🤑Trading competitions

MatchTrade allows for the creation of peer-to-peer trading competitions between two players.

Here's how the flow goes:

• A user creates a competition by depositing some ETH into the contract. They also select a time limit for the competition to last, as well as select what metric they want to measure.

• Another user accepts this transaction by equally depositing the same amount of ETH deposited by the creator. They are now matched and the competition begins instantly.

• They both can now trade against each other to try and win based on the measured metric before the time runs out.

• Whoever has the larger amount of the measured metric wins and can withdraw 95% of the deposited funds for that competition.

There are some nuances which include

• A user's competition may not be accepted by anyone for a variety of reasons. In this case, the user can either wait for the competition's time limit to be completed, or they can cancel the competition and withdraw their deposited funds.

• A user can cancel a competition before the time runs out if they're losing. However, they will be fined 5% of their deposit which goes to the other player that didn't cancel.

• If the matchup ends in a draw, both players can withdraw their funds with no fees charged.

• Competition entries are only valid if the trades are made on MatchTrade's DEX platform.