Spark Profit fits your schedule because you can make long or short predictions, then review or cancel them at any time.
As your skills improve, you will get more points. Compete against other players for higher score and rewards.
How do I earn Dollars?
There are two ways to earn Dollars: predict well (maximum 100 Dollars) or invite friends (unlimited). You can do both at the same time.
Earning Dollars by predicting well
At the end of each week if your total score is greater than the weekly threshold, currently set to 20,000 points, you will earn Dollars. The larger your total score is, the more Dollars you earn. It’s really that simple.
Then, after prizes are paid, we reduce everyone’s total score by the same small percentage. This means that no-one gains or loses relative to each other, but it gives new-comers a chance to catch up by continuing to play well.
The weekly pot gets larger if more people do well because we add Dollars for every person who makes the grade that week. We want to encourage more people to join and play well.
Earning Dollars by inviting friends
If you invite anyone to join the app and they predict well, they will earn Dollars. In fact it’s exactly those kinds of talented people we want – so we will give you 20% of their rewards as a bonus, forever! They don’t lose anything but you can gain a lot!
There is no limit to the number of people you can invite. To invite someone, just have them click on your personal “Supporter Link” before they join. You can share it anyway you want: chat, mail, FB, etc. You can find your Supporter Link in the application itself, in the Social tab.
How do I withdraw my earnings?
You will need to have a valid TIQL account and then choose the option to transfer your Dollars from SparkProfit. You can bet with TQ Dollars in almost exactly the same way you bet with US Dollars.
Please be aware that some restrictions and special conditions will apply, as we may notify you from time to time.
How long does a game last?
As long or as short as you want! Once you’ve made your prediction you can stay and watch your score change as people around the world buy or sell, moving the price closer or further from your target.
There is no need to hang around though if you’re busy: you can simply log back in anytime to see where it is, or ask to be notified when the market hits your levels.
All games must follow the underlying market’s trading hours and we do stop all games on a Friday night.
|Bitcoin||Friday 9:30pm UTC||Friday 9:00pm UTC|
|FX (common currencies)||Sunday 11:00pm UTC||Friday 9:00pm UTC|
|Stock Indices||Sunday 11:00pm UTC||Friday 9:00pm UTC|
There are usually a couple of half-day breaks at the end of each year too.
Can I kill the app?
Once you’ve started your prediction, it will be handled by our servers. So you don’t need to leave the app running – it will still be earning points even if you are offline.
Why do games stop on a Friday night?
This is when most financial markets stop, so we chose this point to close your positions and make a definitive total score for the week.
However you won’t be able to start or stop positions while the underlying market is closed – just like the real markets!
I tried the tutorial in the app and I still don’t understand how to use it
The key points are that
- You first set a profit price and then set a loss price
- When the market moves it will eventually hit one of those prices: whichever it hits first determines whether you win or lose points in that game
- The closer you set a price the more likely it is to be hit but the less points you can win (or lose).
- You can also stop games at any time and take a smaller profit or loss.
- If the market itself closes (as it does every weekend) then it’s just as if you stopped the game yourself and you will receive the smaller profit or loss
And then also:
- Starting a new game costs some points
- But amendments are free
The blue line shows how the price of the market changed until now. You simply need to guess where it’s going next.
The timescale for your prediction can be as long or short as you like, up until the next market close. (Market closes are shown as a vertical black bar on the graph). So if you think the price will go up, click on the right side of the screen above the current price.
You must pay some of your points to make a new prediction, but new joiners get a discount. You will see the cost once you’ve clicked, before you send your prediction.
Once you have clicked above the current price it will also show a green horizontal line. This is your profit line – when the market hits it, that game ends and you get a payout.
You must choose where to put your profit line. The closer it is to the current price, the more likely it is to pay out but it will pay less points.
Conversely if you set a price that is far away you can win lots of points if you’re right… but it’s less likely to make it that far, and you risk it going the other way before you can win.
This is just the way markets work! Ideally you’d want to set the profit line at the farthest price that you believe the market will reach before it starts to turn around.
Once you’re happy with the profit line, click on the “Next” button at the bottom of the screen. Now you will see an additional red “loss” line.
It behaves in a very similar way to the profit line, except that you will lose the given number of points if it gets hit first. You can set the loss line close to avoid losing lots of points – but you are more likely to have it happen.
Or you can set your loss line far away so that it probably won’t get hit… but if it does you will lose a lot of points!
Once you’re happy with where the profit and loss lines are, click “Start” to send the information to our servers and start the game. Now you just need to come back later to see how you’ve done.