Accelerating SocialFi with Solana

Similar to fantasy sports, our trading competitions simulate the competitive trading of stocks, crypto (and soon options) between a pool of users that are vying to achieve the highest return. TopTicker facilitates both public and private trading competitions called pools. Public pools are available to all users and private pools are only accessible through an invitation. 
Whereas in fantasy sports where users accumulate points based on their roster’s in-game performance, with TopTicker, users move up or down on the leaderboard based on the percentage performance of their simulated holdings. Simulated trading competitions are excellent tools to test and crowdsource different investment strategies.  
Investing and trading competitions are performed in daily, weekly and monthly pools. Each pool has prize money that will go to the user with the highest return during the pool's active period.

A smart contract settlement solution is inherently and ideal use case for the App's trading pools to fairly and transparently settle entry fees and the winner's payout. A native App token immediately increases community engagement, social visibility, and enables an incentive management framework. More details about the native token's value accrual  mechanisms can be found here.

Prize Money. TopTicker's trading pools offer prize money in $USD (Web2), $SOL, and soon in $USDC and in the native token, and any other Solana token from a partnered Dev.

Promotion and Credibility. It goes without saying that transparency and traceability when making stock or crypto calls is critical to building lasting follower base.

Build and Monetize Call Community. TopTicker's subscription and notification features allow anyone to create and monetize a community of followers/subscribers.

Test Your Skills. Traders of all levels can put their skills and knowledge to the test in the public eye.

Ticker and Call Discovery. What's cooking and who's cooking? Users can discover what tickers are driving a trader's pool performance, quickly trade on the integrated DEX, and decide whom to follow and subscribe to.

Degen Fun. Users can benchmark and compare their skills within the broader community and engage their pool's participants on Discord.

Crypto price updates prompted by user actions (like entering or exiting a position) are always live. Routine updates occur every minute. In stocks, intraday stock position enters and exits are updated with live market prices. Positions added/exited while the markets are closed, are added/exited at market open on the next trading day. Market open prices are pulled seconds after the opening bell. During the trading day all prices and portfolio return calculations are updated every minute.

The active portfolio feature is available to all users. It’s a standalone portfolio that will always be linked to the user. Currently a user's active portfolio can contain stock and crypto positions, however, a coming feature is that users will have dedicated active portfolios to reflect their simulated stock, crypto, and options positions. Each active portfolio begins with a hypothetical $1 and all “Additions” and “Exits” need to have a minimum weight of 0.05 or 5%. A position must be fully exited before the user can increase its overall weight in the portfolio. The size of the portfolio can grow or decline corresponding with the holdings of the portfolio and the user’s position management. The active portfolio is permanent and it's what your subscribers will be monitoring and being notified of.

Subscription functionality can be set up from your profile and currently only supports $USD. $SOL subscriptions will be released soon. In this subscription model, the platform withholds 20% of both $USD or $SOL. Subscriptions in SOL are on a month-to-month basis and aren't reoccurring.

Although paper trading tools exist at different brokerages, their uptake and utility remains limited and  your ultimate skill level is only known to you once you invest with real money and put your capital at risk. TopTicker bridges this divide between  paper trading and reward. The solution incentivizes learning through competitive practice and constant benchmarking to others. It is easier to learn by seeing concepts work in practice, albeit simulated. Users can use TopTicker to find trends, validate strategies, and discover mispriced tickers. The core principles that underpin TopTicker are that (1) investing and trading are increasingly becoming a socially-imitative phenomenon (SolcialFi), (2) investors and traders are inherently competitive people, and (3) financial incentives and profit-seeking are the ultimate objectives.

Although this is true on a one-off basis, a track record of trades with positive results is not a fluke and cannot be sustained by YOLO behavior. The TopTicker uses pool competitions and informative statistics to create an accurate "sim-trader" profile that allows users to assess one another, follow and backtest strategies, and promote users as call-leaders by subscribing to their content.