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Once the actual value for the auction target is known, we calculate each voter's result as a sum of scores of all votes they have submitted for this auction and rank players from highest to lowest according to this aggregate score.
Individual votes are scored on three parameters
This is a multiplier applied to the precision score based on the time between the vote and the auction closing time. The bigger the difference, the higher the multiplier. Thus, votes taken as soon as the auction opens (30 days before closing) are worth 100%, this drops to 90% on day two and then decays towards approximately 40% the day before the auction closes. Early (and correct) birds get higher scores.
Why are these rules set up this way? We are structuring incentives to achieve early and plentiful voting. Many data points, across 24 hours a day to keep charts dynamic and responsive to new information.
Users can spend their votes deliberately across a multitude of possible strategies. Those include spreading your votes along a likely path of the index, concentrating most of the votes on a particular auction or collecting the maverick bonus by correcting the line where it is too far off.
Weekend and holiday actual values will be calculated using an average between the last known closing value and either the first known open (where available) or the first known close. In case of target being unavailable for more than 1 day, weights will be skewed by proximity, so for example Saturday Target = 2/3 Friday number + 1/3 Monday whereas Sunday Target = 1/3 Friday + 2/3 Monday and so on.
Auction - an x-axis division on the chart corresponding to a single future date. The goal of each auction is to predict an end of day closing value (target) for the referenced financial index. Auctions open 31 calendar days and close 24 hours before the target is known. Thus, there are always 30 charts open including weekends and public holidays
Send your friends invitations to join votery.net! The field to do so is available in your profile settings.
Once your friend sings up and begins voting, you both will receive +2 votes on every chart every day for the next two weeks!
You may send unlimited referrals, but the total additional bonus is limited to +10 votes at any time.
Make sure to let them know to look out for our email.