Easter events on exchanges: your take?

[Ota.collins]

It’s that time of the market cycle when we experience short bullish momentum just before a significant bearish move. 

During this period, exchanges typically organize events that can be rewarding if you know how to trade or identify promising projects for short-term price movements.

Some exchanges are already organizing Easter events, and you can get involved to earn rewards. It’s amazing how some exchange reward pools even include cars. But has anyone won one of these cars? 

Do you enjoy participating in exchange events? If yes, feel free to recommend some; if not, please share your reasons.

[Oshosondy]

During this period, exchanges typically organize events that can be rewarding if you know how to trade or identify promising projects for short-term price movements.

Just be careful with trading and new project. Do not let exchange reward to let you lose your money and yet not collect any reward. Just know that exchanges are using it to let people know about their exchanges. It favors the exchanges than the exchange customers. Even I have not seen anyone that have seen such reward before. If exchanges say they want to give $1 million, be expecting $10 or less.

[betswift]

^ Agreeing with Oshondy here.

Free chesse is set up only in a trap. Stay vigillant.

[tvplus006]

...Do you enjoy participating in exchange events? If yes, feel free to recommend some; if not, please share your reasons.

If you are actively trading on the stock exchange, then you should not miss the promotions that they hold. By joining the promotion, continue trading the same way as before and you don't need to set a goal to win it, and then the reward you receive will be an additional bonus for you.

[CroverNo01]

During this period, exchanges typically organize events that can be rewarding if you know how to trade or identify promising projects for short-term price movements.

The price movement is the only actionable feature in the market. There are more events in the market, everyone sticking to one inother to get a reward for themselves so it's good thing. Exchanges privatized and capitalized on growing their community in the crypto market. They're just here to gather the vast numbers of sign-ups and this is rewarding for the exchange. On the other hand, we ought to be extremely careful not to fall into the hands of scamming projects, we might never recover from most of these scams, so prevention is better than cure.

[X-ray]

I'm always convinced that these kind of thing are just gimmick and if there's real prize here, big chance it will just go to the whales, the one that contributes the most to the trading volume and exchange platform fee.
never once I think I would win this kind of thing because the chance is small, and it's just waste of time.

I think it'd be better if they just incentivizes trading and give something like free cashback on futures or free coupon to trade on the platform instead, since it everyone can taste the freebies as well as helping improving exchange's metrics.

[slaman29]

Don't get fooled. Even if the cars are real, you won't win them, only the washmasters will.

I played the first BSC Easter challenge many years ago. I say play because it was a trading comp but really, everyone was wash trading. Including me, it's the only way to win because winners are by volume (duh of course right).

I got the Bunny NFT, and sold it for less than the fees I ate up swapping CAKE.

Don't say I didn't try

[Rruchi man]

Some exchanges are already organizing Easter events, and you can get involved to earn rewards. It’s amazing how some exchange reward pools even include cars. But has anyone won one of these cars? 

Rewards should not be the only reason why someone is lured or enticed into joining a new exchange that is unpopular. Some promised rewards are very ridiculous, and they are all in a bid to attract people to join the platform.

The exchanges or organizers of this Easter event know really well that they would only give consolation prizes if they give at all but rarely the major prize that has attracted people to come.

I say again the need for caution because scammers know the power that rewards have to attract people they intend to turn into victims.

[SamReomo]

Do you enjoy participating in exchange events? If yes, feel free to recommend some; if not, please share your reasons.

I participated in so many of such events especially in those of Bingx but to be honest, those events aren't for traders who trade $100 or $1000 or even $4000. Those give good returns to those traders who trade at least $10k, $50k, $100k, or even higher amounts.

[Peanutswar]

If your aim is just to flip and take profit nothing wrong with it because every one does, tons exchange doing a reward basis system to those particate the event and of course there's a designated risk on it, reason why its good to have a background check about the project itself so you can get an idea if its ideal to make trade to have at least get the reward or not so you need to consider the risk factor on how much you will get and how much you will lose on joining the event, I've been in that before but get tired with the requirements so instead I do flipping coins now.

[hero_the_bossman]

I participated in so many of such events especially in those of Bingx but to be honest, those events aren't for traders who trade $100 or $1000 or even $4000. Those give good returns to those traders who trade at least $10k, $50k, $100k, or even higher amounts.

So it's only for the big hands to throw them around.

Not a surprise for us.

[Alpha Marine]

I'm always convinced that these kind of thing are just gimmick and if there's real prize here, big chance it will just go to the whales, the one that contributes the most to the trading volume and exchange platform fee.
never once I think I would win this kind of thing because the chance is small, and it's just waste of time.

This is exactly how it is. Normal people don't win those prizes. They give them to people who can already afford it because of the publicity he can bring.
The purpose of the prize is to encourage people to continue trading because they feel they can win the prize. It's similar to what some Instagram celebrities do with their giveaways on Instagram. They make people believe that by following and interacting with their posts, they have a chance to win their giveaway, but they never do; they give it to people who can bring more publicity to them. I'm not saying there are no genuine ones, but it's not worth it in my opinion.

