PancakeSwap's recent trading competition has caught attention due to reports that almost half of the winners might be linked through interrelated wallets. This situation raises doubts about the fairness of the lottery.
Overview of PancakeSwap's Trading Competition
The competition, running from July 7 to August 5, aimed to attract traders to accumulate points by trading five sponsor tokens. Sponsors contributed $50,000 each, resulting in a total prize pool of $250,000.
Connections Among Winners and Possible Violations
Investigations show that 850 out of 1,700 winners may belong to interconnected clusters of wallets. Some wallets transferred BNB to each other, allowing them to manipulate trade volumes to meet the required threshold for participation. A League of Traders representative stated that such coincidental connections raise concerns about prize distribution manipulations.
Future of PancakeSwap's Trading Competitions
PancakeSwap recently held its third trading competition and announced another upcoming contest that will also feature random winners. However, current transparency issues may cause dissatisfaction among traders and sponsors.
The situation with PancakeSwap's competition raises important questions about proper transparency and fairness in prize distribution, key aspects for the long-term sustainability and trust within decentralized finance.
