I took the time to do a calculation to show how much money in the trenches is lost and taken buy launchpads and terminals from the users. @0xIT4I
from my calculations [can be wrong or misscalculated] 100 traders with $10.000 vol a day over 10 days loose around -$1800 each, if they only trade the money with no losses or wins at all just stagnant.
this is 15x times more than with major exchanges.
for example having the same volume on binance would take less than $150 in fee's in one whole week.
this is a number that is not sustainable for the system and will cause major damage longterm.
i am aware that platforms like @AxiomExchange or @tradingterminal offer cashback to up to 50%. tho even with the cashback 6 times more money is extracted compared to major exchanges.
‼️‼️ remind yourself. this has not only been going on for 10 days with 100 trencher and $1.000.000 vol.
‼️‼️It's been like this for hundreds of days with hundreds of thousands of trenchers and billions of volume
in the longterm this game cannot be played further and because of the large amount of money lost over the past months and years. there will be too little money left for each trencher to maintain enough daily vol to trade profitable.
@zyssszysss@0xIT4I@TrojanOnSolana almost every platform promises things but never fullfills them. they are simply here to extract. no matter if they have true intentions of running for years.
their greed blinds them and creates monsters
I do not speak for all alpha groups. Only for 1 or 2
I dont believe some these people care about the money. for example in 1 group lifetime memberships and roles are given out to those who actually provide value (prosperity). additionly it filters out who retail etc. if every alpha group was free every gc turns into axiom general chat where people ask how much fees is good. idiots and retail not knowing shit
you dont want to many people in groups. they will be crowded and bs
not talking about all groups. some of them have some broke ass nigga owners who need the subscriptions
@0xIT4I just imagine a marathon runner that runs in shoes that break 15x faster than regular ones
this is how unsustainable the trenches are with these launchpads and terminals!!!
an ultramarathon runner does not finish the race wearing shoes that break 100 times faster than regular running shoes.
on the other side. one will never improve if there is no competition. as long as there is no dex changing the fee structure. other terminals won't do it either
@redemptionjizzy not even tt coins. if the circumstance continues that people loose 70% after buying a high coin after being onboarded by kols/influencers. No retail will ever come back.