Sesame Activities and Candydrop Major Pitfalls! Dodging Scams for Newcomers and Square Community Friends! (Feels like no one's watching anyway, can't see real people in the square, just ads and trash accounts😅)
Registered through a friend in early year, played Sesame for a few days and found that Sesame activities and new coin launches are basically huge pitfalls.
First, many activity rewards are leveraged position trial vouchers (most requiring margin trading, can only open 10x leverage, 50U margin, basically can't make money, did long Dogecoin previously, made 30% profit but only earned 1U in returns) or spot trading fee rebate vouchers (most only 20% rebate), not genuine U rewards.
Second, most activities contain misleading text or fabricated descriptions like "probability of receiving rewards, airdrops" "newcomers can earn up to" "less than 1U won't be distributed", and most activities don't show rankings after participation, no remaining quota displayed, no completion indicators either, only the platform knows if you're done or not.
Third, reward distribution is unclear and non-transparent. Trading contests and ranking races typically settle and distribute 1-7 business days after activity ends, with no real-time deposit notifications during the period, and you have to manually claim in the rewards center yourself, or it expires (there's also referral rewards, 5U didn't arrive in seven business days, not as good as Binance, so petty).
Fourth, Candydrop requires check-ins but divides rewards through pool splitting. The activity interface's estimated rewards are pure insult to intelligence. As Candydrop accumulates more newcomers and existing users, personal estimated rewards = (personal current candy amount ÷ network total real-time candy amount) × corresponding reward pool total, the proportion each person gets becomes smaller and smaller, even grinding heavily has caps, plus airdrops distribute very late, like 2.6U during the TBK activity, down to 0.8U when activity ended, wait half a month and it's probably only 0.4U. Like if 0000 checks in for 10 days, that's 10 candies, 10000 people participate, reward pool 100000, that's 10/10000*100000=100 airdrop, now 0000 is 0.01 each, final reward 100*0.01=1U, doesn't even cover slippage, many will get reverse-farmed. Plus, candies can only see the network total by clicking that "estimated reward pool split" button, the estimated rewards must be calculated by a PE teacher, I can only say this is a crude platform🙄#比特币六连涨 #比特币六连涨
Sesame Activities and Candydrop Major Pitfalls! Dodging Scams for Newcomers and Square Community Friends! (Feels like no one's watching anyway, can't see real people in the square, just ads and trash accounts😅)
Registered through a friend in early year, played Sesame for a few days and found that Sesame activities and new coin launches are basically huge pitfalls.
First, many activity rewards are leveraged position trial vouchers (most requiring margin trading, can only open 10x leverage, 50U margin, basically can't make money, did long Dogecoin previously, made 30% profit but only earned 1U in returns) or spot trading fee rebate vouchers (most only 20% rebate), not genuine U rewards.
Second, most activities contain misleading text or fabricated descriptions like "probability of receiving rewards, airdrops" "newcomers can earn up to" "less than 1U won't be distributed", and most activities don't show rankings after participation, no remaining quota displayed, no completion indicators either, only the platform knows if you're done or not.
Third, reward distribution is unclear and non-transparent. Trading contests and ranking races typically settle and distribute 1-7 business days after activity ends, with no real-time deposit notifications during the period, and you have to manually claim in the rewards center yourself, or it expires (there's also referral rewards, 5U didn't arrive in seven business days, not as good as Binance, so petty).
Fourth, Candydrop requires check-ins but divides rewards through pool splitting. The activity interface's estimated rewards are pure insult to intelligence. As Candydrop accumulates more newcomers and existing users, personal estimated rewards = (personal current candy amount ÷ network total real-time candy amount) × corresponding reward pool total, the proportion each person gets becomes smaller and smaller, even grinding heavily has caps, plus airdrops distribute very late, like 2.6U during the TBK activity, down to 0.8U when activity ended, wait half a month and it's probably only 0.4U. Like if 0000 checks in for 10 days, that's 10 candies, 10000 people participate, reward pool 100000, that's 10/10000*100000=100 airdrop, now 0000 is 0.01 each, final reward 100*0.01=1U, doesn't even cover slippage, many will get reverse-farmed. Plus, candies can only see the network total by clicking that "estimated reward pool split" button, the estimated rewards must be calculated by a PE teacher, I can only say this is a crude platform🙄#比特币六连涨 #比特币六连涨