Last night I had barbecue with an old sucker fren. He was munching on skewers while sighing: "These trading competitions nowadays are either wash trading Bots or pure pump, the ones really making trades are just background noise." I was nodding in agreement at the time, but when I got home and scrolled through @MemeMax_Fi's latest announcements, my mindset got a bit twisted back — this wave doesn’t seem to be entirely the same old story.

From the perspective of a hacker, there are three things worth paying attention to recently:
1⃣ The official announcement is about a trading competition for what is claimed to be the largest perp DEX, essentially providing strategy players with a "bonus-laden mock exam";

2⃣ The fee for unlocking MaxPack is actually used 100% for repurchase of $M , binding the activity incentives with the coin price; this design is a bit rigid.

3⃣ The event shifts from "the most tragic loss stories" to "the biggest profit stories," and then adds MaxPoint, a point system that cannot be traded and only records your real actions, which feels like slowly pushing the community from pure emotional trading to a more "accountable" gameplay.

Many people only focus on the Yap ranking on Kaito, but what the developers care about more is whether this "trading → scoring → repurchase → competition" closed loop can be run clearly and last long.

My approach is to start with a small position for experience, treating these few months as an observation period - the money is mine, and the logic must be mine as well.