The prediction market for the #BinancePickAndWin wallet has a 2 million prize pool plus points activity. After crunching the numbers, I realized that grabbing those points is a total trap.
For example, if I pick Brazil, to earn points from all five tasks, I need to participate in all five point tasks. Sure, if I cover all options, I guarantee I won't lose, but I still get dinged for fees. Each point task loses me 2U, and while placing orders has no fees, they take forever to fill.
And the kicker is, you only get points if you hit on a single option, what a pain in the ass.
To participate in all five options while skipping the ones that don't contribute, I'm looking at a total loss of 10U in fees. I estimate I can snag around 1000 points, but those predict points are practically worthless. Right now, 1000 points only nets me about 3-4U, and who knows when I’ll actually be able to cash that out.
In the end, I recommend just jumping in with the minimum stake and calling it a day.
For example, if I pick Brazil, to earn points from all five tasks, I need to participate in all five point tasks. Sure, if I cover all options, I guarantee I won't lose, but I still get dinged for fees. Each point task loses me 2U, and while placing orders has no fees, they take forever to fill.
And the kicker is, you only get points if you hit on a single option, what a pain in the ass.
To participate in all five options while skipping the ones that don't contribute, I'm looking at a total loss of 10U in fees. I estimate I can snag around 1000 points, but those predict points are practically worthless. Right now, 1000 points only nets me about 3-4U, and who knows when I’ll actually be able to cash that out.
In the end, I recommend just jumping in with the minimum stake and calling it a day.