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#EventContracts1%Reward
Gate Event Contract Carnival launched
Gate's event-based contracts is already live, lasting from August 26, 14:00 to September 2, 08:00 (UTC+8) and it's about short-term market-direction contracts for BTC, ETH, and other widely-used crypto assets.
There are several features:
Total rewarded amount: 200,000 USDT
Trading volume awards: Up to stated 1% for relevant activities
New user incentive: A stated 5.5 USDT welcoming reward
Checklist rewards: With a shared award of 10,000 USDT
Tiered award: Up to a stated 70 USDT benefit
It seems to feature event-based financial products which are blended into a short-term market direction context, alongside several bonus incentives like trading volume and event rewards.
However, these products are part of a speculative environment and do carry the real-world risks associated with the markets. The promotional bonuses alone are not enough to avoid losing potential, especially the short-term market. The mechanics of contracts, the settling process and eligibility must be studied in the face of the potential risk to losses.
A more profound issue at the end of the day is how the development of event-based product offerings is creating pathways for even more short-term focused financial activity in the wider digital asset sphere.
What is critical to determine regarding an event-contract product: the range of market products, the clear explanation of settlement, or the risk controls.
#Crypto #GateSquare