First, let me share three stories for everyone's reference

1⃣ Principal returns to zero

There was a brother with little capital, during the first week, he wanted to boost his points through trading volume, he threw in 8,000 USD, and after a week he earned 12,000 points with a cost of 0.66 U/point, and the 8,000 was really gone, then he heard that the four seasons were starting, and he collapsed

🔹 My advice: In this big bull market, principal is more important than anything else, don’t chase trading volume, the profit-loss ratio is too low

🔸 The Backpack project team cultivates loyal users through a war of attrition. These users engage in contracts, play arbitrage, and have large funds, becoming die-hard fans in the future. In contrast, for those purely chasing rewards, this project is really not worth it, small capital is heavily worn down, and it's hard to last until the end of S4, very competitive, very difficult

2⃣ Insider information

Next week there will be an airdrop of SEI tokens, in August there will be an airdrop of Monad, insider information, not guaranteed

🔹 The backpack capacity is really large, Frag, WCT, ES, recently I have really been getting a lot from airdrops, and there will be more coming in the future, it feels really good!

🔸 @Backpack started using task rewards with badges to artificially mobilize funds in the market, providing liquidity support for new coins' listing. I see the project team is doing something, their operational thinking is very excellent, I really give @armaniferrante a thumbs up, love you guys

3⃣ Data analysis

Total trading volume increased by 39% from the first week to the second week

Total holding volume surged by 52%

🔹 Week 2, compared to last week's points, logically, with the same data, it should depreciate by over 30%

Let's roll, now that we are rolling, @Backpack_CN will only roll more in the future, everyone can stay or leave as they wish 😭

🍀 My points

This week I didn't dare to increase my trading volume, last week I pushed for 15 million in trading volume, which cost me 3800 USD in fees. Just know that four seasons is a marathon, not a short sprint!

I calculated that if I lose 1000 USD in fees each week, by the end of S4, I will have spent 29,000 USD, which is 200,000 RMB! So I must become a long-term user, growing together with Backpack, not chasing short-term trading volume data!

🔸 This week I received 6387 points, with a trading volume of 2.45 million, transaction fees of 550U, and a principal of 80,000. I held a 10x contract, earning points based on the held amount and time, effectively controlling costs since it’s a long run

Actually, the airdrops given this week have already covered the transaction fee costs, which is equivalent to giving away 6000 points without any loss, feels great

Here's an invitation link, friends who haven't opened an account are welcome to use it

https://backpack.exchange/refer/cookie

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✅ Summary

Companionship is the longest confession of love, I believe that when S4 ends (probably in February next year), I will definitely be very happy. I hope everyone can control their costs well and welcome the birth of the CEX little prince together

We will succeed, Fock it