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"The Ultimate Tutorial for OKX Jumpstart to Make New Money"
1. In our industry, the IEO of major platforms is to pay wages.
However, many people still do not know how to receive this salary. There are a lot of details here.
Even, many big KOLs are half-knowledgeable and have misled many people.
Today, I'm a fool, so I'll take Jumpstart as an example to write an ultimate tutorial on how to make new money.
2. Let’s take SUi as an example to see the announcement of OKx.
This announcement hides the wealth code, which seems to be unremarkable.
It is nothing more than telling you when to take a snapshot, when to subscribe, when to announce the results, and when to issue coins.
When you look at it, you slap your thigh and say that you don't have OKB and can't participate.
So the opportunity to make money has nothing to do with you. I would rather go to deliver food than use my brain.
3. If you don’t have OKB, you can borrow it. Even the Okx official website directly provides the service of borrowing OKB.
Borrow money to participate in playing new mysteries, just in this formula:
Short-term loan interest rate + principal friction rate (caused by Gas, deposit and withdrawal, etc.) < winning rate * rate of return The right side is greater than the left side, which is your profit rate.
4. Tell me one by one, idiot.
The friction rate is negligible.
The short-term lending rate is generally the current floating lending rate.
Take OKB as an example, it is usually around 2%, and when it is new, it soars to 200%.
There is a misunderstanding here: think that the cost of borrowing lies in the time when the snapshot is held.
Big mistake. Borrowing costs come from snapshot technology, the time after subscription and before coin issuance.
5. This time, SUi will be subscribed at 10am on 4.23 and will be distributed at 14:00 on May 03, about 10 days.
Borrowing costs during the snapshot period are negligible.
6. Why are borrowing costs negligible during the snapshot period?
Because the OKB in the wealth management account will also be included in the snapshot.
Because you can borrow OKB and lend OKB to others through the wealth management products on the platform.
Once in and out, you are eligible for a snapshot. Once you enter and exit, the interest paid to you by others will equal the interest you have to pay.
Only after the subscription starts and you have to redeem the OKB locked position, you will actually pay the interest.
7. Let’s talk about the winning rate.
This is easy to understand. Winning rate = number of winning lots/total number of subscription lots.
This is a competitive metric that shows how many other people are currently competing with you.
But believe me, the competition is lower than you think, because most people don't understand it.
8. Finally, let’s talk about the most complicated rate of return.
Rate of return = market value of issued tokens / market value of participating in new OKB.
Don’t worry, the market value of the issued tokens = the number of issued chips (public information) * unit price of chips Then you say, what should I do if I don’t know the unit price of chips? This is a very troublesome thing.
The shortcut is to pay attention to investors who are experienced and like to share (such as silly brothers), and they can analyze almost as well as ten.
9. Friends, here comes the first secret of making money.
The market value of participating in new OKB= total market value of OKB* participation rate.
The participation rate of OKB is significantly lower than that of Binance.
Suddenly a big project came, for some reason, dissatisfied with the harsh terms of Binance, it flowed into exchanges such as okx.
At this time, it will be Alpha in the OKB through the lending market.
Because the market value of the issued tokens is high, the participation rate has not been reflected and is still at a low level.
10. The second secret of making money.
On the snapshot, play tricks and tricks.
The exchange will tell you that the snapshot takes the average position of several days.
But do exchanges take snapshots every moment? Won't.
If your friend inside the exchange tells you to take a snapshot at 9:30 every night, will you borrow money at 9:29 and pay it back at 9:31?
This also saves interest money, but the savings are very small.
11. The third secret of making money
After the project opened, it was the first time to smash the market.
Through the exchange API, at the moment the exchange opens, directly write trading robots to smash the market.
The exchange's smashing code, the silly brother shared it on a certain blog and a certain official account.
12. The fourth secret of making money
If the exchange does not see trading robots bullying retail investors, it may limit the robots for a few seconds after the market opens.
The fourth secret is to directly smash the page through the front-end code.
The exchange thought you were a retail investor, but you turned out to be a scientist.
This front-end code was shared by a certain blogger and a certain official account.
13. The OKB borrowed by risk is used for financial management, and then lent to others.
There is a risk here. What if all the OKB in the pool are borrowed and you cannot redeem OKB when you subscribe?
Customer service answer: 24-hour support for subscription and redemption at any time, and the simple earning currency redemption of the current account will be credited immediately.
The idiot guessed that it was the redemption paid by the exchange.
And the exchange has the probability of not being able to afford it and the feeling of suddenly not wanting to. This is the risk.
ps. This article only takes okx as an example, other exchanges are similar.
It does not recommend any exchange to readers, and it cannot be regarded as an endorsement of okx.
14. The silly brother went to study other wealth codes.
If you don't want the idiot to get lost, just follow the idiot @bitfool1
ps. This article only takes okx as an example, other exchanges are similar. It does not recommend any exchange to readers, and it cannot be regarded as an endorsement of okx.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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