Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Crypto_Potato on July 20, 2024, 04:45:36 PM
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Crypto events these days especially the ones associated with exchanges always feel exaggerated to me ngl, you advertise a 50,000 USDT prize pool and I only get 5 USDT in trading bonuses for one useless token after I traded like 300 USDT in trading bonuses. It can be frustrating sometimes ngl and most of them do require you to spend to win
On the other hand , events can be worth it sometimes if they are going to give me stuff totally free but most times those kind of things are for new users. Do you guys think these events are still worth it?
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You means those events that those exchanges are only using for no two reasons but to promote their websites? I do not go for it because of the tasks that they are requiring. It is only for their site promotion and not really about the exchange users. If the reward is not well distributed or only little of it is distributed and the exchange cheating, no one would know.
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Mostly, they are not. Exchange promos/events almost always have some hidden tncs attached that make them not worth it. Better follow the offer only after reading terms so you don't get disappointed later.
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Isn't it always the case? Events are partnered with different services for one thing, promotion in the event with different marketing strategies. And these kind of events are always for the beginners, and average users, its always for them,
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This kind of event only serves to increase the overall trading volume. So, apart from you having to reach a certain trading volume for eligibility, there is competition between traders after that. Let's say in terms of a $50k distribution, the $10k reward goes to the 20 traders who hit the highest volume, and the rest goes to the 100 with lower volume.
If you only chase the eligibility point, you will only get the smallest reward or none at all. I think there is nothing wrong with the event, it's just that you miscalculated or had high expectations with your small caps.