1.1 CRYPTO-TRADING PORTFOLIOS
A public portfolio is an individualised listing of crypto assets that belongs to a user in order to display its real performance to other BitKings platform users. Traceability is its main characteristic, implying that the initial portfolio value will vary according to the correspondent trading activity. Users are not able to add or subtract monetary stake in this portfolio.
This sort of portfolio is also public to other users although they refer specifically to inside tournaments and challenges. Therefore, they will be subject under such tournament or challenge ‘requirements and conditions.
BitKings also offers the possibility of creating private portfolios which are confidential, not displayed to all users. Users are able to list different coins in this private portfolio and insert the real price paid when purchasing each coin, implying that traceability is not permitted. For instance, if I purchased XRP at $0.5 two years ago, this information will be held in my private portfolio.
Imported Private Portfolios
BitKings offers the possibility to import or obtain your real balances listed in real exchanges such as Binance, Bittrex, Bitstamp and so on. These balances will be represented in this third Imported Private Portfolio although they are mergeable with the user’s current private portfolio.
Global Bitkings Ranking
The objective of this ranking is to list the most valuable users, the ones with greater number of points obtained from the following:
- Performance ranking
- Social Ranking
- Extra Points
Users will be assessed according to their social engagement in terms of likes, comments, views, posts and other community activities for which social points will be distributed.
Users will be assessed according to their public portfolio performance although points obtained from tournaments and challenges will also be taken into consideration.
Tournaments are competitive events where users will be given a series of trading conditions such as initial capital, availability of assets, distribution terms and time duration etc. which may take place weekly, monthly or yearly. Users not only be gifted with points but will also be able to earn a monetary prize.
1.4 ACTIVITY CENTRE
Activity Centre is the space where social interactions take place, for instance, article publications, illustrations, charts, video and trading ideas which will all include a comment section. This section enables users to socially engage with others by commenting, sharing, liking and debating over trading topics. Reminder: social points will be given according to the level of social engagement in this Activity Centre.
2. PORTFOLIO METRICS
2.1 PORTFOLIO BALANCE
The portfolio balance is the current picture of a user’s distribution of coins, aiming to show the proportional value of each coin over a total value of 100%.
Performance tracks the evolution in terms of assets as well as individual portfolios.
2.3 AVG. TRADES/W
This term represents the number of trades the user has executed in one week,
Liquidity can be interpreted as the easiness a coin has of becoming liquid, in other words, becoming sellable in terms of main assets such as Bitcoin or FIAT. This value is represented in percentage terms.
Volatility aims to measure the risk of a tokenised assed or portfolio that describes the average width of its movements over time. The following formula applies:
2.6 SHARPE RATIO
The ratio is defined as the average return earned in excess of the risk-free rate per unit of volatility or total risk. In short, the greater the value of the Sharpe ratio is, the more attractive will be the risk-adjusted return to the investor as subtracting the risk-free rate from the mean will allow a better isolation of the profits associated to such assets.
The Sharpe ratio has become the most widely used method for calculating risk-adjusted return. Traditionally is calculated as Return of portfolio – Risk-Free rate divided by the standard deviation of portfolio’s excess return.
Since these traditional terms are not fully applicable in crypto-trading world, we have set the return of portfolio as the total performance of each portfolio balance. The following formula applies:
Given the listed cryptocurrencies in our platform, the position is the location of such assets in the given list. Related to this, assets can be listed according to market cap, volume, performance etc.
Price equals the value of one crypto unit at present.
Volume equals the total exchanged value of each coin. This indicator can be filtered out daily and weekly.
3.4 MARKET CAP
This metrics represent the total value of an asset and it is obtained by multiplying its current price by its circulating supply.
3.5 CIRCULATING SUPPLY
The individual totality of issued coins/tokens since their conception.
3.6 TOTAL SUPPLY
The maximum agreed amount of a coin/token to be issued over time.
Volatility aims to measure the risk of a tokenised assed that describes the average width of its movements over time. The following formula applies: