diff --git a/src/app/app.module.ts b/src/app/app.module.ts
index 99f1769ae..c5225fd47 100644
--- a/src/app/app.module.ts
+++ b/src/app/app.module.ts
@@ -10,7 +10,7 @@ import { MatSelectModule } from '@angular/material/select';
 import { MatChipsModule } from '@angular/material/chips';
 import { MatMenuModule } from '@angular/material/menu';
 import { MatIconModule } from '@angular/material/icon';
-import { MatCheckboxModule } from '@angular/material';
+import { MatCheckboxModule, MatSliderModule } from '@angular/material';
 
 // Import serivces
 import { AuthService } from './services/auth.service';
@@ -166,7 +166,8 @@ import { ResetPasswordConfirmComponent } from './components/auth/reset-password-
     MatIconModule,
     MatTableModule,
     MatDividerModule,
-    MatCheckboxModule
+    MatCheckboxModule,
+    MatSliderModule
   ],
   providers: [
     AuthService,
diff --git a/src/app/components/challenge/challengeleaderboard/challengeleaderboard.component.ts b/src/app/components/challenge/challengeleaderboard/challengeleaderboard.component.ts
index f94ed564c..5fcc1e301 100644
--- a/src/app/components/challenge/challengeleaderboard/challengeleaderboard.component.ts
+++ b/src/app/components/challenge/challengeleaderboard/challengeleaderboard.component.ts
@@ -454,4 +454,5 @@ export class ChallengeleaderboardComponent implements OnInit, AfterViewInit {
       () => {}
     );
   }
+
 }
diff --git a/src/app/components/challenge/challengesettings/challengesettings.component.html b/src/app/components/challenge/challengesettings/challengesettings.component.html
index d91092106..8e12ea44f 100644
--- a/src/app/components/challenge/challengesettings/challengesettings.component.html
+++ b/src/app/components/challenge/challengesettings/challengesettings.component.html
@@ -8,6 +8,10 @@
       </div>
     </div>
     <br>
+    <div class="row settings-section">
+    <span class="fw-regular col-lg-3">Precision Value:</span>
+    <mat-slider class="col-lg-9" thumbLabel [displayWith]="formatLabel" min="1.2" max="2" step="0.1" value="1.5"></mat-slider>
+    </div>
     <div class="row settings-section">
       <div class="col-lg-3 col-md-4 col-sm-3 col-xs-3">
         <span class="fw-regular">Banned emails Ids:</span>
diff --git a/src/app/components/challenge/challengesettings/challengesettings.component.scss b/src/app/components/challenge/challengesettings/challengesettings.component.scss
index 3740d0d70..a2f9ada97 100644
--- a/src/app/components/challenge/challengesettings/challengesettings.component.scss
+++ b/src/app/components/challenge/challengesettings/challengesettings.component.scss
@@ -38,3 +38,7 @@
 .error-message {
     color: $highlight;
 }
+
+mat-slider {
+    width: 500px;
+  }
diff --git a/src/app/components/challenge/challengesettings/challengesettings.component.ts b/src/app/components/challenge/challengesettings/challengesettings.component.ts
index f28248449..13c613bdd 100644
--- a/src/app/components/challenge/challengesettings/challengesettings.component.ts
+++ b/src/app/components/challenge/challengesettings/challengesettings.component.ts
@@ -51,6 +51,12 @@ export class ChallengesettingsComponent implements OnInit {
   removable = true;
   addOnBlur = true;
 
+
+  /**
+   * Leaderboard precision value
+   */
+  leaderbord_decimal_precision_value = 2;
+
   /**
    * Input to edit the banned participants emails
    */
@@ -152,4 +158,22 @@ export class ChallengesettingsComponent implements OnInit {
         () => {}
       );
   }
+
+    /**
+   * getPrecisionValue
+   */
+  public getPrecisionValue(num) {
+    if (num === '') {
+      return '1.2-2';
+    } else {
+      return '1.' + num + '-' + num;
+    }
+  }
+
+    /**
+   * Precision slider value
+   */
+  formatLabel(value: number) {
+    return value;
+  }
 }