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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
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3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
The ups and downs of arbitrage during the EOS ICO period
Gate News bot message, Huang Shiliang shared his arbitrage experience during the EOS ICO. During the ICO phase of EOS, the primary and secondary markets operated in parallel but had price differences, creating arbitrage opportunities. At that time, in the last few minutes of trading, hackers initiated high ETH gas transactions, causing congestion on the ETH chain and preventing other investors from injecting ETH into the EOS ICO contract. Ultimately, the EOS ICO issued a total of 900 million tokens, raising 7.2 million ETH, with a total value of $4.2 billion. Huang Shiliang pointed out that he gained profits through arbitrage, but upon reflection in the following years, he realized that it also brought some negative consequences.
(Source: wublock123)
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