Hello everyone, I am Zuo Er
A few days ago, I was bored and was flooded with information about Bitget's poolX event, so I did some in-depth research to understand the relationship between exchanges. This research is quite interesting, so I plan to write a short article to express it.
The market has been bad recently, so I have focused my attention on making money. I can either earn interest from stablecoins or pledge them in a pool to get new coins. Either way, it is a risk-free and guaranteed way to make money.
Because the risks on the chain cannot be controlled and the volatility is high, here we only talk about stablecoin financial management and exchange launchpool, which are two risk-free and stable profit-making sectors.
Let’s talk about stablecoin investment first. The representative currency is definitely USDT.
Currently, USDT is the third-ranked cryptocurrency, second only to Bitcoin and Ethereum, and is the leading stablecoin.
There are also various ways to use stablecoins for interest-earning financial management, such as staking, re-staking, adding liquidity pools, etc., which may all have higher interest rates than holding coins in exchanges. However, for novices, the risks on the chain are very high and involve many knowledge points. It is not simply holding coins/staking to earn interest. For those with small positions, it is even worse. The already limited capital can be consumed by various conversions and gas fees.
Therefore, this article is mainly aimed at those friends who have little capital and how to reduce losses and be risk-free. If you want to make money in the crypto, you must first survive, and capital preservation should always be the first priority.
The easiest way to earn money on the exchange is to hold it and earn interest
Here are two examples of stablecoin annualized yields on exchanges
In the above figure, we can see that Binance’s annualized rate of return in the past year is basically around 1.5% during the bear market.
When the market is good, the rate of return will also increase, because more people use leveraged borrowing, and the interest rate will be higher, up to 24% or close to 25%.
When the bull market is sluggish, the annualized rate of return can reach about 3%.
So overall, whether you can earn interest still depends on the overall market conditions. In a bear market, you can only get a minimum living allowance, but in a bull market, you can have a cup of milk tea and eat a chicken leg.
Let’s take a look at Ouyi (everyone says its annualized rate is very high)
As you can see, there is still a little gap between the two, although from the overall K-line of annual yield, they are almost the same.
However, at its peak, OOY’s average weekly annualized return was as high as 34%, which is 10% higher than Binance’s highest point, which is indeed amazing.
I have also looked for charts from other exchanges, but unfortunately, Huobi, Bybit, Bitget, and Gate either only show the yield figures for the day or only show the yield curve for the day. Only Binance and EURUSD can display the yield curve for one year.
A short summary: If you have USDT in your hand and don’t want to bother with high annual interest rates or buy Altcoin, it is a good choice to put it in EUR/Binance for stable currency interest-earning financial management. I personally prefer to put BNB in Binance and USDT in EUR/Binance.
-After talking about stablecoin interest-bearing financial management, let’s talk about the advanced version of risk-free money making, launchpool
Basically every exchange has such a section, launchpool, or it may have a different name but the gameplay is similar.
Almost everyone who likes to visit Twitter knows that as soon as the Binance launch pool was released, the most common voice on Twitter was that Binance Daddy has given out money again, and holders of bnb can get free money again, and the minimum living allowance for bnb users has arrived.
This shows how popular launchpool is.
The description of Binance Launchpool is also simple and elegant, summing it up in one sentence.
A secure way to get new token airdrops.
Simply put, the exchange has opened a launchpool for the currency. Users only need to stake the corresponding currency, and the corresponding token airdrop will be automatically settled every hour, which is safe and risk-free.
The latest launchpool project is IO. Staking FDUSD and BNB will get token airdrops. As you can see from the picture, the number of participants in the two currencies is close to 300,000. The total locked FDUSD2B+ BNB18M+, which can be said to be very popular.
Basically all users who have BNB will pledge it. After all, it is risk-free and free money. Even users who hold BNB do not need to do anything. By putting BNB in financial management, you can not only earn interest from financial management, but also automatically participate in launchpool for you. The main feature is to feed you directly to your stomach and you just need to lie down.
Binance's launchpool does not restrict Chinese people, so it is a stable big pot meal. As long as it is available, you can have a bite.
The above table shows the yields of binance launchpool in the past. The highest annual yield can reach 220%, and the lowest is 70%. The fluctuation is still relatively large, but fortunately it is a risk-free free airdrop, so there is no loss if you invest more or less.
In addition to Binance's launchpool
Europe and Italy have jumpstart (Chinese are not allowed to participate)
Gate has startup (you can get it for free if you hold GT, or if you meet the VIP requirements, but VIP0 can only win by lucky draw.)
Bitget has a launchpool (same as Binance’s launchpool.)
It is worth noting that Bitget also launched PoolX, which can be understood as an accelerated version of Launchpool. It is no longer necessary to wait for a while after making profits from staking one project before starting the next one.
PoolX allows you to stake and earn new coins all year round. Multiple prize pools are launched simultaneously, and you can stake as you like and settle on an hourly basis.
Huobi has liquid restaking (staking tokens to get airdrops, which are distributed based on points)
So to sum up, my personal recommendation for launchpool ranking is binance＞bitget＞gate＞htx＞Oui
After talking about earning coins, let’s now talk about transaction fees and VIP.
