Family, CZ is up to something new again! Today, he played with contracts on-chain for the first time, directly showcasing a slick operation:
He opened a long position of $Mubarak with 24.7x leverage using 0.4 BNB (approximately $160) on the decentralized exchange APX Finance, and as a result, he made a whopping 148% profit in just 10 minutes! This return is comparable to riding a rocket.
However, after making the money, CZ also complained about two points: 1. Using on-chain exchanges is really not as smooth as centralized platforms like Binance, the operation experience is a bit lacking. 2. I don’t understand why on-chain transactions require everyone to see the positions and liquidation prices? It’s like showing your cards while playing, you can be targeted at any moment!
The funniest thing is, CZ added: "Actually, I have never traded Binance futures, it was purely for testing experience." This Versailles-style statement leaves the retail traders in a tough spot 😂
This move directly boosted the APX platform token by 42%, proving once again that the 'CZ effect' is no joke! However, CZ also reminded everyone: on-chain contracts have high risks, and transparency of information can become a weakness, so newcomers should be cautious!
(Data details: actual leverage 24.7x, 148% return from Debank statistics, $APX token peaked at $0.091)
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