Fantasy leagues on tokenized stocks
Fill five slots under a salary cap. Name a captain. Then beat everyone else in the lobby, which is harder than it sounds, because you only score what they did not take. A blitz round settles in ten minutes. The season settles on Friday.
The roster
194 tokenized stocks and ETFs, read live off Robinhood Chain. NVIDIA is a franchise quarterback. SPY is a defense. A treasury fund is the punt you take when you are protecting a lead.
How it works
QB, RB, WR, WR and a FLEX, under a 50,000 salary cap. You cannot field five stars. Salary is set by dollar volume, so the famous names are the expensive ones.
One pick counts double, any slot. It is the single biggest decision on the board and the one everybody argues about afterwards.
Points are basis points moved from the opening of the round. When the clock hits zero the lobby is ranked and it is over. Then the next one starts.
The part that makes it a game
Nothing moves much in ten minutes, so picking whatever is going up is not a strategy. Your points are cut by how many other managers started the same name. Being right is not enough. You have to be right and early.
Two managers both start NVIDIA. It runs +40.0 basis points. They do not get the same thing for it.
The whole lobby had it
Chalk. Everybody saw the same thing you did.
Almost nobody had it
The same call, thirty two times the score.
points = bps moved × (1 - ownership) × (captain ? 2 : 1)
Positions
Positions stop the best lineup being whatever the five best names happen to be. There is one franchise slot, so the rest of the cap has to go somewhere less obvious.
The expensive end of the pool. One slot, so you get exactly one of them.
The middle of the board. Where most of a sensible lineup gets built.
The cheap end, and the two slots you fill with names nobody else took.
Every ETF and fund. Only fits your FLEX, so playing it safe costs you your free slot.
Formats
Every format is the same five slots and the same cap. What changes is how long you are committed for and how deep into the board you are allowed to draft.
top 60 by volume
Back to back, around the clock, 720 of them a week. This is the one that proves the thing pays out, because you watch it happen five times before you have thought about entering anything bigger.
top 120 by volume
Long enough for the mid caps to actually move, short enough to play on a break. A hundred and twenty a week.
the full board
One lineup, one regular trading day. The lottery tickets are live here, because a whole session dwarfs their spread.
the full board
Drafted live on Sunday night, then the week opens at eight. Snake order, no salary cap: if someone takes NVIDIA, nobody else can have it until Friday.
The ladder
The ten minute game is not a side mode, it is qualifying. Grind blitzes all week and you climb the ladder. Show up on Sunday night with the first pick, or show up and draft last. The short loop is how you earn the thing that actually matters.
These tokens trade around the clock from Sunday evening to Friday evening, so a blitz runs at three in the morning if you do. The weekend is the only dead air, which is exactly what makes Sunday night worth showing up for.
Open the draft roomScoring you can check
Most of the work in a game like this is in the edge cases, because that is where a result quietly becomes wrong while still looking completely fine.
Scoring runs on token value, not share price. CrowdStrike is sitting at a multiplier of 4.0 from a forward split right now. Score the raw price and everybody holding it reads as down 75% for no reason at all.
Otherwise halting becomes a weapon: take a lead, and any pick that stops printing is free protection for it. A halted name is removed from the result instead.
If a quote cannot be read, that pick voids and your lineup shows a partial rather than a total. A number that looks like a real result but is not is worse than no number.
The ten minute pool is the top 60 by dollar volume. Further down the board a ten minute move is smaller than the spread, and you would be scoring quote flicker rather than the market.
Known gaps
This is early. It is more useful to say which parts than to let you find them.