The results of the MERL trading competition are out -- 19.4 w
I just barely crossed the line at 200 w
The BSC competition on the 6th is about to end, will there be participation in future competitions❓
🔻A little insight:🔻
1⃣ Competitions are hard to brush, most coins have significant wear and tear
A small number of coins with wear and tear within 0.15% can participate, but it will definitely be very competitive
2⃣ The last day had particularly large fluctuations, temporary brushing can easily lead to losses
A few days ago I brushed 150,000, and the last day also incurred losses of dozens of U
Later I really couldn't make up, 200,000 barely passed,
Airdrop of 130 U (already shorted at 0.13 for hedging)
3⃣ Competitions can only subsidize a little daily wear and tear, don’t brush competitions just for airdrops
4⃣ If you have many accounts, focus on brushing daily Alpha points
No need to waste time on competitions
5⃣ If you have few accounts, have time and patience, you can consider participating in some competitions to subsidize daily wear and tear
But there are risks, cannot enter and purely lose
6⃣ If you plan to participate in the competition, don't brush too early, and don't brush too late
🔸Brushing too early: insufficient liquidity, high wear and tear
Brush together when others start brushing
🔸Brushing too late: unable to meet the threshold, especially large fluctuations on the last day
Don't wait until the last minute
🟢The best strategy is: choose a good coin and start brushing a few days in between
When I started brushing MERL, the entry threshold was only 3000,
Wear and tear of 0.3% (that is, an average loss of 0.3 U for every 1000 U)
Even brushing a trading volume of 200,000 only costs 60 U
Even if occasionally caught, it counts as a loss of 80 U,
Airdrop of 130 U, also earns 50 U,
Plus the daily wear and tear of ZKJ that MERL has offset these days (calculated as 6 U * 7 = 42 U)
Total profit is also 50 + 42 = 92 U
Which is equivalent to receiving an extra airdrop every 15 days
Of course, I ultimately lost dozens of U in MERL, actually only earning 40 U
(The strategy needs optimization)
There are risks involved, if there are conditions, it’s better to add a few more accounts
7⃣ The second round of BSC trading competition ends on June 6 at 0:00 🔔
🔸Including: BANK, AGT, REX, PUFFER, FHE🔸
⏰Only 2 days left!
The average airdrop is only 60 U, which can only subsidize some daily expenses
Consider whether to brush or not
I brushed one of them, with wear and tear around 0.15%
I won't say which one, I chose based on the strategy I shared earlier 🔻
Last time when I shared about MERL, the threshold was only 3000,
I didn't expect it to be so competitive later, almost got wiped out 😂
⭐️Welcome to join the group to exchange Alpha experiences and share information🔔
8⃣ Focus on brushing one leaderboard, don’t be greedy, you will lose both ways