Marjory Slisz
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#BSC - Brothers playing #Binancealpha have shown signs of fatigue due to the costs of competitions and maintaining alpha points, which are eroding profits 🧐
When alpha launched the trading competition on the BSC network, I had an analysis about how users would be eroded in profits similar to what happened with airdrops on the Telegram platform, and the reality has been reflected in the updated top racing results on the BSC network, where only 2 codes $M and $CROSS have significantly increased trading volumes, while the remaining codes have been abandoned by users at least up to this point.
Ignoring the reasons for high slippage, the unattractive prize value, and the poor history of previous competition prizes, there is one reason that few mention: users are fatigued by costs, leading to a cautious mentality when participating in trading competitions.
More than a week has passed, and most brothers have not received airdrops in the FCFS format and have only received a $100 MPLX prize (for those who won), while every day they have to spend $15-$30 for 1 account, even higher for maintaining alpha points and participating in competitions. If playing multiple accounts, the cumulative cost becomes quite large, gradually exceeding the endurance of many brothers with limited capital; therefore, they are being more cautious in choosing to participate in competitions, resulting in many codes seeing almost no increase in volume.
The BSC competition will end at 11:00 PM GMT+7 tomorrow; volume may increase but will not spike dramatically. The most concerning issue for those competing for prizes is the strong price volatility of the competition codes. Please stay alert for safety as you approach the finish line.
If you have a different opinion, feel free to leave a comment for further discussion 👇
When alpha launched the trading competition on the BSC network, I had an analysis about how users would be eroded in profits similar to what happened with airdrops on the Telegram platform, and the reality has been reflected in the updated top racing results on the BSC network, where only 2 codes $M and $CROSS have significantly increased trading volumes, while the remaining codes have been abandoned by users at least up to this point.
Ignoring the reasons for high slippage, the unattractive prize value, and the poor history of previous competition prizes, there is one reason that few mention: users are fatigued by costs, leading to a cautious mentality when participating in trading competitions.
More than a week has passed, and most brothers have not received airdrops in the FCFS format and have only received a $100 MPLX prize (for those who won), while every day they have to spend $15-$30 for 1 account, even higher for maintaining alpha points and participating in competitions. If playing multiple accounts, the cumulative cost becomes quite large, gradually exceeding the endurance of many brothers with limited capital; therefore, they are being more cautious in choosing to participate in competitions, resulting in many codes seeing almost no increase in volume.
The BSC competition will end at 11:00 PM GMT+7 tomorrow; volume may increase but will not spike dramatically. The most concerning issue for those competing for prizes is the strong price volatility of the competition codes. Please stay alert for safety as you approach the finish line.
If you have a different opinion, feel free to leave a comment for further discussion 👇
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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