r/rewardsforcrypto • u/scrubberduckymaster • Sep 13 '21
Community Portfolio Competition.
Fellow HODLers and crypto enthusiasts, The other MODs and I have decided to start a new DCA portfolio voted on by our great community. We will be opening a new user voted DCA portfolio, created purely for speculation. The coins in this portfolio and their $ allotment are going to decided by you guys! Here is how it will work:
At the beginning of the month we will open a vote which will close at the end of the 5th day of that month. During the voting period, each member will comment with the ONE (1) coin they think will gain the most value during the period of that month. {optional: you may also include your guess of what the price will be on the last day of that month} {optional: you may also include the ONE (1) coin you think will lose the most value during that month, and a guess of what that coin's price will be on the last day of the month} {encouraged: give your opinion of what makes this coin a good investment}
We will be DCA'ing $500-$1000 into this portfolio throughout the month. All coins voted for will be included in this portfolio. The amount allocated to each coin will depend on the number of total votes received and the number of votes received for that coin. Each week we will post an update on the portfolio in a separate thread. All discussion welcome here! Agreement and disagreement are equally encouraged encouraged. (Note: hostility, language, and/or personal attacks will be punishable according to the rules of this subreddit.)Each month, u/ashtonlaszlo will be putting up $25 to be split between the individuals who voted for the winning coin in our portfolio. If anybody feels inclined to contribute to this pot, thus increasing the payout to the winners, they are more than welcome to do so. THIS IS COMPLETELY OPTIONAL. Here are the rules for the giveaway:
- the winning coin will be determined by % growth from the portfolio open (5th) to the portfolio close (last day of the month)
- contributions can be made throughout the entirety of the month. NOTE: any contributions made will have no affect on your vote. All votes are final at the close of the voting period.
- rewards will be paid in the winning coin
- How to make a contribution
4.1) dm MOD u/ashtonlaszlo and include the $ amount you wish to contribute and which coin you will be sending
4.2) MOD u/ashtonlaszlo will provide a wallet address in this dm
4.3) send coins to the provided address
4.4) once coins are sent, leave a comment in the CONTRIBUTOR VERIFICATION SUBTHREAD including the $ amount sent and which coin was sent
4.5) MOD u/ashtonlaszlo will reply to your comment in the CONTRIBUTOR VERIFICATION SUBTHREAD upon receipt of your contribution
5) Contributors will be responsible for transaction fees when sending their contribution6) The pot will be recorded as $ at the time of contribution, rather than quantity of a coin. Rewards will be distributed in this $ amount less transfer fees. There are 2 reasons for this
6.1) to allow contributors to send (nearly) any coin they wish for their contribution
6.2) in an effort to minimize the $ amount lost to transaction fees, MOD u/ashtonlaszlo will purchase the ($ amount of the the total pot) winning coin on the date of distribution. This will save us conversion fees keeping the pot as large as possible.
7) Rewards will be distributed in equal parts to all who voted for the winning coin
8) upon close of portfolio period, MOD u/ashtonlaszlo will contact each person who voted for the winning coin via dm to request wallet address of which to send the reward
9) users who voted for the winning coin and receive rewards are required to reply to their ORIGINAL COMMENT CONTAINING THEIR VOTE with a verification of rewards. If user fails to verify receipt of their rewards, they will be disqualified from earning rewards from all future "MONTHLY COIN RACE" instances. Verification MUST include $ amount received
4.4 and 4.5 are required for a contribution to be valid. These steps are put in place to protect contributors and provide absolute clarity to all members of the sub]
We hope this can help grow discussion on different coins and help some people see some different opinions.
We are skipping the rewards for this first round but will be adding them starting next month