Register from 4 April to 5 May to take part in the Reply Investment Challenge for free and win Apple products!
In collaboration with Young Platform, Reply is launching one of its famous challenges: the Investment Challenge, which this time is purely crypto-themed. In fact, the competition will take place on the demo version of our exchange, so participants can test their strategies with virtual money! The international competition in 2022 reached record numbers with 13,750 participants from 95 countries, with a total volume of 36,000 trades executed.
Who is Reply?
Reply is among the largest Italian consulting companies in the field of digital services and technological innovation, with a main subsidiary in Germany and stakeholders from all over the world. In order to be able to support so many companies in digitisation and technological development, it has a large research area, but does not limit itself to developing in-house knowledge.
The company also promotes innovation externally, organising many different international challenges throughout the year: from software development to creativity challenges.
Small history trivia: we are fellow citizens! In fact, the company was founded in 1996 in Turin, just like Young Platform.
What is the purpose of The Challenge?
Reply organises these challenges not to create competition, but rather with an educational intent. These events open up access to theoretical resources, opportunities to put them into practice and learning through confrontation in a young, international environment.
The Investment Challenge, specifically, aims to promote financial awareness, and this is its fourth edition, following the one in 2022.
On this occasion, the team chose to give participants the opportunity to learn more about the trend of cryptocurrencies, blockchain and their application in trading.
What prizes are up for grabs?
- For 1st place: MacBook Pro M2
- For 2nd place: iPad
- For 3rd place: AirPods
How to participate in the Investment Challenge?
- Registration: Registration starts today 4 April and closes on 5 May
- Duration of the challenge: The challenge will last from 7 a.m. UTC on 8 May to 4 p.m. UTC on 19 May.
- Access: Participation is completely free of charge.
To register, simply create an account and complete the registration from the Challenge page.
How does the Investment Challenge work?
Here are the terms of the competition:
- It opens at 7 a.m. UTC on 8 May and closes at 4 p.m. UTC on 19 May.
- You will have a total balance of €1,000,000. Of course, this is not real money, but a simulation.
- You will be able to trade on selected cryptocurrency markets.
- You can participate on both Young Platform and Young Platform Pro, even switching platforms while the challenge is already in progress.
- During the game week, the Reply Team will publish useful clues for your in-game decisions on the “Your Challenge Page”.
- Each day, the global and daily rankings will be updated.
What are the criteria for moving up in the rankings?
The ranking algorithm follows a bonus/malus logic: thus some results earn points to move up in the rankings, others imply a fall in position.
Bonuses/malus are determined by the sum of 4 positive or negative values:
- Profit & loss (P&L): the profits and losses generated by ‘investments’.
- Average number of trades made daily during the Challenge. A bonus is awarded if the trades fall within the ‘optimal range’, i.e. a number that reflects a trading strategy that lies between long-term investment and high-frequency trading, and exceeds the minimum amount indicated. A malus is applied if the number of trades is below or above the optimal range.
- Diversification index: this metric cross-references the number of daily trades with their value in Euros. Higher diversification earns a higher bonus and vice versa.
- Beware of hints: players who follow the team’s ‘hints’ during the challenge will receive a bonus.
How to prepare for The Challenge?
- Demo – From the moment you register until 7 May at 4 p.m. UTC, you will have access to the Young Platform Demo in order to test the trading platform with a virtual balance of €1,000,000 already available. From 4 p.m. UTC onwards, you will no longer be able to log in until 7 a.m. UTC the following day, which is the start time of the challenge and the time when the balance will return to €1,000,000 after your trials.
- Support – before and during the competition, you can ask any questions or concerns you may have at the chat available on the Reply Challenge platform, by providing your username.
- Educational content – created in cooperation with Young Platform Academy and enriched by materials produced by the POLIMI Graduate School of Management, is accessible from the Learning section of the Challenge from 4 April, but we give you a preview of our content so you can start preparing:
- What does investing mean? A beginner’s guide
- Bull vs Bear Market: what they mean and their difference
- Technical Analysis: How to Draw Trendlines
- Technical Analysis: How to Identify Support and Resistance
- Technical Analysis: How to Read Candlestick Charts
- What’s the Order Book and how to read it?
- Buy limit and buy stop: what is the difference and how to trade with them
- The meaning of stop loss and take profit: the art of closing
- Limit orders and stop orders: trading on Young Platform Pro
Read the regulations.
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