🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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📅 Ends at 16:00, Sep 17 (UTC)
With the new rules introduced by the Alpha trading platform, simple malicious swiping methods are no longer effective. The latest volume doubling rule applies not only to Wallets but also to exchanges. After practical testing, the 4x rule for limit orders on exchanges has been canceled, while old coins remain calculated at a one-time basis under any circumstances.
These changes bring new risks and opportunities. It is expected that the accumulation of points may be adjusted in the near future. This situation is reminiscent of the market reactions after the violent fluctuations in certain token prices, leading to a significant decrease in the number of participants, which in turn affects the distribution of points.
In the current situation, maintaining a wait-and-see attitude may be a wise choice. The market will inevitably see the emergence of new stablecoins, but those overly simplistic profit-making methods will eventually become a thing of the past. It is worth noting that a large volume of trading is concentrated on specific tokens, which may have a negative impact on the exchange and the Alpha projects themselves.
In the long run, many projects will allocate trading shares to trading competitions instead of distributing them all to arbitrageurs, which may be a preparation to cope with the current situation. From the perspective of the project side, if no one engages in substantial trading after the launch of Alpha, the significance of the listing will be greatly diminished.
In this rapidly changing environment, participants need to approach trading activities with more caution and strategy. Simple arbitrage models have become difficult to sustain, and in their place will be more complex and intelligent trading strategies. In the future, only those traders who can adapt to new rules, continuously learn, and adjust will stand out in this challenging market.