$NIGHT Actually, every event results in significant losses for those who do not make it into the rankings!!!

Just like this contract competition, the difference between ranks 6-20 and rank 21 is that the transaction volume for rank 21 has already reached 14 million, which is actually only a few hundred thousand away from rank 20, but the rewards are vastly different. Similarly, for ranks 26-50, and 51-200, each barrier results in greater losses due to not being included.

Also, those who are included are actually losing money too. Take rank 200 as an example; the reward is around $1200 (the price has increased a bit now) but with a transaction volume of 3.5 million, the transaction fee is $1750. The BNB contract offers a 10% discount (the wear is calculated at a normal wear rate of 10%), and most people are at about a 40% discount.

So overall, the cost is about $1050, not including the funding fees required for hedging, so even the goalkeeper at rank 200 cannot make any money, let alone those ranked 51-200 who are trading 5 million, 8 million in volume, where the costs can reach several thousand dollars, making the rewards completely insufficient to cover the costs. After participating, it turns out to be a loss.

But fortunately, the recent contract competition and weekly ranking sprint events are synchronized, and the weekly ranking rewards provide a little bit of psychological comfort to the participants who have incurred losses. That's all.