2026-01-16 09:51:13

#数字资产市场动态 Who is cutting whom in the "Wool" of the trading competitions

Recently, I saw a top platform launch a bunch of trading competitions. If you meet the trading volume requirements, you can get token rewards. Sounds good, but in practice, it’s quite frustrating.

Tokens are highly volatile, and if you're not careful during the trading process, you can get caught. I’ve been trapped twice, losing about ten or twenty bucks each time. In the end, I just gave up 😂 The platform definitely profits — boosting account activity, stacking trading volume, increasing trading fees — and users are just gambling inside. Some make money, most lose, and the risk is on the traders.

How intense are these trading competitions? I saw that recently, a $IR trading contest requires a trading volume of 1.45 million to make the leaderboard, with a reward of 650 IR tokens, which is only about 40-something dollars. How is this calculated? With slippage and transaction fees, it’s hard to say you can really make a profit. If you want to participate, you need to calculate the return ratio beforehand.

Honestly, in the past six months, the ways to make money have become fewer and the profits thinner. At the 95k level for $BTC, retail traders really don’t have many chances to catch a big move. This industry is getting more competitive, and everyone is trying to figure out new ways to stand out.

IR-1,18%

BTC0,22%

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HashRateHustler

· 10h ago

1.45 million in transaction volume for a 40-dollar reward, this platform is really ruthless, we're just that ATM.

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HashBandit

· 10h ago

ngl trading contests are just another way platforms farm our gas fees and liquidity... back in my mining days at least the math was transparent lol

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NewPumpamentals

· 10h ago

145 million in transaction volume only earns 40 bucks, this platform is really ruthless, slippage alone takes it all away.

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GameFiCritic

· 11h ago

1.5 million in trading volume for 40 tokens in rewards, the ROI efficiency is so outrageous, slippage and transaction fees are deducted and there’s basically nothing left. --- The platform’s design is just ridiculous, trying to boost activity and trading volume, users are just gambling and losing money, sustainability is a negative score. --- People still persist despite the chaos, I really admire that. If it were me, I would have already quit based on the incentive balance metrics. --- The most heartbreaking thing isn’t losing money, but discovering that the entire rule set is a carefully crafted trap, with gameplay and economics completely mismatched. --- $BTC 95k retail investors are still pondering trading for wool, how desperate is that mindset? It’s better to wait for the market to clear. --- Looking at the historical data of traditional gaming markets, this kind of incentive model will die within three months; the platform is just squeezing out the last wave of traffic. --- I calculated my trading costs and concluded that I won’t play. This ratio itself is telling you the answer. --- The token deflation model has broken down; rewards can’t keep up with trading costs. The lifecycle of this product should be over. --- The platform never hides its scalping; it directly throws data in your face. Do you still want to keep falling into the trap?

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BetterLuckyThanSmart

· 11h ago

1.45 million in trading volume for 40 yuan, isn't that called cutting leeks? --- It's the platform's routine again, earning very little from fees and getting cut by slippage. --- Trading competitions really, retail investors participating are basically inviting losses. --- It's gotten so intense that I don't even know what to play anymore haha. --- A few days ago I also got caught in it, and I won't touch this thing ever again. --- At the 95k position, there's really no chance left for retail investors. --- The platform makes a huge profit while users are still calculating accounts, hilarious. --- The more participants in this kind of event, the less I want to join, just working for the platform.

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