$STEEM Trading Event on Upbit started today 🥳
The First-place prize is 1.2m $STEEM 🤯🤑 Second and Third prizes are 1m and 750k $STEEM.
The market maker and taker fees of $STEEM/KRW is 0.05%.
So, let's calculate the fee of the First-place. This guy's fee is 1.25b KRW×0.0005=625,000 KRW. It's around only 6,250 STEEM 🤯
So, if $STEEM price sustains this level or rise slowly, his pay is pretty much less than the First-place prize.
Nevertheless, it seems that many big players have not participated in the event. It's about 36 hours left.
Honestly, I wanna join this event. But, I have not enough liquid $STEEM, unfortunately.