2025-12-17 09:31:05

Observing a major exchange's trading competition, the contestants' performance reports are really heartbreaking. Carefully looking at the leaderboard, half of the accounts are floating in loss, and some have even been liquidated directly. This is strange—how can these people still make money?

After thinking about it, the possible logical chain is as follows: contestants incur losses → the exchange collects fees and gains customer losses → the rebate system supports active user participation → the exchange profits from the spread between customer losses and rebates. In other words, these competitions may essentially be a profit tool for the exchange, with contestants' losses being the source of income for the exchange. From this perspective, the true winners of the trading competition have long been determined.

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RebaseVictim

· 2025-12-20 09:30

Uh, I've seen through this trick a long time ago. To put it simply, it's just the exchange cutting the leeks. Fees plus customer loss spread, rebates are just illusory sugar-coated bullets. Participants think they're competing, but they've already lost. Trading competition? The exchange is just a printing press.

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BlockchainBard

· 2025-12-20 07:46

Haha, this is just a game to cut leeks. The exchange has already made a fortune. Trading competition? Basically, it's the exchange's ATM. Whoever loses is the sponsor. I don't play this game. Just watching it makes me uncomfortable. Brothers who get liquidated in the competition are really just giving money to the exchange. The rebate isn't even as much as the trading fee. So our losses are their income. Haha. The winner? The winner just sits in the exchange's office, haha. If you can't beat the system, better not get involved. Half of the people are floating losses, and this data says it all. What else can be said?

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MechanicalMartel

· 2025-12-19 19:46

Really, after reading this analysis, I just laughed. Exchanges don't really care about your ranking; trading fees are the real big money. Losses are the exchange's profit... this logic makes perfect sense, yet players still foolishly participate. The rebate system sounds great, but in reality, it's just giving you a small part of your losses back. Truly clever. The more participants lose, the more the exchange earns. I choose not to play this game. What are those who got liquidated thinking? They are just walking into the gunfire.

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NeverVoteOnDAO

· 2025-12-17 10:01

Haha, isn't this just an upgraded version of cutting leeks? On the surface, they hold competitions to attract popularity, but in reality, it's all just a front. --- Honestly, exchanges have already made a fortune, and we're still dreaming about rankings. --- That rebate thing can't cover the blood of transaction fees at all. Wake up, everyone. --- It's another "participation equals loss" game, and I see through it clearly. --- I also participated before, lost for two months before I finally understood. It was really a waste.

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BankruptcyArtist

· 2025-12-17 10:00

Haha, the truth is finally revealed. I've seen through this trick a long time ago. Basically, the exchange is just squeezing retail investors, and the participants are just self-entertaining. A competition? That's laughable, just a money-making scheme. I've participated a few times, and the lessons learned were bloody. Exchanges make a fortune, while we lose everything. This game was never meant for retail investors to win from the start. Seeing the big players on the leaderboard also losing money makes me feel hopeless. The rebate money can't even cover the trading fees. So, the smartest move is not to participate.

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WagmiWarrior

· 2025-12-17 10:00

Haha, I was saying, this trick is just like cutting leeks, just with a different name called a competition. It's truly brilliant, the exchange is the happiest laughing. Participants suffer heavy losses, while the exchange profits from the spread. Do they not realize who loses and who gains in this deal? Instead of participating, it's better to just work directly for the exchange. It's high time to see through the true nature of this Ponzi scheme. Honestly, even the top few on the leaderboard may not make a profit; most of the fees are eaten up by commissions. Trading competitions are just a facade; the real winner is always the market maker.

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PessimisticOracle

· 2025-12-17 10:00

Laughing to death, I really thought I could turn things around with a competition, but the trading fees and the blood mill just took a round and it's gone. The exchange's rebate trick, honestly, is just using retail investors' losses to boost their image. I've seen through it long ago. The guys who got liquidated are still thinking about a comeback next time, but they don't realize the game rules have been fixed long ago. Participating = giving away money. This logical chain is so clear, the exchange is smiling brightly. Trading fees, customer losses, price differences—perfect cutting of leeks mode, brilliant. The real winners? It must be the ones sitting behind the scenes counting money.

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HorizonHunter

· 2025-12-17 09:50

Basically, the exchange is just harvesting retail investors; the rebate money is not enough to fill the loss gap. The real profit has never come from the participants, but from the exchange itself. This trick is old and has long been exposed. Participating in such competitions is pure suicide; it's better to study strategies carefully. With transaction fees plus client losses, the exchange makes a guaranteed profit, while we suffer heavy losses. Rebates? Haha, just a consolation prize.

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