$STEEM trading event on Upbit exchange is still ongoing!

in H4LAB Research19 hours ago

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Source: Upbit exchange

The total rewards are 4.95m $STEEM 🤑 It's 11 hours left. The First-place trader has paid around 13m KRW for the fees. Compared to the First-place prize, it's much lower.

Let's calculate the First-place prize amount in KRW! The First-place prize is 1.2m $STEEM. It's around 116m KRW.

Thus, if I were a big player, I would buy and sell $STEEM more. The break-Even Point of the trading amount for the First-place is.. about 230b KRW. However, to join this event, conservatively, I would set my trading volume up to 50b KRW.

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