Traders Need Be Rewarded

[hugeblack]

Rewards can encourage users to use exchanges and do more activity and trading to earn more points and rewards but I don't see how these rewards will make governments adopt? This is a strange and completely illogical idea.

It may lead to adverse results, which is governments banning airdrops and exchange tokens due to fraud, high risks, unauthorized promotion, and false promises to users.


Tokens basically started as a promotion for cryptocurrencies when it was difficult for projects to promote their services via social media, TV channels, or football matches, but the situation has changed now and these services should not get free promotion.

[yhiaali3]

Rewards can encourage users to use exchanges and do more activity and trading to earn more points and rewards but I don't see how these rewards will make governments adopt? This is a strange and completely illogical idea.

It may lead to adverse results, which is governments banning airdrops and exchange tokens due to fraud, high risks, unauthorized promotion, and false promises to users.

Yes, that’s exactly right, we had an article here talking about how the SEC and its chairman Gary Gensler view airdrops as they declared crypto airdrops to be securities, which means they are subject to some very strict regulations.

Also in the news, top Republican lawmakers say they want clear answers on how the SEC views airdrops in the crypto industry.
https://www.theblock.co/post/316945/republicans-urge-sec-to-clarify-how-it-treats-crypto-airdrops-in-letter-to-gensler?modal=newsletter
https://www.onesafe.io/blog/crypto-airdrops-innovation-regulation

[satpol_PP]

I agree with your words. Rewards should be arranged for the traders. This will encourage the traders. Also, those who are doing well in trading should be rewarded.  Then by seeing them, beginners will develop themselves as better traders. Every success should be rewarded.  Traders should also be rewarded to increase their motivation. This will increase the speed of work. Reward should be arranged in proportion to success.

The question is, who gives awards to traders? Is it the exchange or an event involving traders. I don't really think about the rewards from the trading I do, I only focus on trading to get profit and can have a lot of experience, because with the experience and knowledge it is useful for me in the future to become a professional trader.

[Mr. Magkaisa]

         -       You will only be rewarded traders when you are knowledgeable in trading strategies; no traders will earn from trading without extensive or deep knowledge of trading crypto or traditional. Because in all aspects we need knowledge to be honest.

That's why it's important to first study trading in the crypto space before actually jumping into the actual trading exchange we're going to enter. So that we can reward ourselves for the trading activity we will do.

[Sim_card]

Don't use you use CEXes? They have promotions like that all times going on. Though, I'm personally not fan of spin the wheel kind of stuff but would rather like something concrete as in case of Binance recently with $DOGS listing where they were giving $20 worth $DOGS for free, just for making $DOGS deposit there.

Trading promotions are similarly going on all times as well. For example, just a few weeks ago: Binance futures trading carnival

Not just DOGS... I could remember few weeks ago when I traded on Binance, I was rewarded with 25000 PEPE coins but it was worthless because it wasn't up to a dollar which made me just frown at the reward. However, if rewards are being given to teadera by CEX once in a while for trading in their platform, it might draw more attention to people who loves rewards.

[Aanuoluwatofunmi]

I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?

Trading have always been and i don't think there is something going to change about this for now, if you're going for trading, then you should know that there are many things whereby you need to have in mind about trade, you are to know that you're trading online at your own risk and no one is liable for any loss compensation on you, we cant expect government to completely show their stand from it because on trading, they also indirectly benefit form doing it.

[|MINER|]

The question is, who gives awards to traders? Is it the exchange or an event involving traders. I don't really think about the rewards from the trading I do, I only focus on trading to get profit and can have a lot of experience, because with the experience and knowledge it is useful for me in the future to become a professional trader.

May be the government or an organization where the trader is involved. There are many examples in many countries that they give awards to people who have done well in different sectors such as freelancers. I think it is not bad if traders start like this. Which in turn will encourage more people to trade and ultimately see this sector becoming more promising in the future.

[luckyledger]

The question is, who gives awards to traders? Is it the exchange or an event involving traders. I don't really think about the rewards from the trading I do, I only focus on trading to get profit and can have a lot of experience, because with the experience and knowledge it is useful for me in the future to become a professional trader.

May be the government or an organization where the trader is involved. There are many examples in many countries that they give awards to people who have done well in different sectors such as freelancers. I think it is not bad if traders start like this. Which in turn will encourage more people to trade and ultimately see this sector becoming more promising in the future.

If the rewards are good and from a credible source - sure.
Otherwise - it may be a bad signal, on the other hand.
I think it's great for new people out there, as you said.

[|MINER|]

If the rewards are good and from a credible source - sure.
Otherwise - it may be a bad signal, on the other hand.
I think it's great for new people out there, as you said.

I will agree with you that if the rewards are good and from a credible source - then we can be sure because there are many cases where people have been scammed out of their funds with the lure of rewards, I certainly don't want people to get such rewards. I have already mentioned in my post that if government or any trader related good organization starts this kind of reward system then it will arouse interest in people's minds about this issue and the more people interest in this matter the faster and bigger scale we will get a decentralized eco system.

[Crypto Library]

I was using some of the fintech apps for my mobile funds and transfers and purchases and then I saw that I was given some coupon cashbacks and you could accumulate it to make some service purchases and then I thought of it that if all the exchanges we use could be giving us some things like that in rewards, points for our trades, I believe we would see more government adoptions and allow crypto operations in several regions, can we get things like rewards in the form of what we use in daily life as we keep using several platforms for our activities like some spin and lucky draws or even an apple?

Talking about the rewards, now Centralize Exchanges are giving rewards and if you think that they are giving you 20 dollars or 100 dollars for creating an account then you are wrong. Because they will give a 100 dollar coupon and also add multiple terms and conditions and you will lose more than 100 dollars by fulfilling them. So there is nothing to be happy about seeing the rewards of these centralized exchangers.
And those centralized exchangers who are new and they give such rewards, stay away from those exchangers because there is a high possibility of them being scammers.