3 ms·
This has actually followed over into the NFT space as well--there are bots that put up paltry offers on every NFT in a collection (10% or 1% of floor price for
by beaugunderson 5y ago
This has actually followed over into the NFT space as well--there are bots that put up paltry offers on every NFT in a collection (10% or 1% of floor price for example) and they are MASSIVELY profitable because some small percentage of people accept the offers. Then the bots just list slightly below the floor price for a quick profit so they hold minimal inventory. Quite the numbers game.