The above system requires us to introduce “Goalfest Score”. Each bettor will be awarded points based on the bets they make, which decides the leaderboard.
Score = Bet Volume * Multiplier
Goalfest Score will be calculated at bet level.
For example: Let's say User A, places 2 bets in a month, then the points will be calculated as
Total Points scored by User A = 1750
At the end of the month, we will check the total betting volume to decide the reward pool. Rewards will be distributed in proportion to the points scored by the bettors.
For non-stablecoins bets such as via WETH, the equivalent USD amount at the time of placing the bet will be considered for calculations.
Example: Let's say there are 3 eligible users
- Their total monthly volume is $60000, $30000, & $10000
- Based on total volume, the pool size will be $2500
- Their Goalfest Score is 100000, 75000, 25000
- Thus, they will receive 50%, 37.5%, 12.5%
- Which is $1250, $937.5, $312.5 respectively
*Reward pool resets every month
Check your score here: DGbet GoalFest
*Stay tuned! Full details will be revealed when the contests go live.