Good, I believe everyone making a crypto selection on EtherTote should have applied some level of analysis before taking that decision as you rightly state but this doesn't translate to still selecting the "winning crypto" so everyone that selected otherwise will loss their e g 0.1 ETH, am I understanding this correctly?
That is correct. The "winning crypto" is the crypto which is the best performing crypto of the week. Essentially it is the crypto that has the highest overall $USD percentage gain on the EtherTote.
So an a quick example, let's say you had three cryptos with the following:
START PRICESBitcoin - $6,617.11
Ethereum - $370.30
XRP - $0.3498
Over the course of one week the prices become the following:
FINISH PRICESBitcoin - $6,817.11
Ethereum - $403.20
XRP - $0.4572
We calculate the overall percentage gain, with the following calculation:
finish price minus start price, divided by start price, multiplied by 100.
Which becomes
OVERALL PERCENTAGE GAINBitcoin - ((6817.11 - 6617.11)/6817.11)) x 100 = 2.934% gain
Ethereum - ((403.20 - 370.30)/403.20)) x 100 = 8.159% gain
XRP - ((0.4572 - 0.3498)/0.3498)) x 100 =
30.703% gainTherefore in this example, XRP would be declared the "winning crypto" and anyone who had traded on XRP on the EtherTote is entitled to a proportional stake of the entire pot. All other cryptos are considered losers.
I hope that helps