$BNB #BSC - The brothers playing #Binancealpha are already showing signs of fatigue from the expenses of contests and maintaining alpha ranking, which is depleting profits 🧐
When Alpha launched the trading contest on the BSC platform, I had already analyzed that users would exhaust profits just like what happened with the airdrop on the Telegram platform, and reality confirmed this through the results of the updated BSC system leaderboard, where only 2 codes $M and $CROSS showed a significant increase in trading volume, while the other codes were left by users, at least for now.
Ignoring the reasons related to high slippage, low attractive prize pool, and poor history of previous contests, there is another reason that is rarely mentioned, which is that users are tired of spending, leading to a cautious approach when participating in trading contests.
More than a week has passed, and most participants have not received the airdrop in the FCFS format and only recently received $100 prize MPLX (for those who won), while every day participants have to spend $15-$30 on one account, and sometimes even more to maintain alpha ranking and participate in contests. If playing with multiple accounts, the accumulated expenses can become quite significant, gradually exceeding the capabilities of many participants with limited capital, making them more cautious in choosing to participate in prize races, leading to many codes practically not increasing trading volumes.
The contest on the BSC platform will end tomorrow at 23:00 GMT+7, the volume may increase, but slightly. The biggest concern for participants is the strong price volatility of contest codes. Be careful to stay safe when you finish.
If you have a different opinion, leave your comments so we can chat 👇