Z-Score Season 1
Rules for the beginning.
For season 1, we're keeping things simple - the more volume you trade, the more your Z-Score goes up. Specifically, every $1 in taker volume increases your Z-Score by 1.
While you can absolutely build your Z-Score through volume alone - we feel that traders who crush their PnL should get a little something extra. The traders who sit at the top of the leaderboard based on $ PnL will receive a score multiplier on volume traded within the last 24 hrs. The higher your rank, the larger the multiplier.
Only those ranked within the top 100 on the $ PnL leaderboard are eligible for a score multiplier. The multiplier values range from 1.01 to 2.00, increasing by increments of 0.01 for each place that traders move up the leaderboard from 100th to 1st, as seen below.
In the example below, there are two traders who have traded $15K and $25K, respectively, in the last 24 hrs. While Trader B traded almost double the volume of Trader A, Trader B is much further down the leaderboard based on their $ PnL.
Consequently, when taking score multipliers into account for $ PnL performance, Trader A actually has the higher incremental Z-Score for that day.
Don't try and game the system. If caught wash trading, your Z-Score will be set to 0.