FAQs

Q. What kind of a game is Billions Quest?

A: Billions Quest is a fantasy game based on listed stocks and cryptocurrencies across the globe. Like sports fantasy games, where players make a “team” of players and compete with each other, in this game, participants make a portfolio of financial assets like listed stocks/cryptos. Their portfolio performs in line with how the scripts in their portfolio perform in the real world. This is a free to play game where you win rewards in stable currencies (USDT) on winning. Q. What is the difference between fantasy sports and fantasy stock games?

A: Fantasy sports involve creating virtual teams of real-life athletes and earning points based on their performance in real games. In contrast, fantasy stock games involve virtual stocks / cryptos and earning rewards based on the performance of these assets in the real world.

Q. Is prior stock trading experience necessary to play the game?

A: Prior stock trading experience is not necessary to play the game. The Billions Quest is designed to cater to both seasoned stock traders and those new to the world of stocks, providing an accessible and engaging experience for all players. Besides, its completely free to participate so there is no risk to participate and learn while you play

Q: What does a trustless game mean? Why is Billions a trustless game?

A: In the context of games, a trustless game is one where critical decisions around the fairness of rewards distribution cannot be altered or manipulated by a centralized body. For example, in Web2 real money games, there is no way for users to authenticate the eligibility of the winner of a context, and one must “trust” the centralized body (the game admin) to be fair in the rewards distribution. In a trustless ecosystem, the distribution of rewards and authenticity of the users are controlled by smart contracts, which cannot be altered even by the game admin. This is why it is called a “trustless” ecosystem where one doesn’t need to trust any centralized body for a fair rewards distribution. Billions Quest is built on Web3, and the participants enter the contest (Blitz) via their connected wallets which is recorded on chain. The game's results are dependent on unalterable real life events which are easily auditable and the rewards are distributed in an automated fashion using smart contracts making it completely trustless, transparent, and fair.

Q: I do not have a crypto wallet. How do I use Billions Quest?

A: We have you covered! To make the game seamless for Web2 users who may not have a wallet, we have created a seamless integration with Privy Wallet where you can login using your email address or social profile which will enable us to automatically create a wallet linked to your account to receive any rewards that you may earn. Please note, these wallets are completely controlled by you ("non-custodial") and we do not have any control or oversight of these wallets.

Q: How is the Health of a portfolio calculated? A: The health of a portfolio is simply the percentage change between the closing and opening price of the stock on the day of the battle. For example, if Script A opened on its index at 100 and closed the day at 120, then the health of that script is 20%. The health of the portfolio is simply an addition of all 3 scripts in the portfolio. Example: If you have a portfolio of 3 scripts - Apple, Google, and Nike. Let's say on the day of the battle, Apple’s health was 2%, Google was -1%, and Nike was 3%, then the health of the portfolio would be 4%*10000 = 4000

Q: How do you determine the opening and closing price of stocks or cryptos in the game?

A: Billions Quest uses reputable third-party APIs such as Twelve Data to determine the open and closing prices of each stock or crypto currency.

Q: What are Scalars / Boosters in Billions Quest?

A: Scalars are in-game boosters that enhance a player's portfolio performance. Adding a booster to your portfolio multiplies the portfolio’s health by the value of the booster you have added. For example, if the health of your portfolio for a blitz was 1000 and you had added a 2x booster, then the health of your portfolio becomes (1000*2x) = 2000. Efficient use of boosters can significantly increase your chances of winning a blitz. Currently, boosters are part of the free game play but in future, they will be priced at $1 per battle. The boosters that you would receive is based on the spinning of the wheel powered by a Random Number Generator, and their value range from (2x to 10x) or negative boosters which range from (-2x to -10x)

Only one booster can used per blitz.

Q: How are rewards calculated in Billions Quest?

A: There is only one winner per Blitz and $10 in the form of USDT is awarded to the Rank 1 holder of the leaderboard. In future, these rewards may increase to $100 or even $ 1000 depending on the number of participants and as Billions Quest becomes more popular

Q: When are the winners and their winnings announced?

A: Winners of each battle, along with their ranking and corresponding winnings, will be announced on the Billions Quest website at a fixed time each day (20:00 hours Greenwich Mean Time).

Q: How do I get paid when I win?

A: Winners receive their winnings in the form of USDT (or equivalent USD linked stablecoin on the network). Every day the results of the previous day’s battles are announced on the leaderboard. A user can claim their winnings visible in their profile section following which, the rewards are immediately credited to the winners’ wallets and recorded on the blockchain

Q: Can I cancel or edit my portfolio after participating?

A: No, canceling an ongoing battle in Billions Quest is impossible. Once you have entered a blitz, it progresses until completion, and participants cannot cancel or withdraw from it. It is important to carefully consider your portfolio selection before entering a battle. Q: How does Billions Quest make money if this is a free to play game?

A: As promotors of the Web3 revolution, we are focused on investing our resources into increasing the adoption of users to blockchain gaming. To build trust and familiarity with the game, our game is completely free to play. We depend on grants from Networks to pay out the rewards to users and manage the daily operational cost of hosting this game.

In future, we plan to add paid in-game boosters to the game which will serve as a source of sustainable monetization. However, the participation to the base game will always be free and open to everyone to participate, learn, enjoy and even earn!

Q: How can I stay updated on game updates?

A: Stay connected with Billions Quest by following us on various social channels, including Discord, Telegram, Twitter, and Medium. This way, you won't miss any important updates.