How much trading rewards can you earn from wash trading on marketplaces such as X2Y2? Top wash traders have paid millions in platform fees in order to earn trading volume based token rewards. Is wash trading really that profitable?
Wash trading is one of the biggest hurdles in accurately assessing NFT projects, exchanges and the industry as a whole.
This article analyzes one exchange in particular, X2Y2, and explains how wash traders position themselves to earn token rewards from wash trading and staking. It also analyzes the profit and loss of the top 10 X2Y2 wash traders.
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