I think it'd be better if they just incentivizes trading and give something like free cashback on futures or free coupon to trade on the platform instead, since it everyone can taste the freebies as well as helping improving exchange's metrics.

That is why the prizes for these kinds of things, like coupons, are not always that big. It usually costs $20 and at most $100 with a lot of conditions. I think it's better that waythough.

[Ota.collins]

During this period, exchanges typically organize events that can be rewarding if you know how to trade or identify promising projects for short-term price movements.

Just be careful with trading and new project. Do not let exchange reward to let you lose your money and yet not collect any reward. Just know that exchanges are using it to let people know about their exchanges. It favors the exchanges than the exchange customers. Even I have not seen anyone that have seen such reward before. If exchanges say they want to give $1 million, be expecting $10 or less.

I get your point. I will be careful and will try out the BG easter event. hopefully, I will get rewarded.

[betswift]

Don't get fooled. Even if the cars are real, you won't win them, only the washmasters will.

I played the first BSC Easter challenge many years ago. I say play because it was a trading comp but really, everyone was wash trading. Including me, it's the only way to win because winners are by volume (duh of course right).

I got the Bunny NFT, and sold it for less than the fees I ate up swapping CAKE.

Don't say I didn't try

Thanks for sharing your experience, it's much appreciated.

As usual, the house wins the most

[Mpamaegbu]

Do you enjoy participating in exchange events? If yes, feel free to recommend some; if not, please share your reasons.

I don't enjoy rushing over events and bonus programmes organized by exchanges. In the past that I participated, it sort of distracted me and caused me unhealthy anxiety sticking to T&S. Of course, there will always be terms and conditions for stuff like that. At the end, I couldn't even understand what happened and how those who supposedly won, won. This day I ignore and avoid exchange events like leprosy. That's for exchanges I'm already on. I won't get on a new exchange for freebies or bonuses. It's not my thing.

[Dotidot]

Events are good strategies for gaining profits with minimal risk. However, you still need to be very careful. I was reviewing the statistics of my activities on exchanges this year and noticed that I have made a gain of $795 so far. Hoping to make more! Most of my gains actually came from https://www.bitget.com/asia/events/activities/687d2cc1caaa522c9e73381e3bbe6021. When it comes to events on exchanges, there are no hard rules.

[joniboini]

I was reviewing the statistics of my activities on exchanges this year and noticed that I have made a gain of $795 so far. Hoping to make more! Most of my gains actually came from

Are you sure that's the right link? How can you earn the majority of your gains from an event that has not yet finished? Not to mention that the reward pool is not even that high. Sure, you can win some grand prizes, but you'll have to trade a lot. Even if that's true, you'll probably earn more than $1k unless you somehow blank every order you made.

[harapan]

During this period, exchanges typically organize events that can be rewarding if you know how to trade or identify promising projects for short-term price movements.

Some exchanges are already organizing Easter events, and you can get involved to earn rewards. It’s amazing how some exchange reward pools even include cars. But has anyone won one of these cars?  

And I think is that point in time when one ought to be careful in their dealings with money or else they might have themselves being scammed solely depending on events that ain't reputable. It's okay to get involved in such events bit be mindful of how your money is spent cause such opportunities are kind of baits to lure people of their money, tho have not been involved in such exchange reward cause during such events is when they are most likely to occur and one needs to be watchful.

[shinratensei_]

if i'm being honest, I enjoyed having free market fee compared to these easter.
most of the people here seem to agree that these easter events aren't worth putting attention into, too much manipulation can happen behind the scene that people simply ignore the event because they know they won't get even a penny.

I participated in so many of such events especially in those of Bingx but to be honest, those events aren't for traders who trade $100 or $1000 or even $4000. Those give good returns to those traders who trade at least $10k, $50k, $100k, or even higher amounts.

So it's only for the big hands to throw them around.

Not a surprise for us.

exactly, it exists to attract big players, who initially stay in an already established and big exchange, something like binance and coinbase, some new exchange want to attract those traders and possibly increasing their trading volume because trading volume is the most used metric to determine the reputation of an exchange, even in coinmarketcap they use trading volume to rank the exchange.

the average joe like us just gonna get nothing. though it's not a big deal, after all business is business.

[slaman29]

Thanks for sharing your experience, it's much appreciated.

As usual, the house wins the most

No problem

I would say in some cases the house even competes, to 'win' the prizes it says it is paying out. I don't want to name names here but for example:

Organize a trading contest. Participate yourself with bots (lose nothing since all the liquidity is yours and fees is yours). 'Win' the prize.

If the prize is NFT, put it back on marketplace for cheaper than others. People buy it. Free money.