I'm excited to say that my focus on FinGad has been greater then ever. Our team is growing and the people we're recruiting are bar none, the best. We brainstormed on some ideas, and decided to build a contest system. Let me rephrase, it's launched :)
The contest works by rewarding our top user with $1,000 at the end of the month. The contest has been active from April 15th and will end on May 15th, 2008.
We added support for OpenID to use one username and password for multiple sites. We also launched new features that allow for virtual trading and asking questions.
With the presence internationally, it's a great opportunity to connect investors in many countries. That's why we believe the ask a question feature will become important. Soon to come, we will reveal more of our innovative technology in the space.
As we've built these features, we came up with a way to put them all together to build this contest. In essence, the contest is structured providing high quality information in finance as well as showing terrific trading positions.
Here are the rules (also available on fingad.com)
A single FinGad user will win $1,000 USD no risk or personal investment required. Payment will be made via PayPal.
Why are we doing this?
We want to increase the content generation of our site with great value to the investment community. Our contest is structured around delivering high quality output in finance. The participation of our users in this contest will provide lots of information and insight in trading/investments and help us form an interesting community. It will also be fun!
How does it work?
The person who wins the contest is the one with the most virtual money at the end of the month.
In other words, participating often and contributing high quality content - in your area of expertise, will earn you the most virtual money to invest. You have an option to invest that in virtual portfolios to earn even more.
Performing activities on the site earns you virtual money. Here are the details:
How do I earn virtual money?
- Signup - Each user that joins starts with $50,000 in virtual money balance.
- Invite - Inviting others to FinGad - when your invites join, you get $5,000 in virtual money.
- Posting - Posting a review - earns $50 in virtual money
- Other FinGad users voting on your post - Each vote by other FinGad users on your post earns $1,000 in virtual money.
- Other FinGad users voting on your comments - Every time your comment gets a positive vote, you earn $1,000 in virtual money.
- Help edit other FinGad user's post - If the original author approves - you the editor earns virtual money - $5,000 in virtual money per successful edit.
How do I earn virtual money faster?
- Virtual Trading - Take your virtual money that you earn and trade it - Invest your virtual earnings to Win/Lose money in virtual portfolios.
- Recommending Stocks to other FinGad user's portfolio - If other FinGad user buy/sell your recommended stock, you'll get $5,000 in virtual money.
- Answering Questions - If you answer a question that has a bounty/reward value and it's voted the best, you get to collect that person's bounty/reward virtual money.
