Rounds and model horizon

Model basis

Rounds establish main prediction cycles - at the end of each round winning predictions are determined and rewards are distributed.

IQUO uses weekly rounds with different closing times for each predicted currency:

• BTC: Fridays, 5 pm UTC,

• ETH: Wednesdays, 5 pm UTC.

There can be simultaneously not more than 4 active rounds - for each currency. Rounds are always successive - that is the closing time (which is also snapshot time) of one round is also the starting time of the next round.

Thus overall prediction horizon can not be longer than [ 4 * 7 days ] = 28 days.

This horizon is a strict limitation for IQUO model because it directly affects calculation of quoting tickets. IQUO model doesn't foresee addition of 5th etc rounds.