What other reasons are there not to complete the Binance wallet task? Time taken: 5 minutes, Cost: 1.5u, Earnings: 15U. Spending 5 minutes is worth it, isn't it? A meal of pig's feet is nice, right? A small task from Binance, just dive in and get it done. #boost
The leaderboard for the #ALPHA🔥 trading competition is out! Brother Chen only brushed a Yala. Brother Chen predicted that the final leaderboard would be at 1.5 million yesterday, and today he can only say he was tricked again!
Brother Chen is the Binance of the whole family, the glorious pioneer of the entire village. But today, Brother Chen is going to fall! Brother Chen's elderly father, a fast trader named Alpha in his fifties, bought Yala yesterday morning and did not sell! In the afternoon, he learned of Yala's crash and it was too late to sell, losing 2000 yuan! Those who know Brother Chen well must know that he starts his working day with a Gm and then a cup of grapefruit C Americano, but today Brother Chen didn’t drink……
Some brothers asked Brother Chen how to brush the following alpha competitions? Brother Chen can only say, even dogs don’t brush!
The rewards of $ERA ERA have been distributed, 💰 Brother Chen made 2400, overall he didn't earn much. Brother Chen hedged early at 1.35, but got scared at 1.6 and closed out. Later, Brother Chen chased the hedge, basically averaging in at 1.10. A few days ago, Era showed an upward trend, and Brother Chen did a reverse speculation, closing positions at high and opening positions at low. He made another 200 dollars. Brother Chen is a reverse indicator, I suggest brothers pay attention to Brother Chen, he will share daily operations later, follow Brother Chen to buy in reverse, and by the end of the year, have a villa by the sea.
Why is this Yala trading competition so intense with #ALPHA🔥 ? Brother Chen was squeezed out by 20 dollars when he was brushing last night. A brother asked Chen, how much do you think the final leaderboard will show? Brother Chen estimates it will reach 1.5 million by the end tonight! Brothers who have already joined still need to brush hard!
#机构疯抢以太坊 Gm, a cup of grapefruit C Americano, starting a day of work life! Brother Chen's project was reported, and the whistleblower claimed that Brother Chen miscalculated the building density of the community, stating that the actual density exceeded the standard. Brother Chen was stunned, how could this be possible? Brother Chen only optimized some data within his capabilities!
Ethereum is completely crazy 🤪, someone asked Brother Chen how much he sees this wave, Brother Chen could only say, this year it might reach 8000! $ERA $ETH
In the early stages of the activity, the number of participating users was relatively low, with the daily increase in trading volume only reaching 40 to 50 million. Based on the data at that time, if the total trading volume remained within 500 million, as long as I completed a trading volume of 1 million, I could potentially earn over 8000 ERA rewards (due to a cap of 6000, I could ultimately take full advantage).
However, in the mid to late stages, competition rapidly intensified. In the last two days, the daily increase in trading volume approached 1 billion, and by the end of the activity, the total trading volume had reached 4.2 billion. This led to a significant dilution of rewards for all users.
Fee and Rebate Analysis
In a high-frequency trading model, fees become the main cost. My account was not linked to any rebates, and even with BNB used to offset fees, the rate was still 0.075%. In other words, for 1 million in trading volume, the fee was approximately 750 USD.
If it were a rebate account, the fee could be as low as 0.05%, requiring only 500 USD for the same trading volume. The difference amounts to 250 USD, directly impacting the final earnings.
This made me realize that in the later stages of the trading competition, what was actually being compared was the ability to control fees, with users having rebate privileges holding a natural advantage.
About the Fluctuation and Hedging of Reward Tokens
This reward is in ERA tokens, with a delayed distribution. The claim time can be up to 15 days after the end of the activity. During this period, there is a risk of price fluctuation for ERA.
If ERA drops, the actual value of the rewards will diminish. In theory, one could hedge by shorting ERAUSDT in the futures market to lock in the value of the reward tokens. However, this also faces risks such as funding rates, price volatility, and liquidation, and is not recommended for inexperienced users.
Summary and Recommendations
In the early stages of the activity, the odds were very high, but it is essential to closely monitor the growth of leaderboard data and timely assess whether to continue investing.
Fees are a key factor in determining profitability, and one must use a rebate account to increase trading volume.
The distribution of rewards is delayed; consider hedging or early cash-out strategies.
The total trading volume ultimately reached 4.2 billion, indicating that participation enthusiasm far exceeded expectations. Next time participating in a similar competition, it is necessary to adjust strategies more flexibly to avoid blindly increasing volume.
Yesterday, with the speed of my 30 years of being single, I snatched a second-tier luxury seafood feast with the number #Caldera . Next, I decided to fiercely engage in the ERA trading competition! ERA is great again!