Is participating in trading competitions worthwhile? The answer is no, there's a high probability of getting burned.

Taking the current GAME as an example, users ranked in the top 10,000 can each earn 20,000 GAME.

This competition is a game among participants:

(1) At first, you see a reward of 100u and think that even with a 50u fee, you can still profit, so you start trading.

(2) As a result, the threshold quickly rises, and you think that earning 20u is enough, so you continue.

(3) Eventually, you put in 80u, but you still haven't reached the threshold. You grit your teeth and keep trading, thinking that it's better to play for free than to lose the previous 80u in fees.

(4) Then you put in 100u, and the reward has dropped to 70u. You think you absolutely cannot give up; you must get this reward to recover 70u.

(5) In the last 2 days, the threshold keeps rising, and you think: I can't give up; as long as the reward I get is higher than the fees from these two days, I can recover some losses.

This is probably the evolution of the mindset of someone who gets into trading competitions.

If you don't believe it, take a look at the recent trading competition threshold on Binance: the highest YALA has a trading volume threshold of 1.5 million, and even if you calculate a fee of one ten-thousandth, users have to pay 150u in fees. But the reward is only 86u. Not to mention that some people might get caught in a squeeze or trapped.

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WCT tokens play a key role in driving the WalletConnect network towards decentralization and governance. Holders can participate in governance votes on important protocol upgrades, fee structure adjustments, etc. At the same time, it is also crucial for maintaining the operation of the protocol relay network; service nodes must stake WCT to run and store encrypted session data. Stakers can earn corresponding rewards based on node uptime, response speed, and other performance metrics. @WalletConnect