This fifth week's bitlayer has issued rewards today, still as nauseating as ever. The total reward is 2 USDC, and the gas fee for claiming shows 1.1 U, which makes everyone think they earn 0.9 U. In reality, if you recall the gas fee for completing the tasks (betting on options), the actual cost far exceeds 2 U. Moreover, if you choose to claim and then convert to BTC, the authorization and exchange already exceed 1 U. If you claim and do not convert to BTC, you have to consider the subsequent cross-chain return costs, which are estimated to be around 1 U as well. The question arises, should you claim or not?

That Bitlayer task, 99% of it is a scam, I don't understand why so many people are promoting it in the square, did they get paid?

If you look closely at this task, most of them are lottery-based, and the GAS fees on this chain are incredibly high; just one interaction can easily cost several U, even more expensive than the ETH mainnet. The tasks are extremely complicated, involving various exchanges, authorizations, and staking, and you have to go to specified websites to gamble on options. I completed the tasks over 6 weeks and lost at least more than 50U, and that was without making any errors.

At the end of the task, you still have to figure out how to find records to retrieve the BTC you staked on various websites. Authorizing and unstaking is another expensive GAS fee, not to mention you have to wait through various waiting periods of 3, 5, or 7 days. When the waiting time is up, claiming is another fee, and to your surprise, it’s not even BTC. You then have to exchange these mixed packaged BTC back into original BTC. You think it’s finally over? You still have to cross-chain back and get scammed again. If you can get 70% of the BTC you staked back, you would be quite lucky, not to mention the drop in BTC value from the first week until now.

When I started this project in the first week, I felt something was off. A simple 10-day check-in task was 0.1U each time, but halfway through, the project party artificially changed the Gas to 0.2, and now it’s changed to 0.25. If they’re operating like this even for check-in tasks, you can see what kind of situation this is.

At that time, I was attracted by the revamped Binance wallet and the airdrop carnival, which included this project, and I followed it step by step until now. Looking at it now, being backed by Binance's reputation has scammed quite a few people. I don't understand why Binance Wallet didn't conduct any research before endorsing this project? Or why not randomly have a staff member complete their tasks and see if they will end up being scammed?

The funniest part is that there are still a lot of early players from this project on Twitter defending their rights, talking about how the on-chain project ran away, causing their invested funds to drop to zero, early miners getting scammed, etc. There have already been many losses even before the TGE, and after the TGE, you can imagine how many people will actually use this chain.