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How are the winning target prices determined in TargetLeagues?
In TargetLeagues, the winning target prices are determined based on the closing price of the selected asset (cryptocurrency, stock, or FX pair) at the end of the game's duration. Here's how it works:
Price Bracket Selection: Players participating in the game choose a specific price bracket that they believe the asset will trade within at the end of the game. This price bracket is selected from a range of options provided by the platform.
Game Duration: The game has a predefined duration during which participants can make their predictions and submit their entries.
Closing Price: At the end of the game's duration, the closing price of the selected asset is recorded. This closing price is typically sourced from reliable financial data providers and exchanges.
Determining Winners: To determine the winners, the platform compares the closing price of the asset to the price brackets selected by the participants. Participants who selected the correct price bracket that includes the closing price of the asset are declared winners.
Prize Distribution: The total prize pool is then distributed equally among all the players who made accurate predictions by selecting the winning price bracket.
In summary, the winning target prices are determined by comparing the closing price of the asset to the price brackets chosen by participants, rewarding those who accurately forecasted the asset's price movement.
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