No, currently you are granted $2,000 in-game cash and you can build that balance by making profitable trades.
As an alternative to fantasy football or office football pick'ems you can now trade amongst your friends or co-workers. Setup a league and trade in real-time with your created league.
You start a position by buying or shorting a team.
Buying: When you buy shares in a team you can hold the shares until the season end when it will be converted to non-tradeable in-game cash. Or you can sell the shares at any point in time. To profit buy low and sell higher.
Shorting: teams works as the opposite of buying. When you short a team you profit when the price of the team goes down. You realize those gains by covering your short (hopefully at a lower price.)
You can buy 1 team or every team in the league. There are no transaction costs, so buy and sell at your own cadence. A portfolio of teams could look like: 20 shares of the cowboys, 10 shares of the 49ers, 1 share of the Bears.
Yes, like in the stock market. The Scorex Prices are determined by present expectations, if a team exceeds those expectations, it’s price should go up.
Yes, you can buy and sell teams as often or as little as you like.
Market order - Market orders are adjusted to limit orders collared up to 10%. This protects the user by limiting volatility. Limit orders higher than the current offering will be executed at the next best available price. Keep in mind that the price you see when you enter the order may differ from the following price. Both market sell and market buy orders are collared.
Limit order - Limit orders specify the maximum amount you are willing to pay for a stock.Ex. ABC stock is trading at $10. A limit order can be placed at $9 which will execute when ABC stock is offered at $9 or lower.
Currently we don’t support stop limit or stop orders. We hope to offer these features in the future.
To purchase a stock:
To sell a stock:
To cancel a pending limit order:
In the stock market, teams are valued based on their future cash flows. In theSCOREX market, teams are valued on their future wins (regular season and championship). Once the team is done playing it's final game of the season, the shares will be liquidated for a value equal to the number of wins + how far they advanced in the playoffs + the margin against the widely available closing line ('the spread') to equal the final distribution amount.
Check out our infographic for more details.
Drop support a note.
Shorting allows users to profit off of the price of a stock going down.
When you are short a stock, you have sold a stock you do not own. This requires the user to post margin which reduces your buying power.
The margin of a team is determined by how much you can lose from shorting the stock.
In the NFL, if you are short a team, you must post margin equal to that team winning the Superbowl. This ensures that your balance will never go negative and that you always have the cash to cover your short positions.
You will buyback the stock at the settlement price (based on the end of season value). The difference will then be debited or credited to/from your account.
Example: You short 1 share of PIT at $20.00, they win 8 games (and have $0 in performance bonus). The PIT settlement price would be $14.40. Your account balance would be credited +$5.60 ($20.00 - $14.40).