If a coin costs just a few cents, does that necessarily mean it’s cheap? Don’t worry—the class rep is here with the answer:
Contracts like these have the prefix 1000 because the price of each token is so low and there are so many decimal places that quoting prices and placing orders would be inconvenient.
If you spend the same amount, whether you get billions of tokens or less than 1 Bitcoin, your profit or loss depends only on the percentage change in price, not on the number of coins.
Don’t laugh—I only learned this after getting burned myself.
$PEPE 0.0₅391（-7.35%）
#PEPE
Contracts like these have the prefix 1000 because the price of each token is so low and there are so many decimal places that quoting prices and placing orders would be inconvenient.
If you spend the same amount, whether you get billions of tokens or less than 1 Bitcoin, your profit or loss depends only on the percentage change in price, not on the number of coins.
Don’t laugh—I only learned this after getting burned myself.
$PEPE 0.0₅391（-7.35%）
#PEPE