Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#代币持有者收益 Once again, there's a "double airdrop" event—don't rush into it just yet. WEEX's recent contract mining + WE-Launch may seem quite tempting—40% fee cashback, double MON airdrop, up to 100% annualized yield on financial products—all very eye-catching numbers. But I have to be honest: the pitfalls I've encountered over the years tell me that the more attractive the numbers, the more careful you need to be.
First, let's talk about the MON project. Less than a month after its mainnet launch, the TVL has surpassed hundreds of millions, and it skyrocketed by 900% in the short term—this alone is a risk signal. High liquidity and high yields often mean high volatility and high risk. An annualized 15% sMON yield sounds good, but how many can actually consistently earn it? History shows that explosive growth in public chains tends to cool down gradually after the hype.
Second, be wary of the "chain reward" schemes. You mine WXT through contracts, then use WXT to participate in WE-Launch and share MON. It looks interconnected, but in reality, it's just constantly enticing you to invest more funds. The 300 WXT threshold may seem low, but if you want to upgrade to miner levels and increase your return rate, transaction volume and accumulation requirements will gradually increase.
Most importantly— the more participants there are, the more everyone's earnings get diluted. Early participants in such activities can enjoy the benefits, but those who join later are basically just taking the fall. Plus, contract trading itself is full of risks, and 50x leverage is a ruthless tool that can wipe you out in an instant.
My advice is: if you're not a professional trader, it's best to stay away from contract mining. Those extra "task rewards" and "financial yields" are essentially the exchange returning part of users' fees under various pretexts—they don't appear out of thin air. The key is to ask yourself whether you can truly profit from this process, rather than being trapped by carefully designed reward mechanisms.
There are 13 days left in the event—don't let the countdown rush you. Calmly ask yourself: can I really make my money back? Or will I just become another bunch of chives for the exchange to harvest?