Author: Weilin, PANews

After Yuga Labs' ApeChain launched on October 20, the price of its governance token APE surged by more than 1.3 times within a day and a half, thanks in part to the native product trading simulation game Top Trader on ApeChain.

On October 22, the Top Trader first-day tournament concluded with a total of 23,000 transactions. Although there is still room for optimization in user experience, its ability and potential to attract market attention and user enthusiasm should not be underestimated.

Lightweight Trading Simulation Game, 1000x Leverage Focused on Excitement

Top Trader is hosting daily trading tournaments where players can participate from 3 PM to 12 PM the next day (Eastern Time). Each participant will receive 10,000 USDN (in-game currency), allowing players to long or short multiple tokens and meme coins.

In the experience, players can trade with leverage of up to 1000 times and make multiple trades, with a minimum leverage of 100 times and a maximum of 1000 times for each trade. While high-leverage trading can yield higher potential returns, it also comes with certain gaming risks. If the account balance reaches zero, players will be liquidated, and trading will be closed. However, this does not mean the game is over; players can re-enter the competition at any time. Each failure will cost players an entry fee of 10 APE and related gas fees. The user with the highest final account balance will share the prize pool.

Compared to real market trading, Top Trader's simulated trading allows players to learn and practice in a risk-free environment. Players do not need to worry about losing real capital (though they still lose the entry fee). This design is more suitable for Web3 novice players, enabling them to familiarize themselves with the basic concepts and operational processes of trading without pressure.

The simulation trading process also greatly enhances players' decision-making abilities. In Top Trader, each trade must be held for at least 5 seconds, requiring players to react quickly in a rapidly changing market environment and formulate reasonable trading strategies. This training in quick decision-making simulates players' future performance in real markets.

First-Day Tournament Results: First Place Wins $20,000, Reaching 23,000 Transactions

At 1:10 AM on October 22, Top Trader officially announced that @boredyachttoken won first place in the inaugural daily tournament. As the countdown ended, @boredyachttoken had a balance of $175 million, far ahead of second place with $46.86 million (Evil) and third place with $27.61 million (WallstreetBets).

According to Quit, Vice President of Blockchain at Yuga Labs, the Top Trader first-day tournament achieved 3,188 buys, 2,866 liquidations, with an average liquidation time (TTL) of 25 minutes. The winner will receive up to $20,000 in prizes. As of 1 AM on October 22, Apecoin was the most traded asset in the tournament, followed by Bitcoin and moodeng, with ETH ranking fourth. Top Trader welcomed a total of 23,374 transactions.

The reward mechanism of Top Trader is very attractive, but the prize pool is currently not large. Based on the profit situation at the end of the tournament, the top 25% of profitable players will receive a share of the prize pool. The first-place player will receive 50% of the prize pool, the second place 6%, the third place 4%, the fourth place 3%, and the fifth place 2%. Additionally, the top 10% of excellent traders and the top 25% of traders will also receive 20% and 15% of the prize pool, respectively.

Top Trader integrates multiple tools, such as Ape Portal for cross-chain payment of buying fees, and Yuga ID for seamless account abstraction, enhancing user experience. From the perspective of user participation, Top Trader participants do not need to pre-deposit funds on ApeChain; the system supports purchases from other EVM chains like the ETH mainnet.

Nevertheless, Top Trader still has room for optimization in its operation. PANews found during the experience that the product often encountered login errors, and the ApeChain network also exhibited instability. Currently, the gas fees for cross-chain transactions from Ethereum to ApeChain are relatively high, and developers are working overtime to optimize and adjust the platform.

Overall, Top Trader's focus on the "split personality trading simulation experience" brings a refreshing feel to Web3 users and has sparked further market interest in ApeChain. Whether trading experts or novices, players have experienced the excitement and risks brought by leverage in this lightweight game. Of course, such high leverage does not exist in real trading, and Top Trader's slogan seems to serve as a psychological warning to users: be cautious of excessive leverage, as it can easily lead to a split personality.

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