We all know that there will be a certain amount of handling fees for each transaction on the exchange. Increasing the VIP level can reduce the handling fees. Let’s take a look at the handling fees and VIP level qualifications required for each exchange.
Binance
The spot transaction fee for ordinary users is 0.1%, and holding bnb can get a 25% discount.
To upgrade to VIP1, you need to have a transaction volume of 1 million within 30 days or hold 25 BNB, and the transaction fee is reduced to 0.09%.
The improvement before VIP3 is not high, and it is a qualitative change after VIP3.
European and American
The normal step-by-step release of OY is also enabled by OKB. Its initial handling fee is 0.08%/0.1% and there is no OKB discount.
gate
Gate's initial discount is also 0.1%/0.1%. Holding GT has a 10% discount. What's interesting is that Gate's high-level VIPs don't have the same discounts as Binance and Euro. Binance's highest VIP only needs 0.02%, Euro is up to 0.06%, and Gate's highest is 0.07%. (Just a joke: You can experience the handling fee treatment of Gate's top VIPs by using BNB to deduct transactions on Binance~)
HTX
I was stunned for a long time when I saw this fee rate. It's a big cut. VIP 10 and 11 can only be increased by trading volume, and holding positions is not used. The initial transaction fee of 0.2 is unique in the entire exchange industry. TRX and HTX have a 25% discount, I don't know if it can be combined. Even so, this fee is twice that of other exchanges.
bitget
0.1% basic fee, BGB can deduct 20%
It is worth noting that if the Bitget transaction volume reaches 100 million, you can reach the highest VIP7 level and enjoy the lowest handling fee of 0.02%.
Binance is the highest level with a transaction volume of 4 billion, and enjoys the lowest transaction fee of 0.012%/0.024%
Ouyi feels like a weird thing. If you hold 1,000 OKB and 10WU assets, or have a trading volume of more than 5 million, you are at level 5. However, the handling fee of level 5 is only reduced from 0.08%/0.1% to 0.06%/0.06%.
When gate's transaction volume reaches 100 million, the fee rate is upgraded to VIP10, which is directly changed from VIP9's 0.07%/0.075% (without GT) to 0%/0.058%. You can either work hard to excel or be lazy and accept your fate, which is reflected in Gate. You can either simply not get VIP or get the top level.
HTX needs 1.8 billion transaction volume to reach level 11, and the handling fee can be reduced to 0.0126%
So to sum up, without considering other factors, my personal recommendation ranking of transaction fees alone is Binance>Bitget>Oui>Gate>HTX.
In fact, in addition to reducing transaction fees through two channels, namely, users upgrading their own VIP and holding platform coins, there is another way to reduce transaction fees.
That is the rebate link. Many people say that it is an advertisement. You can choose not to follow it, but I hope you will finish reading it.
Why is there a rebate link and where does the rebate money come from? This is what we need to know.
Let’s take Bitget as an example. I can open a registration link with a 20% commission rebate. If you register for a transaction through my link, 20% of the generated commission will be fully returned to you.
Let’s calculate how much we can save in the end.
If you trade 10,000u, the handling fee is 0.1%, which is 10u, right? Holding BGB can deduct 20%, and you still need to pay 8u. If you don’t follow the link with rebate, then this 8u will be given to the platform, and part of it may be given to your superior, but he didn’t return it to you.
If you follow the rebate link, 20% of 8u will be returned to you, which is 1.6u, and the actual handling fee is 6.4u.
If you follow a link that gives you a 20% rebate, plus BGB, the handling fee will be 0.064%, which is equivalent to Bitget's VIP2 and Binance's VIP2.5.
Maybe you think 1.6u is nothing, but think about your daily transactions, secondary trading, buying and selling, and the accumulated daily trading volume? You can save a cup of milk tea a day, or you can interact with the chain several times (except for the noble chain). Two days is a meal, three days is a trip, and four days is a free movie. This is your own money, why give it to others?
Here I want to emphasize that all my data benchmarks are based on spot trading. I don’t play with contracts. When playing with blockchain, being slapped in the face by contracts is something you must experience. It depends on whether you learn from your mistakes. I don’t recommend anyone to play with contracts. I’m talking about the spot trading fees.
This is the end of the article, a brief scientific introduction.
Finally, I will attach the commission rebate I can give to you personally. You can collect it if you need it.
Binance 10% rebate invitation code: WSTL316L
Direct link
https://accounts.suitechsui.io/register?ref=WSTL316L
OKX 20% rebate invitation code: 4134875481
Direct link
https://www.ouxyi.shoes/join/4134875481
Gate Open Sesame 20% rebate invitation code: VAIQBlEM
Direct link
https://www.gate.io/signup/VAIQBlEM?ref_type=103
Bitget 30% rebate invitation code: vzn73044
Direct link
https://partner.bitget.fit/bg/8l2267j7
Finally, welcome to follow me on Twitter
Users who register through the link can add my WeChat deyuan88888888 to create an exclusive member group and provide one-on-one service and various benefits
