Recently, I experienced quite a few pitfalls while trying to earn some rewards on a certain blockchain trading platform, and I want to share my experience with everyone.



Yesterday, I used the platform's exchange feature to swap USDT for BNB, only to be charged a sponsorship fee of 4.27U and Gas fees. I was a bit stunned at the time. I thought, how long would I need to hold on in a bear market to break even? But did I learn my lesson this morning? No. I used USDC to buy Aster for spot trading, and I was charged another 3U in Gas fees.

After two consecutive days, just the transaction fees alone totaled over seven dollars, and my gains were completely eaten up. It seems that the cost of "farming" on the chain isn't low, especially for small transactions where the fees are even more painful proportionally. These costs are quite important for retail investors participating in airdrops and testing.
BNB-0,7%
USDC0,02%
ASTER-4,67%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BrokenDAOvip
· 1h ago
Bro, this is a classic case of incentive distortion. No matter how attractive the platform design is, it can't change one fact—the transaction cost structure for small traders is inherently locked in. Over seven points in fees eat up all the profits. This isn't a trap; the mechanism itself is harvesting.
View OriginalReply0
BankruptWorkervip
· 01-15 05:58
Bro, your transaction fee is a huge loss, over seven bucks just gone. How are you supposed to profit like this?
View OriginalReply0
FUD_Vaccinatedvip
· 01-15 05:46
Bro, that's why I only watch now and don't trade. The transaction fees are killing me.
View OriginalReply0
NFTHoardervip
· 01-15 05:45
The 7 yuan fee is gone, this profit margin is really unbeatable.
View OriginalReply0
GweiObservervip
· 01-15 05:44
The gas fees are so outrageous I really can't take it anymore. Over seven dollars gone just because of two transactions?
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)