand

Last updated September 16, 2 PM EDT

About Frontrunner

Frontrunner is a decentralized sports prediction market where users can buy shares of sports propositions and trade them like they would stocks. Unlike traditional sportsbooks where users place a bet and wait, Frontrunner gives users full control over their portfolios, allowing them to dynamically buy and sell positions as the odds change. By leveraging the power of free markets and the blockchain, we create transparent markets and liquid positions to reduce counterparty risk and fundamentally change the way that people invest in their sports knowledge and beliefs.