The prize pool looks big, but each person may get less than 5U. Calculate the expected return before jumping in.
This Kenya P2P campaign for Lightning Instant M-Pesa and Instant M-Pesa bill payments has a fixed prize pool but no cap on the number of participants—that's the catch: the denominator can keep growing. Roughly speaking, based on the number of early participants, each person could get a few U; if the number of participants doubles, the per-person share is immediately cut in half. The requirement is to complete a specified number of eligible P2P transactions. Assuming a small amount per transaction, you may need to tie up anywhere from a few hundred to over a thousand U, with a time commitment of at least 1–2 hours. On that basis, the return is probably worse than simply making a trade at the usual spread. The expected reward is thin, so it’s not worth setting aside funds specifically for this.
I care more about capital turnover, so I plan to use only the idle balance I already have sitting in P2P and make a few transactions while I’m at it—no extra reallocation. If I don’t get a spot, so be it; I won’t chase it. How much capital and how many hours would you be willing to tie up for these few U?
#BinanceP2P #USDT
Follow me for daily live trading journals and K-line reviews.
With this market, do you trade based on structure, or just watch the moving averages?
This Kenya P2P campaign for Lightning Instant M-Pesa and Instant M-Pesa bill payments has a fixed prize pool but no cap on the number of participants—that's the catch: the denominator can keep growing. Roughly speaking, based on the number of early participants, each person could get a few U; if the number of participants doubles, the per-person share is immediately cut in half. The requirement is to complete a specified number of eligible P2P transactions. Assuming a small amount per transaction, you may need to tie up anywhere from a few hundred to over a thousand U, with a time commitment of at least 1–2 hours. On that basis, the return is probably worse than simply making a trade at the usual spread. The expected reward is thin, so it’s not worth setting aside funds specifically for this.
I care more about capital turnover, so I plan to use only the idle balance I already have sitting in P2P and make a few transactions while I’m at it—no extra reallocation. If I don’t get a spot, so be it; I won’t chase it. How much capital and how many hours would you be willing to tie up for these few U?
#BinanceP2P #USDT
Follow me for daily live trading journals and K-line reviews.
With this market, do you trade based on structure, or just watch the moving averages?