I spent a few dimes on fees to enter a trading competition. My trading volume was $22, but the final threshold was $7,351, so I didn’t win a prize.
I got caught out by ZIG’s on-chain trading competition:
1️⃣ My trading volume was $22.37, and the fees cost only a few dimes
2️⃣ At 10 p.m., I saw 5.2K people participating; by the deadline, that number had risen to 13.15K
3️⃣ The final threshold was $7,351.33—two orders of magnitude beyond my volume. I’ve sold my ZIG back
My rule: when an announcement says “top N,” check the number of participants in real time first. If the number is still rising, don’t chase volume—just watch from the sidelines. I currently hold 0 U of $ZIG.
When you enter a trading competition, do you check the threshold or the number of participants first?
Not investment advice. DYOR
I got caught out by ZIG’s on-chain trading competition:
1️⃣ My trading volume was $22.37, and the fees cost only a few dimes
2️⃣ At 10 p.m., I saw 5.2K people participating; by the deadline, that number had risen to 13.15K
3️⃣ The final threshold was $7,351.33—two orders of magnitude beyond my volume. I’ve sold my ZIG back
My rule: when an announcement says “top N,” check the number of participants in real time first. If the number is still rising, don’t chase volume—just watch from the sidelines. I currently hold 0 U of $ZIG.
When you enter a trading competition, do you check the threshold or the number of participants first?
Not investment advice. DYOR
