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The recent trading competitions have indeed been highly competitive. After looking into the event setups for KGEN and STAR, I have gained some insights. STAR offers 4,230 spots with a reward of 42U per share; KGEN has 5,000 spots with a starting reward of 50U. It sounds good, but in practice, just the trading slippage costs can nearly match the rewards, not to mention the risk of being caught in a sandwich order.
Of course, there are indeed people in the market who profit through precise operations while participating, with some losing and others earning, which is quite normal. However, for participants without mature trading strategies, these high-frequency competitions carry significant risks. Instead of taking such risks, it’s better to focus on selecting cryptocurrencies with solid fundamentals and earn rewards through the platform’s points system. Even if the market fluctuates, this approach helps maintain a more stable mindset.
The moment I got caught in a buy-sell trap, I knew this game wasn't great; stable coins are more reliable.
In this high-frequency racing, without real skills, you're just a leek sent to be harvested.
Instead of messing around, it's better to relax and earn points, much more comfortable.
KGEN's 50U sounds impressive, but after running, I just laughed.
All participants are experts; retail investors are just cannon fodder.
The wear-and-tear fees almost outweigh the rewards, so why bother?
Choosing stable coins > gambling in competitions, that's the right way.
Some make money, some lose; I choose not to enter.
Coins with solid fundamentals are the real long-term bread and butter.
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Wear and tear fees eat up more than half of the rewards, I saw through this trick a long time ago
That quick order got me convinced not to play anymore, there's no way to make money
Honestly, high-frequency trading is just a way to cut retail investors, I only look at the fundamentals now
KGEN's 5000 spots sound like a lot, but in reality, I still end up losing more
Instead of staring at the market every day and participating, it's better to hold some promising coins steadily
The fee design for the competition is really clever, it's basically disguised bloodsucking
I tried it once and never touched this kind of high-frequency trading again, it's exhausting
Wear and tear costs + slippage, the rewards are simply not enough to fill the gaps
Stable coins with a points system, now that's the right way
The fees directly eat into profits, no wonder most people are losing
High frequency competitions are just a game of cutting leeks, with transaction fees surpassing rewards
It's better to honestly earn points, there's no need to fight with those professional players
I've experienced the feeling of being front-run, and I won't touch this broken competition again
Instead of frequent trading, it's better to hold a reliable coin
The rewards sound great, but in reality, I only get a few U
I just want to ask who has really made money from these competitions?
Transaction costs are too high, no matter how you earn, it's a negative
It's better to be a holder of a stable coin and be comfortable
The moment I got caught in a trap order, I realized this is not a trading competition at all, but an art exhibition of liquidity.
Instead of playing high-frequency games here, it's better to focus on studying the fundamentals and let time and compound interest become your candlestick chart.
Some people make money, some lose, the key is which side of the story you choose.
The wear and tear fee is almost equal to the reward. Playing this without real skills is just giving away money.
Instead of messing around with high-frequency trading, it's better to honestly accumulate coins with strong fundamentals. Your mindset will be much better.
Sounds like a good project, but once it starts running, it's full of traps. You only realize after experiencing it.
The ones who can make money are all veterans; newbies are just destined to be harvested.
A stable activity like the points system is really attractive. Even with big fluctuations, there's no panic.
This kind of competition design is just ridiculous, trying to let retail investors bankrupt themselves.